The research and consulting company, Smithers recently launched a brand-new report on future of packaging printing to 2027. This report covers the print for packaging market over the period 2017– 2027. It explores the restraining factors in play, including the increasing demand for more sustainable packaging; this will alter patterns of demand between packaging materials, as well as restraining overall demand in the market to some extent.
In 2022, the package printing market was estimated to be worth $473.7 billion; this will reach $551.3 billion by 2027 (constant 2021 prices), with a growth rate of 3.1%. Flexo is the largest process when it comes to package printing in 2022 and remains the largest to 2027, growing at a rate of 2.4%. Globally, corrugated & cartons is the largest material segment and will remain so to 2027, growing at a rate of 3.3%.
This report covers the print for packaging market over the period 2017– 2027. It explores the restraining factors in play, including the increasing demand for more sustainable packaging; this will alter patterns of demand between packaging materials, as well as restraining overall demand in the market to some extent. The market will grow over the coming five years, underpinned by deep-rooted drivers: global population increase, the increasing rate of global urbanisation, the growing global middle-class consumers and the rising number of one-person households, which drives demand for smaller pack sizes.
For more information go to www.smithers.com
