Packaging Printing Market is Projected to be 574.47 Billion USD by 2026 : Growing at a CAGR of 5.3%

MarketsandMarkets projects that the packaging printing market size will grow from USD 328.95 Billion in 2015 to USD 574.47 Billion by 2026, at an estimated CAGR of 5.3%. The packaging printing market is expected to witness high growth as a result of the growing demand for suitable printing & increasing demand for packaging printing.

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This report has been segmented on the basis of printing ink, printing technology, material, application, and region. Food & beverages of the application segment is projected to be the fastest-growing in the packaging printing market during the forecast period, as it requires packaging for storage, handling, and transportation of food products & beverages. On the basis of printing inks, the aqueous ink segment is projected to grow at a higher rate in the forecast period due to its low cost, printability on various surfaces, and waterproof features.

In terms of value, the flexography printing segment of printing technology is accounted for the largest market share and is projected to grow at a moderate CAGR during the forecast period. This growth can be attributed to its ability to print images that are superior in quality and to withstand various climatic conditions. However, the digital printing sector of the printing technology segment constituted a moderate share in the packaging printing market; but is projected to grow at a higher rate during the forecast period as it is highly preferred for packaging printing in personal care & cosmetics products, because of aesthetic appeal facility to attract consumers at point-of-sale (POS).

In terms of value, the labels of the material segment of packaging type is accounted for the largest market share and is projected to grow at a higher CAGR during the forecast period. This growth is due to its application in almost all types of packaging variables. Labels are the mostly used packaging type as they display product information, brand identification symbols, and transportation details during shipping.

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Under application, the food & beverage sector is projected to grow at a higher rate due to the high demand for food packaging and the growing trend of digital data printing on food packages to communicate the shelf-life, composition, and nutritional value of the product.

Key Players : Packaging Printing Market

The major players include HP Inc. (U.S.), E.I. du Pont de Nemours and Company (U.S.), Toppan Printing co, Ltd. (Japan), Xerox Corporation (U.S.), Mondi Plc (South Africa), Quad/Graphics, Inc. (U.S.), and WS Packaging Group (U.S.). Companies have adopted strategies such as new product launches and acquisitions to cope with the increasing demand in the emerging markets.

Scope of the Report:
This research report categorizes the packaging printing market based on printing ink, printing technology, material, application, and region.

Based on Printing Ink, The Packaging Printing Market has been segmented as follows:
• Solvent- based
• UV-curable
• Aqueous
• Others (latex and dye sublimation inks.)

Based on Printing Technology, The Packaging Printing Market has been segmented as follows:
• Flexography printing
• Rotogravure printing
• Offset printing
• Digital printing
• Screen Printing

Based on Material, The Packaging Printing Market has been segmented as follows:
• Labels
• Paper & paperboard
• Plastic (Flexible & rigid plastics)
• Metals
• Others (Wood, glass, and textile)

Based on Application, The Packaging Printing Market has been segmented as follows:
• Food & beverage
• Pharmaceuticals
• Household & cosmetic products
• Others (automotive and electronic industry)

Based on Region, The Packaging Printing Market has been segmented as follows:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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This release was published on openPR.