InsightAce Analytics Pvt. Ltd. announces that a report on market assessment has been released. “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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It is a printing technique that utilizes laser and Inkjet printers controlled electronically. This is the perfect solution for small to medium files in various formats. Laser printer packaging technology allows for the creation of new designs in different colors.
Digital printing technology can be used to print promotional offers on 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. Digital printing has expanded the use of flexible packaging as well as corrugated wraps and folding cartons. Many manufacturers have increased production lines to support market growth due to the high demand.
List of prominent players in the 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-
Market expansion is likely to be driven by technological developments, as well as increased demand for packaging that is creative due to intense competition and brand recognition. The market is expected grow due to the growing demand for packaging innovation from various end-users such as food, drink, cosmetics and others. The packaging printing industry is expected to grow.
The desire for aesthetics and product differentiation as well as technological improvements are among the market drivers of digitally printed packages. 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. Printing technologies that are innovative, cost-effective and environmentally friendly are in high demand.
Challenges:
High initial capital expenditures are expected to hinder the growth of the packaging print industry due to the rubber plates used in printing and their inapplicability to heavy goods. 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
The Asia Pacific Packaging Printing Market is projected to grow at a CAGR of over 5% in the near term. Asia-Pacific’s package printing industry is primarily driven mainly by the rising consumer spending, and demand for eco-friendly products.
A rise in the consumption of processed foods is driving market growth. The development of packaging printing technology can also be seen as a driver in the market’s growth.
The pharmaceutical industry is expanding and there is a growing need for packaging that’s easy. The packaging industries such as corrugated cardboard, flexible packaging, and folded cartons have experienced rapid growth in Europe. Moreover, metal printing has encouraged regional expansion.
In the UK and Germany, leading players in the digital packaging printing industry are expanding by expanding their network.
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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
- Other
By Printing Technology
- Flexography
- Gravure
- Offset
- Screen Printing
- Digital
Printing Ink
- Solvent-based
- UV-based
- Aqueous
- Other
By Application
- Food & Beverages
- Household & cosmetics
- Pharmaceuticals
- 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 and Africa
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