This report has been segmented on basis of printing ink, printing technology, material, application, and region. Food & beverages of the application segment is projected to be the fastest-growing in the packaging printing market during the forecast period, as it requires packaging for storage, handling, and transportation of food products & beverages. 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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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. Emerging markets, such as the Asia-Pacific region, have contributed to an increase in the application of packaging printing in packaging products.
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Complete Report on Packaging Printing Market spread across 202 Pages, Profiling 16 Companies and Supported with 141 Tables and 49 Figures is now available at www.rnrmarketresearch.com/packaging-printing-market-by-ink-type-water-based-uv-curable-printing-technology-flexography-rotogravure-offset-digital-material-paper-paperboard-flexible-rigid-plastic-glass-metal-application-food-beverages-cosmetics-toiletr-market-report.html .
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.
- 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)
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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High initial capital investments has caused an unfavorable impact on the profitability of the printing industry. The 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.
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.
However, digital printing sector of printing technology segment constituted a moderate share in packaging printing market; but is projected to grow at a higher rate during the forecast period as it is highly preferred for packaging printing in personal care & cosmetics products, because of aesthetic appeal facility to attract consumers at point-of-sale (POS).
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/discount?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 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; ,and research & development activities in the packaging printing market.
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