The Printing Market For Packaging Industry is being driven by Growth of packaging industry
The Printing Market For Packaging Industry is expected to grow at a CAGR of 8.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 103.4 billion. In the packaging industry, eco-friendly or sustainable packaging solutions have gained significant traction due to their positive environmental impact. These packaging options, also referred to as green packaging, prioritize recyclability and consumer and environmental safety. Notable eco-friendly packaging materials include paper, cardboard, biodegradable plastics, and plant starch materials. The food sector, specifically meat, poultry, and seafood, heavily utilizes eco-friendly packaging. The increasing awareness of environmental degradation and stringent government regulations on landfill creation are compelling stakeholders to transition towards biodegradable packaging. Biodegradable packaging materials are produced using 100% starch or by blending starch with other biodegradable components, with water added as a plasticizer. These materials encompass biodegradable films such as protein-based plastics, polysaccharides, polyoxyethylene, and polyvinyl alcohol.
Get more information on Printing Market For Packaging Industry by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
149 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.3% |
Market growth 2024-2028 |
USD 103.4 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2023-2024(%) |
7.15 |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The printing industry plays a crucial role in the packaging sector, enhancing aesthetic appeal and enabling product differentiation through various techniques such as digital printing and three-dimensional printing. Traditional methods like rotogravure and lithographic presses continue to dominate, while online shopping and e-commerce businesses drive demand for personalized packaging and e-commerce packaging solutions. Packaging materials, including cardboard boxes, glass, metal, plastic, label, paper, and paperboard, undergo various printing processes like rotogravure, offset lithography, and screen printing to ensure effective product presentation, brand identification, and marketing impact. Marketing budgets continue to prioritize innovative and sustainable packaging solutions.
The packaging industry's printing market is experiencing significant growth, driven by various factors. Aesthetic appeal and product differentiation are key priorities for businesses, leading to increased demand for advanced printing technologies such as digital and three-dimensional printing. Traditional printing processes, including rotogravure, lithographic, and offset printing, continue to dominate the market. Sustainability is also a major consideration, with the adoption of sustainable printing methods and eco-friendly inks, such as water-based and UV-curable, gaining traction. The corrugated box printing segment is particularly noteworthy due to its versatility and cost-effectiveness. The global printing market for the packaging industry is expected to expand substantially due to these trends and the increasing outsourcing of printing functions to specialized providers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted