Global Packaging Printing Market was valued at US$ 400.02Bn in 2019 and is expected to reach US$ 600.50Bn by 2026, at a CAGR of 5.21% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Packaging Printing Market Dynamics
Growth in demand for ecological printing and flexible packaging, cost-effectiveness, and reduced packaging waste drives the global packaging printing market. Development of the healthcare industry and the ease to use convenient packaging are other factors that boost the packaging printing market growth.
The increasing requirement of effective and low-cost printing technology coupled with aesthetic visual graphics are also driving the demand for digital printing technology for the packaging market.
High capital investment owing to the complexity of rubber plates in printing machines, and its unsuitability for heavy items is expected to restrain the market growth.
Global Packaging Printing Market Segment Analysis
Digital printing technology is expected to grow at a highest rate of CAGR during the forecast period. Digital printing is transmuting packaging by providing custom deviations that give products on-shelf differences. Packaging substrates like cartons, labels, and corrugated boxes are offering eye-catching commercialization, which will positively influence the consumer. Custom caps that open up, colorful choices for brand owners are positively impacting the consumers and is becoming a trend in the digital printing packaging market. Digital printing helps to cover the entire information and providing better quality prints than other conventional techniques. These factors increase the fame of digital printing packaging, which eventually fuels the growth of the market.
The food & beverages segment is estimated to lead the global packaging market. Increasing demand for the packaged and branded products are driving the growth in the packaging market. An upsurge in demand for product differentiation and labeling for product authentication drives the market growth for printing in the food & beverage packaging segment.
The label’s segment is expected to hold a large market share in the global packaging market. The growth can be accredited to its numerous application such as displaying sequential barcodes and numbering, variable text, titles, or graphics and add substantial value to the product. The label helps to give the details of the products such as manufacturing date, expiry dates, and ingredients of the product.
Global Packaging Printing Market Regional Insights
The report provides a detailed overview of the global packaging printing market including regional analysis information.
Geographically, Asia Pacific is expected to hold significant market growth in the global packaging printing market. The growth can be attributed to the growing healthcare and food & beverage industries. The developing economies such as India and China have a large consumer base, an overall positive economic environment, and a large manufacturing industry infrastructure will drive demand in the packaging industry.
The report gives a clear representation of the current market scenario of the global packaging printing market, which includes projected market size in terms of value and volume, pestle analysis, porter’s analysis factors in the market.
Global Packaging Printing Market, Key Highlights:
• Global Packaging Printing Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Packaging Printing Market
• Global Packaging Printing Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Packaging Printing Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Packaging Printing Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Packaging Printing Market are also profiled.
Scope of the Report for Global Packaging Printing Market:Inquire before buying
Global Packaging Printing Market, by Printing Ink
Global Packaging Printing Market, by Printing Technology
• Flexography printing
• Rotogravure printing
• Offset printing
• Digital printing
• Screen Printing
Global Packaging Printing Market, by Material
• Paper & paperboard
Global Packaging Printing Market, by Application
• Food & beverage
• Household & cosmetic products
Global Packaging Printing Market, by Geography
• North America
• Middle East & Africa
• South America
Global Packaging Printing Market Key Players
• HP Inc. Xerox Corporation
• Toppan Printing co, Ltd.
• Quad/Graphics Inc.
• Mondi plc
• Du Pont De Nemours and Company
• Kodak Co
• Duncan Printing Group
• PRINTING United Alliance
• Xeikon N.V.
• Graphics Inc.
• Amcor Limited
• Quantum Print and Packaging Limited
• Eastman Kodak Company
• Traco Manufacturing, Inc.
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