Global Packaging Printing Market Increasing at A Phenomenal Pace to Reach more than USD 481.4 Billion by 2028

Major companies in virtual reality market are Mondi plc, Sonoco Products Company, Graphics Packaging Holding Company and Quad/Graphics, amongst others. These players are set to bolster the development of global packaging printing market.

According to analysts at Zion Market Research, the global Personal Care Appliances Market accounted for USD 352.1 Billion in 2020 and is expected to reach USD 481.4 Billion by 2028, growing at a CAGR of 4.2 % from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Global Packaging Printing Market by Printing Ink (Aqueous, UV-based), Printing Technology (Flexography, Rotogravure, Offset and Digital), Packaging Type (Paper, Rigid, Glass, Flexible and Others), Application (Food & Beverages, Cosmetics, Pharmaceuticals and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Increasing population and urbanization to Spur Growth

“Increasing population, urbanization, development of economies, rising demand for packed and ready to eat food, and consumer awareness for forging, hygienic and safely packed food is set to give a surge to the market,” says the author of this study. Apart from this, increasing e-commerce sector is expected to contribute significantly to the growth of packaging printing market. Delivering high- quality printing solutions at reasonable prices restraints the packaging printing growth.

The industry is highly competitive and fragmented. Companies are returning by demanding more of packaging printing solution to maintain their brand image. For instance, Britannia Industries has insisted the Indian government to ensure interstate movements of suppliers of raw materials and packaging solutions.

Presence of Big Players in The Region Support North American Dominance

Regionally, North America has been leading the worldwide packaging printing market due to the presence of major players like Sonoco Products Company, Graphics Packaging Holding Company, Quad/Graphics, among others but the market is saturated and is anticipated to continue to grow on a moderate pace. However, Asia-Pacific is projected to be the fastest growing region in this market due to the increasing adoption of online shopping in the region.  Also, in this region, the industry will witness huge advance in the coming years due to an increase in the middle-class population and their consumption of ready food and increase in per capita income. Countries such as India, China, and South Korea are emerging markets for packaging and are expected to witness the same in the coming years.

Browse the full “Global Packaging Printing Market by Printing Ink (Aqueous, UV-based), Printing Technology (Flexography, Rotogravure, Offset and Digital), Packaging Type (Paper, Rigid, Glass, Flexible and Others), Application (Food & Beverages, Cosmetics, Pharmaceuticals and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/packaging-printing-market

The global packaging printing market is segmented as follows:

By Printing Ink

• Aqueous
• UV based

By Printing Ink

• Flex0graphy
• Rotogravure
• Offset
• Digital

By Packaging Type

• Paper
• Rigid
• Glass
• Flexible
• Others

By Application

• Food & Beverages
• Pharmaceutical
• Cosmetic
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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