The global packaging printing market is predicted to see a mild slowdown in growth in 2020-2021

The global package printing market is expected to increase at a CAGR of 4.2 percent from 2020 to 2025, from USD 352.1 billion in 2020 to USD 433.4 billion in 2025. Due to rising demand for asthetic printing solutions in end-use industries like as food & beverage and pharmaceuticals, the package printing industry is expected to rise significantly in the future. Furthermore, rapid industrialization and growing manufacturing industries around the world, combined with high consumer income and an acceleration in industrial activities, particularly in emerging economies, are expected to drive the packaging printing market forward during the forecast period.




COVID-19 impact on global packaging printing market

The global packaging printing market is predicted to see a mild slowdown in growth in 2020-2021, as demand for packaging and markets for chemicals, luxury goods, and construction, among other applications, will be significantly reduced as a result of global economic activities. During COVID-19, however, there will be a surge in demand for packaging printing solutions for food, beverage, and pharmaceutical applications.

  • Due of the threat of lockdowns, people are panic-buying and bulk stocking. More consumers are ordering daily essentials and fresh foods online, resulting in an increase in demand for packaging printing solutions that identify the product's legitimacy.. Many impacted countries' governments, such as India's, have requested food sector stakeholders to increase output in order to avoid supply-side shocks and shortages and ensure uninterrupted supply. To retain their brand image, FMCG companies are requesting additional packaging printing solutions. Britannia Industries, for example, has encouraged the Indian government to ensure that providers of raw materials and packaging solutions can travel freely across state lines.
  • As hospitals, pharmaceuticals, and PPE makers respond to the crisis, demand for packaging printing in the pharmaceutical business is projected to continue strong. The need for domestic staples, healthcare, and medical items is unlikely to decline significantly, and retail distribution of these products via online delivery is likely to expand. This, in turn, raises demand for packaging printing solutions to ensure product authenticity and prevent counterfeiting of medications and consumer items.

  • Packaging printing Market Dynamics

    Driver: Growth in the packaging industry

    An increase in population, urbanisation, economic development, demand for packaged food, and consumer awareness of counterfeit products all have an impact on the packaging industry.Rigid and flexible packaging are both part of the packaging business. Packaging materials can be utilised in a variety of ways depending on their intended application. Different materials could be used for transportation, distribution, or consumer packaging, for example. The packing is done in layers and is divided into three categories: primary, secondary, and tertiary.

    The packaging printing market is becoming increasingly technology-driven, with new products driving the market. This is likely to drive the adoption of flexible packaging, which extends product shelf life, decreases costs, and is lightweight. When compared to rigid packaging, the flexible packaging business is growing at a faster rate.. Due to advancements in the manufacturing process, there is a shift from rigid packaging to flexible packaging. Flexible packaging accounts for roughly 19 percent of the USD 177 billion US packaging market in 2019, according to the Flexible Packaging Association. The economic expansion of the different industries has a significant impact on the packaging business. Due to an expansion in the middle-class population in the Asia Pacific area, this business will see massive growth in the next years. Emerging packaging markets include India, China, and South Korea, all of which are likely to grow in the coming years.

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