Global packaging printing market is dominated by players such as HP Inc. (U.S.), Xerox Corporation (U.S.), Toppan Printing co, Ltd. (Japan), Quad/Graphics Inc. (U.S.), Mondi plc (South Africa), i.e. Du Pont De Nemours and Company (U.S.), and Kodak Co. (U.S.). These players adopted various strategies such as new product launches, acquisitions, agreements & partnerships, and expansions to cater to the needs of the packaging printing market.
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The global market for packaging printing is projected to grow from USD 115.13 billion in 2015 to reach USD 192.75 billion by 2026, at an estimated CAGR of 4.9%. The packaging printing market is driven by factors such as growing demand for sustainable printing, increasing demand for flexible packaging, cost effectiveness, and reduced packaging waste.
The growing healthcare industry and the popularity of using convenient packaging are major drivers of the packaging printing market.
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- Manufacturers of packaging printing
- Importers and exporters of packaging printing
- Traders, distributors, and suppliers of packaging printing
- End users (food & beverage, healthcare, and cosmetics & toiletries industries)
Packaging printing not being suitable for heavy items is the strongest restraint for the industry. “Digital printing of the printing technology segment projected to grow at a highest CAGR during forecasted period (2016-2021)” The digital printing technology of the printing technology segment is projected to grow at the highest between 2016 and 2021.
The excellent print-ability and aesthetic appeal will drive the market of the digital printing technology in the packaging printing market.
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The packaging printing market report defines, segments, and projects the packaging printing market size on the basis of printing inks, printing technology, format, packaging type, end-use industry, and region. The study analyzes competitive developments such as partnerships, agreements, contracts, and joint ventures; , mergers & acquisitions; expansions; ,new product developments.
Packaging Printing Market, By Application
2 Food & Beverages
3 Household & Cosmetic Products
Packaging Printing Market, By Printing Ink
2 Aqueous Ink
3 Solvent-Based Ink
4 UV-Curable Ink
In terms of value, flexography printing segment of printing technology is accounted for largest market share and is projected to grow at a moderate CAGR during forecast period. This growth can be attributed to its ability to print images that are superior in quality and to withstand various climatic conditions.
Connect for More Details for More Information “Packaging Printing Market by Printing Ink (Aqueous & UV-Based), Printing Technology (Flexography, Gravure, Digital), Material (Paper & Paperboard, Plastic), Application (Food & Beverage, Cosmetics, and Pharmaceutical), and Region - Global Forecast to 2026” report @ www.rnrmarketresearch.com/contacts…ount?rname=403096 .
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe. In Asia-Pacific, China is the largest consumer for packaging printing, followed by Japan.
China, with its growing food & beverage and healthcare industries, is expected to drive the packaging printing market. Japan, with its growing inclination toward convenient products, is expected to impact the packaging printing market in the Asia-Pacific region.
The Digital printing is highly preferred in the for packaging printing; in personal care & cosmetics products, because of its aesthetic appeal facility to attract consumers at point point-of of-sale (POS).
“Asia-Pacific region to gain maximum traction during the forecast period”. The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe.
In Asia-Pacific, China is the largest consumer for packaging printing, followed by Japan.
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