Growing product demand from food & beverage industry along with increasing focus toward innovative printing technology will proliferate the global packaging printing industry
The global packaging printing market size is projected to surpass USD 31 billion by 2025. The packing printing provides quality printing to the package, and in turn caters the demands of the industry. It uses different printing technology, including flexography, digital printing, gravure, screen printing, and offset. It is used for multiple packaging processes, comprising rigid plastic, paper & paperboard, glass, and metal. In addition, the industries which utilize the packaging printing technology include food & beverages, pharmaceutical, and other industries.
The surging demand for packaged products and items coupled with shifting focus toward online shopping is escalating the dependency on paper. In addition, the growing inclination toward flexible packaging along with steady growth across print media, including journals, and newspaper, is stimulating the paper demand. Moreover, ongoing innovation activities to enhance the properties of printing materials will complement the industry size in the coming years.
The report also throws light on various aspects of the global packaging printing industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the packaging printing industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global packaging printing market holds a strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
Packaging printing market, the market is categorized into household & cosmetic products, food & beverages, pharmaceutical, and others on the basis of application. The food & beverages segment is expected to grow at a CAGR of over 5% over the forecast period 2019-2025. The growth of this segment is primarily contributed to the rising packaged food consumption along with the growing importance of packaging appearance will augment the product demand in the coming years.
Europe is anticipated to observe the significant growth over the forecast period. The ongoing introduction of improved printing technologies for printing along with ongoing advancement across packaging industry is stimulating the industry size in the region. Furthermore, regulatory bodies are promoting adoption of environmentally friendly printing ink along with a focus on safe disposal and recyclability of used packages in turn is supplementing the business landscape. The recent boost by the government authorities to develop environment friendly chemical will further complement the industry size over the forecasted timeline.
The major players of the global Packaging Printing market comprise of Mondi, Sonoco Products Company, Graphics Packaging Holding Company, Quad/Graphics, Amcor Limited, Constantia flexibles, and WS Packaging Group, including others. The market for Packaging Printing is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with the production of paper. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.
Segment overview of packaging printing market
- Printing Technology Overview, 2018-2025, (USD Billion and kilotons)
- Screen Printing
- Digital printing
- Printing Ink Overview, 2018-2025, (USD Billion and kilotons)
- Solvent-Based Ink
- Aqueous Ink
- UV Curable Ink
- Latex Ink
- Applications Overview, 2018-2025, (USD Billion and kilotons)
- Household & Cosmetic Products
- Food & Beverages
- Printing Type Overview, 2018-2025, (USD Billion and kilotons)
- Paper & Paperboard
- Regional Overview, 2018-2025, (USD Billion and kilotons)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- North America