Packaging Printing Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 405.20 Billion |
| Market Size (2029) | USD 596.49 Billion |
| CAGR (2024 - 2029) | 8.04 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Packaging Printing Market Analysis
The Packaging Printing Market size is estimated at USD 405.20 billion in 2024, and is expected to reach USD 596.49 billion by 2029, growing at a CAGR of 8.04% during the forecast period (2024-2029).
The technological advancements, coupled with demand for creative packaging, driven by intense competition and brand awareness, are expected to aid the growth of the market. The growing demand for innovative packaging from end-user segments, such as food, beverage, and cosmetics, among others, is expected to lead to the expansion of the market studied.
- The growth of the print label market is augmented by the rapid rise of digital print technology that has made the label printing market more sophisticated and increased the adoption of digital print labels. Their flexibility and versatility, along with the high graphics standards, are the major growth features. It is possible to print on metallic films, plastics, cellophane, paper, and corrugated surfaces using the flexographic method.
- Moreover, advancements such as AI, machine learning, IoT, and data analytics, have personalized offerings to a great extent. The convergence in digital printing enables superiority in terms of print personalization for large-volume orders. However, the cost factor remains a big hurdle.
- RFID (Radio Frequency Identification) uses radio waves to identify various "tagged" objects or people wirelessly. RFID technology plays a vital role in the market study because it enhances the effectiveness of printing technology. RFID-enabled printers come in various sizes and capacities and can be configured using RFID printer software to meet a wide range of security and other business needs.
- Development in the packaging printing industry, demand for aesthetics, product differentiation, and technological advancements are some digitally printed packaging market drivers. A significant initial investment is required to install production and printing equipment. Setting up a factory or purchasing a printing press requires higher investments. There is a growing demand for economical, sustainable, and innovative printing technologies.
- During COVID-19, as compared to other industries, fewer lockdowns were observed in the packaging industry as the packaging, food, beverage, and medical industries were considered essential. Furthermore, the huge demand for staples and medicines was due to panic-driven buying. Several supply chain constraints resulted in a mixed COVID-19 impact on the packaging printing market growth.
Packaging Printing Market Trends
This section covers the major market trends shaping the Packaging Printing Market according to our research experts:
Food and Beverage Sector is Expected to Hold Significant Market Share
- The packing industry has undergone an immense transformation over the last couple of years, owing to the increase in the number of start-ups worldwide, the introduction of diversified categories of food and non-food products, and increased demand for food and beverage during the pandemic.
- The demand for printing in food packaging is increasing owing to rising consumer demand for packaged products due to the shift in eating habits, and evolving lifestyles may have an imperative impact on the market. A rise in per capita disposable income and a growing population are expected to aid in the product demand owing to high barrier properties, shelf life, and consumer safety. Printing on food packaging materials is used for consumer information and marketing purposes. Printings are used with many different packaging materials. Plastics, paper, board, and cork may be directly printed.
- As the food contents are printed on the product helps in the awareness regarding the food item; the demand for product transparency increased among the buyers, which has led to high demand for packaging printing in the food sector. There is a growing demand for natural and highquality foods, which are minimally processed or unprocessed, do not contain preservatives, and offer a longer shelf-life. Packaged food is used for various purposes, such as barrier and contamination protection, convenience, and portion control. Sustainable packaging addresses food waste and loss reduction by safety issues by preventing food-borne diseases and chemical contamination and preserving food quality.
- A consumer's buying behavior plays a vital role in the growth of packaged food market. For a couple of years, consumers have been tilted toward convenient food. A fast-paced, hectic lifestyle, time constraints for meal preparations, developing e-commerce, and rising disposable income have boosted packaged food sales. An increasing preference for convenience is expected to bolster the demand in the market studied.
- The e-commerce sector, which was already booming, saw a sudden increase in sales during the pandemic. During the pandemic, many grocers shifted their business online to promote no-contact shopping. According to UNCTAD, the online retail sector grew its sales from 16% to 19% in 2020.
- According to Just Eat Takeaway.com, a Dutch online platform specializing in online food ordering and home delivery, in 2021, Just Eat Takeaway.com received approximately 1.09 billion orders, a significant increase compared to the previous year when the company counted 588 million, which propelled the packaging printing market.
Asia-Pacific is Expected to be the Fastest-growing Market
- The packaging printing market is widespread in the Asia-Pacific region concerning multiple printing technologies and applications in various industries. Various industries related to food and beverage, consumer electronics, etc., in countries like China, India, Japan, and South Korea have resulted in significant demand for packaging solutions in the region.
- The demand for packaging printing is expected to rise in the Asia-Pacific region alongside the packaging industry. The packaging industry is propelled by the growing increase of nuclear families, new packaging material, increasing customer comfort needs, and population aging. Another factor anticipated to drive consumer growth is the rising demand for packaged drinks. The growing demand for bottled water, alcoholic beverages, carbonated soft drinks, and canned juices has increased the purchase and consumption of bottled beverages.
- Packaging printing has broadly used in the food and beverage, pharmaceutical, household and cosmetic, electronic, and automobile industries. For example, packaging printing is commonly used in the food and beverage industry, owing to the growing trend of digital data printing on food packages to convey the product's shelf-life, content, and nutritional value.
- The rising demand for packaging printing applications would fuel market growth over the forecast period. Moreover, factors such as growth in demand for sustainable printing, growing demand for flexible packaging, cost-effectiveness, and decreased packaging waste, drive the packaging printing market. The growing healthcare sector and the popularity of convenient packaging are the main drivers of the packaging printing market.
- In the Asia-Pacific region, the packaging printing market is primarily driven by increasing consumer spending and rising demand for sustainable products. An increase in processed food consumption is driving the market's growth. Emerging technologies for packaging printing can also be seen as a driving factor for the development of the market. The growing pharmaceutical industry and the increasing demand for convenient packaging are major growth factors for this market.
Packaging Printing Industry Overview
The competitive rivalry in the packaging printing market is high, owing to the presence of some key players, such as Mondi PLC, Ahlstrom-Munksjö Oyj, Autajon CS, Huhtamaki Flexible Packaging (Huhtamaki Oyj), and Avery Dennison Corporation, among others. Their ability to continually innovate their offerings has allowed them to gain a competitive advantage over others. Through strategic partnerships, R&D, and mergers and acquisitions, the players have been able to gain a greater footprint in the market.
- May 2022 - Avery Dennison Graphics Solutions stated that it would join forces with Siser North America to penetrate the DIY/crafter sector. Siser, a market leader in heat-transfer vinyl and a specialist in personalization and modification, has been in the consumer craft market for more than 40 years.
- May 2022 - Mondi invested EUR 125 million in the Kuopio mill in Finland. Following Mondi's MAP2030 sustainability objectives, the major capex project will boost production capacity, strengthen competitiveness, improve safety, and help the local environment. Mondi's investment in the Kuopio mill recognizes its importance to Mondi's sustainable product portfolio and the local economy. Kuopio mill manufactures semi-chemical fluting - ProVantage Powerflute, a high-performance, high-quality containerboard grade used as an integral component of fresh fruit and vegetable trays and boxes.
Packaging Printing Market Leaders
Mondi PLC
Ahlstrom-Munksjö Oyj
Autajon CS
Huhtamaki Flexible Packaging (Huhtamaki Oyj)
Avery Dennison Corporation
*Disclaimer: Major Players sorted in no particular order
Packaging Printing Market News
- September 2022 - AutajonGroup recently announced that Californian company ZappPackaging joined its Packaging Division. The acquisition is intended to strengthen the company's operations in the United States, specifically in California.
- April 2022 - Huhtamaki introduced the Push Tab blister lid, a first-to-market PET blister lidding made from a single material without any metal for the global healthcare sector. Push Tab blister lid operates on current blister packaging lines without sacrificing speed. Thus, the invention is expected to deliver sustainable packaging solutions for the expanding global healthcare industry.
Packaging Printing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Market Drivers
4.4.1 Demand for the Use of RFIDs and Digital Printing
4.4.2 Growing Demand for Digital and Sustainable Packaging Printing
4.5 Market Restraints
4.5.1 High Capital Investments
4.5.2 Packaging and Printing Regulations
5. MARKET SEGMENTATION
5.1 By Printing Technology
5.1.1 Offset Lithography
5.1.2 Rotogravure
5.1.3 Flexography
5.1.4 Digital Printing
5.1.5 Screen Printing
5.2 By Ink Type
5.2.1 Solvent-based Ink
5.2.2 UV-curable Ink
5.2.3 Aqueous Ink
5.3 By Packaging Type
5.3.1 Label
5.3.2 Plastic
5.3.3 Glass
5.3.4 Metal
5.3.5 Paper and Paperboard
5.4 By Application
5.4.1 Cosmetic and Homecare
5.4.2 Food and Beverage
5.4.3 Pharmaceutical
5.4.4 Other Applications
5.5 By Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia Pacific
5.5.4 Latin America
5.5.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Mondi PLC
6.1.2 Ahlstrom-Munksjo Oyj
6.1.3 Autajon CS
6.1.4 Huhtamaki Flexible Packaging (Huhtamaki Oyj)
6.1.5 Avery Dennison Corporation
6.1.6 CCL Industries Inc.
6.1.7 Clondalkin Group Holdings BV
6.1.8 Constantia Flexibles Group GmbH
6.1.9 Amcor PLC
6.1.10 Smurfit Kappa Group PLC
6.1.11 DS Smith PLC
6.1.12 Georgia-Pacific LLC
6.1.13 International Paper Company
6.1.14 Sealed Air Corporation
6.1.15 WestRock Company
6.1.16 Stora Enso Oyj
6.1.17 Sonoco Products Company
6.1.18 Mayr-Melnhof Karton AG
6.1.19 Trustpack UAB
6.1.20 Duncan Printing Group
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Packaging Printing Industry Segmentation
Packaging printing is defined as the process of printing packaging material, such as glass, metal, plastic, label, paper, and paperboard, among others, through various printing processes, such as offset lithography, rotogravure, flexography, digital printing, and screen printing, using different ink types. It is used across applications such as food and beverage and pharmaceutical.
The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, supporting the market estimations and growth rates over the forecast period. The study tracks the revenue accrued from the various types of packaging printing that are used across end-user industries. The study also provides the printing packaging market trends, along with key vendor profiles. It further analyses the overall impact of COVID-19 on the ecosystem.
| By Printing Technology | |
| Offset Lithography | |
| Rotogravure | |
| Flexography | |
| Digital Printing | |
| Screen Printing |
| By Ink Type | |
| Solvent-based Ink | |
| UV-curable Ink | |
| Aqueous Ink |
| By Packaging Type | |
| Label | |
| Plastic | |
| Glass | |
| Metal | |
| Paper and Paperboard |
| By Application | |
| Cosmetic and Homecare | |
| Food and Beverage | |
| Pharmaceutical | |
| Other Applications |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East and Africa |
Packaging Printing Market Research FAQs
How big is the Packaging Printing Market?
The Packaging Printing Market size is expected to reach USD 405.20 billion in 2024 and grow at a CAGR of 8.04% to reach USD 596.49 billion by 2029.
What is the current Packaging Printing Market size?
In 2024, the Packaging Printing Market size is expected to reach USD 405.20 billion.
Who are the key players in Packaging Printing Market?
Mondi PLC , Ahlstrom-Munksjö Oyj , Autajon CS , Huhtamaki Flexible Packaging (Huhtamaki Oyj) and Avery Dennison Corporation are the major companies operating in the Packaging Printing Market.
Which is the fastest growing region in Packaging Printing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Packaging Printing Market?
In 2024, the Asia-Pacific accounts for the largest market share in Packaging Printing Market.
What years does this Packaging Printing Market cover, and what was the market size in 2023?
In 2023, the Packaging Printing Market size was estimated at USD 375.05 billion. The report covers the Packaging Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Packaging Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the latest trends in Packaging Printing Market?
Current trends in the Packaging Printing Market are: a) Rising use of digital printing for customization and personalization b) Sustainable printing practices c) Integration of smart technologies for interactive packaging
What role does sustainability play in the Packaging Printing Market?
Sustainability is becoming increasingly important, with companies seeking eco-friendly inks and recyclable materials to meet consumer demand for sustainable packaging options.
Packaging Printing Industry Report
The global packaging printing market is flourishing, driven by the demand for aesthetically pleasing, branded packaging solutions, crucial for industries like food & beverage and personal care & cosmetics. This growth is fueled by the rise of e-commerce and personalized packaging needs, pushing businesses towards innovative printing technologies such as digital and 3D printing. These technologies not only offer high-quality prints and color variety but also support on-demand printing capabilities, essential for creating eye-catching designs that enhance the unboxing experience and reinforce brand identity. Additionally, there's a growing demand for sustainable printing solutions, as both companies and consumers seek eco-friendly options to reduce environmental impact. Packaging printing companies are responding by investing in new technologies and processes to meet these evolving needs, ensuring their offerings stand out with appealing packaging designs that captivate consumers. According to Mordor Intelligence™ Industry Reports, the market is witnessing significant revenue growth, with detailed analysis and forecasts available in their free report PDF download, highlighting the market share, size, and the pivotal role of packaging printing companies in this dynamic industry landscape.
