Packaging Printing Market Latest Updated Report 2024-2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Packaging Printing Market Size, Share & Trends Analysis Report By Type (Corrugated, Flexible, Folding Cartons, Labels & Tags), Printing Technology (Flexography, Gravure, Offset, Screen Printing, And Digital), Printing Ink (Solvent-Based, UV-Based, Aqueous), And Application (Food & Beverage, Household & Cosmetics, Pharmaceutical)- Market Outlook And Industry Analysis 2031"

The global packaging printing market is estimated to reach over USD 502.36 billion by 2024-2031, exhibiting a CAGR of 4.71% during the forecast period.

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A type of printing technique that makes use of electronically controlled laser and inkjet printers is digital printing packaging. It works well with small to medium-sized files in many file formats. Packaging made with a laser printer may produce new designs in various colours. Digital printing packaging technology makes it possible to print promotional offers on packaging efficiently. Customers are beginning to favour digital printing more and more because of its many advantages.

The market for digital printing packaging has been driven by rising demand for ecologically friendly printing and flexible packaging. Recent developments in digital printing technology have increased the range of corrugated wrappings, folding cartons, and flexible packaging. Many manufacturers have expanded their production lines in response to the high demand, which has helped the market grow.

List of Prominent Players in the Packaging Printing Market:
• Amcor Limited
• Canon, Inc.
• Constantia Flexibles GMBH
• Duncan Printing Group
• Dunmore
• Eastman Kodak Company
• Graphics Inc.
• Graphics Packaging Holding Company
• HP Inc.
• Kido Packaging Corporation
• Mondi Group
• Quad/Graphics, Inc.
• Quantum Print and Packaging Ltd.
• Sonoco Products Company
• Toppan Printing Co. Ltd.
• WS Packaging Group, Inc.
• Xeikon N.V.
• Xerox Corporation

Market Dynamics:
Drivers-

Technological developments and increased demand for creative packaging due to fierce rivalry and brand recognition are likely to fuel market expansion. The increasing need for innovative packaging from end-user categories such as food, beverage, and cosmetics, among others, is expected to drive market growth. Growth in the packaging printing industry, desire for aesthetics, product differentiation, and technological improvements are some digitally printed packaging market drivers.

Installing production and printing equipment necessitates a significant initial investment, and more investments are required when establishing manufacturing or purchasing a printing press. There is a growing demand for printing technologies that are cost-effective, environmentally friendly, and innovative.

Challenges:

Due to the rubber plate fixation in printing plates and their inapplicability for heavy goods, high initial capital expenditure is expected to stymie the expansion of the packaging printing industry. Installing production and printing equipment necessitates a considerable initial expenditure, and more investments are required when establishing manufacturing or purchasing a printing press.

Regional Trends:

Asia Pacific packaging printing market is expected to register a major market share in terms of revenue and is projected to develop at a high CAGR in the near future. The package printing industry in the Asia-Pacific region is primarily driven by rising consumer expenditure and rising demand for environmentally friendly products. The market is expanding due to an increase in processed food consumption. Developing packaging printing technologies can also be viewed as a driving force in market development.

This market is expected to increase significantly due to the expanding pharmaceutical sector and the rising need for easy packaging. Packaging sectors such as corrugated paper, folded cartons, and flexible packaging have seen fast growth throughout Europe. Additionally, advances in metal printing have encouraged regional expansion. Prominent participants in the digital printing for packaging industry in the UK and Germany are expanding their operations by increasing their network.

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Recent Developments:

• In September 2022, AutajonGroup recently announced the addition of ZappPackaging from California to its Packaging Division. The acquisition will help the company's activities in the United States, particularly in California.

Segmentation of Packaging Printing Market-
By Type-

• Corrugated
• Flexible
• Folding Cartons
• Label & Tags
• Others

By Printing Technology-
• Flexography
• Gravure
• Offset
• Screen Printing
• Digital

By Printing Ink-
• Solvent-based
• UV-based
• Aqueous
• Others

By Application-
• Food & Beverages
• Household & cosmetics
• Pharmaceuticals
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.