Packaging Printing Market by Printing Technology (Flexography, Offset, Gravure, Screen Printing, and Digital printing), Printing Ink (Solvent-Based Ink, Aqueous Ink, UV Curable Ink, Latex Ink, and Others), Applications (Household & Cosmetic Products, Food & Beverages, Pharmaceutical, and Others), Packaging Type (Labels, Glass, Plastic, Metal, Paper & Paperboard, Cartons, and Others), and by Region, Global Forecast, 2020 to 2030

The technical progress to develop the printing capabilities along with growing emphasis on the appearance of packaged product drives the size of the industry. The product use for packaging and labelling applications combined with the penetration of enhanced packaging practices is the market for the product. In addition, shifting consumer inclination to packaged food due to evolving consumer preferences along with increasing middle-class incomes across developed nations would drive industry growth in the years to come. Rising supply chain management to raise the entire value chain across the industry to develop printing capabilities is contributing significantly to the rise in demand for paper-based packaging items. Although the industry scale can be limited by high initial costs associated with packaging printing equipment. However, ongoing research & development efforts will proliferate the size of the industry to enhance the characteristics and application of the printing materials.

Printing Technology Segment The market is classified into flexography, offset, gravure, screen printing, and digital printing, based on the printing technology segment. Flexography is estimated to hold a substantial share of the global packaging printing market in 2018 and digital printing is projected to expand significantly over the 2020-2028 forecast period. Printing ink market is segmented into solvent-based ink, aqueous ink, UV curable ink, latex ink, and others. In this segment, aqueous ink is anticipated to hold a major share in the coming years. Application Segment The section is split into household & cosmetic products, food & beverages, pharmaceutical, and others depending on the packaging type. The food & beverages are measured across the projected timeframe in order to maintain a large share across the regions. Packaging Type Segment The market is categorized according to the type of packaging into bottles, glass, plastic, metal, paper & paperboard, cartons, and others. The label segment is expected to rise significantly in the 2019-2020 forecast period.

Asia Pacific is analyzed to attain a major share over the forecasted period. Changing lifestyle leading to increase in consumption of packaged foods coupled with a positive economic outlook across the emerging economies, including China, and India is anticipated to spur the industry growth. The ongoing shift to establish manufacturing facilities across the region from North America, and Europe owing to low labor cost and cheap raw material is fueling the industry size. Further, ongoing investment to expand existing manufacturing capacities in order to rising demand emerging from increasing population across the region will further escalate the industry share in the coming years.

The major players of the global Packaging Printing market comprise of Mondi, Sonoco Products Company, Graphics Packaging Holding Company, Quad/Graphics, Amcor Limited, Constantia Flexible, and WS Packaging Group, including others. The market for Packaging Printing is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with the production of paper. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.