InsightAce Analytics Pvt. Ltd. has released a market report on the “Global Packaging Printing Market Size, Share & Trends Analysis Report By Type (Corrugated, Flexible, Folding Cartons, Labels & Tags), Printing Technology (Flexography, Gravure, Offset, Screen Printing, And Digital), Printing Ink (Solvent-Based, UV-Based, Aqueous), And Application (Food & Beverage, Household & Cosmetics, Pharmaceutical)- Market Outlook And Industry Analysis 2031″
The global packaging print market is expected to reach USD 502.36 Billion by 2031. This represents a CAGR (Compound Annual Growth Rate) of 4.71% over the forecast period.
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Digital printing packaging uses laser and inkjet printing devices that are electronically controlled. This is a great option for small to medium files in various formats. With laser packaging technology, you can create new designs with a wide range of colors. With digital packaging printing, you can print promotions on your packaging. Consumers are becoming more familiar with digital printing due to its many benefits. The digital packaging market has been fueled by the growing demand for flexible packaging, as well as an increase in environmentally friendly printing. Recent advancements in digital print technology have increased the range of flexible packaging and corrugated wrappings. Many manufacturers have increased production lines to support market growth due to the high demand.
List of Major Players in Packaging Printing Market
- Amcor Limited
- Canon, Inc.
- Constantia Flexibles GMBH
- Duncan Printing Group
- Dunmore
- Eastman Kodak Company
- Graphics Inc.
- Graphics Packaging Holding Company
- HP Inc.
- Kido Packaging Corporation
- Mondi Group
- Quad/Graphics, Inc.
- Quantum Print and Packaging Ltd.
- Sonoco Products Company
- Toppan Printing Co. Ltd.
- WS Packaging Group, Inc.
- Xeikon N.V.
- Xerox Corporation
Market Dynamics
Drivers-
The market is expected to expand due to technological advancements and the increased demand for creative packaging resulting from fierce competition and brand recognition. Market growth is expected to be driven by the increasing demand for innovative packaging in end-user categories like food, beverages, and cosmetics. The digitally printed package market is driven by growth in the packaging industry, aesthetics and product differentiation as well as technological improvements. The initial cost of installing production and print equipment is high, and the investment required to purchase a printing machine or establish a manufacturing facility will be even higher. The demand for cost-effective printing technologies is increasing.
Challenges:
The high capital costs of packaging printing are expected to slow down the industry’s expansion due to rubber plate fixation on printing plates, and the fact that they cannot be used for heavy items. Installation of production and printing equipment requires a large initial investment. Purchasing a printing press or establishing a manufacturing facility also require a significant amount of capital.
Regional Trends
In the near future, it is predicted that Asia Pacific packaging print market will register a significant market share based on revenue. It is also projected to develop with a high CAGR. The Asia-Pacific package printing industry is driven by the rising consumer spending, and demand for eco-friendly products. A rise in the consumption of processed foods is driving market growth. Market growth can also be driven by the development of new packaging printing technologies. This market is predicted to grow due to the growing pharmaceutical industry and the need for easier packaging. The packaging industries such as corrugated cardboard, flexible packaging, and folded cartons have experienced rapid growth in Europe. The development of metal printing has also encouraged regional expansion. Leading players in the digital packaging printing industry in Germany and the UK are expanding their networks.
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Recent Developments
• In September 2022, AutajonGroup recently announced the addition of ZappPackaging from California to its Packaging Division. The acquisition will help the company’s activities in the United States, particularly in California.
Market Segmentation for Packaging Printing-
Type
- Corrugated
- Flexible
- Folding Cartons
- Label & Tags
- You can also find out more about Other
Printing Technology
- Flexography
- Gravure
- Offset
- Screen Printing
- Digital
Printing Ink
- Solvent-based
- UV-based
- Aqueous
- You can also find out more about Other
By Application
- Food & Beverages
- Household & cosmetics
- Pharmaceuticals
- You can also find out more about Other
By Region
North America
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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