Global Packaging Printing Market to Reach $541.8 Million by 2030
The global market for Packaging Printing estimated at US$394.5 Million in the year 2023, is expected to reach US$541.8 Million by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. Labels & Tags Printing, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$218.4 Million by the end of the analysis period. Growth in the Corrugated Packaging Printing segment is estimated at 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $103.9 Million, While China is Forecast to Grow at 7.4% CAGR
The Packaging Printing market in the U.S. is estimated at US$103.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$121.2 Million by the year 2030 trailing a CAGR of 7.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 3.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$74 Million by the year 2030.
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