The Global Packaging Printing Market Size is valued at 351.90 billion in 2023 and is predicted to reach 509.60 billion by the year 2031 at a 4.77% CAGR during the forecast period for 2024-2031.
Packaging printing is printing packaging materials such as glass, metal, plastic, label, paper, and paperboard, among others, utilizing various printing methods such as rotogravure, flexography, offset lithography, digital printing, and screen printing with multiple ink types. It is utilized in various applications, including food and beverage and pharmaceutical.
The Packaging printing market expansion is enhanced by the rapid emergence of digital print technology that has made the label printing industry more sophisticated and raised the acceptance of digital print labels. Its flexibility, versatility, and high graphical standards are the primary growing features. It is possible to print on metallic films, plastics, cellophane, paper, and corrugated surfaces using the flexographic process.
However, during COVID-19, as compared to other industries, fewer lockdowns were observed in the packaging industry as the packaging, food, beverage, and medical industries were considered essential. Furthermore, the massive demand for staples and medicines was due to panic-driven buying. Several supply chain constraints resulted in a mixed COVID-19 impact on the packaging printing market growth.
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.
Competitive Landscape:
Some of the packaging printing market players are:
- 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 Segmentation:
The Packaging Printing Market is segmented based on type, printing technology, printing ink, and application. Based on type, the market is segmented as corrugated, flexible, folding cartons, labels & tags, and others. The printing technology segment includes flexography, gravure, offset, screen printing, and digital. Printing ink is segmented into solvent-based, UV-based, aqueous, and others. The applications segment includes food & beverage, household & cosmetics, pharmaceutical, and others.
Based On Type, The Labels & Tags Segment Is Accounted As A Significant Contributor In The Packaging Printing Market
The labels & tags category is expected to hold a substantial share of the global packaging printing market in 2024. The rapid rise of digital print technology has aided the label market's growth by making the label printing market more sophisticated and increasing label usage. Its adaptability and versatility, as well as its high graphic standards, are key growth factors. Printing on metallic films, plastics, cellophane, paper, and corrugated surfaces is possible using the flexographic method.
The Food & Beverage Segment Has Witnessed Growth At A Rapid Rate
The food & beverage segment is projected to grow rapidly in the global packaging printing market. The demand for printing in food packaging is expanding due to rising consumer demand for packaged products as eating habits change, and altering lifestyles may significantly impact the market. Because of the high barrier qualities, shelf life, and consumer safety, a rise in per capita disposable income and an increasing population are predicted to boost product demand. Printing on food packaging materials is used to inform and market to consumers. Printings are utilized with many different packaging materials. Direct printing is possible on plastics, paper, board, and cork.
In The Region, Asia Pacific Packaging Printing Market Holds A Significant Revenue Share
Asia Pacific packaging printing market is expected to register the highest market share in terms of revenue in the near future. The Asia-Pacific package printing market encompasses a wide range of printing technologies and applications in a variety of sectors.
Different industries, such as food and beverage, consumer electronics, and so on, have resulted in increasing demand for packaging solutions in nations such as China, India, Japan, and South Korea. Furthermore, the packaging printing market in Europe is driven by factors such as an increased need for sustainable printing, increased demand for flexible packaging, cost-effectiveness, and decreased packaging waste. The expanding healthcare sector and the popularity of simple packaging are driving the package printing industry's growth.
Packaging Printing Market Report Scope
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 351.90 Bn |
|
Revenue forecast in 2031 |
USD 509.60 Bn |
|
Growth rate CAGR |
CAGR of 4.77% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, Volume (Unit) and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Printing Technology, Printing Ink, And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Mondi Plc, Sonoco Products Company, Graphics Packaging Holding Company, Quad/Graphics, Inc., Amcor Limited, Constantia Flexibles GMBH, Quantum Print and Packaging Ltd., WS Packaging Group, Inc., Kido Packaging Corporation, and Toppan Printing Co. Ltd. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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