The Global Packaging and Printing Market is Projected to Surge to 433.4 billion USD by 2025
According to the latest packaging printing market report, the global packaging printing market size is projected to increase from $352.1 billion in 2020 to $433.4 billion in 2025, with a compound annual growth rate of 4.2% from 2020 to 2025.
It is expected that the market will grow as the global demand for attractive packaging for food and beverage products increases.
Furthermore, due to the increase in manufacturing activities, the market demand is strong. The market is driven by factors such as the strong growth in the packaging industry and the increasing demand for aesthetic appeal and innovative printing technologies.
According to the type of packaging, the packaging printing market is divided into labels, flexible packaging, corrugated paper, folding cartons, etc., including wooden and textile packaging. The label sub-market accounted for the largest share in 2019. This is because it has numerous applications, such as displaying continuous barcodes and numbers, variable text, titles or graphics, and adding considerable value to the products.
During the forecast period (2020 - 2025), the food and beverage sector is estimated to be the fastest-growing segment. The demand for packaging printing in the food and beverage industry is constantly increasing, mainly due to the growing demand for packaging and branded products. The increase in the demand for product differentiation and certification labels has driven the growth of the printing market in the food and beverage packaging sector.
The Asia-Pacific region and emerging economies such as China and India are expected to drive the packaging printing market. It is projected that by 2025, China will hold the largest market share and dominate the packaging printing market in the Asia-Pacific region. The growing healthcare, food and beverage industries are likely to drive China's demand for packaging printing. In addition, the country's large consumer base, overall positive economic environment, and increased manufacturing activities will drive the demand for the packaging industry.