Packaging Printing Market to Be Worth $433.4 Billion by 2025
MarketsandMarkets reports that the global packaging printing market size was $352.1 billion in 2021 and is expected to reach $433.4 billion by 2025, at a CAGR of 4.2%.
The packaging printing market will be driven by growth in the packaging industry, demand for aesthetically appealing products, product differentiation and technological advancements. In terms of packaging technology, increasing demand for digital printing is an opportunity for packaging printing as the digital printing market is growing at a high rate. Additionally, with respect to application, growth in food & beverages and personal care & cosmetics industries is expected to boost the packaging printing market in the coming years.
The gravure printing market is likely to hold the second largest share of the packaging printing market during the forecast period. Gravure printing is widely used to produce high quality prints with fine images, which are mainly used for printing large quantities of packaging.