Package Printing Market

Package Printing Market Overview

Package printing is used to print folding cartons as well as labels, which are also referred to as litho labels. Lithography provides retail-quality printing. Cosmetic boxes, electronic products, and food packaging printing make use of lithographic technology. The recent advancements in technology, coupled with rising demand for creative packaging, which is substantially driven by tough competition and brand awareness, are expected to aid the growth of the market.

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Major Package Printing Market Drivers

The rising demand for package printing due to the rapid expansion in the food and beverage sector is a major factor that is likely to surge the overall market growth. Package printing is used in logos which is used to display the company’s brand and is adopted by every sector globally. Increasing awareness among the consumers for true brand value and ingredient content has significantly helped the market in lifting up the trajectory upwards. According to the Flexible Packaging Association, flexible packaging represented approximately 19% of the USD 177 billion US packaging industry in 2019, which shows the market’s enormous potential. Furthermore, the adoption of the next generation, digital printing technology, is another major factor that has helped shift the paddles for the market. Digital printing capabilities help in meeting the functional requirements, which has changed the landscape of the market. In addition, the demand for packaging printing in the pharmaceutical industry is expected to remain robust among drugs and PPE manufacturers as it is boosting the demand for packaging printing solutions to maintain the authenticity of the product to avoid anti-counterfeiting of the medicines and other goods.

Restraint in the Package Printing Market

However, high capital investment in the initial phase is a factor that is likely to hamper the overall growth of the market.  Printing machines and technologies are costly and high maintenance, which is acting as a hindrance to the growth of the market.

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Packaging Type – Segment Analysis

Based on the packaging type, labels and tags is witnessed to grow at a higher CAGR in the market over the forecast period. Labels are most widely used in packaging. They display tags of the products and are used in almost every product labeling for brand identification, showcasing the nutrition content, symbols leading to increased usage and market expansion.

Technology – Segment Analysis

Based on the technology, digital printing is anticipated to witness a higher CAGR in the market over the forecast period.  Digital printing has been adopted by the major of almost all the sectors, as it is highly preferred for packaging printing in personal care & cosmetics products. This is due to the aesthetic appeal to attract consumers at point-of-sale (POS), coupled with the rising demand for personalization in printing and packaging, which boosts the profitability of the market.

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Regional – Segment Analysis:

Based on the regional coverage, North America is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the strategic alliances performed by the key players in the region, which have lifted up the regional pie among the overall market. For instance, in 2021, Supremex Inc. announced expanding its U.S packaging market through the bolt-on acquisition of Graphic Communications LLC, an Indiana-based print and folding carton packaging provider, to increase market presence. In addition, the presence of the key players in the market like Mondi PLC, Avery Dennison Corporation, DS Smith PLC, are further driving market growth.

Top Market Players

Various notable players operating in the market, include, Mondi PLC, Ahlstrom-Munksjö Oyj, Supremex Inc., Huhtamaki Group, Avery Dennison Corporation, CCL Industries Inc., Clondalkin Group Holdings BV, Constantia Flexibles Group GmbH, Amcor PLC, DS Smith PLC, among others. 

Key Developments:

• • In 2021, Mondi PLC, started up its new speciality kraft paper machine, within its Steti mill located at Czech Republic, which has helped in the expansion of the company’s presence.

Segments covered in the Report:

The global package printing market has been segmented on the basis of packaging type, technology, application, and regions. Based on packaging type, the market is segmented into labels and tags, flexibles, corrugated, folding cartons, and others. Based on technology, the market is segmented into flexography printing technology, photogravure printing technology, offset printing technology, digital printing technology, and screen printing. Based on application, the market is segmented into food & beverage, household and cosmetic products, pharmaceuticals and others.  

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Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Packaging Type, By Technology, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Mondi PLC, Ahlstrom-Munksjö Oyj, Supremex Inc., Huhtamaki Group, Avery Dennison Corporation, CCL Industries Inc., Clondalkin Group Holdings BV, Constantia Flexibles Group GmbH, Amcor PLC, DS Smith PLC, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Package Printing Market by Packaging Type

• • Labels and Tags
  • Flexibles
  • Corrugated
  • Folding Cartons
  • Others

Global Package Printing Market by Technology

• • Flexography Printing technology
  • Rotogravure Printing Technology
  • Offset Printing Technology
  • Digital Printing Technology
  • Screen Printing

Global Package Printing Market by Application

• • Food and Beverage
  • Household and Cosmetic Products
  • Pharmaceuticals
  • Others

Global Package Printing Market by Region

• • North America Package Printing Market (Option 1: As a part of the free 25% customization)

    • North America Package Printing Market by Packaging Type
    • North America Package Printing Market by Technology
    • North America Package Printing Market by Application
    • US Package Printing Market All-Up
    • Canada Package Printing Market All-Up

  • Europe Package Printing Market (Option 2: As a part of the free 25% customization)

    • Europe Package Printing Market by Packaging Type
    • Europe Package Printing Market by Technology
    • Europe Package Printing Market by Application
    • UK Package Printing Market All-Up
    • Germany Package Printing Market All-Up
    • France Package Printing Market All-Up
    • Spain Package Printing Market All-Up
    • Rest of Europe Package Printing Market All-Up

  • Asia-Pacific Package Printing Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Package Printing Market by Packaging Type
    • Asia-Pacific Package Printing Market by Technology
    • Asia-Pacific Package Printing Market by Application
    • China Package Printing Market All-Up
    • India Package Printing Market All-Up
    • Japan Package Printing Market All-Up
    • Rest of APAC Package Printing Market All-Up

  • RoW Package Printing Market (Option 4: As a part of the free 25% customization)

    • RoW Package Printing Market by Packaging Type
    • RoW Package Printing Market by Technology
    • RoW Package Printing Market by Application
    • Brazil Package Printing Market All-Up
    • South Africa Package Printing Market All-Up
    • Saudi Arabia Package Printing Market All-Up
    • UAE Package Printing Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Package Printing Market All-Up

Major Players Operating in the Package Printing (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Mondi PLC
  • Ahlstrom-Munksjö Oyj
  • Supremex Inc.
  • Huhtamaki Group
  • Avery Dennison Corporation
  • CCL Industries Inc.
  • Clondalkin Group Holdings BV
  • Constantia Flexibles Group GmbH
  • Amcor PLC
  • DS Smith PLC