Impact of COVID-19 on Economy, Industry and Company :
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in significant demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identify various methodologies which would assist C-Level executive to counter this ongoing threat and make informed business decision.
Kindly contact us to know more details: https://www.bizizzmarketresearch.com/contact
Global Packaging Printing Market Was Valued US$ XX Mn in 2019 and It Is Projected To Reach Approximately US$ 54 Bn, Witnessing A CAGR Of 4.8% Over the Forecast Period (2020-2028)
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 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 pro5duct launches and features in the market. Rapid growth of various end use industries in countries across the globe is also driving the growth of global packaging printing market. Rapidly growing packaging industry is driving the market growth of 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 2019
Labels and tags segment is expected to hold the majority of market value share of 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 the 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 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, 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
Food and beverages segment is projected to remain the prominent segment of global packaging printing market over the forecast period. The growth in food and beverages segment is primarily driven by the digital data printing and increasing demand for the food packaging. As the food and beverages 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 2019
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 lower cost. The demand for the packaging printing is also increasing rapidly with the rapid growth in population and the 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 the emerging economies like India and China.
Key players of 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