The Global Packaging Printing Market size is projected to grow from USD 352.1 billion in 2020 to USD 433.4 billion by 2025, at a CAGR of 4.2% during the forecast period, as per the recent study by MarketsandMarkets™.
The growth of this market is attributed to the cost-effectiveness of packaging printing technique and growing demand for food & beverage product packaging with high aesthetic appeal & correct branding. Packaging printing is a means of reproducing graphics or texts on packaging substrates by utilizing various printing methods, such as flexography, rotogravure, screen printing, offset, and digital printing. Printing can be incorporated on different packaging media, such as corrugated boxes, cartons, bags, metal, cans, tags, and labels. Printing on packaging mediums provides a variety of benefits such as photo-realistic illustrations, aesthetic appeal, better communicability, and plays a role in the marketing, promotional, and distributional activities of end-products.
Key Findings of the Study:
- The flexible segment is likely to hold the 2nd largest share of the packaging printing market during the forecast period.
- Gravure segment likely to account for the 2nd largest share of packaging printing market during the forecast period.
- The Solvent-based segment is likely to grow at the highest CAGR during the forecast period.
- Rapid economic growth in China, and India is expected to propel the APAC packaging printing market in the coming years.
