PACKAGING PRINTING MARKET TO REACH USD 526.9 BILLION BY 2024 | CAGR 5.2% – FORENCIS RESEARCH

Packaging Printing Market Size, Share, Trends, Growth, Analysis, Research

Global Packaging Printing Market: Key Highlights

  • According to the new market research report Packaging Printing Market by Source (Ores and Clays, Crude Oil, Seeds and Beans), by Resins (Acrylic, Polyurethane, Epoxy, Polyesters Others), by Technology (Water-Based, Solvent-Based, Powder Coating, UV Cured Coating), by Application (Architectural and Decorative Coatings, Automotive OEM Coatings, Automotive Refinish Coatings, Packaging Coatings, Traffic Marking Paints, Marine Paints, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2024)”, the global Packaging Printing market is estimated to reach USD 249.6 Billion by 2024 at a CAGR of around 4.4% during the review period.
  • Packaging is one of the important for all types of products to help increasing shelf-life, minimizing interference of the external factors, and also offers ease in transportation. Packaging printing is used to distinguish between different products making them more attractive by printing
  • Owing to the advantages of packaging printing is widely used in various industries including pharmaceuticals, personal care, food and beverage and cosmetic
  • Developing high quality of printing at low cost is one of the major challenge faced by the market

Packaging Printing Market

Global Packaging Printing Market: Key Market Dynamics

  • Rising population and increased disposable income has increased the demand for processed, canned and ready to eat food and beverages owing to which the demand for packaging printing is expected to surge
  •  Ongoing developments by key players in the product market for better packaging solutions has may impose growth opportunities for packaging printing market
  • Growth health concerns has imposed stringent regulations on the printing inks used for food packaging is one of the major restraint for the product growth

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Global Packaging Printing Market: Regional Overview

  • Asia-Pacific

E-commerce is one of the emerging industries in the region with India and China leading the online trading business. According to World Economic Forum, in 2018 42% of global e-commerce activities has been recorded from China. Additionally, sectors such as food & beverages, and delivery and logistics are also emerging in Asia-Pacific region. Owing to the growth in these sectors has expected to surge the growth of product market.

  • Europe

Europe is expected to experience a substantial growth in the packaging printing market during the forecasted period. This is attributed by the increased disposable income, rising demand for packed foods and beverages, and others. Additionally, well established automotive sector may surge the demand for packaging printing market growth.

Global Packaging Printing Market: Key Players Overview

  • TOPPAN PRINTING CO., LTD.:

Toppan Group offers broad range of products and services with printing technologies at their core in the Information & Communication, Living & Industry, and Electronics segments. In February 2020, the company launched a new packaging system called Green Flat, with an aim to reduce plastic packaging and can be used as an alternative to conventional skin packs.

  • Mondi Group:

Mondi Group is one of the leading packaging and paper group with its presence in more than 30 countries across the globe. In September 2018, Mondi group launched new patented paper giving food packaging an option for eco-friendly packaging. Also they launched barrier solution namely branded performing which is unique, multilayer, thermoformable packaging application.

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Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.

 

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Rep Id : CM 022

Published : 2020-01-08

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