Packaging Printing Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Packaging Printing Market is expected to reach USD 507.10 billion after five years, witnessing a compound annual growth rate (CAGR) of 7.61%. The technological advancements, coupled with demand for creative packaging, driven by intense competition and brand awareness, are expected to aid the growth of the market. The growing demand for innovative packaging from end-user segments, such as food, beverage, and cosmetics, among others, is expected to lead to the expansion of the market studied.
Key HighlightsThe competitive rivalry in the packaging printing market is high, owing to the presence of some key players, such as Mondi PLC, Ahlstrom-Munksjö Oyj, Autajon CS, Huhtamaki Flexible Packaging (Huhtamaki Oyj), and Avery Dennison Corporation, among others. Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. Through strategic partnerships, R&D, and mergers and acquisitions, the players have been able to gain a greater footprint in the market.
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