1. Global Packaging and Printing Industry
Consumption of packaging printing varies from region to region. Asia is the largest packaging market, accounting for 42.9% of the global packaging market in 2020. North America is the second largest packaging market, accounting for 22.9% of the global packaging market, followed by Western Europe, accounting for 18.7% of the global packaging market. By country, China is the world's largest producer and consumer of packaging.
According to Technavio's report, the world's top 10 packaging companies include International Paper, WestRock, Crown Holdings, Ball Corporation, and Owens & Mathers Illinois in North America, Stora Enso and Mondi Group in Europe, Reynolds Group and Amko in Oceania, and Schmalfeldt-Kappa in Europe.
There are still a part of the country's packaging and printing industry import and export accounted for a large, for example: France's high-grade consumer goods market, packaging quality requirements are strict, France is one of the world's largest packaging market, but France's domestic producers can only meet the 1/3 of the packaging needs of the shortfall from Germany, Italy, the United States, Canada imports. Russia's packaging industry is relatively backward, a large number of products need to be imported, relying on its domestic can only meet 40%, a large number of products packaging equipment, containers, packaging materials need to be imported. The United Arab Emirates is currently ranked first in the Middle East in terms of growth rate, the market size has reached 2.3 billion U.S. dollars, the product radiation in Asia and Africa, a large area, Dubai is one of the world's largest entrepot, is the gateway to Africa and Asia hub, stimulating the vitality of the packaging market in Dubai.
2. Global packaging and printing industry layout and forecast
(1) The overall development trend is favorable
North America, Latin America and Europe, as important global printing markets, the overall development trend of their printing industry is favorable. North America packaging printing scale in 2022 reached 109.2 billion U.S. dollars, of which the U.S. accounted for the largest share, reached 8.2 billion U.S. dollars in 2022, the next five years, the U.S. printing market the fastest-growing segment will be the inkjet printing of corrugated paper; Latin America in 2022 the overall scale of 27.8 billion U.S. dollars, the labeling market accounted for the largest share of the largest, Mexico is Latin America's largest market for the application of digital printing. In 2022, the output value reached 279.1 million U.S. dollars; Europe is to become an important fulcrum of technological innovation in the global printing industry, the current development situation is mixed. 2017-2022, Europe from 182.3 billion U.S. dollars fell to 167.8 billion U.S. dollars. There will be some recovery in the future, and is expected to rebound to $174.2 billion by 2027.
(2) Affected by epidemic and energy crisis
Due to the epidemic and energy crisis, the development of the printing industry in Europe and the United States suffered supply chain shortages, rising raw material prices, rising production costs and other multiple impacts, affecting the printing business, and even the entire supply chain of upstream and downstream enterprises; paper, ink, printing plates, energy and transportation costs in the field of a substantial increase in the ability of consumers to consume less, inhibiting the demand for publication printing and image printing.
(3) personalized customization has become a trend
The United States, Canada, Mexico, Brazil and other regions to re-layout the supply chain, printing e-commerce market has undergone major changes, personalization, customized packaging printing has become the trend; digital production and network printing combined will completely change the Americas packaging printing production process; Americas printing worker shortage is becoming increasingly serious, but also will further promote the development of digital printing.
Printing ink market value of $ 37 billion in 2021, compared to 2020 growth of 4%. 2021 Asia to lead the global recovery of thermal printing, printing equipment and printing media (eg: receipts, tickets, labels, ribbons, etc.) accounted for 27.2% and 72.8% of the revenue. Global top companies strategically expand the scope of services, Western Europe is the largest market, accounting for 30%; Asia-Pacific is the second largest region, accounting for 25%; Africa accounted for the smallest.
It is estimated that by 2026 the global printing labels can reach 67 billion U.S. dollars, in terms of cost and geographic location, the Asia-Pacific region will achieve considerable growth; bio-based inks will usher in rapid development, estimated to reach 8.57 billion U.S. dollars in 2026, will be stimulating the promotion of R & D activities; global gravure inks reached 5.5 billion U.S. dollars in 2027, the U.S. is expected to reach 1.1 billion U.S. dollars, China will be up to 1.2 billion U.S. dollars. The global gravure ink reaches 5.5 billion dollars in 2027, and it is estimated that the United States will reach 1.1 billion dollars and China will reach 1.2 billion dollars.
1. Global Packaging and Printing Industry
Consumption of packaging printing varies from region to region. Asia is the largest packaging market, accounting for 42.9% of the global packaging market in 2020. North America is the second largest packaging market, accounting for 22.9% of the global packaging market, followed by Western Europe, accounting for 18.7% of the global packaging market. By country, China is the world's largest producer and consumer of packaging.
According to Technavio's report, the world's top 10 packaging companies include International Paper, WestRock, Crown Holdings, Ball Corporation, and Owens & Mathers Illinois in North America, Stora Enso and Mondi Group in Europe, Reynolds Group and Amko in Oceania, and Schmalfeldt-Kappa in Europe.
There are still a part of the country's packaging and printing industry import and export accounted for a large, for example: France's high-grade consumer goods market, packaging quality requirements are strict, France is one of the world's largest packaging market, but France's domestic producers can only meet the 1/3 of the packaging needs of the shortfall from Germany, Italy, the United States, Canada imports. Russia's packaging industry is relatively backward, a large number of products need to be imported, relying on its domestic can only meet 40%, a large number of products packaging equipment, containers, packaging materials need to be imported. The United Arab Emirates is currently ranked first in the Middle East in terms of growth rate, the market size has reached 2.3 billion U.S. dollars, the product radiation in Asia and Africa, a large area, Dubai is one of the world's largest entrepot, is the gateway to Africa and Asia hub, stimulating the vitality of the packaging market in Dubai.
2. Global packaging and printing industry layout and forecast
(1) The overall development trend is favorable
North America, Latin America and Europe, as important global printing markets, the overall development trend of their printing industry is favorable. North America packaging printing scale in 2022 reached 109.2 billion U.S. dollars, of which the U.S. accounted for the largest share, reached 8.2 billion U.S. dollars in 2022, the next five years, the U.S. printing market the fastest-growing segment will be the inkjet printing of corrugated paper; Latin America in 2022 the overall scale of 27.8 billion U.S. dollars, the labeling market accounted for the largest share of the largest, Mexico is Latin America's largest market for the application of digital printing. In 2022, the output value reached 279.1 million U.S. dollars; Europe is to become an important fulcrum of technological innovation in the global printing industry, the current development situation is mixed. 2017-2022, Europe from 182.3 billion U.S. dollars fell to 167.8 billion U.S. dollars. There will be some recovery in the future, and is expected to rebound to $174.2 billion by 2027.
(2) Affected by epidemic and energy crisis
Due to the epidemic and energy crisis, the development of the printing industry in Europe and the United States suffered supply chain shortages, rising raw material prices, rising production costs and other multiple impacts, affecting the printing business, and even the entire supply chain of upstream and downstream enterprises; paper, ink, printing plates, energy and transportation costs in the field of a substantial increase in the ability of consumers to consume less, inhibiting the demand for publication printing and image printing.
(3) personalized customization has become a trend
The United States, Canada, Mexico, Brazil and other regions to re-layout the supply chain, printing e-commerce market has undergone major changes, personalization, customized packaging printing has become the trend; digital production and network printing combined will completely change the Americas packaging printing production process; Americas printing worker shortage is becoming increasingly serious, but also will further promote the development of digital printing.
Printing ink market value of $ 37 billion in 2021, compared to 2020 growth of 4%. 2021 Asia to lead the global recovery of thermal printing, printing equipment and printing media (eg: receipts, tickets, labels, ribbons, etc.) accounted for 27.2% and 72.8% of the revenue. Global top companies strategically expand the scope of services, Western Europe is the largest market, accounting for 30%; Asia-Pacific is the second largest region, accounting for 25%; Africa accounted for the smallest.
It is estimated that by 2026 the global printing labels can reach 67 billion U.S. dollars, in terms of cost and geographic location, the Asia-Pacific region will achieve considerable growth; bio-based inks will usher in rapid development, estimated to reach 8.57 billion U.S. dollars in 2026, will be stimulating the promotion of R & D activities; global gravure inks reached 5.5 billion U.S. dollars in 2027, the U.S. is expected to reach 1.1 billion U.S. dollars, China will be up to 1.2 billion U.S. dollars. The global gravure ink reaches 5.5 billion dollars in 2027, and it is estimated that the United States will reach 1.1 billion dollars and China will reach 1.2 billion dollars.
Post time: Aug-17-2023