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Packaging Printing Market worth 574.47 Billion USD by 2026

(Food-Beverage-News.Com, October 04, 2018 ) The report "Packaging Printing Market by Printing Ink (Aqueous & UV-Based), Printing Technology (Flexography, Gravure, Digital), Material (Paper & Paperboard, Plastic), Application (Food & Beverage, Cosmetics, and Pharmaceutical), and Region - Global Forecast to 2026", The packaging printing market size is projected to grow from USD 342.48 Billion in 2016 to reach USD 574.47 Billion by 2026, at a CAGR of 5.3%

Browse 141 market data tables and 49 figures spread through 202 pages and in-depth TOC on “Packaging Printing Market by Printing Ink (Aqueous & UV-Based), Printing Technology (Flexography, Gravure, Digital), Material (Paper & Paperboard, Plastic), Application (Food & Beverage, Cosmetics, and Pharmaceutical), and Region - Global Forecast to 2026”


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The global packaging printing market is witnessing demand owing to the rise in manufacturing activities. The market is driven by factors such as strong growth in the demand from the food and pharmaceuticals sectors. The growing pharmaceutical industry and the popularity of using convenient packaging are the major drivers of the packaging printing market.

Food & beverages segment is estimated to be the fastest-growing segment during forecasted period (2016-2026)

The food & beverages segment is estimated to be the fastest-growing segment during forecast period (2016–2026). The demand for packaging printing is experiencing high demand from the food & beverage industry, mainly because of the growing demand for packaged and branded products. Increase in demand for product differentiation and labeling for their authentication drives the market growth for printing in the food & beverage packaging segment.

Label market segment is estimated to have the largest share in 2015

The packaging printing market, on the basis of packaging type, is classified into labels, flexible packaging, corrugated, folding cartons, and others, which includes rigid plastic packaging and metal packaging. The labels segment accounted for the largest share in 2015 due to its numerous application such as displaying sequential barcodes and numbering, variable text, titles, or graphics, and add substantial value to the product.


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Asia-Pacific projected to account for the largest share in the packaging printing market in 2021

Asia-Pacific, with emerging economies such as China and India, is expected to drive the packaging printing market. China is projected to account for the largest market share and dominate the Asia-Pacific packaging printing market in 2021. The growing healthcare and food & beverage industries are likely to drive the demand for packaging printing in China. In addition to this, the country’s large consumer base, overall positive economic environment, and increase in manufacturing activities will drive demand in the packaging industry.

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.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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sales@marketsandmarkets.com

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