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Packaging Printing Market : Global Major Key Players Research – Forecast to 2022
Market Research Future added New Report Named "Global Packaging Printing Market Research Report- Forecast 2022" to its Database.
Global Packaging Printing Market - Overview
Packaging is used for protecting the products from storage and distribution purpose. Package printing is a type of label which is a written, electronic and graphical representation on the package. The Global Packaging Printing Market is growing with the rapid pace; mainly due to the increasing manufacturing activities across the globe.
According to a recent study report published by the Market Research Future, The global market of Packaging Printing is booming and expected to gain prominence over the forecast period. The global Packaging Printing market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, CAGR of during the estimated period (2017 – 2023).
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Currently, high growth in packaging industry especially in emerging economies such as China and India mainly due to the factors such as rising per capita income and increasing demand for innovative packaging printing are expected to propel growth of the packaging printing market in the coming years. Additionally, economic development adding new consumers in numerous countries is playing a critical role in pouring growth of the global packaging printing market.
The market is expected to grow at a CAGR of approximately 5%, and is expected to cross USD 180 Billion by 2022
The key players of global packaging printing market are AR Packaging Group AB, Amcor Limited, Belmont Packaging, Canon, Inc., DS Smith Packaging Limited, Duncan Printing Group, Dunmore, E.I. Du Pont Nemours and Company, Eastman Kodak Co., Edelmann Packaging México S.A. De C.V., Xeikon N.V., and Xerox Corporation.
Global Packaging Printing Market - Segmentation
Global Packaging Printing Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
On the basis of technology, the market has been segmented as flexography, Gravure, and Digital. flexography dominates the technology segment of the market. This technology has the ability to print images that are superior in quality and to withstand various climatic conditions. Digital printing technology is expected to grow at a highest CAGR during the forecast period. This technology is it is highly preferred for packaging printing in personal care & cosmetics products, due to aesthetic appeal facility to attract consumers at point-of-sale (POS).
On the basis of application, the market has been segmented into Food & Beverage, Personal Care, Pharmaceutical, and others. Food and beverages are the major applications of the market. Demand for ready-to-eat and on-the-go foods and drinks continues to grow. With increase in the consumption of processed food will increase the demand of the market. Personal Care is also is also the major application of the market.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Global Packaging Printing Market - Regional Analysis
Asia Pacific dominates the global packaging printing market and expected to grow at the fastest pace during the forecast period. High growth in the retail sector, favorable economic conditions in the region, significant growth of the flexible packaging market, and advancement in the food packaging industry are the factors driving the growth of the market in the region. High growth in In Asia Pacific region, China, India, Malaysia, and Indonesia are major markets for Packaging Printing. China accounted for the largest share in Asia pacific region mainly due to strong economic growth.
Europe dominates the global Packaging Printing market. The U.K., Germany and France dominate the Packaging Printing market in Europe. Growing demand for consumer goods and packaged foods is expected to spur market growth.
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