Lithographic Printing for Packaging Market Size was valued at USD 87.3 Billion in 2022. The lithographic printing for packaging industry is projected to grow from USD 90.9 Billion in 2023 to USD 134.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.4% during the forecast period (2023 - 2032). Technical advancement, new application areas, and improved supply chains are some of the major market drivers that are likely to have an impact on the demand for lithographic printing for the packaging market during the projected period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Lithographic printing is renowned for producing work of a high caliber, making it perfect for applications involving upscale packaging. The demand for quality packaging from consumers is rising, which is fueling the expansion of the lithographic printing market. Consumers are more prepared to pay more on premium goods, especially those with premium packaging, as their disposable incomes increase. Additionally, social networking websites like Instagram and TikTok have made it simpler for users to tell their friends and followers about their purchases through photographs and videos. Customers are increasingly buying products with visually appealing packaging so that they would look good on social media as a result of this. Moreover, with the advent of e-commerce, people can shop for and buy goods from around the globe more easily than ever. Retailers now face greater rivalry, and many of them are employing premium packaging to set their items apart from the competition.
Future market expansion for lithographic printing for packaging is anticipated to be driven by the rise in demand for packaged food. Food that is covered and can be preserved for a long time is referred to as packaged food. The lithographic printing for packaging displays brand identification and gives information about the product on food packaging. The Indian packaged food industry, for instance, is predicted to grow by up to double to $70 billion over the course of the next five to ten years, according to Nestle India, a food manufacturer, in February 2021. The market for lithographic printing for packaging is expanding as a result of the rising demand for packaged food.
A major trend that is becoming more and more popular in the lithographic printing for packaging market is technological advancement. To maintain their position in the industry, the major players are launching new technology. For instance, Titon technology was introduced in April 2022 by Dutch-based Xeikon B.V., a provider of digital printing technology. This method offered all the advantages of UV inks through a special toner formulation. This is the most odor- and taste-free technology available, and it won't change how the consumer feels about the product when they consume it. A wide range of applications with both direct and indirect food contact are appropriate for this TITON toner. This technology is resistant to water, sunlight, extreme temperatures, a wide range of liquid chemicals, scuffing, and scratching. Thus, driving the lithographic printing for packaging market revenue.
The Lithographic Printing for Packaging Market segmentation, based on material includes Paper & Paperboard and Plastic. The paper & paperboard segment dominated the market. Due to their adaptability, affordability, and eco-friendliness, paper and paperboard materials are frequently utilized as substrates for lithographic printing. Lithography enables for high-quality printing with distinct details and vivid colors on paper and paperboard. This is crucial for packaging that needs to communicate brand information, product information, and aesthetic appeal.
Figure 1: Lithographic Printing for Packaging Market, by Material, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Lithographic Printing for Packaging Market segmentation, based on printing ink, includes U.V based, Aqueous and Strikethrough. The aqueous category generated the most income. Due to the rising demand for aqueous lithographic printing for packaging, this market segment is anticipated to expand significantly over the course of the projected period. The increasing consumer awareness of the risks that volatile organic compounds (VOCs) pose to the environment is one of the main factors driving the expansion of the aqueous category.
The Lithographic Printing for Packaging Market segmentation, based on application, includes Food & Beverages, Cosmetics & Toiletries, Healthcare and Others. The food & beverages category generated the most income. The introduction of diverse categories of food and non-food products, the rise in start-up activity around the world, and the increased demand for food and beverages during the pandemic are all factors that have contributed to the enormous upheaval of the lithographic printing for packaging market over the past two years. Due to changing eating habits and changing lifestyles, there is an increased demand for printing on food packaging as a result of rising consumer demand for lithographic printing for packaging. In order to inform consumers and advertise products, printing is utilized on food lithographic printing for packaging materials.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American lithographic printing for packaging market area is dominating in 2022. The market for package lithographic printing in North America is established and significant. Due to the need for high-quality packaging across numerous industries, it has seen consistent growth. Numerous industries, including those in the food and beverage, pharmaceutical, cosmetic, and consumer products sectors, are served by the market. These industries all rely on lithographic printing for their packaging requirements.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: LITHOGRAPHIC PRINTING FOR PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe lithographic printing for packaging market accounts for the second-largest market share. The adoption of cutting-edge lithographic printing technologies has been led by European printing firms. Improvements in automation, digital-to-print operations, and color management systems are included in this. Europe has strict laws governing the safety and quality of packaging in some sectors, including pharmaceuticals and food packaging. Lithographic printing is frequently selected because it can adhere to these legal standards. Further, the German lithographic printing for packaging market held the largest market share, and the UK lithographic printing for packaging market was the fastest growing market in the European region
The Asia-Pacific Lithographic Printing for Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. The region's lithographic printing for packaging market has improved prospects due to the expansion of the sector in nations like Japan, China, India, and South Korea as well as the increased need for lithographic printing for packaging. The demand for lithographic printing for packaging is anticipated to increase along with the demand for packaged beverages such as bottled water, alcoholic beverages, and carbonated soft drinks. Moreover, China’s lithographic printing for packaging market held the largest market share, and the Indian lithographic printing for packaging market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the lithographic printing for packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, lithographic printing for packaging industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global lithographic printing for packaging industry to benefit clients and increase the market sector. In recent years, the lithographic printing for packaging industry has offered some of the most significant advantages to medicine. Major players in the lithographic printing for packaging market are attempting to increase market demand by investing in research and development operations includes H.P Inc., Toppan Printing Co. Itd., Quad Graphics Inc., Mondi Plc, Kodak Co., and Du Pont De Nemours.
Kodak is a maker of high-tech materials and chemicals as well as commercial print. The business provides customers in the graphic communications, packaging, functional printing, entertainment, and commercial film markets with consumables, hardware, software, and services. Additionally, a wide range of items are offered, including digital offset plates, camera accessories, flexographic and workflow solutions, and printing solutions.
Paper and packaging solutions are offered by Mondi Plc (Mondi). It produces and distributes packaging made of flexible plastic, paper, and pulp. Its product line also includes speciality items, uncoated fine paper, and consumer packaging materials. The company also manages trees and produces customized extrusion-coated solutions and converts packaging sheets into industrial bags.
September 2020: Seller Ink Industria e Comercio de Tintas e VernizesLtda, a specialized inks and coatings manufacturer with headquarters in Sao Paulo, Brazil, has been acquired by Sun Chemical and its parent company, DIC Corporation. As part of the deal, the offset lithographic inks manufacturer is also involved.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 87.3 Billion |
| Market Size 2023 | USD 90.3 Billion |
| Market Size 2032 | USD 134.0 Billion |
| Compound Annual Growth Rate (CAGR) | 4.4% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Printing Ink, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | H.P Inc., Toppan Printing Co. Itd., Quad Graphics Inc., Mondi Plc, Kodak Co., Du Pont De Nemours |
| Key Market Opportunities | ·      Advancements in technology to drive market growth |
| Key Market Dynamics | ·      Consumer demand for high-quality packaging is fueling industry expansion ·      Growing demand from packed food industry is boosting market growth |
Lithographic Printing for Packaging Market Highlights:
Frequently Asked Questions (FAQ) :
The Lithographic Printing for Packaging Market size was valued at USD 87.3 Billion in 2022.
The global market is projected to grow at a CAGR of 4.4% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are H.P Inc., Toppan Printing Co. Itd., Quad Graphics Inc., Mondi Plc, Kodak Co., Du Pont De Nemours.
The paper & paperboard category dominated the market in 2022.
The aqueous category had the largest share in the global market.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
