The packaging
industry printing provides the quality, efficiency, and innovation
that the packaging industry demands. Various types of inks and
different types of technologies are used in printing packaging.
Flexographic, rotogravure, offset, and digital are the popular kinds
of technologies used for printing in the Packaging
Printing
Market.
Flexographic is a form of relief printing where ink is applied to a
plate on which the printing image is raised above the surface.
Another popular printing technology, rotogravure, is an intaglio
process in which a negative image is etched into the surface of the
printing cylinder. The digital printing technique is the fastest
growing technique in the global packaging printing market currently.
Packaging printing is used in different packaging processes, such as
flexible packaging, paper and paperboard, rigid plastic, glass,
metal, and others. The food & beverages industry, cosmetics and
toiletries, healthcare, and other industries
(such as adhesives &
sealants) are the end use industries of the packaging printing
market. The global printing packaging industry has witnessed a rapid
growth and is expected to expand at a moderate growth rate over the
forecast period. The Asia Pacific packaging printing market is
currently the most dominating packaging market, driven by the rising
consumer spending and increasing demand for sustainable products in
the region. The Asia Pacific market is projected to expand at the
highest CAGR over the forecast period. Europe and North America are
the most mature markets for packaging printing currently.
The packaging
printing market is projected to grow in parallel with the packaging
industry. The packaging industry is driven by the increasing trend of
nuclear households, new packaging material development, increasing
requirement for convenience among consumers, and ageing of
population. Factors such as rising per capita income and increasing
demand for innovative packaging printing are expected to propel
growth of the packaging printing market in the coming years. Economic
development adding new consumers in various countries is playing a
crucial role in driving growth of the global packaging printing
market.
The packaging
printing market is segmented on the basis of technology, application,
type of inks and, type of packaging. On the basis of printing
technology, the global packaging printing market is classified into
flexographic, rotogravure, offset, and digital. The market is
segmented on the basis of the type of ink into water based, solvent
based, and UV curable ink. On the basis of application, the packaging
printing market is segmented into food & beverage industry,
cosmetics and toiletries, healthcare, and other industries such as
adhesives & sealants. The food & beverages segment accounts
for the largest share of the printing packaging market, by
application. The market is further segmented on the basis of
packaging type into flexible packaging, rigid packaging, paper and
paperboard packaging, glass, metal, and others.
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Based on geography,
the packaging printing market is segmented into seven regions,
including North America, Europe, Asia Pacific (APAC), the Middle East
and Africa (MEA), and Latin America. The global packaging printing
market is expected to expand at a moderate single digit CAGR. Market
in Europe and North America is saturated in view of the highest
disposable income in these regions. Currently, the Asia Pacific
packaging printing market is the most dominating market, accounting
for the largest share of the global packaging printing market,
followed by North America. The Asia Pacific packaging printing market
is projected to expand at the highest CAGR over the forecast period.
E. I. du Pont de
Nemours and Company and Paramount packaging Ltd. are among the key
players in the global packaging printing market currently.
The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
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