The global packaging printing market accounted for a value of USD 331.9 billion in 2019. Packaging printing market is projected to register growth at a CAGR of 3.9 % during forecast period.
COVID-19 has impacted various businesses over the globe. The packaging printing market has been impacted by spread of corona virus as the demand from various end-users industry is declined. The decline in growth of this market will not be significant. The market will foresee growth from 2021.
For more details, visit: Global Packaging Printing Market By Technology (Flexography, Rotogravure, Others), By Packaging Type (Folding Cartons, Labels & Tags, Others), By Application (Pharmaceutical, Functional, Others), By Region–Forecast & Opportunities to 2026
The packaging printing has wide application in various industries as it provides information about the products, brand symbol etc. The packaging printing is used by food & beverages, cosmetics, toiletries, healthcare sector and others. The large scale utilization of this market is responsible for driving growth in packaging printing market during forecast period.
On the basis of technology, the packaging printing market is segmented into flexography, rotogravure, offset, screen printing and digital. The flexography printing segment is estimated to hold largest market share during forecast period. The flexography can print superior quality images which can withstand extreme weather. The demand for such technology is growing immensely during forecast period.
On the basis of packaging type, the packaging printing market is segmented into corrugated, flexible, folding cartons, labels & tags and others. The labels & tags packaging type is estimated to register growth at highest CAGR during forecast period. The labels and tags are used in almost all packaging variables. Labels are use to display product information, its brand and identification symbols. This drives growth in labels and tags segment during forecast period.
On the basis of application, the packaging printing market is segmented into food & beverages, household & cosmetics, pharmaceutical and others. The food & beverages segment is estimated to hold largest market share during forecast period. The world is shifting towards digital data printing on different type food packages. It helps in communicating shelf-life, nutritional value and composition. The demand for digital data printing is rising in food and beverages industry which drives growth in this segment during forecast period.
Asia-Pacific region is projected to account for highest market share during forecast period. The demand and adoption of packaging printing is increasing in this region. Various industries are establishing in this region which use such type of packaging for their products. The manufacturers are developing low cost packaging printing options for end-users. The packaging printing market is estimated to grow at highest CAGR in India and China during forecast period. This drives growth in Asia-Pacific region during forecast period.
The key market players in packaging printing market are Mondi Plc., Graphics Packaging Holding Company, Sonoco Products Company, Quad Graphics, Amcor Ltd., Constantia Flexibles, Quantum Print & Packaging Ltd., WS Packaging Group, Toppan Printing Company, Duncan Printing Group, Belmont Packaging, Shree Arun Packagng, Coveris, Rotostampa SRL and Flexo print GmbH.
- What are the expected industry trends over the next three to five years?
- Which of the packaging printing technology is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?