Packaging Printing Industry Is Expected to Cross USD 180 Bn By Forecast 2022

Posted by sagark on January 2nd, 2020

Summary

Packaging Printing Industry Business, Future Scope, Statistics, Trends, Analysis | information by Printing Technology (Flexography, Gravure, and Digital), by Application (Food & Beverage, Personal Care, Pharmaceutical, and others), and by Region - Global Forecast to 2022 

Packaging Printing Market Synopsis

The packaging industry is flourishing, which is anticipated to drive the growth of the global packaging printing market in the forthcoming years. According to the observation offered by Market Research Future  (MRFR), the global market is estimated to touch USD 180 Bn mark in terms of revenue by 2022. The report also suggests that the packaging printing market is set to mark 5% CAGR across the forecast period.
Packaging industry attracts huge investments from end-users in order to accelerate revenue creations. Packaging is a key area in strategizing marketing tactics. The printing and packaging of a product ensures brand recall, brand recognition, and brand visibility. Thus, the global packaging printing market is poised to thrive with the growth of the end-user industry verticals.
The food & beverage industry is set to exhibit exceptional growth owing to the rising demand for convenience food. Factors such as increasing disposable income, urbanization, rising working population is likely to fuel demand in the industry. This, in turn, is expected to benefit the growth trajectory of the packaging printing market in the nearby future.

Competitive Dashboard

• AR Packaging Group AB
• Belmont Packaging
• Amcor Limited
• Canon, Inc.
• Duncan Printing Group
• Xeikon N.V.
• DS Smith Packaging Limited
• Dunmore
• Eastman Kodak Co.
• I. Du Pont Nemours and Company
• Edelmann Packaging México S.A. De C.V.
• Xerox Corporation

Intended Audience

• Packaging Printing manufacturers
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

Packaging Printing Industry Segmentation

On the basis of printing technology, the global packaging printing market has been segmented into Gravure, flexography, and Digital. Among these, the digital segment is anticipated to register a significant CAGR across the review period. The rising demand for digital printing owing to its convenience is poised to drive the expansion of the segment in the years to come.
On the basis of application, the key segments of the packaging printing market assessed in this MRFR study are - Food & Beverage, Pharmaceutical, Personal Care, and others. The food & beverage segment is likely to lead the growth of the global market place over the next couple of years. Increasing demand for packaged and banded food is prognosticated to catapult the segment on upward trajectory. 

Regional Analysis

The assessment of the global packaging printing market, on the basis of region, is covered in this MRFR report on both regional and country-level basis. The main regional segments of the market are - Asia Pacific (APAC), North America, Europe, and the Rest of the World (ROW). Asia Pacific is the dominant regional segment of the packaging printing market. Increasing demand from end-user industries such as healthcare, food & beverage, etc. are presumed to drive the proliferation of the market in the foreseeable future. China is anticipated to emerge as the largest consumer over the next couple of years. Europe, on the other hand, is likely to maintain the second position in the global packaging printing market through the assessment period.

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