Packaging Printing Market is to grow at 4.5 % CAGR, with the United States leading the market through 2030

Packaging Printing Market to Hit USD 684.03 Bn by 2030

The Packaging Printing Market was USD 502.64 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 4.5 % from 2023 to 2030, reaching USD 684.03 Bn by 2030. North America, including the United States 2024 held a market share of 32.38 %. Online shopping's explosive development has led to a huge need for packaging solutions that both improve brand exposure and safeguard goods during transportation. Businesses may use printed packaging to provide distinctive branding, which improves the whole shopping experience and boosts consumer happiness. Businesses are being pushed to use sustainable packaging solutions by regulations designed to reduce plastic waste and promote eco-friendly alternatives. The adoption of 3D printing technology is starting to have an impact on production and package design.

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Packaging Printing Market Segmentation

By Product: The corrugated Packaging segment is mostly used in transportation and shipping due to its durability and protection capabilities. Eco-friendly flexible packaging is becoming more and more popular as companies use recyclable or renewable materials. Folding Cartons are often used in luxury packaging like cosmetics and high-end food products. Labels and tags are becoming more useful due to the growing usage of smart labels, such as RFID tags and QR codes.

By Application: In the Food & Beverage industry demand for high-end packaging and distinctive brands in food items such as convenience meals, drinks, and snacks are driving the segment. To draw customers, printed packaging is frequently used for household goods including air fresheners, detergents, and cleaning supplies. In the pharmaceutical industry, tamper-evident packaging and serialization are crucially increasing.

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Packaging Printing Market Regional Analysis

The Canadian Packaging printing market is experiencing steady growth in food & beverage, cosmetics, pharmaceuticals, and e-commerce. Canada's cosmetics and personal care sector is expanding, and companies are looking for more upscale, visually pleasing, and eco-friendly packaging options. The major key player BASF known for its offering sustainable printing inks and coatings for packaging drives the Packaging printing market.

France's strict environmental laws are encouraging companies to use more environmentally friendly packaging. The European Union and the French government are supporting programs including eco-friendly packaging materials, recyclability, and a decrease in plastic. Arjowiggins Graphic a leading company in the packaging printing sector is a major key player.

Macau has long been known as a center for luxury retail. A major factor in the demand for souvenirs, including high-end presents and locally branded goods, is Macau's tourist sector. According to the Special Administrative Region (SAR) of China, Macau is probably in line with Chinese environmental laws that encourage environmentally friendly packaging.

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Packaging Printing Market Competitive Landscape

Amcor Ltd.: The acquisition of Bemis Company, Inc. was one of Amcor's biggest purchases, which was valued at approximately $6.8 billion. Amcor also acquired Alusa, a packaging company based in Chile, and the Packaging Business of Alcan, which was part of the Rio Tinto Group.

Mondi Group: Mondi acquired Powerflute, a well-known fluting paper producer for €365 million. Mondi also acquired Mayr-Melnhof's Uncoated Fine Paper Mill in the Czech Republic and Stora Enso's FSC® (Forest Stewardship Council).

Smurfit Kappa: Smurfit Kappa acquired the Papeteries de Gennevilliers, Consolidated Container Company to expand the packaging printing market into the US, and a carton board mill in Spain.

Conclusion

Packaging printing will continue to play a crucial role in the global packaging ecosystem as sectors adopt more individualized, environmentally responsible, and effective packaging solutions.
In this competitive and dynamic market, businesses that emphasize innovation, sustainability, and customer requirements are likely to succeed.

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