Packaging Printing Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Packaging Printing Market Research Report, Printing Technology, Application and Region - Forecast till 2027”, The market is projected to be worth USD 473.81 billion by 2027, registering a CAGR of 4.70% during the forecast period (2021 - 2027), The market was valued at USD 357.3 billion in 2020.
The packaging printing market outlook appears extremely positive. The market witnesses a rising preference for environment-friendly packaging and printing solutions. Demand for eco-friendly packaging printing solutions allows the market to witness an upward trajectory. As a result, the demand for packaging printing is expected to remain concentrated during the upcoming period. Other packaging printing market trends boosting the market growth include changing consumer lifestyles, rapid urbanization, and economic growth worldwide.
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Competitive Analysis
Key Companies Profiled in the Packaging Printing Market Research Report are:
Amcor Limited
AR Packaging Group AB
Belmont Packaging
DS Smith Packaging Limited
Canon Inc.
Duncan Printing Group
E.I. Du Pont Nemours and Company
Dunmore
Eastman Kodak Co.
Xeikon N.V.
Edelmann Packaging México S.A. De C.V.
Xerox Corporation
The packaging printing market witnesses several strategic approaches, such as collaboration, mergers & acquisitions, expansion, and product/technology launches. Key industry players make strategic investments to drive research & development activities and expansion plans. With the rising consumer demand for packaging printing, manufacturers look for new ways to bring innovative solutions to customers, improving their practices.
Browse In-depth Market Research Report (111 pages) on Packaging Printing
https://www.marketresearchfuture.com/reports/packaging-printing-market-2119
COVID-19 Impact
COVID-19 pandemic has positively impacted the global packaging printing market, driving the ecommerce sector. The impact of the pandemic on the packaging printing industry was swift & positive, which is projected to remain with changes to both supply and demand. On one side, industry players faced various problems, ranging from obtaining raw materials to attracting workers and delivering end products during the lockdown.
On the other hand, social distancing mandates promoted online shopping. Resultantly, packaging printing market revenues remained robust throughout the year 2020. Industry players supported the business growth of the ecommerce sector by offering cost-effective solutions that make their operations more sustainable, productive, and convenient. In 2021 and beyond, the steadily increasing demand for packaging of pharmaceutical products & medical supplies would favor the packaging printing market share.
The augmenting demand for glass vials to produce, store, and distribute COVID-19 vaccines would substantiate the packaging printing market size. Additionally, Initiatives from public and private sectors worldwide to scale up the production, packaging, distribution, and administration of the vaccine are expected to foster the packaging printing market.
Segmentation
The market is segmented into printing technology, applications, and regions. The printing technology segment is sub-segmented into flexography, gravure, and digital. The application segment is sub-segmented into food & beverage, personal care, pharmaceutical, and others. Finally, the regional segment is sub-segmented into Americas, Europe, Asia Pacific, and rest-of-the-world.
Regional Analysis
The Asia Pacific region leads the global packaging printing market, witnessing increased investments in research, development, and innovations. Besides, packaging printing market trends such as rising consumption and growth rates in the pharmaceutical sector drive the market growth. Also, rising disposable incomes, changing lifestyles, and fluctuating consumer preferences encourage the region’s packaging printing market share.
Rising demand from the booming pharmaceutical industry and the strong presence of major market players in this region positively impact the market size, leading to faster developments of various packaging printing technologies. China and India are major revenue generators in the regional market, becoming the most attractive market space for the manufacturers.
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Market Research Future Published a Half-Cooked Research Report on Global Polyolefin Market Research Report- Forecast to 2022Market Analysis:Global Polyolefin Market is predicted to touch USD 300 billion at a 7% CAGR over the forecast period (2016-2022), states the new Market Research Future (MRFR) Report.
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