Packaging printing is the printing of various packaging materials as the carrier, and decorative patterns, patterns, or words are printed on the packaging to make the product more attractive or descriptive. It is used to convey information and increase sales, including the printing of packaging cartons, packaging bottles, packaging cans, etc. Packaging and printing occupies a large proportion in the printing industry and packaging industry and is an indispensable part of packaging engineering. There are relief printing, lithography, gravure printing, screen printing, orifice printing, and other printing methods. The main elements of printing are paper, ink, color, etc. Packaging and printing need to take into account issues such as the economy and environmental protection and need to be able to fully and well express the information to be printed.
The global packaging printing market size valued at USD 356.7 Billion in 2019 and projected to reach USD 501.66 Billion by 2027, registering a CAGR of 4.25%. The major factors attributed to the rapid industrialization and increasing manufacturing industries. Additionally, the growing per capita income and the surge in demand for innovative packaging printing projected to propel the growth of the global packaging printing market in the next few years. Moreover, growing usages of packaging printing in various packaging processes such as flexible packaging, paper & paperboard, rigid plastic, glass, and metal will impact on the growth of the global packaging printing market in the upcoming periods. Also, the surge in demand for sustainable printing and flexible packaging, cost-effectiveness, and reduced packaging waste will accelerate the global packaging printing industry.
Affected by the reduction in raw material costs and the easing of cost pressures, the packaging industry has been squeezed by upstream and downstream, and the profit margin has released to a certain extent. Furthermore, the growing trend of nuclear households, rise in demand for new packaging material development, and increasing requirement for packaging, which are convenient among consumers anticipated to foster the global packaging printing market share in the forecast span. Additionally, advancement in the healthcare industry and the ease of use of convenient packaging projected to spur the growth of the global packaging printing market in the expected periods.
Driven by the promulgation of the plastic restriction and plastic restriction laws in the EU, South Korea, Australia, and other regions, the global demand for biodegradable plastics continues to grow. The packaging industry is the largest application market for biodegradable plastics. As the carrier and protector of products, packaging has become an important part of commodities. With the rise of cloud computing, mobile Internet, Internet of Things, and other technologies, the small packaging box not only has relevant text and picture information for displaying products but also can realize data collection, product traceability anti-counterfeiting and full tracking through mobile phone scanning. It can achieve interactive communication with consumers through technologies such as augmented reality. Technological innovation is leading the traditional packaging industry towards transformation and upgrading.
Based on packaging type, the global packaging printing market classified into Labels & Tags, Plastics, Glass, Meta, Paper and Paperboard, Flexible Packaging & Corrugated Boxes, Cartons, and Others. Labels & Tags will witness significant growth in the forecast period. It is primarily attributed to the surge in the application of labels and tags for all types of packaging variables. Additionally, labels used for display product information, brand identification symbols, and transportation details during shipping.
Plastics segment projected to grow at a higher CAGR during the forecast period. It is used for printing on rigid containers.
Based on printing technology, the global packaging printing market segregated into flexography printing technology, rotogravure printing technology, offset printing technology, digital printing technology, and screen printing. The flexography printing technology segment held a lucrative share in 2019 and projected to dominate the global Packaging Printing market by 2027. It is due to its ability to print images that are superior in quality and to withstand extreme weather.
Digital printing technology will be the fastest-growing segment in the forecast period. It is owing to the huge surge in demand for digital printing technology for printing in personal care & cosmetics products.
Based on printing ink, the global packaging printing market classified into solvent-based ink, UV-curable ink, aqueous ink, and others. The UV-curable ink segment estimated to lead the market by 2027 as it is used in the food packaging industry and used in surface protection, gloss finishes, and many other print processes where UV can immediately cure.
The aqueous ink segment will grow with a significant rate during the forecast period owing to its use in flexo processes and conjunction with absorbent substrates and primarily used in the food packaging industry.
Based on the application, the global packaging printing market categorized into Food & Beverage, Household & Cosmetic Products, Pharmaceuticals, and Others. The Food & Beverage segment held for a higher market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the growing demand for food packaging along with the increasing trend of digital data printing on food packages.
Household & Cosmetic Products exhibits a lucrative market share in 2019 and expected to generate significant revenue during 2020-2027. Due to the huge demand for colorful and printed cosmetics products, which give full details of product information like ingredients contents.
Based on geography, the global packaging printing market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia-Pacific estimated to occupy the lion’s share in the packaging printing market by 2027. It is owing to the huge growth of e-retail sales, and the increase in demand for convenience packaging in the food industry. Additionally, growing consumer spending and increasing demand for sustainable products in the region.
North America exhibited a prominent share of the Packaging Printing market and projected to remain dominant by 2027. It is due to the highest disposable income in these regions, coupled with the growth of the food packaging market in these regions.
Companies such as Mondi plc, Sonoco Products Company, Graphics Packaging Holding Company, Quad/Graphics, Amcor Limited, Constantia Flexibles, Quantum Print and Packaging Limited, WS Packaging Group, Toppan Printing Company, Xerox Inc., HP Inc, NV Graphics Inc., and Duncan Printing group, are the key players in the Global Packaging Printing Market.
By Packaging Type
By Printing Technology
By Printing Ink