Packaging Printing Global Scale
The global packaging printing market exceeds $100 billion and is expected to grow at a CAGR of 4.1% to over $600 billion by 2029.
Among them, plastic and paper packaging is dominated by Asia-Pacific and Europe. Asia-Pacific accounted for 43%, Europe accounted for 24%, North America accounted for 23%.
Packaging application scenarios compound annual growth rate of 4.1%, the product focus on application markets to beverage food. It is expected that food, cosmetics, healthcare and other consumer goods scenarios packaging demand growth will be higher than the average (4.1%).
Packaging Printing Global Trends
E-commerce and Branded Packaging
Global e-commerce penetration accelerates, with global e-commerce sales share at 21.5% in 2023, rising 22.5% by 2024.
E-commerce packaging CAGR of 14.8%
Branded packaging CAGR of 4.2 %
Food & Beverage Packaging
Consumer lifestyle changes non-dining consumption increase, with the global food and takeaway growth, pulling up the demand for plastic packaging / film and other food and beverage packaging. Among them, in 2023 China's plastic packaging exports of about 5.63 billion, growth rate of 19.8% (higher than in 2022 China's plastic packaging exports of 9.6%), and the application of food use accounted for more than 70% of the overall film.
Green Packaging Eco Sustainable packaging
The regulatory environment and substitution trend of plastic packaging use is getting stronger and stronger, giving rise to the outbreak of environmentally friendly green packaging. Paper instead of plastic, degradable, recyclable and renewable have become the consensus and trend of the industry development.
The global green packaging market volume in 2024 is about 282.7 billion U.S. dollars.
Printing Technology :
• Flexo printing
• Gravure print
• Offset printing
• Digital printing
Printing Ink
• Food&beverage
• Household&cosmetics
• Pharmaceutial
• Others(Includes automative and eletronics industries)
Application Of Printing Packaging Market
• Food&beverage
• Household&cosmetics
• Pharmaceutial
• Others(Includes automative and eletronics industries)
FAQS
1.What is the total CAGR expected to be recorded for the packaging printing market during 2020-2025?
The global printing packaging market is expected to record a CAGR of 4.2% 2020-2025.
2.What are the driving factors for the packaging printing.
The packaging printing market is primarily driven by the packaging industry.The need for shelf appeal,and product differentiation compels the cosmetic & toiletry,healthcare,consumer goods, and food & beverage industries to rely on.
3.Which are the significant players operating in the packaging printing market.
Mondi PLC(UK), Sonoco Products Company (usa) .Pack mic playing important role in Chinese printing packaging market.
4.Which region will lead the packaigng printing market in the future.
Asia pacific is expected to lead the packaging printing market during the forecast period.
Post time: Aug-16-2024
