Packaging Printing Market Forecasts to 2028 – Global Analysis By Type (Labels, Flexible, Folding Cartons, Corrugated, Plastics, Metal, Paper & Paperboard and Other Types), Printing Ink, Printing Technology, Application and By Geography

Packaging Printing Market Forecasts to 2028 – Global Analysis By Type (Labels, Flexible, Folding Cartons, Corrugated, Plastics, Metal, Paper & Paperboard and Other Types), Printing Ink, Printing Technology, Application and By Geography

According tStratistics MRC, the Global Packaging Printing Market is accounted for $373.9 billion in 2022 and is expected treach $536.4 billion by 2028 growing at a CAGR of 6.1% during the forecast period. The technology utilised for product protection during distribution and storage is called packaging. A label including a pictorial, textual, and electronic representation of the item is called a package printing label. Moreover, printing for packaging is utilised in a variety of packaging procedures. Depending on the need, packing inks are applied tvarious surfaces using various procedures. Among these important substrates are paper, metal, and plastic.

According ta food company, Nestle India, the Indian packaged food market is expected tdouble up t$70 billion in the coming years. According tJust Eat Takeaway.com, a Dutch online platform specializing in online food ordering and home delivery, in 2021, Just Eat Takeaway.com received approximately 1.09 billion orders, a significant increase compared tthe previous year when the company counted 588 million.

Market Dynamics:

Driver:

Technological advancements

The development of package printing technique has been significantly influenced by technology. Production cost reduction is a top priority for manufacturers, whare searching for high-quality packaging and printing solutions. Demands for highly competitive, economical, and aesthetically pleasing packaging solutions are increasing. These requirements have forced suppliers tdevelop their product offerings by utilising new technologies, which is expanding the market growth.

Restraint:

Demand for high initial capital expenditures

Establishing manufacturing and printing facilities necessitates a significant initial capital expenditure. Plant setup and the purchase of printing machinery involve investment. When compared tthe conventional procedure, new emerging technologies in printing equipment are more expensive. Rapid increase in the adoption of advanced technologies requires a high amount of investment tadopt those technologies that restrains the market growth.

Opportunity:

Increasing demand for innovative printing

The market for packaging printing is alsbeing driven by the demand for printing innovation. Printing innovation has led tthe utilisation of processes like digital printing and three-dimensional printing. The processes necessary for traditional printing technology are removed when printing is used. It alshelps tproduce uniform printing, decrease waste, and make printers cheaper for lower volume printing, all of which are factors driving market growth.

Threat:

Packaging and printing regulations

Regulations governing packaging and printing make sure that printing procedures are carried out in a way that has a minimal negative impact on the environment. The emissions of volatile organic compounds are kept under control by strict printing restrictions. Moreover, the rules guarantee chemical control in printing. Rising concerns regarding the negative effects of the plastic and chemicals on the environment hinder the growth of the market.

Covid-19 Impact

The COVID-19 pandemic has had a moderate impact the packaging printing business. The pandemic led ta disruption in the supply chain, leading ta decrease in demand for packaging printing services. Manufacturers had tface production issues as volume reduced due tdecline in demand for packaging solutions. The pandemic resulted in a decrease n number of trade shows and exhibitions which adversely impacted the demand for packaging printing services.

The digital printing segment is expected tbe the largest during the forecast period

The digital printing segment is estimated thave a lucrative growth, due tlow-cost printing technology coupled with aesthetic visual graphics. Digital printing can be an inexpensive and ecologically responsible solution in addition timproving the colour accuracy and quality of the final printed design. Also, because pre-press procedures are not necessary with digital printing, there is a significant reduction in the environmental effect.

The oil-based ink segment is expected thave the highest CAGR during the forecast period

The oil-based ink segment is anticipated twitness the fastest CAGR growth during the forecast period, due tits high optical density that ensures high quality in printing. Oil-based ink contains high-absorbent pigments that work on every type of porous substrates. Increasing demand for flexible packaging leads traising the demand for oil-based ink, which driving the growth of the market.

Region with Largest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tincreasing consumer spending and rising demand for sustainable products. The packaging industry is propelled by the growing increase of nuclear families, new packaging material and increasing customer comfort needs. The growth of the packaging printing market in this region is driven by factors such as growth in demand for sustainable printing, cost-effectiveness, and reduced packaging waste.

Region with highest CAGR:

North America is projected thave the highest CAGR over the forecast period, owing tthe increasing demand for consumer-packaged goods. Technological advancements and the wide adoption of advanced technologies in various packaging applications further expands the regional market growth. Furthermore, advancements in metal printing have fuelled the regional growth.

Key players in the market

Some of the key players profiled in the Packaging Printing Market include Constantia Flexibles GmbH, Amcor, Graphics Packaging Holding Company, Quantum Print and Packaging Ltd., SonocProducts Company, Duncan Printing Group, Toppan Printing Co., Ltd., Belmont Packaging, Paramount packaging Ltd., Shree Arun Packaging Co. (SAPCO), WS Packaging Group, Inc., Sealed Air Corporation, Mondi Plc, Eastman Kodak Company, Graphics Inc., Canon, Inc., HP Inc. and Xerox Corporation.

Key Developments:

In May 2022, Mondi invested EUR 125 million in the Kuopimill in Finland. Following Mondi's MAP2030 sustainability objectives, the major capex project will boost production capacity, strengthen competitiveness, improve safety, and help the local environment.

In November 2021, Graphic Packaging Holding Company, a US-based manufacturer of packaging products acquired AR Packaging Group AB for an undisclosed amount. This acquisition accelerates Graphic Packaging’s growing position in serving consumer packaged goods companies around the world with sustainable fiber-based packaging alternatives.

In July 2021 Mondi announced the expansion of its Color Copy original flagship range with extra-long digital formats tmeet the growing demand for digitally printed applications. Color Copy original ELDFs are compatible with all major printing machine manufacturers, e.g., Konica Minolta, Ricoh, Xerox, Canon, and others.

Types Covered:
• Labels
• Flexible
• Folding Cartons
• Corrugated
• Plastics
• Metal
• Paper & Paperboard
• Other Types

Printing Inks Covered:
• Solvent-Based Ink
• Dye Sublimation Inks
• Latex Ink
• UV-Curable Ink
• Aqueous Ink
• Oil-Based Ink
• Natural-Based Colored Ink
• Other Printing Inks

Printing Technologies Covered:
• Digital Printing
• Offset
• Flexography
• Gravure
• Screen Printing
• Other Printing Technologies

Applications Covered:
• Pharmaceutical Products
• Food & Beverage
• Personal Care
• Adhesives and Sealants
• Home Care
• Cosmetic Products
• Automotive
• Electronics
• Chemical & Fertilizer

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements