"Overview of Packaging Printing Market"
Global Packaging Printing Market Was Valued US$ XX Mn in 2018 and It Is Projected To Reach Approximately US$ 540 Bn, Witnessing A CAGR Of 4.8% Over the Forecast Period (2019-2027)
Packaging printing offers benefits such as improved aesthetic appeal, protection from counterfeit. These benefits offered by packaging printing are expected to support the growth of the packaging printing market across the globe. Increasing demand from various industries and rapid industrialization are among the prime factors that are driving the market growth of global packaging printing market. There are various unexplored and untapped opportunities in emerging economies such as Brazil, China, India, and Argentina. Various types of technologies and inks have been introduced for packaging printing that supports more new product launches and features in the market. The rapid growth of various end-use industries in countries across the globe is also driving the growth of global packaging printing market. The rapidly growing packaging industry is driving the market growth of the packaging printing market. Increased disposable income and higher spending power of consumers are also the factors contributing to the growth.
Labels and Tags Segment Had Accounted For Significant Market Value Share of XX% in Global Packaging Printing Market In 2018
Labels and tags segment is expected to hold the majority of the market value share of the global packaging printing market during the forecast period. The segment is projected to show lucrative growth owing to the fact that the tags and labels are used in almost all types of packaging variables. Labels and tags are widely used as it shows a lot of information such as brand identification symbols, product information, and transportation details at the time of shipping. The information displayed on the product is essential for brand recognition and awareness. All these factors together are contributing for the market growth for the labels and tags segment over the forecast period.
By Printing Technology, Flexography Printing Segment Is Expected To Account for Majority of Share of Global Packaging Printing Market
Flexography printing segment is projected to dominate the global packaging printing market in terms of value during the forecast period. The flexography printing technology is widely used because of its various features such as the ability to withstand the extreme weather conditions and the superior quality of printing. The lifespan of the flexography printing is higher as compared to other technologies. This printing technology is reliable than other types of printing technologies. All these factors are propelling the market growth for the flexography segment. In terms of growth rate, the digital printing segment is projected to show lucrative growth over the forecast period.
By Application, Food and Beverages Segment Is Expected To Account for Majority of Share of Global Packaging Printing Market
The food and beverage segment is projected to remain the prominent segment of the global packaging printing market over the forecast period. The growth in the food and beverage segment is primarily driven by digital data printing and increasing demand for the food packaging. As the food and beverage segment is rapidly expanding, the application of packaging printing is also simultaneously increasing. The segment is projected to show lucrative growth over the forecast period.
Asia Pacific Region Account for Significant Market Value Share of XX% in Global Packaging Printing Market In 2018
Asia Pacific region is expected to dominate the global packaging printing market over the forecast period followed by the North America and Europe regions. The primary factor which is driving the market growth is manufacturing of packaging printing options at a lower cost. The demand for packaging printing is also increasing rapidly with the rapid growth in population and disposable income from developing economies. The rapid growth in end-use industries in various countries of Asia Pacific region is driving the market growth. Asia Pacific market is driven by emerging economies like India and China.
Key players of the global packaging printing market are Mondi plc, Graphics Packaging Holding Company, Sonoco Products Company, Duncan Printing group, Amcor Limited, Quad/Graphics, Quantum Print and Packaging Limited, Constantia flexible, Toppan Printing Company, WS Packaging Group, and others.
By Packaging type:
- Folding cartons
- Labels & tags
- Others (wood and textile & fabric)
By Printing technology:
- Screen printing
By Printing ink:
- Others (latex and dye-sublimation inks)
- Food & beverages
- Household & cosmetics
- Others (automotive and electronics)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America