/PRNewswire/ As per the report published by The Brainy Insights, the global packaging printing market is anticipated to grow from USD 269.14 billion in 2020.
The labels & tags segment of the packaging type is accounted for the moderate market share but is projected to grow at a higher CAGR during the forecast period. This growth is due to its application in almost all types of packaging variables. Labels are the mostly used packaging type as they display product information, brand identification symbols, and transportation details during shipping.
The digital printing technology of the printing technology segment is projected to grow at the highest between 2020 and 2025. The excellent print-ability and aesthetic appeal will drive the market of digital printing technology in the packaging printing market. Digital printing is highly preferred for packaging printing in personal care & cosmetics products, because of its aesthetic appeal facility to attract consumers at point-of-sale (POS).
Press release content from Business Wire. The AP news staff was not involved in its creation.
Global Packaging Printing Market Outlook to 2025 - A $433+ Billion Opportunity Assessment; Winners and Losers of COVID-19 - ResearchAndMarkets.com
January 27, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 27, 2021
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The Global Market for Packaging Printing is projected to grow from USD 352.1 billion in 2020 to reach USD 433.4 billion by 2025, at an estimated CAGR of 4.2%.
The packaging printing market is driven by factors such as growth in demand for sustainable printing, increasing demand for flexible packaging, cost-effectiveness, and reduced packaging waste. The growing healthcare industry and the popularity of using convenient packaging are major drivers of the packaging printing market.