Global Packaging Printing Market

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

Report ID: SQMIG15H2052 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

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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 key factors driving competition in the packaging printing market is the increasing demand for attractive and informative packaging. Companies are continuously striving to offer high-quality and visually appealing printing solutions to enhance the shelf appeal of products and attract consumers. The ability to provide vibrant colours, intricate designs, and high-resolution printing capabilities has become a crucial aspect for gaining a competitive edge in the market. 'Amcor (Australia)', 'WestRock (US)', 'International Paper (US)', 'Mondi Group (Austria)', 'DS Smith (UK)', 'Smurfit Kappa Group (Ireland)', 'Huhtamaki Oyj (Finland)', 'Sonoco Products Company (US)', 'Graphic Packaging International (US)', 'Tetra Pak (Switzerland)', 'Constantia Flexibles Group (Austria)', 'Sealed Air Corporation (US)', 'Uflex Limited (India)', 'Rengo Co., Ltd. (Japan)', 'Toyo Seikan Group Holdings, Ltd. (Japan)', 'Amcor Flexibles (Switzerland)', 'Coveris Holdings S.A. (US)', 'O-I Glass, Inc. (US)', 'Essel Propack Ltd. (India)', 'Multi Packaging Solutions International Limited (US)'

Packaging printing plays a crucial role in building brands and executing effective marketing strategies. It serves as a medium for conveying brand messages, product information, and visual appeal. As businesses prioritise marketing and brand promotion, the demand for high-quality packaging printing rises, driving market growth.

Increasing Demand for Sustainable and Eco-friendly Packaging Solutions: As environmental concerns gain prominence, consumers and regulatory bodies are placing greater emphasis on reducing the environmental impact of packaging materials and printing processes. This trend has led to a shift towards using recyclable, biodegradable, and compostable packaging materials, as well as the adoption of eco-friendly printing technologies and inks. Packaging printers are increasingly investing in sustainable practices, such as water-based inks, energy-efficient printing processes, and the use of renewable materials.

Asia Pacific emerged as the dominant region in the packaging printing market due to several factors. The region's strong manufacturing base, coupled with its large population and rising disposable incomes, has led to increased demand for packaged goods. Countries like China, India, and Japan are major contributors to the packaging industry in the region. The growth of e-commerce, retail, and food and beverage sectors in Asia Pacific has further fueled the demand for packaging printing solutions. Additionally, technological advancements, government initiatives to attract investments, and a favourable business environment have contributed to the dominance of Asia Pacific in the market.

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