InsightAce Pvt. Ltd. announces that a report assessing the market for 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″
Global packaging printing market to exceed USD 502,36 billion by 2031. CAGR is 4.71%.
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It is a printing technique that utilizes laser and Inkjet printers controlled electronically. The technology is best suited for files of small to medium size in different formats. Laser printer packaging technology allows for the creation of new designs in different colors. With digital packaging printing, you can print promotions on your packaging. The benefits of digital printing are causing it to be more popular among consumers.
Digital printing packaging has grown due to the growing demand for flexible packages and environmentally friendly printing. Recent advancements in digital print technology have increased the range of flexible packaging and corrugated packaging. 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-
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.
Installation of production and printing equipment requires a large initial investment. Additional investments are needed when purchasing or establishing a printing press. The demand for cost-effective printing technologies is increasing.
Challenges:
High initial capital expenditures are expected to hinder the growth of the packaging print industry due to rubber plates being used in printing and their inapplicability to heavy goods. The initial capital expenditure required to install production and print equipment is substantial. Additional investments are needed when purchasing or setting up a printing presses.
Regional Trends
In the near future, it is predicted that Asia Pacific packaging print market will register a significant market share in revenue terms and develop at a CAGR of over 20%. The Asia-Pacific package printing industry is mainly driven by the rising consumer expenditures and increasing demand for environmental friendly products. The market is growing due to the increase in processed foods consumption.
Packaging printing technology development can also be seen as an important factor in the market’s growth. The pharmaceutical industry is expanding and there is a growing need for packaging that’s easy to use. This market will grow significantly. 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, prominent participants in the packaging digital printing industry are expanding by increasing 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-
By Type
- Corrugated
- Flexible
- Folding Cartons
- Label & Tags
- Other
By printing technology
- Flexography
- Gravure
- Offset
- Screen Printing
- Digital
Ink Printing
- Solvent-based
- UV-based
- Aqueous
- Other
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- 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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