Packaging material and type helps in differentiating the products from that of the competitorís product. New and innovative technologies in packaging make production, distribution and preservatives of materials easier and more attractive. Good packag ....see more
The packaging printing market is expected to grow from USD 352.1 billion in 2020 to USD 433.4 billion by 2025, at a compound annual growth rate (CAGR) of 4.2% during the forecast period.Mondi plc (Austria), Sonoco Products Company (US), Graphics Packaging Holding Company (US), Quad/Graphics (US), Amcor Limited (Australia), Constantia Flexibles (Austria), Quantum Print and Packaging Limited (UK), WS Packaging Group (US), Toppan Printing Company (Japan), and Duncan Printing Group (UK).
PET packaging market will grow from USD 57.64 Billion in 2016 to USD 74.32 Billion by 2021, at an estimated CAGR of 5.21%. The market for PET packaging is growing due to growth in end-use industries such as food, beverage, personal care, and pharmaceutical, and rise in demand of sustainable & recyclable packaging. The emerging economies such as India, South Africa, and Brazil possess a great potential for the PET packaging market.
The variable data printing market size will grow from USD 10.79 Billion in 2016 to reach USD 22.27 Billion by 2021, at an estimated CAGR of 15.61%. The global variable data printing market is driven by basic factors, which include strong growth in demand, especially in pharmaceutical, food & beverage and other sectors. These drivers are supported by the high rise in demand from the Asia-Pacific region. Product innovations and technological developments in the market are expected to create strong investment opportunities.