InsightAce Analytics Pvt. Ltd. releases a new market report for the “Global Packaging Printing Market Size, Share & Trends Analysis Report By Type (Corrugated, Flexible, Folding Cartons, Labels & Tags), Printing Technology (Flexography, Gravure, Offset, Screen Printing, And Digital), Printing Ink (Solvent-Based, UV-Based, Aqueous), And Application (Food & Beverage, Household & Cosmetics, Pharmaceutical)- Market Outlook And Industry Analysis 2031″
Global packaging printing is expected to exceed USD 502,36 billion in 2031. This market will grow at a rate of CAGR 4.71% over the period.
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It is possible to print with digital packaging using laser or inkjet technology. The technology is perfect for small and medium-sized files, in many formats. Laser printer packaging can create new designs with a wide range of colors. With digital packaging printing, you can efficiently print promotions on your packaging. The benefits of digital printing are gaining in popularity with consumers. Digital printing has seen a boom in the packaging industry due to soaring demands for flexible packaging. Recent advancements in the digital printing industry have increased the range of packaging options, including flexible packaging, corrugated wraps and folding cartons. Due to the demand for products, manufacturers have expanded their production, contributing to market growth.
The Packaging Printing Industry: List of Major Players
- Amcor Limited
- Canon, Inc.
- Constantia Flexibles GMBH
- Duncan Printing Group
- Dunmore
- Eastman Kodak Company
- Graphics Inc.
- Graphics Packaging Holding Company
- HP Inc.
- Kido Packaging Corporation
- Mondi Group
- Quad/Graphics, Inc.
- Quantum Print and Packaging Ltd.
- Sonoco Products Company
- Toppan Printing Co. Ltd.
- WS Packaging Group, Inc.
- Xeikon N.V.
- Xerox Corporation
Market Dynamics
Drivers-
The market is expected to expand due to technological advancements and the increased demand for packaging that is creative, owing to intense competition and brand recognition. Market growth is predicted to be driven by the increasing demand for innovative packaging in end-users such as cosmetics, food and beverage. Digitally printed packaging is driven by the growth of packaging printing, aesthetics, differentiation and technology improvements. Installation of production equipment and printing requires a large initial investment. Additional investments may be required to establish manufacturing or purchase a printing presses. The demand for cost-effective printing technology that is innovative and eco-friendly continues to grow.
Challenges:
The high capital costs of packaging printing are expected to slow down the industry’s expansion due to rubber plates being used in the printing plates, and the fact that they cannot be applied to heavy items. The initial capital expenditure required for installing production and printing machinery is high.
The Regional Trends
The Asia Pacific Packaging Printing Market is forecast to grow at a CAGR of over 5% in the next few years. Asia-Pacific’s package printing market is mostly driven by the rising cost of living and demand for more environmentally-friendly products. A rise in the consumption of processed foods is driving market growth. The development of packaging printing technology can be seen as another driving force for market growth. The pharmaceutical industry is expanding and there’s a growing need for packaging that can be easily handled. In Europe, packaging sectors like corrugated papers, flexible packaging, and folded cartons have experienced rapid growth. The development of metal printing also encouraged the expansion of regional markets. Leading players in digital packaging printing in Germany and the UK are increasing their networks.
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Recently Developed:
• In September 2022, AutajonGroup recently announced the addition of ZappPackaging from California to its Packaging Division. The acquisition will help the company’s activities in the United States, particularly in California.
Market segmentation in Packaging Printing
You can search for Types of Vehicles
- Corrugated
- You can also use flexible payment methods
- Folding Cartons
- Label & Tags
- Other
Through Printing Technology
- Flexography
- Gravure
- Offset
- Screen printing
- Digital
Printing ink
- Solvent-based
- UV-based
- Aqueous
- Other
Use the Application
- Food & Beverages
- Household & cosmetics
- Pharmaceuticals
- Other
According to Region
North America
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Asia Pacific
Latin America
- Brazil
- Argentina
- The Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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