Packaging Printing Market Size, Share, Growth Analysis, By Type(Flexography, Offset lithography), By Application(Food & Beverage, Pharmaceuticals & Healthcare) - Industry Forecast 2024-2031

Packaging Printing Market size was valued at USD 293.2 billion in 2021 and is poised to grow from USD 306.98 billion in 2022 to USD 443.29 billion by 2030, growing at a CAGR of 4.7% in the forecast period (2023-2030).

One of the primary drivers of the packaging printing market is the rising demand for packaged goods across various industries such as food and beverages, pharmaceuticals, cosmetics, and consumer goods. With increasing disposable income and changing consumer preferences, there is a growing need for attractive and informative packaging that can influence purchase decisions. This has propelled the demand for advanced packaging printing technologies. Moreover, the e-commerce sector has witnessed substantial growth in recent years, leading to a surge in demand for efficient packaging solutions. E-commerce companies rely heavily on packaging printing to create visually appealing packaging designs, ensure product safety during transit, and deliver a memorable unboxing experience for customers.

The booming e-commerce industry is fueling the demand for packaging printing globally.Various printing technologies such as flexography, lithography, gravure, digital printing, and screen printing are utilised in packaging printing. Flexography is the most widely used technology due to its cost-effectiveness and versatility across different substrates. The end-use industries driving the packaging printing market include food and beverages, pharmaceuticals, personal care and cosmetics, household products, and others. The food and beverages sector is the largest consumer of packaging printing, as it requires eye-catching designs, product information, and regulatory compliance.

US Packaging Printing Market is poised to grow at a sustainable CAGR for the next forecast year.