Packaging Printing Market 2021 Trends, Size, Segment and Industry Growth by Forecast to 2027
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 2027”, The market
is projected to be worth USD 473.81 billion by 2027, registering a CAGR of
4.70% during the forecast period (2021 - 2027), The market was valued at USD
357.3 billion in 2020.
The packaging printing market outlook appears extremely
positive. The market witnesses a rising preference for environment-friendly
packaging and printing solutions. Demand for eco-friendly packaging printing
solutions allows the market to witness an upward trajectory. As a result, the
demand for packaging printing is expected to remain concentrated during the
upcoming period. Other packaging printing market trends boosting the
market growth include changing consumer lifestyles, rapid urbanization, and
economic growth worldwide.
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Competitive Analysis
Key Companies Profiled in the Packaging Printing Market
Research Report are:
- Amcor
Limited
- AR
Packaging Group AB
- Belmont
Packaging
- DS
Smith Packaging Limited
- Canon
Inc.
- Duncan
Printing Group
- E.I.
Du Pont Nemours and Company
- Dunmore
- Eastman
Kodak Co.
- Xeikon
N.V.
- Edelmann
Packaging México S.A. De C.V.
- Xerox
Corporation
The packaging printing market witnesses several strategic
approaches, such as collaboration, mergers & acquisitions, expansion, and
product/technology launches. Key industry players make strategic investments to
drive research & development activities and expansion plans. With the rising
consumer demand for packaging printing, manufacturers look for new ways to
bring innovative solutions to customers, improving their practices.
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https://www.marketresearchfuture.com/reports/packaging-printing-market-2119
COVID-19 Impact
COVID-19 pandemic has positively impacted the global
packaging printing market, driving the ecommerce sector. The impact of the
pandemic on the packaging printing industry was swift & positive, which is
projected to remain with changes to both supply and demand. On one side,
industry players faced various problems, ranging from obtaining raw materials
to attracting workers and delivering end products during the lockdown.
On the other hand, social distancing mandates promoted
online shopping. Resultantly, packaging printing market revenues remained
robust throughout the year 2020. Industry players supported the business growth
of the ecommerce sector by offering cost-effective solutions that make their
operations more sustainable, productive, and convenient. In 2021 and beyond,
the steadily increasing demand for packaging of pharmaceutical products &
medical supplies would favor the packaging printing market share.
The augmenting demand for glass vials to produce, store, and
distribute COVID-19 vaccines would substantiate the packaging printing market
size. Additionally, Initiatives from public and private sectors worldwide to
scale up the production, packaging, distribution, and administration of the
vaccine are expected to foster the packaging printing market.
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Segmentation
The market is segmented into printing technology,
applications, and regions. The printing technology segment is sub-segmented
into flexography, gravure, and digital. The application segment is
sub-segmented into food & beverage, personal care, pharmaceutical, and
others. Finally, the regional segment is sub-segmented into Americas, Europe,
Asia Pacific, and rest-of-the-world.
Volatility in Raw Material Prices and Supply Restrict
the Market Growth
Despite the significant growth prospects, the packaging
printing industry still witnesses major challenges, such as fluctuating prices
and shortages of raw materials required for production. It has traditionally
been difficult for providers to support short-run packaging printing.
Nevertheless, advances in technology would support the market growth throughout
the assessment period, enabling businesses to offer short-run print production
affordably and profitably.
Advancements in digital printing technology and rising
demand from the media and entertainment sector are expected to positively
impact the market growth. Besides, the high image quality and lasting
impression that screen-printing technology offers, increase its usages across
end-use industries. Mass production of 3D printed applications has the
potential to truly disrupt industries such as consumer goods, automotive, and
healthcare.
Environmentally Safe, Durable, and Sustainable
Packaging Printing Solutions are Trending
Emerging markets from developing countries are projected to
offer significant opportunities. Rising investments in innovation &
expansion and stronger support from governments worldwide are anticipated to
accelerate the packaging printing market revenues. Furthermore, increased
governmental efforts to foster the adoption of environmentally sustainable
products would present substantial opportunities for the market players.
Regional Analysis
The Asia Pacific region leads the global packaging printing
market, witnessing increased investments in research, development, and
innovations. Besides, packaging printing market trends such as rising consumption
and growth rates in the pharmaceutical sector drive the market growth. Also,
rising disposable incomes, changing lifestyles, and fluctuating consumer
preferences encourage the region’s packaging printing market share.
Rising demand from the booming pharmaceutical industry and
the strong presence of major market players in this region positively impact
the market size, leading to faster developments of various packaging printing
technologies. China and India are major revenue generators in the regional
market, becoming the most attractive market space for the manufacturers.
Segmentation of Market covered in the research:
Information by Printing Technology (Flexography, Gravure,
and Digital), by Application (Food & Beverage, Personal Care, Pharmaceutical,
and others), and by Region (North America, Europe, Asia-Pacific, and Rest of
the World)
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