Impact of COVID-19 on Economy, Industry and Company :
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The Demand For Pre Press Packaging Market Was Estimated to reach market value of US$ 3.4 Bn by 2019, witnessing a CAGR Of 4.1% During The Forecast Period (2020-2028).
Pre-press is widely used in printing and packaging industry for artwork, digital proofing, consultation and other services. High growth of digital printing market and rapid adoption of advanced technologies are expected to boost the growth. Moreover, pre press for technology offers high quality of lithographic and prints. Various manufacturers are focusing on key strategies such as launch of new products. For instance, Quint Company, a producer of Flexographic Photopolymer printing plates, has introduced digital plates that offer benefits over conventional plates.
Service providers are inclined towards printing technologies to attract flexible and rigid packaging manufacturers. In addition to this, consumers are inclined towards folding cartons, which are mainly printed from digital printers. End users prefer digital printed cartons that can be used in various end use applications such as food packaging, pharmaceuticals, automobiles, electronics goods, etc. Digital printing technology is preferred owing to its capability of printing on various substrates. Substrate printing on wood, glass, aluminium etc will create an opportunity for pre-press for packaging options in the future. This is also preferred as it can also print on various substrates. High trend of substrate printing on glass, aluminum, wood etc will create an opportunity for pre-press in future.
On the Basis of Printing Type, Flexographic Printing Accounted for a Significant Share in 2019
Flexographic printing is gaining traction owing to evolving consumer preference and it is also considered as an ideal alternative. Companies in the market are also adopting flexographic printing to sustain in the market. Moreover, flexographic printing offers various benefits over other alternatives such as options of printing on diverse type of substrates/materials such as metallic films, plastic, paper and others. As part of their initiatives, companies are leveraging various branding strategies to sustain in the market.
On the Basis of Service, Color Management Is Expected to Gain Traction
Color management accounted for a significant share of XX% in 2019 and is expected to remain dominant.
Color management to remain lucrative for the market. Quality control checks and proofing are vital services offered in the market. Brand owners and companies are focusing on color management and services to obtain printing results to attract customers.
The Market of Asia-Pacific Is Predicted to Gain A Lucrative Growth in during the Forecast Period
Countries such as China, India and other ASEAN regions account for the second largest share of the pre-press in 2019. This demand is attributed to increasing population that leads to high demand for flexible packaging. Apart from this, U.S. comprises of 30% of the pre-press packaging owing to increasing technological developments in packaging and print industries in the region.
Pre-press for packaging market is highly fragmented. Key providers in the pre-press for packaging market are adopting key strategies such as acquisitions, mergers. Companies are adopting various strategies to sustain in the market. Players in the market are Wipak Ltd., Oji Fibre Solutions., Oji Fibre Solutions., Huhtamäki Oyj, SPGPrints Group, Emmerson Packaging, P. R. Packagings Ltd., Sonoco-Trident, P. R. Packagings Ltd.
Pre Press for Packaging Market Segmentation:
Pre Press for Packaging Market by Technology:
- Flexographic Printing
- Offset Printing
- Digital Printing
- Others (Lithography, Gravure)
Pre Press for Packaging Market by Service Type:
- Color Management
- Artwork & Consultancy
- Digital Proofing
Pre Press for Packaging Market by Application Type:
- Rigid Packaging
- Corrugated Boxes
- Flexible Packaging
Pre Press for Packaging Market by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa