Packaging Printing Market Size, Share and Trends Analysis Report 2023-2030 – Site Title
InsightAce Analytics Pvt. Ltd. has released a market report assessing 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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Digital printing packaging uses laser and inkjet printing devices that are electronically controlled. This is an ideal solution for small to medium files in various formats. With laser packaging technology, you can create new designs with a wide range of colors. Digital printing technology can be used to print promotional offers on packaging. The benefits of digital printing are gaining in popularity with consumers.
The digital packaging market has been fueled by the soaring demand for flexible packaging, as well as an increase in demand for eco-friendly printing. Digital printing has expanded the use of flexible packaging as well as corrugated wraps and folding cartons. Due to strong demand from manufacturers, they have increased their production, which has supported market growth.
List of Major Players in 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, desire for 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:
The high capital costs of packaging printing are expected to slow down the industry’s expansion due to rubber plate fixation on printing plates, and the fact that they cannot be used for heavy items. 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.
Trends in the Region:
The Asia Pacific Packaging Printing Market is expected to grow at a rapid CAGR and will have a large market share. In the Asia-Pacific, package printing is driven mainly by consumer spending and an increasing demand for environmentally-friendly products. A rise in the consumption of processed food is driving growth.
Packaging printing technologies are also a major driving force behind market growth. This market is predicted to grow due to the growing pharmaceutical industry and the need for easier packaging. 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. Leading players in the digital packaging printing industry in Germany and the UK are expanding their networks.
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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
- You can also find out more about Other
Printing Technology
- Flexography
- Gravure
- Offset
- Screen Printing
- Digital
Printing Ink
- Solvent-based
- UV-based
- Aqueous
- You can also find out more about Other
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- Food & Beverages
- Household & cosmetics
- Pharmaceuticals
- You can also find out more about 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 & Africa
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