Packaging Printing Market Trend | Size to Grow with a High CAGR Global Industry Analysis and Forecast to 2030
Market Highlights
Packaging is the technology which is
used for protecting the products from storage and distribution purpose. In
packaging, the goods are prepared for the transport, warehousing sales and end
use. Package printing is a type of label which is a written, electronic and
graphical representation on the package. There is huge demand for the global
packaging printing market due to rise in manufacturing activities.
The two major drivers for the growth
of the Packaging Printing Market Trend are
growing Pharmaceutical industry and increased popularity of convenient
packaging. Due to the increasing demand in the pharmaceutical industry there is
seen an increasing demand for the packaging printing market. Other factors
which drive the packaging printing market are flexible packaging; reduce waste
in packaging and growing demand of sustainable printing.
Asia-Pacific is expected to witness
fastest growth during the forecast period followed by Europe. APAC has
witnessed such growth due to growing food & beverage industry in China.
China is the major dominating region in Asia-Pacific.
Market Research
Analysis
The Global Packaging market trend is highly
application driven. Food & beverage is dominating the segment due to
growing industries of food & beverage in China. There is a higher demand
for the packaging printing in the food & beverage industry due to the
growing demand of branded products. Packaged and branded products are widely
used in food & beverage industry. Pharmaceutical is the second largest
application segment because of the increased demand or convenience of packaging
in healthcare industry.
The market is further driven by the
rapid growth in packaging and labeling industries. Increasing demand for
product differentiation majorly fuels the market growth. However, the major
restraint for packaging printing market is that it is not suitable for heavy
items.
Scope of the Report
This study provides an overview of
the global packaging printing market trend, tracking four market segments
across four geographic regions. The report studies key players, providing a
five-year annual trend analysis that highlights market size, volume and share
for North America, Europe, Asia Pacific
(APAC) and Rest of the World (ROW). The report also provides a forecast,
focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global packaging printing
market by by Printing Technology, Application
and Region.
By
Printing Technology
Flexography
Gravure, Digital
By
Application
Food & Beverage
Cosmetic
Pharmaceutical
Others
By Region
North America
Europe
Asia-Pacific
ROW
Key
Players
The Key players in
packaging printing market are are AR Packaging
Group AB, Amcor Limited, Belmont Packaging, Canon, Inc., DS Smith Packaging
Limited, Duncan Printing Group, Dunmore, E.I. Du Pont Nemours and Company,
Eastman Kodak Co., Edelmann Packaging México S.A. De C.V., Xeikon N.V., and
Xerox Corporation.
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