The report "Packaging Printing Market by Printing Ink (Aqueous, UV-based), Printing Technology (Flexography, Gravure, Digital), Packaging Type (Labels & Tags, Flexible), Application (Food & Beverages, Cosmetics, Pharmaceuticals), & Region - Global Forecast to 2025", The global packaging printing market size is estimated to be USD 352.1 billion in 2021 and projected to reach USD 433.4 billion by 2026, at a CAGR of 4.2%. The packaging printing market will be driven by growth in the packaging industry, demand for products with an aesthetic appeal, product differentiation, and technological advancements. In terms of packaging technology, an increase in demand for digital printing is an opportunity for packaging printing, as the market for digital printing is growing at a high rate. Also, in terms of application, growth in the food & beverage and personal care & cosmetics industries is expected to propel the market for packaging printing in the coming years.
Browse 165 market data Tables and 46 Figures spread through 206 Pages and in-depth TOC on "Packaging Printing Market by Printing Ink (Aqueous, UV-based), Printing Technology (Flexography, Gravure, Digital), Packaging Type (Labels & Tags, Flexible), Application (Food & Beverages, Cosmetics, Pharmaceuticals), & Region - Global Forecast to 2025"
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Flexible segment likely to hold 2nd largest share of the packaging printing market during the forecast period.
Flexibles includes various materials ranging from polymers, acetate film, foil, and brown paper, which has the ability to change their shape under pressure during the manufacturing process. The most common polymers used are polyethylene, polypropylene, and polyester. These are generally film plastics and can be transformed into packaging types, such as pouches and plastic bags. Packaging printing is gaining traction in the flexible packaging market due to factors such as the availability of shorter print runs, high print quality, and versatile printing on various substrates. Flexible plastics offer a wide range of benefits, such as durability, lightweight, chemical resistance, convenience, and ease of printing.
Gravure segment likely to account for the 2nd largest share of packaging printing market during the forecast period.
Rotogravure is widely used for high-quality prints producing fine images that are mostly used for printing a high volume of packages. It is an intaglio printing process that uses rotary printing, which is capable of producing continuous tone images. This process consists of the printing cylinder, rubber covered impression roll, ink fountain, doctor blade, and a unit for drying ink. It uses a cylinder that rotates in the bath of ink, known as an ink pan. The ink used in rotogravure is of low viscosity, which enables it to be drawn into the engraved cells in the cylinder and then is transferred on to the substrate. As a direct print process, rotogravure printing results in enhanced ink laydown and offers consistent print quality.
Solvent-based segment likely to grow at the highest CAGR during the forecast period.
Solvent inks are inks that contain pigments besides dyes. Unlike aqueous inks, where the carrier is water, solvent-based inks contain volatile organic compounds. Solvent inks exist in hard as well as mild forms. Though hard solvent inks offer enhanced durability even without having specialized over-coatings, they require specialized ventilation of the printing area to avoid exposure to hazardous fumes. On the other hand, mild solvent-based inks are intended for use in enclosed spaces without requiring specialized ventilation.
Rapid economic growth in China, and India is expected to propel the APAC packaging printing market in the coming years.
The rise in the economy and the rapid growth in the manufacturing sector in the APAC region have positively impacted the growth of printed packaging mediums. The rise in awareness has pushed consumers to call for product-related information before actual consumption, thereby increasing the demand for packaging printing. Also, companies are using aesthetically enhanced printing on their packaging to promote their brands in an intensely competitive market.
The packaging printing market is dominated by a few globally established players such as Mondi PLC (UK) , Sonoco Products Company (US), Graphics Packaging Holding Company (US), among others.
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