Latest News- Printing Market For Packaging Industry: Flexography printing is expected to lead the Technology segment during 2024-2028

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. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Flexography printing
  • Rotogravure printing
  • Digital printing
  • Others
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
    • UK
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of packaging industry
• Rise in demand for packaged food and beverage products
• Growth of digital printing for packaging

However, the market also witnesses some limitations, which are as follows:

• High investments in digital printing
• Growing cost of packaging inks
• Environmental concerns over use of plastic packaging

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Market Scope in Printing Market For Packaging Industry Research Report

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Research Analysis Overview

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.

Market Research Overview

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/