Global Packaging Printing Market: Overview
The packaging industry requires certain standards to meet the quality, innovation, and efficiency of the industry. All these demands are obtained in the packaging printing. The printing packaging industry uses different types of technologies and inks. The technologies that are used in the packaging printing industry are flexographic, offset, rotogravure, and digital. The flexographic method is a type of relief printing where the ink is applied to the plate on which the image that is to be printed is raised above the surface. The packaging printing is used in various packaging processes which include paper and paperboard, flexible packaging, glass, metal, rigid plastic, and others.
Global Packaging Printing Market: Segmentation
The packaging printing market is globally segmented into its ink type, the technology used, material, and application. On the basis of the type of printing ink used, the global market is segregated into solvent-based, aqueous, UV-curable, latex and dye sublimation inks. Based on the printing technology, the market is categorized into rotogravure printing, digital printing, flexography printing, offset printing, and screen printing. Depending on the type of material used, the market is divided into paper & paperboard, metals, labels, plastic (rigid or flexible plastics), textile, wood, glass, and others. The different applications where packaging printing is used include food & beverage, household & cosmetic products, pharmaceuticals, electronic and automotive industry.
Global Packaging Printing Market: Growth Factors
The key factor that drives the packaging printing market is the wide application of packaging printing in the food & beverages industry, healthcare sector, cosmetics and toiletries, and others. The other factors that are contributing to the market growth include the high disposable income of the consumers and their spending, the rise in the demand for the sustainable products, and the innovations that are made in this sector. The growth of the packaging printing market is driven by the rising utilization of the nuclear households, increasing demand by the consumers for convenience, the latest development of packaging materials, and the increasing population. Owing to the economic development in the various regions the packaging printing is developing in the global market.
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Global Packaging Printing Market: Regional Analysis
Geographically, the packaging printing market is diversified into regions such as North America, Asia-Pacific, Europe, and Rest of the World. The region that dominates the packaging printing market is Asia Pacific. Asia Pacific is followed by Europe and North America. The factor that attributes to the market growth in the North America and European region is the high disposable income. The growth of the packaging printing market in the Asia-Pacific region is owing to the fact that the major market players have their presence in this region.
Global Packaging Printing Market: Competitive Players
The major market players in the packaging printing market include HP Inc., Toppan Printing Co., Ltd., Mondi Plc., WS Packaging Group, E.I. du Pont de Nemours and Company, Xerox Corporation, and Quad/Graphics, Inc.