Packaging Printing Market To Be Valued At US$508.51 Billion By 2030, Recording A Compound Annual Growth Rate Of 7.89%

NEW YORK, November 22, 2021 (GLOBE NEWSWIRE) – Packaging printing market overview: According to a comprehensive research report by Market Research Future (MRFR), Packaging printing market Research report, printing technology, application and region – outlook to 2030″And The market size is expected to reach US$508.51 billion by 2030, registering a compound annual growth rate of 7.89% during the forecast period (2022 to 2030), and the market was estimated to be worth US$364.45 billion in 2021.

List of companies described in the Printing and Packaging market research report is-

  • Packaging Group AB

  • Amcor Ltd.

  • DS Smith Packaging Co., Ltd.

  • Belmont Packaging

  • Duncan Printing Group

  • EI Du Pont Nemours and Company

  • Canon Company

  • Dunmore

  • Eastman Kodak Corporation

  • Xeikon NV

  • Edelmann Packaging México SA De CV

  • Xerox Corporation

  • Among other things.

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Future market research review on packaging printing market

The global packaging printing market is constantly growing. Increasing adoption of digital finishing systems and increasing pressure to achieve sustainability goals and improve overall productivity are major driving forces. Besides, the increasing uses and demand of packaging printing technologies and sustainable printing solutions are driving the growth of the market.

With the increasing government initiatives to promote sustainability and eco-friendly packaging printing solutions, the market is expected to gain significant momentum over the next few years.

Rapid urbanization and economic growth across the world, along with the changing lifestyles of consumers, is driving the market value up further. In addition, significant advances in packaging printing technology led by increased funding for research and development and initiatives by the public and private sectors have driven market value.

He spurred the upsurge in the packaging sector and over the past few years, the size of the market has been indicative of the size of the market. Companies also look at packaging as a means of advertising and marketing their brand, which in turn allows the market to gain significant profits.

Browse In-Depth Market Research Report (188 Pages) about Packaging Printing

Global Packaging Printing Market – Segmentation

The market is segmented into packaging type, printing technology, materials, inks type, application, and regions. The packing type section is divided into flexible, rigid and other packing. The printing technology sector is divided into screen printing, flexography, offset, gravure, digital, and others. The material part is divided into paper and paperboard, labels, plastic, glass, metal, and others.

The type of ink piece is divided into solvent-based ink, water-based ink, UV curable ink, dye-sublimation ink, latex ink and others (water-based ink and hot-melt inks). The application section is divided into adhesive, food and beverage, personal care, pharmaceutical, and others. The region segment is divided into Europe, the Americas, Asia Pacific, the Middle East, Africa and the rest of the world.

Packaging Printing Market Regional Analysis

APAC dominates the global package printing market, accounting for a large market share. Factors such as the increasing demand for innovative packaging solutions, such as pouches and shrink bags, and the increasing adoption of high-quality packaging materials for brand protection are driving the growth of the market. Besides, the growing pressure for sustainability in packaging materials is boosting the market size.

Increasing pressure to achieve sustainability goals and improve overall productivity is boosting market shares in the region. Moreover, the increasing adoption of digital finishing systems in the region is driving up the market value. China and India have significant shares in the APAC film printing market.

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Global Packaging Printing Market – Competitive Landscape

With so many well-established players, the global package printing market appears to be highly competitive. Established players are integrating acquisition, collaboration, partnership, expansion and technology release to gain a greater competitive advantage in this market. Huge investments are being made to drive research and development activities and expansion plans.

Industry / innovation / related news

November 16, 2021 HP showcased its expanded partner software, ecosystem, and innovative additive mass production applications developed through its Multi Jet Fusion and Metal Jet 3D printing platforms at Formnext 2021, the world’s largest additive manufacturing event.

HP also announced its collaboration with L’Oréal, the world’s largest cosmetics company, to expand the manufacturing of industrial additives (AM) to meet the growing demand for mass customization and more flexible 3D production across industries. HP also announced its plans to expand its Digital Manufacturing Network (DMN) of parts suppliers to explore completely new cosmetic packaging applications and applications.

Market segmentation covered by the research:

Packaging Printing Market Information Report By Printing Technology (Flexible Printing, Gravure, Digital), By Application (Food & Beverage, Personal Care, Pharmaceutical, etc.), By Region – Global Outlook to 2030

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