05.10.23
MarketsandMarkets’ new report, "Packaging Printing Market by Printing Ink (Aqueous, UV-based), Printing Technology (Flexography, Gravure, Digital), Packaging Type (Labels & Tags, Flexible), Application (Food & Beverages, Cosmetics, Pharmaceuticals), & Region - Global Forecast to 2025", estimates the global packaging printing market size to be $352.1 billion in 2021, projected to reach $433.4 billion by 2026, at a CAGR of 4.2%.
The packaging printing market will be driven by growth in the packaging industry, demand for products with an aesthetic appeal, product differentiation, and technological advancements. In terms of packaging technology, an increase in demand for digital printing is an opportunity for packaging printing, as the market for digital printing is growing at a high rate.
Also, in terms of application, growth in the food & beverage and personal care & cosmetics industries is expected to propel the market for packaging printing in the coming years.
The rise in demand for sustainable printing is providing opportunities for growth in the packaging printing market. Sustainable printing makes use of recycled and renewable resources and helps reduce the impact of printing on the environment. The use of a digital printer prevents the replacement of plates and eventually saves time and resources. The use of water-based and UV-curable inks lowers the impact of printing on the environment by eliminating the emissions of volatile organic compounds.
The demand for innovation in printing is driving the market for packaging printing. Innovation in printing has resulted in the use of printing processes, such as digital printing and three-dimensional printing.
Gravure segment likely to account for the second-largest share of the packaging printing market during the forecast period. Rotogravure is widely used for high-quality prints producing fine images that are mostly used for printing a high volume of packages.
The packaging printing market will be driven by growth in the packaging industry, demand for products with an aesthetic appeal, product differentiation, and technological advancements. In terms of packaging technology, an increase in demand for digital printing is an opportunity for packaging printing, as the market for digital printing is growing at a high rate.
Also, in terms of application, growth in the food & beverage and personal care & cosmetics industries is expected to propel the market for packaging printing in the coming years.
The rise in demand for sustainable printing is providing opportunities for growth in the packaging printing market. Sustainable printing makes use of recycled and renewable resources and helps reduce the impact of printing on the environment. The use of a digital printer prevents the replacement of plates and eventually saves time and resources. The use of water-based and UV-curable inks lowers the impact of printing on the environment by eliminating the emissions of volatile organic compounds.
The demand for innovation in printing is driving the market for packaging printing. Innovation in printing has resulted in the use of printing processes, such as digital printing and three-dimensional printing.
Gravure segment likely to account for the second-largest share of the packaging printing market during the forecast period. Rotogravure is widely used for high-quality prints producing fine images that are mostly used for printing a high volume of packages.