Packaging Printing Market To Worth USD 180 Billion by 2022 | Global Leading Players - AmcorBelmont Packaging, Canon, DS Smith Packaging, E.I. Du Pont Nemours, Xerox, AR Packaging Group

Packaging Printing Market Information Report by Printing Technology (Flexography, Gravure, and Digital), by Application (Food & Beverage, Personal Care, Pharmaceutical, and others), and by Region - Global Forecast to 2022

The market is expected to grow at a CAGR of approximately 5%, and is expected to cross USD 180 Billion by 2022

Market Research Future published a Half-Cooked research report on “Global Packaging Printing Market Research Report - Forecast to 2023 ” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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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 are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Packaging Printing Market.

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).

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.

Global Packaging Printing Market - Competitive Analysis

Global Packaging Printing Market appears to be highly fragmented and competitive owning to the presence of numerous large and medium players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Packaging Printing manufacturers strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Packaging Printing for every application.

Industry News

In September 2017, ProAmpac, one of the largest flexible packaging manufacturers, announced that is has acquired Wisconsin-based PolyFirst Packaging. Specializing in printed/customized roll stock and various types of plastic pouches and bags, PolyFirst provides new capabilities in cold seal and e-commerce products to complement ProAmpac’s existing flexible packaging product offerings.

EFI has announced that it has completed the acquisition of Group Rhapso S.A. ("Rhapso"), a printing and packaging software solutions developer based in Les Ulis, France.

Nosco, Inc., a subsidiary of Holden Industries, Inc., announced that it has acquired assets of Knight Packaging Group, Inc., a Chicago-based offset folding carton printer with more than 50 years of experience in the industry.

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Global Packaging Printing Market - Segmentation

Global Packaging Printing Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.

Segmentation:

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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