What is Printing for Packaging Market?
When it comes to your product packaging, you need to ensure that you create a design that makes your product stand out from the competition. Different printing methods, each of which has different strengths and weaknesses that you should be aware of. Using the correct printing for packaging is important and your best option will depend on several different factors. The print industry constitutes around four per cent of the global market. The rapid growth of exports, which requires superior packaging standards for the international market. With this, the need for adopting better packaging methods, materials and machinery to ensure quality has become very important for Indian businesses.
Highlights from Printing for Packaging Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | International Paper (United States), Xeikon (Netherland), WestRock (United States), Blue Label Digital Printing (United States), Tetra Laval (Switzerland), Cenveo (United States), Amcor (Australia), Edwards Label (United States), Oji Holdings (Japan), Traco Manufacturing (United States), Crown Holdings (United States), Ball Corporation (United States) and Smurfit Kappa Group (Ireland) |
The key manufacturers are targeting the innovations of the products with better quality, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Printing for Packaging market throughout the forecasted period.
International Paper (United States), Xeikon (Netherland), WestRock (United States), Blue Label Digital Printing (United States), Tetra Laval (Switzerland), Cenveo (United States), Amcor (Australia), Edwards Label (United States), Oji Holdings (Japan), Traco Manufacturing (United States), Crown Holdings (United States), Ball Corporation (United States) and Smurfit Kappa Group (Ireland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are AmbitionBox (India), Stora Enso (Finland), Stora Enso (Finland) and Reynolds Group Holdings (New Zealand). Printing for Packaging Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Business, Advertising and Other |
Type | Flexography, Digital Printing, Rotogravure and Lithography |
Packaging Type | Corrugated,Folding cartons,Flexible packaging,Labels,Others |
Format | Large format printing,Full color printing,Variable data printing,Others |
On the basis of geography, the market of Printing for Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Trend for Asthetic Printing solutions in end-use, Print and Packaging Sectors Seeing Growth With Technology Interventions and Flexography is a Popular Choice of Printing Due to its High Press Speeds
Market Growth Drivers:
Digital Print in Packaging Boosts During Pandemic Due to Highly Effective in Producing top-class Print Quality for Labels, Lithography is a Popular Printing Method for all Types of Marketing Materials. From Business Cards, to Brochures and Sell Sheets and Growth in the Packaging Industry is Mainly Driven by the Food and Pharmaceutical Packaging Industry
Challenges:
Challenge of Smart Automation is the Ability of Companies to Increase Throughput and Grow Their Businesses
Restraints:
Companies Using Oldest type of printing technique Can Hamper the Growth of The Market and Not Environmentally Friendly by Using Traditional Offset Printing Methods, the only Option is to Print in Bulk, this Means there Can be More Waste Leftover
Opportunities:
Increasing Creativity and Asthetic Printings in Emerging Countries, Growing Both Small and Medium Enterprises in Print and Packaging Industry and Increasing New Investors in Print industry Capita Packaging Consumption in India
Key Target Audience
Printing for Packaging Manufacture, Printing for Packaging Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 7th Oct 2020, CJK Group, the grand master consolidator of formerly distressed assets in the book manufacturing and journal printing segments, adds another chapter to its book of business with the acquisition of Cenveo Publisher Services and Cenveo Learning. The acquired business units will be merged with its existing content services businesses, Sheridan Journal Services and the hosting platform Sheridan PubFactory. The various business units will now all be rolled up together and rebranded as KnowledgeWorks Global.
On 10TH Sep 2021, Covid-19 has been accelerating the use of digital print in packaging to USD 21.1 billion in 2021, new Smithers data finds through 2020 and into 2021, inkjet and electrophotography printing has secured new markets in labels and packaging. Data from the new Smithers report – The Future of Digital Print for Packaging to 2026 – shows total value for this will reach USD 21.1 billion in 2021.