Europe Printed Packaging Market Growth, Business Opportunities, Restraints and Demand 2021 to 2026

Europe Printed Packaging Market report provides an in-depth analysis of the COVID-19 impact, key player’s strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Market report focus to provide extensive information on industry with market overview, key trends and business plans for Europe Printed Packaging market.

The European printed packaging market was valued at 61.34 USD billion in 2020, and it is expected to reach a value of USD 78.70 billion by 2026, while registering a CAGR of 4.2%, during the period 2021- 2026.

The growing technological advancements and expanding the end-user industry’s packaging applications are some of the major factors driving the growth of the printed packaging market in Europe. Although the advancement rates are higher in the western part of the region, the countries in Eastern Europe are also offering massive potential for the studied market vendors to expand in the region.

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Industry News:

- Feb 2020 - Sonoco acquired TEQ Thermoform Engineered Quality, a global manufacturer of thermoformed packaging, serving healthcare, medical device and consumer markets, and will rename and brand all its manufacturing locations strictly as TEQ. This includes facilities across Europe, currently branded as Plastique. The legal name will become SONOCO TEQ, with the appropriate company type dependent on the region of the facility.

- Oct 2019 - Smurfit Kappa continues its investment in sustainable technology in Mexico, by launching a new digital printer. An advanced new printer (the Barberan Jetmaster 1890) is expected to be installed in the Atlacomulco Corrugated Plant in Mexico in response to the growing need for high-volume digital printing. The new single pass high performance printer has the capacity to print up to 12 million m2 annually, significantly reducing the lead time to get products to market.

Key Market Trends:

Label Type is Expected to Register the Highest Market Growth

- Wet glue labels are used in a variety of applications, including bottling, box covering, lamination, and food wrapping. Wet-glue labels are being widely used for alcoholic drinks. The rise in the consumption of alcohol in Europe is boosting the market's growth. For instance, according to the Department for Environment, Food, and Rural Affairs (DEFRA), in 2017/18, an average of 728 milliliters of alcoholic drinks (for at-home consumption) was consumed per person per week in the United Kingdom (UK).

- Pressure-sensitive labels (PSL) consist of five individual layers, such as liner, release coat, adhesive, face stock, and topcoat, and are analogous to a high-tech sticker. A PSL can use paper, film, and foil as its primary label materials and can be used with a wide range of inks to produce sharp and bright colors. Owing to the ease of use, cost-effectiveness, and versatility offered by PSLs, the demand for such labels is increasing.

- The multi-part labels help to prevent theft, increase the chance of asset recovery, and enhance tracking. The factors that are responsible for the growth of the multi-part labels are the growth of the food and beverage industry, and growing security issues of any equipment as products can get stolen, accidentally inventoried by subcontractors, or moved to another department.

- Growing financial stability has positively impacted the development of the European region for the packaging industry, specifically, for in-mold labels. In-mold labels are witnessing an increasing demand from France and Germany due to the increasing manufacturing output, rising income and consumption level, and increasing demand for effective labeling solutions.

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Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2016 to 2020 historically and from 2021 to 2026 forecast, it also includes the impact of Post-Covid-19 both on the short- and long-term prospects of the industry.

This Europe Printed Packaging Market report addresses:

The Market size from 2016-2020
Expected market growth until 2026
Forecast of how market drivers, restraints, and future opportunities will affect
Segment and regions that will drive or lead market growth and why
Comprehensive mapping of the competitive landscape
In-depth analysis of key sustainability strategies adopted by market place

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- Post Covid-19 Analysis

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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