Packaging Printing Market Information Report by Printing Technology (Flexography, Gravure, and Digital), by Application (Food & Beverage, Personal Care, Pharmaceutical, and others), and by Region - Global Forecast to 2030
New York, United States - January 20, 2022 /MarketersMedia/ —
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 - Forecast till 2030”, the market is projected to be worth USD 508.51 billion by 2030, registering a CAGR of 7.89% during the forecast period (2022 to 2030), the market was valued at USD 364.45 billion in 2021.
List of the companies profiled in the packaging printing market research report are-
AR Packaging Group AB
Amcor Limited
DS Smith Packaging Limited
Belmont Packaging
Duncan Printing Group
E.I. Du Pont Nemours and Company
Canon Inc.
Dunmore
Eastman Kodak Co.
Xeikon N.V.
Edelmann Packaging México S.A. De CV
Xerox Corporation
Among others.
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Packaging Printing Market – Regional Analysis
APAC dominates the global packaging printing market, accounting for a significant market share. Factors such as the rising demand for innovative packaging solutions, such as pouches and shrink sleeves, and the growing adoption of quality packaging materials for brand protection drive the market growth. Besides, growing pressure to bring sustainability in packaging materials fosters the market size.
Rising pressure to meet sustainability goals and improve overall productivity boosts the region’s market shares. Furthermore, the growing adoption of digital-finishing systems in the region escalates the market value. China and India count for sizable shares in the APAC packaging printing market.
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COVID 19 Analysis:
The global Packaging Printing Market is expected to witness a slight decrease as the government of several countries have imposed stringent regulations due to pandemics. Packaging of the Chemical industry, Automotive, luxury goods has been affected due to the pandemic. This has significantly affected the market in these segments. However, the essential services are allowed to operate to support during the crisis. Hence the packaging of food and beverage, medical aids are permitted to support during the crisis.
The lockdown has created panic among consumers across the globe. People have started to stock their pantries due to the fear of lockdown. People have also started to increase ordering online which has increased the demand for Packaging Printing Market.
Market drivers:
The advent of technologies in the industries has increased production with minimal energy and time. A Company has launched its new plant to serve its diversified clients ranging from FMCA, lubricants, paints, and others. With the help of extrusion blow molding technology, the company was able to drive the production in varied applications including plastic containers, shampoo bottles, toilets, and surface cleaners. Such techniques have increased the market value.
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Market opportunities:
The emergence of smart packaging and smart labels has provoked consumers in purchasing the products. The smart labels and packaging offer the consumers key information regarding the product, which can be viewed with the help of computers or smartphones. This has increased the product value. Such innovations have been considered as opportunities by the manufacturers.
Market restraints:
Some regulations followed by the packaging printing industries with the right intention of counterfeit prevention, child resistance, tamper resistance might end up the packaging non-functional. Consumers might find it difficult to open the packaging. Such factors might change the attitude of the consumer and might decrease the value of the product.
Cumulative growth analysis:
The packaging Printing Market is highly influenced by the packaging and labeling industries. The packaging industry is experiencing strong growth in recent years due to the significant rise in demand for packaged foods and beverages in, FMCG sector. Though the packaging sector had to go through several considerations like sustainability, environmental consideration, recycling regulations, the growth in the technologies has stimulated the growth in the packaging industry. This factor has helped the growth of the Packaging Printing Market.
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Industry/ Innovation/ Related News
Nov.16, 2021 --- HP showcased its expanded partner programs & ecosystem and innovative additive mass production applications developed with its Multi Jet Fusion & 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 scale industrial additive manufacturing (AM) to meet the growing demand for mass personalization and more agile 3D production across industries. HP also announced its plans to expand its Digital Manufacturing Network (DMN) of parts providers to explore entirely new cosmetics packaging & applications.
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Website: https://www.marketresearchfuture.com/reports/packaging-printing-market-2119
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