Packaging Printing Market
PUBLISHED: 2023 ID: SMRC22609
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Packaging Printing Market

Packaging Printing Market Forecasts to 2028 - Global Analysis By Type (Labels, Flexible, Folding Cartons, Corrugated, Plastics, Metal, Paper & Paperboard and Other Types), Printing Ink, Printing Technology, Application and By Geography

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4.1 (19 reviews)
Published: 2023 ID: SMRC22609

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $373.9 BN

Projected Year Value (2028)

US $536.4 BN

CAGR (2022 - 2028)

6.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Packaging Printing Market is accounted for $373.9 billion in 2022 and is expected to reach $536.4 billion by 2028 growing at a CAGR of 6.1% during the forecast period. The technology utilised for product protection during distribution and storage is called packaging. A label including a pictorial, textual, and electronic representation of the item is called a package printing label. Moreover, printing for packaging is utilised in a variety of packaging procedures. Depending on the need, packing inks are applied to various surfaces using various procedures. Among these important substrates are paper, metal, and plastic.

According to a food company, Nestle India, the Indian packaged food market is expected to double up to $70 billion in the coming years. According to Just Eat Takeaway.com, a Dutch online platform specializing in online food ordering and home delivery, in 2021, Just Eat Takeaway.com received approximately 1.09 billion orders, a significant increase compared to the previous year when the company counted 588 million.



Market Dynamics:

Driver:

Technological advancements

The development of package printing technique has been significantly influenced by technology. Production cost reduction is a top priority for manufacturers, who are searching for high-quality packaging and printing solutions. Demands for highly competitive, economical, and aesthetically pleasing packaging solutions are increasing. These requirements have forced suppliers to develop their product offerings by utilising new technologies, which is expanding the market growth.

Restraint:

Demand for high initial capital expenditures

Establishing manufacturing and printing facilities necessitates a significant initial capital expenditure. Plant setup and the purchase of printing machinery involve investment. When compared to the conventional procedure, new emerging technologies in printing equipment are more expensive. Rapid increase in the adoption of advanced technologies requires a high amount of investment to adopt those technologies that restrains the market growth.

Opportunity:

Increasing demand for innovative printing

The market for packaging printing is also being driven by the demand for printing innovation. Printing innovation has led to the utilisation of processes like digital printing and three-dimensional printing. The processes necessary for traditional printing technology are removed when printing is used. It also helps to produce uniform printing, decrease waste, and make printers cheaper for lower volume printing, all of which are factors driving market growth.

Threat:

Packaging and printing regulations

Regulations governing packaging and printing make sure that printing procedures are carried out in a way that has a minimal negative impact on the environment. The emissions of volatile organic compounds are kept under control by strict printing restrictions. Moreover, the rules guarantee chemical control in printing. Rising concerns regarding the negative effects of the plastic and chemicals on the environment hinder the growth of the market.

Covid-19 Impact

The COVID-19 pandemic has had a moderate impact o the packaging printing business. The pandemic led to a disruption in the supply chain, leading to a decrease in demand for packaging printing services. Manufacturers had to face production issues as volume reduced due to decline in demand for packaging solutions. The pandemic resulted in a decrease n number of trade shows and exhibitions which adversely impacted the demand for packaging printing services.

The digital printing segment is expected to be the largest during the forecast period

The digital printing segment is estimated to have a lucrative growth, due to low-cost printing technology coupled with aesthetic visual graphics. Digital printing can be an inexpensive and ecologically responsible solution in addition to improving the colour accuracy and quality of the final printed design. Also, because pre-press procedures are not necessary with digital printing, there is a significant reduction in the environmental effect.

The oil-based ink segment is expected to have the highest CAGR during the forecast period

The oil-based ink segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its high optical density that ensures high quality in printing. Oil-based ink contains high-absorbent pigments that work on every type of porous substrates. Increasing demand for flexible packaging leads to raising the demand for oil-based ink, which driving the growth of the market.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing consumer spending and rising demand for sustainable products. The packaging industry is propelled by the growing increase of nuclear families, new packaging material and increasing customer comfort needs. The growth of the packaging printing market in this region is driven by factors such as growth in demand for sustainable printing, cost-effectiveness, and reduced packaging waste.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the increasing demand for consumer-packaged goods. Technological advancements and the wide adoption of advanced technologies in various packaging applications further expands the regional market growth. Furthermore, advancements in metal printing have fuelled the regional growth.



Key players in the market

Some of the key players profiled in the Packaging Printing Market include Constantia Flexibles GmbH, Amcor, Graphics Packaging Holding Company, Quantum Print and Packaging Ltd., Sonoco Products Company, Duncan Printing Group, Toppan Printing Co., Ltd., Belmont Packaging, Paramount packaging Ltd., Shree Arun Packaging Co. (SAPCO), WS Packaging Group, Inc., Sealed Air Corporation, Mondi Plc, Eastman Kodak Company, Graphics Inc., Canon, Inc., HP Inc. and Xerox Corporation.

Key Developments:

In May 2022, Mondi invested EUR 125 million in the Kuopio mill in Finland. Following Mondi's MAP2030 sustainability objectives, the major capex project will boost production capacity, strengthen competitiveness, improve safety, and help the local environment.

In November 2021, Graphic Packaging Holding Company, a US-based manufacturer of packaging products acquired AR Packaging Group AB for an undisclosed amount. This acquisition accelerates Graphic Packaging’s growing position in serving consumer packaged goods companies around the world with sustainable fiber-based packaging alternatives.

In July 2021 Mondi announced the expansion of its Color Copy original flagship range with extra-long digital formats to meet the growing demand for digitally printed applications. Color Copy original ELDFs are compatible with all major printing machine manufacturers, e.g., Konica Minolta, Ricoh, Xerox, Canon, and others.

Types Covered:
• Labels
• Flexible
• Folding Cartons
• Corrugated
• Plastics
• Metal
• Paper & Paperboard
• Other Types

Printing Inks Covered:
• Solvent-Based Ink
• Dye Sublimation Inks
• Latex Ink
• UV-Curable Ink
• Aqueous Ink
• Oil-Based Ink
• Natural-Based Colored Ink
• Other Printing Inks

Printing Technologies Covered:
• Digital Printing
• Offset
• Flexography
• Gravure
• Screen Printing
• Other Printing Technologies

Applications Covered:
• Pharmaceutical Products
• Food & Beverage
• Personal Care
• Adhesives and Sealants
• Home Care
• Cosmetic Products
• Automotive
• Electronics
• Chemical & Fertilizer

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Packaging Printing Market, By Type
5.1 Introduction
5.2 Labels
5.3 Flexible
5.4 Folding Cartons
5.5 Corrugated
5.6 Plastics
5.7 Metal
5.8 Paper & Paperboard
5.9 Other Types

6 Global Packaging Printing Market, By Printing Ink
6.1 Introduction
6.2 Solvent-Based Ink
6.3 Dye Sublimation Inks
6.4 Latex Ink
6.5 UV-Curable Ink
6.6 Aqueous Ink
6.7 Oil-Based Ink
6.8 Natural-Based Colored Ink
6.9 Other Printing Inks

7 Global Packaging Printing Market, By Printing Technology
7.1 Introduction
7.2 Digital Printing
7.3 Offset
7.4 Flexography
7.5 Gravure
7.6 Screen Printing
7.7 Other Printing Technologies

8 Global Packaging Printing Market, By Application
8.1 Introduction
8.2 Pharmaceutical Products
8.3 Food & Beverage
8.4 Personal Care
8.5 Adhesives and Sealants
8.6 Home Care
8.7 Cosmetic Products
8.8 Automotive
8.9 Electronics
8.10 Chemical & Fertilizer

9 Global Packaging Printing Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Constantia Flexibles GmbH
11.2 Amcor
11.3 Graphics Packaging Holding Company
11.4 Quantum Print and Packaging Ltd.
11.5 Sonoco Products Company
11.6 Duncan Printing Group
11.7 Toppan Printing Co., Ltd.
11.8 Belmont Packaging
11.9 Paramount packaging Ltd.
11.10 Shree Arun Packaging Co. (SAPCO)
11.11 WS Packaging Group, Inc.
11.12 Sealed Air Corporation
11.11 Mondi Plc
11.14 Eastman Kodak Company
11.15 Graphics Inc.
11.16 Canon, Inc.
11.17 HP Inc.
11.18 Xerox Corporation

List of Tables
1 Global Packaging Printing Market Outlook, By Region (2020-2028) ($MN)
2 Global Packaging Printing Market Outlook, By Type (2020-2028) ($MN)
3 Global Packaging Printing Market Outlook, By Labels (2020-2028) ($MN)
4 Global Packaging Printing Market Outlook, By Flexible (2020-2028) ($MN)
5 Global Packaging Printing Market Outlook, By Folding Cartons (2020-2028) ($MN)
6 Global Packaging Printing Market Outlook, By Corrugated (2020-2028) ($MN)
7 Global Packaging Printing Market Outlook, By Plastics (2020-2028) ($MN)
8 Global Packaging Printing Market Outlook, By Metal (2020-2028) ($MN)
9 Global Packaging Printing Market Outlook, By Paper & Paperboard (2020-2028) ($MN)
10 Global Packaging Printing Market Outlook, By Other Types (2020-2028) ($MN)
11 Global Packaging Printing Market Outlook, By Printing Ink (2020-2028) ($MN)
12 Global Packaging Printing Market Outlook, By Solvent-Based Ink (2020-2028) ($MN)
13 Global Packaging Printing Market Outlook, By Dye Sublimation Inks (2020-2028) ($MN)
14 Global Packaging Printing Market Outlook, By Latex Ink (2020-2028) ($MN)
15 Global Packaging Printing Market Outlook, By UV-Curable Ink (2020-2028) ($MN)
16 Global Packaging Printing Market Outlook, By Aqueous Ink (2020-2028) ($MN)
17 Global Packaging Printing Market Outlook, By Oil-Based Ink (2020-2028) ($MN)
18 Global Packaging Printing Market Outlook, By Natural-Based Colored Ink (2020-2028) ($MN)
19 Global Packaging Printing Market Outlook, By Other Printing Inks (2020-2028) ($MN)
20 Global Packaging Printing Market Outlook, By Printing Technology (2020-2028) ($MN)
21 Global Packaging Printing Market Outlook, By Digital Printing (2020-2028) ($MN)
22 Global Packaging Printing Market Outlook, By Offset (2020-2028) ($MN)
23 Global Packaging Printing Market Outlook, By Flexography (2020-2028) ($MN)
24 Global Packaging Printing Market Outlook, By Gravure (2020-2028) ($MN)
25 Global Packaging Printing Market Outlook, By Screen Printing (2020-2028) ($MN)
26 Global Packaging Printing Market Outlook, By Other Printing Technologies (2020-2028) ($MN)
27 Global Packaging Printing Market Outlook, By Application (2020-2028) ($MN)
28 Global Packaging Printing Market Outlook, By Pharmaceutical Products (2020-2028) ($MN)
29 Global Packaging Printing Market Outlook, By Food & Beverage (2020-2028) ($MN)
30 Global Packaging Printing Market Outlook, By Personal Care (2020-2028) ($MN)
31 Global Packaging Printing Market Outlook, By Adhesives and Sealants (2020-2028) ($MN)
32 Global Packaging Printing Market Outlook, By Home Care (2020-2028) ($MN)
33 Global Packaging Printing Market Outlook, By Cosmetic Products (2020-2028) ($MN)
34 Global Packaging Printing Market Outlook, By Automotive (2020-2028) ($MN)
35 Global Packaging Printing Market Outlook, By Electronics (2020-2028) ($MN)
36 Global Packaging Printing Market Outlook, By Chemical & Fertilizer (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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