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

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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances