Packaging Printing Market by Packaging Type (Labels & Tags, Flexible), Application (Food & Beverages, Cosmetics, Pharmaceuticals), Printing Ink (Aqueous, UV-based), Printing Technology (Flexography, Gravure, Digital), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024-2032

Industry : Packaging | Pages : 180 Pages | Upcoming : Jun 2024

         
     

The global packaging printing market, valued at USD 352.1 billion in 2023, is anticipated to reach USD 433.4 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 4.2% during the period from 2023 to 2030. Factors contributing to this growth include the expansion of the packaging industry, the increasing demand for visually appealing products, the need for product differentiation, and advancements in technology. The rise in demand for digital printing within the packaging sector presents a significant opportunity for packaging printing, as the digital printing market is experiencing rapid growth. Furthermore, the growth of the food and beverage as well as the personal care and cosmetics industries is expected to drive the demand for packaging printing in the upcoming years.

Market Dynamics of Packaging Printing

DRIVERS: Increasing Demand for Innovative Printing

The market for packaging printing is being driven by the growing demand for innovative printing solutions. This demand has led to the adoption of advanced printing processes such as digital printing and three-dimensional (3D) printing. Digital printing offers advantages such as streamlined processes, consistent printing, reduced waste, shorter turnaround times, and cost-effectiveness for smaller print volumes. 3D printing enables the creation of realistic illustrations and provides faster printing speeds compared to traditional methods, while also promoting sustainability and delivering superior image quality.

RESTRAINT: High Initial Capital Investment

One of the key restraints in the packaging printing market is the substantial initial capital investment required to establish manufacturing and printing facilities. Setting up plants and acquiring printing equipment involve significant costs. For example, a rotogravure press can cost around USD 1 million, whereas a lithographic press is more affordable. However, advancements in printing technologies are gradually phasing out lithographic printing to meet the demands of a highly competitive market. Offset printing, another popular process, also necessitates considerable investments in equipment, such as flexography presses, offset printers, and rotogravure presses, as well as other materials like inks, energy, and paper. This poses a challenge for new entrants or those seeking to upgrade their printing technologies.

OPPORTUNITIES: Growing Demand for Sustainable Printing

The increasing demand for sustainable printing practices presents opportunities for growth in the packaging printing market. Sustainable printing involves the use of recycled and renewable resources, aiming to minimize the environmental impact of printing. Process-free plates, such as cold press plates, help eliminate volatile compounds, while digital printers save time and resources by avoiding plate replacement. Water-based and UV-curable inks reduce emissions of volatile organic compounds, reducing the environmental footprint of printing. The rising awareness and demand for sustainable printing methods contribute to the market's expansion.

CHALLENGES: Packaging and Printing Regulations

Stringent packaging and printing regulations are in place to ensure environmentally friendly practices. In Europe, the European environmental legislative framework controls the emissions of volatile organic compounds, and regulations govern the use of chemicals in printing. The European printing industry is committed to reducing carbon dioxide emissions and minimizing its carbon footprint. The European Timber regulation prohibits the use of paper products derived from illegal logging. In the United States, the Food and Drug Administration, along with the Federal Food and Drug Cosmetics Act, regulates the use of safe ink for printing on food packaging.

Corrugated Segment Leading in 2020

In 2020, the corrugated segment dominated the packaging printing market. Corrugated box printing encompasses primary, secondary, and tertiary packaging. Direct print (or post-print) and pre-print are the two commonly used methods for printing on corrugated boxes. Direct print involves printing directly on the corrugated box using flexography and digital printing, while pre-printing offers high-quality printing for eye-catching point-of-purchase displays on corrugated boxes.

Flexography Holding the Largest Share in 2020

Flexography is a widely employed technology in packaging printing, offering a wide range of benefits. It is utilized for printing on various packaging materials such as corrugated containers, folding cartons, multiwall sacks, paper sacks, plastic bags, beverage cartons, disposable cups, labels, adhesive tapes, and wrappers. The flexography printing process involves image preparation, plate making, printing, and finishing. Flexography stands out due to its use of flexible plates made from plastics, rubbers, and UV-sensitive polymers, distinguishing it from other printing technologies.

Solvent-Based Ink Segment Expected to Grow

The solvent-based ink segment is projected to exhibit the highest compound annual growth rate (CAGR) during the forecast period. Solvent inks contain pigments and volatile organic compounds, enabling printing on diverse surfaces like corrugated boards, paper, flexible packaging materials, metal foils, and plastics. Solvent inks offer vibrant colors, although not as intense as aqueous dye inks, and produce prints that are generally waterproof and UV-resistant without requiring special over-coatings.

The packaging printing market is dominated by a few globally established players such as Mondi PLC (UK), Sonoco Products Company (US), Graphics Packaging Holding Company (US), among others.

This research report categorizes the packaging printing market based on type, printing technology, printing ink, application, and region.

On the basis of type:

  • Corrugated
  • Flexible
  • Folding cartons
  • Label & Tags
  • Others (includes Wood & Textile)

On the basis of printing technology

  • Flexography
  • Gravure
  • Offset
  • Screen Printing
  • Digital

On the basis of printing ink

  • Solvant-based
  • UV-based
  • Aqueous
  • Others (Latex inks, dye sublimation ink, and eco-solvent & solvent UV)

On the basis of application

  • Food & beverage
  • Household & cosmetics
  • Pharmaceutical
  • Others (includes automotive and electronics industries)

On the basis of region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In August 2019, Mondi Plc. Launched web platforms, namely, myMondi.net, for outstanding print and designs to mark their uncoated fine paper (UFP) brands. It assists professionals from the printing and design industries to know about high-quality paper brands, as well as paper recommendations, local distributor’s details, and multimedia content that educate on packaging printing.
  • In July 2019, Graphics Packaging acquired Artistic Carton Mill and converted facilities that have divisions in Auburn, Indiana, and Elgin, Illinois, and is the leading producer of folding cartons and coated recycled paperboard. This acquisition has increased its product portfolio and production capacity and expanded its geographical footprint to cater to the increasing demand.

TOC

Table and Figures

Methodology:

At MarketDigits, we take immense pride in our 360° Research Methodology, which serves as the cornerstone of our research process. It represents a rigorous and comprehensive approach that goes beyond traditional methods to provide a holistic understanding of industry dynamics.

This methodology is built upon the integration of all seven research methodologies developed by MarketDigits, a renowned global research and consulting firm. By leveraging the collective strength of these methodologies, we are able to deliver a 360° view of the challenges, trends, and issues impacting your industry.

The first step of our 360° Research Methodology™ involves conducting extensive primary research, which involves gathering first-hand information through interviews, surveys, and interactions with industry experts, key stakeholders, and market participants. This approach enables us to gather valuable insights and perspectives directly from the source.

Secondary research is another crucial component of our methodology. It involves a deep dive into various data sources, including industry reports, market databases, scholarly articles, and regulatory documents. This helps us gather a wide range of information, validate findings, and provide a comprehensive understanding of the industry landscape.

Furthermore, our methodology incorporates technology-based research techniques, such as data mining, text analytics, and predictive modelling, to uncover hidden patterns, correlations, and trends within the data. This data-driven approach enhances the accuracy and reliability of our analysis, enabling us to make informed and actionable recommendations.

In addition, our analysts bring their industry expertise and domain knowledge to bear on the research process. Their deep understanding of market dynamics, emerging trends, and future prospects allows for insightful interpretation of the data and identification of strategic opportunities.

To ensure the highest level of quality and reliability, our research process undergoes rigorous validation and verification. This includes cross-referencing and triangulation of data from multiple sources, as well as peer reviews and expert consultations.

The result of our 360° Research Methodology is a comprehensive and robust research report that empowers you to make well-informed business decisions. It provides a panoramic view of the industry landscape, helping you navigate challenges, seize opportunities, and stay ahead of the competition.

In summary, our 360° Research Methodology is designed to provide you with a deep understanding of your industry by integrating various research techniques, industry expertise, and data-driven analysis. It ensures that every business decision you make is based on a well-triangulated and comprehensive research experience.

Customize your Report
• Tailored advice to Drive your Performance
• Product Planning Strategy
• New Product Stratergy
• Expanded Research Scope
• Comprehensive Research
• Strategic Consulting
• Provocative and pragmatic
• Accelerate Revenue & Growth
• Evaluate the competitive landscape
• Optimize your partner network
• Analyzing industries
• Mapping trends
• Strategizing growth
• Implementing plans
A comprehensive cogent custom study with Analyzing Industries, Mapping Trends, Straterging growth & Implementing Plans. An in-depth and breadth of composite research, which gives complete support of the generation and evaluation of growth opportunities, and best practices recognition to help increase the revenue. Request a Custom Research below.
Request Customization

Covered Key Topics

Growth Opportunities

Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

Research Assistance

We will be happy to help you find what you need. Please call us or write to us:

+1 510-730-3200 (USA Number)

Email: sales@marketdigits.com