DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2bz8j9/packaging) has announced the addition of the "Packaging Printing Market by Ink Type, Printing Technology, Material and Application - Trends and Forecasts to 2020" report to their offering.
The global market for packaging printing witnessed a rapid growth in 2013, and is projected to grow at a CAGR of 6.26% during the review period, that is, from 2015 to 2020, to reach USD 587.19 Billion by 2020.
Asia-Pacific dominated the market with a share of 37% in 2014; this market is driven by increasing competition, consumer awareness, rising consumer spending, demand for aesthetic appeal of packaging, and sustainable printing. The Asia-Pacific region is projected to become the fastest-growing market for printing packaging.
The packaging printing market in the Asia-Pacific region is projected to grow at the highest CAGR from 2015 to 2020, in terms of volume. The rising middle-class population of the region, high disposable incomes, and demand for sustainable printing methods along with the growing packaging industry, are driving the growth of the packaging printing market.
This report estimates the market size of the global packaging printing market in terms of value (USD billion). In this report, the market is segmented based on product type, material, application, and region. Market drivers, restraints, challenges, raw materials, and product price trends are discussed in detail. Market share, by participant, for the overall market is also discussed in detail. The global packaging printing market has grown exponentially in the last few years and this trend is expected to continue.
Scope of the Report
On the basis of printing ink, the packaging printing market has been segmented as follows:
- Water Based Ink
- UV Curable Ink
- Others solvent based)
On the basis of packaging market, the packaging printing market has been segmented as follows:
- Paper & Paperboard
- Flexible plastic
- Rigid Plastic
- Others (wood and textile)
On the basis of printing technology, the packaging printing market has been segmented as follows:
- Others (screen, three-dimensional, and lithography)
On the basis of application, the packaging printing market has been segmented as follows:
- Cosmetics & Toiletries
- Food & Beverages
- Others (adhesives & sealants, industrial & household goods, and consumer goods)
Mergers and acquisitions, investments, and expansions are the key strategies adopted by market players to ensure their growth in the market. Companies such as Quad/Graphics (U.S.), Hewlett-Packard Development Company, L.P. (U.S.), Xerox Corporation(U.S.), E.I. du Pont de Nemours and Company (U.S.), and WS Packaging Group (U.S.) are some of the prominent companies in the packaging printing market.
For more information visit http://www.researchandmarkets.com/research/2bz8j9/packaging