Packaging Printing Market to Eyewitness Massive Growth, Forecast 2033

Global packaging printing market is anticipated to reach USD 1,003.94 billion by 2033, at a CAGR of 8.50% from 2024 to 2033.?The growing demand for convenience and safety of products across the globe, along with increasing consumer spending on packaged products, are driving the growth of the packaging printing market. Moreover, the growing trend of e-commerce and increasing consumer preference for eco-friendly packaging materials are some of the other factors supporting the growth of the market.

Request market scope and parent market analysis sample PDF: https://www.thebrainyinsights.com/enquiry/sample-request/12537

Furthermore, the advent of digital printing technology has enabled packaging manufacturers to offer customized packaging solutions, which is further driving the growth of the packaging printing market. However, the high cost of packaging printing equipment is likely to hamper the growth of the market.

By printing technology, the digital printing technology segment is expected to witness a significant growth during the forecast period. The rising adoption of digital printing technology in the packaging industry owing to its cost-effectiveness and faster turnaround time are some of the major factors driving the growth of the segment.

By printing type, the flexographic printing segment is expected to witness a healthy growth during the forecast period. This is attributed to the increasing demand for flexographic printing due to its cost-effectiveness and ability to print on a wide range of substrates.

By material type, the paper & paperboard segment is expected to witness a healthy growth during the forecast period. This is attributed to the growing demand for paper & paperboard-based packaging materials from the food & beverage industry.

North America is expected to be the major revenue contributor to the packaging printing market during the forecast period. This is attributed to the presence of major players in the market and the increasing demand for packaged products in the region.

Major players operating in the packaging printing market include Sun Chemical Corporation, Quad Graphics Inc., Cenveo Inc., Bemis Company, Inc., Sappi Limited, and Flint Group, among others. These players are focusing on strategies such as mergers & acquisitions, collaborations, and product launches, to expand their product portfolio and gain a competitive edge in the market.