Packaging Printing Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- The growing popularity among the consumer for using appropriate packaging is the major factor drives the growth of packaging printing market.
Packaging Printing Market was valued at USD 281.02 Billion in 2018 and is projected to reach around USD 406.09 Billion by 2025, at a CAGR of 5.4% during the forecast period.
Printing and packaging technology is a specific branch of engineering which deals with the printing technology and followed by the packaging of the content so as to make it presentable and attractive. All steps along with the manufacturing process, and more, must be considered while designing of the packaging for any product. Printing is the process which reproduces text and images usually with ink on paper or other materials use in a printing press. Printing and packaging technology is a joint discipline. Packaging printing is used in various applications such as food & beverage, pharmaceuticals, household & cosmetic products and others.
Global packaging printing market report is segmented on the basis of printing ink, printing technology, material, application and region. Based upon printing ink, packaging printing market is classified in to solvent- based, UV-curable, aqueous and others. Based upon printing technology, packaging printing market is classified into flexography printing, rotogravure printing, offset printing, digital printing and screen printing. Based upon material, packaging printing market is classified into labels, paper & paperboard, plastic, metals and others. Based upon application, packaging printing market is classified into food & beverage, pharmaceuticals, household & cosmetic products and others.
The regions covered in this packaging printing market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Packaging printing is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Packaging Printing Market Reports
Some major key players for global packaging printing market are HP Inc., E.I. du Pont de Nemours and Company, Toppan Printing co, Ltd., Xerox Corporation, Mondi Plc., Quad/Graphics, Inc., WS Packaging Group and others.
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Global Packaging Printing Market Dynamics
Global packaging printing market is growing due to rise in the manufacturing activity, increasing trend of new packaging material and customer inclination towards the new packaging. For instance; The India is on 6th number in food and grocery worldwide with retail contributing 70 per cent of the sales. Rise in the line food market is the major factor provide the market growth. Therefore the increasing demand and growing such industries supplements the demand of the packaging printing market. In addition, economic development and increasing disposable income in emerging economies are also anticipate to fuel the growth in this market within the forecast period. Moreover, the growth of food & beverages industries and pharmaceuticals sectors and increase demand of food products due to increasing population is also foster the market growth for printing packaging.
Asia pacific is Expected to Dominate the Packaging Printing Market
Asia-Pacific is expected to dominate the global packaging printing market, owing to the rise in per capita income, increasing population and growing demand for food product and beverages. Major share of this region is anticipated to contribute by emerging countries such as India & china. For instance: The Gross Domestic Product per capita in china was around 7329.09 US dollars in 2017 also the GDP per Capita in China is equal to 58 percent of the world's average both are going to increase in forecasted period. In addition, in china on July 2018, the total retail sales of consumer goods touched 3,073.4 billion Yuan, and rise by 8.8 percent year-on-year. Moreover, the rise in the cosmetics market also drives the packaging printing market growth. For instance: the Asian countries offer the industry over 3 billion potential consumers in the fastest growing global markets. North America is the saturated market for the packaging printing market in terms of market share.
Key Benefits for Global Packaging Printing Market Reports –
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Global Packaging printing Market Segmentation –
By Printing Ink
Solvent- based, UV-curable , Aqueous, Others
By Printing Technology
Flexography printing, Rotogravure printing, Offset printing, Digital printing, Screen Printing
Labels, Paper & paperboard, Plastic, Metals, Others
Food & beverage, Pharmaceuticals, Household & cosmetic products, Others
North America (US., Canada), Europe (UK., France, Germany, Italy), Asia Pacific (China, Japan, India, Southeast Asia), Latin America (Brazil, Mexico), Middle East and Africa (GCC, Africa, Rest of Middle East and Africa)
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