Packaging Printing Market Share

Global Packaging Printing Market Overview

Packaging Printing Market Size was valued at USD 353875.0 Million in 2023. The Packaging Printing industry is projected to grow from USD 373174.0 Million in 2024 to USD 589314.9 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.88% during the forecast period (2024 - 2032). The primary reason for the packaging to store the products, the packaging printing technology acts as product and brand promotion and aids in creating a strong relationship with the consumers. With the increasing innovations in the field and novel methods in presenting the product to the consumer, Packaging Printing Market has been witnessing tremendous growth are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Packaging Printing Market Trends

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  Increasing demand for innovative packaging to boost market growth

  
  

The increasing demand for innovative packaging is one of the factors driving the printing market. Packaging is an essential part of the product branding and marketing strategy, and companies are increasingly looking for innovative and attractive packaging solutions to stand out in a crowded market. This has led to a growing demand for high-quality printing services that can create unique and visually appealing packaging designs. Printing technology has advanced significantly in recent years, enabling printing companies to offer a wide range of options for packaging designs, such as custom shapes, textures, and finishes. Additionally, digital printing technology has made it easier and more cost-effective to produce short runs of packaging, which is particularly beneficial for small businesses and start-ups

The printing industry is also responding to the demand for sustainable packaging solutions, with eco-friendly materials and printing methods becoming more popular. For example, some companies are using biodegradable or compostable materials for their packaging, while others are using water-based inks and other environmentally friendly printing techniques. In summary, the demand for innovative and sustainable packaging is driving the printing market, and printing companies that can offer high-quality, customized packaging solutions are well-positioned to succeed in this growing market. Therefore, such factors related to Packaging Printing have enhanced the Packaging Printing market CAGR across the globe in recent years.

Packaging Printing Market Segment Insights

Packaging Printing Technology Insights

The Packaging Printing market segmentation, based on technology, includes Flexography, Gravure, and Digital. The Flexography segment held the majority share in 2022 of the Packaging Printing market revenue. Flexography is a popular printing technology used in the packaging industry. It is a high-speed, low-cost printing process that is ideal for printing large volumes of packaging materials. Flexography is commonly used to print on flexible materials like paper, plastics, and foil, and it is widely used in the food and beverage industry, as well as in the pharmaceutical and personal care industries.

Packaging Printing Application Insights

Based on application, the Packaging Printing market segmentation includes Food & Beverage, Personal Care, Pharmaceutical, and others. The Food & Beverage segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. The demand for innovative and attractive packaging in the food and beverage industry is driven by several factors, including increasing consumer preference for convenience, on-the-go, and sustainable packaging. These all factors for Packaging Printing positively impact the market growth.

Figure 2: Packaging Printing Market, by Technology, 2022 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Packaging Printing Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is home to some of the world's largest and fastest-growing economies, including China, India, and Japan. These countries have large populations, growing middle classes, and increasing consumer demand for packaged goods, which is driving the growth of the packaging printing market in the region. In addition, the region has a strong manufacturing base, which is driving demand for packaging printing services for a wide range of industries, including food and beverage, personal care, pharmaceuticals, and others.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3: PACKAGING PRINTING MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Packaging Printing market accounts for the third-largest market share. The packaging printing market in Europe is driven by various factors such as the presence of a large food and beverage industry, strong manufacturing base, and a growing focus on sustainable packaging solutions. The European Union (EU) has implemented regulations and initiatives to promote sustainable packaging, which is driving demand for innovative and eco-friendly packaging solutions. Moreover, Europe is home to many established packaging printing companies and is a major hub for technological innovation in the packaging industry. The region has a highly skilled workforce and advanced printing technologies, which enable the production of high-quality and innovative packaging products. Further, the Germany Packaging Printing market held the largest market share, and the UK Packaging Printing market was the fastest-growing market in the European region.

North America (including the United States and Canada) has been one of the major markets for packaging printing due to the region's large food and beverage industry, strong manufacturing base, and high consumer demand for packaged goods. In the United States, for example, the food and beverage industry is one of the largest markets for packaging printing, and it is expected to continue to drive demand in the future. Additionally, the personal care and pharmaceutical industries are also major application areas for packaging printing in the region. Moreover, the U.S. Packaging Printing market held the largest market share, and the Canada Packaging Printing market was the fastest-growing market in the North American region.

Packaging Printing Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Packaging Printing market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Packaging Printing industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Packaging Printing. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Packaging Printing industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the Packaging Printing industry to benefit customers and expand the market sector. Major Packaging Printing market players, including AR Packaging Group AB, Amcor Limited, Belmont Packaging, Avery Dennison Graphics Solutions, 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, and others, are attempting to increase market demand by funding R&D initiatives.

AR Packaging Group AB is a leading provider of sustainable packaging solutions. AR Packaging offers a wide range of packaging solutions such as cartons, flexible packaging, and containers for the food and beverage, healthcare, and consumer goods industries. The company's production facilities are equipped with advanced printing technologies such as flexography, gravure, and digital printing. This enables the company to offer high-quality and innovative packaging products that meet the diverse needs of its customers.

Amcor Limited is a packaging company. Amcor provides a wide range of packaging solutions such as flexible and rigid packaging, containers, closures, and specialty cartons for various industries such as food and beverage, healthcare, personal care, and home care. Amcor's products are designed to protect and preserve the contents while minimizing waste and environmental impact. The company has a strong focus on sustainability and has set ambitious goals to reduce its environmental footprint. Amcor is committed to using recycled and renewable materials in its packaging products and has invested in recycling technologies to increase the recyclability of its products.

List of the Key Companies in the Packaging Printing Market Includes

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  AR Packaging Group AB

  
  


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  Amcor Limited

  
  


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  Belmont Packaging

  
  


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  Avery Dennison Graphics Solutions

  
  


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  DS Smith Packaging Limited

  
  


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  Duncan Printing Group

  
  


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  Dunmore

  
  


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  E.I. Du Pont Nemours and Company

  
  


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  Eastman Kodak Co.

  
  


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  Edelmann Packaging México S.A. De C.V.

  
  


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  Xeikon N.V.

  
  


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  Xerox Corporation among others

  
  

Packaging Printing Industry Developments

In May 2022: Avery Dennison Graphics Solutions announced that it will enter the DIY/crafter market through a new partnership with Siser North America.

Packaging Printing Market Segmentation

Packaging Printing Technology Outlook

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  Flexography

  
  


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  Gravure

  
  


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  Digital

  
  

Packaging Printing Application Outlook

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  Food & Beverage

  
  


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  Personal Care

  
  


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  Pharmaceutical

  
  


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  Others

  
  

Packaging Printing Regional Outlook

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  North America

  
  
  
  
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    US

    
    
  
  
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    Canada

    
    
  
  
  
  


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  Europe

  
  
  
  
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    Germany

    
    
  
  
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    France

    
    
  
  
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    UK

    
    
  
  
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    Italy

    
    
  
  
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    Spain

    
    
  
  
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    Rest of Europe

    
    
  
  
  
  


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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America