The Latest Packaging Printing Industry Statistics Explained
The global packaging printing market size was valued at USD 416.7 billion in 2019 and is expected to exhibit a CAGR of 4.2% from 2020 to 2027.
The statistic indicates that the global packaging printing market was worth USD 416.7 billion in 2019. Furthermore, it is projected to experience a Compound Annual Growth Rate (CAGR) of 4.2% between 2020 and 2027. This means that the market is anticipated to continue growing steadily at an annual rate of 4.2% during this period. The increase in demand for packaging solutions across various industries is likely to be a key driver of this growth, as companies seek to enhance their branding, improve product visibility, and comply with regulatory requirements. This statistic reflects a positive outlook for the packaging printing industry, highlighting opportunities for businesses operating in this sector.
The Asia Pacific held the largest market share of approximately 37.0% in 2019.
The statistic indicates that in 2019, the Asia Pacific region had the largest proportion of market activity compared to other regions, accounting for approximately 37.0% of the total market share. This suggests that the Asia Pacific region had a significant presence and influence in the market during that time period. Factors such as population size, economic growth, consumer demand, and business activities in this region likely contributed to its dominant market share. Understanding this statistic helps provide insights into the distribution of market activity across different regions and highlights the importance of the Asia Pacific region in the global market landscape.
The revenue of the U.S. commercial printing industry was around 81 billion U.S. dollars in 2018.
The statistic indicates that the U.S. commercial printing industry generated approximately 81 billion U.S. dollars in revenue in the year 2018. This figure reflects the overall financial performance of businesses engaged in providing commercial printing services across various sectors. The revenue metric serves as a key indicator of the industry’s economic contribution and growth potential, reflecting the demand for printed materials in marketing, publishing, packaging, and other industries. Analyzing revenue trends over time can help industry stakeholders gauge market dynamics, identify opportunities for expansion, and make informed decisions to enhance profitability and competitiveness.
North America is likely to exhibit a CAGR of 4.2% from 2020 to 2027.
The statistic ‘North America is likely to exhibit a CAGR of 4.2% from 2020 to 2027’ indicates the projected Compound Annual Growth Rate (CAGR) for the region of North America over the period of 2020 to 2027. A CAGR of 4.2% suggests that the economy or a specific industry within North America is expected to grow at a constant rate of 4.2% annually over the given time frame. This growth rate provides an estimated average annual growth, taking into account the fluctuations and compounding effect over the entire period. It implies that North America’s economy or industry is expected to experience steady expansion during these years.
The food & beverages end-use segment accounted for the largest revenue share of over 40.0% in 2019.
In 2019, the food & beverages end-use segment had the highest revenue share, representing over 40.0% of total revenue generated. This statistic indicates that the food & beverages industry played a significant role in the overall market performance, outperforming other end-use segments in terms of revenue generation. The dominance of this segment suggests a strong demand for food and beverage products, highlighting the importance of the industry within the market ecosystem. This information can be valuable for stakeholders and investors looking to understand market trends and opportunities within the food & beverages sector in 2019.
The flexography printing technology held the largest market share of over 30.0% in 2019.
The statistic indicates that in 2019, within the printing technology industry, flexography printing had the highest market share compared to other printing technologies, accounting for over 30.0% of the total market. This suggests that flexography printing was the most widely used or preferred method of printing during that year. The high market share indicates that businesses and consumers had a greater demand for products and services that utilized flexography printing technology, potentially due to factors such as cost-effectiveness, high print quality, or versatility in printing on various surfaces. This statistic underscores the significant impact and dominance of flexography printing in the industry during the specified time period.
The market for digital printing for packaging in the U.S. was valued at over 1.3 billion dollars in 2017.
The statistic suggests that the market for digital printing for packaging in the U.S. was a significant and growing industry, with a total value exceeding 1.3 billion dollars in 2017. This figure indicates a robust demand for digital printing services specifically tailored for packaging purposes within the U.S. market. The high value also implies that businesses and consumers are increasingly opting for digital printing solutions for their packaging needs, likely due to factors such as customization capabilities, cost-efficiency, and quicker turnaround times. As the market continues to evolve and adopt digital technologies, the value of digital printing for packaging is poised to further increase in the coming years.
It is expected that the cartons market size will reach approximately USD 255.7 billion by 2027.
This statistic indicates the projected growth of the cartons market, estimating that its size will increase to around USD 255.7 billion by the year 2027. This suggests a substantial expansion in the market value of cartons over the coming years. Such growth may be attributed to various factors such as increasing demand for sustainable and eco-friendly packaging solutions, advancements in technology leading to more efficient production processes, and a rising preference for convenient and attractive packaging among consumers. This projection can serve as valuable information for businesses operating within or considering entering the cartons market, allowing them to anticipate and adapt to the evolving market trends and demands.
It is estimated that about 1.2 million jobs in the United States are in some way connected to the paper packaging industry.
The statistic that about 1.2 million jobs in the United States are connected to the paper packaging industry indicates the substantial economic impact and employment opportunities the industry provides. These jobs span across various sectors, including manufacturing, transportation, distribution, and retail, reflecting the widespread utilization of paper packaging in different aspects of the economy. The figure underscores the significance of the paper packaging industry as a significant contributor to job creation and workforce sustainability within the country, highlighting its role in supporting livelihoods and economic growth in the United States.
During pre-COVID times, the South African Packaging Industry planned to see a CAGR of 3.60% by 2024.
The statistic indicates that prior to the COVID-19 pandemic, the South African Packaging Industry was expected to experience a Compound Annual Growth Rate (CAGR) of 3.60% by the year 2024. A CAGR represents the mean annual growth rate of an investment over a specified period of time, assuming that the growth happens steadily over the period. Therefore, this statistic suggests that the packaging industry in South Africa was forecasted to steadily expand at a rate of 3.60% per year leading up to 2024. However, it is important to note that unforeseen events such as the COVID-19 pandemic can significantly impact these projections, potentially altering the industry’s growth trajectory.
The average wage for a print worker in the UK in 2020 was £27,341.
The statistic “The average wage for a print worker in the UK in 2020 was £27,341” represents the mean salary earned by print workers in the United Kingdom during the year 2020. This figure is obtained by summing up the total wages of all print workers in the UK and dividing it by the total number of print workers. The average wage of £27,341 serves as a central measure of the typical income earned by individuals in this profession, providing insights into the earning potential within the print industry in the UK for that particular year. It is important to note that while the average wage provides a general understanding of income levels, individual salaries may vary depending on factors such as experience, location, and specific job roles within the print industry.
The Indian packaging industry constitutes about 4% of the global packaging industry.
The statistic that the Indian packaging industry constitutes about 4% of the global packaging industry indicates the relative size and influence of India’s packaging sector on a global scale. This suggests that India plays a significant role in the worldwide packaging market, contributing a substantial share of the industry’s output and activities. The statistic highlights India’s growing importance in the packaging industry, showcasing its potential for further expansion and development as a key player in the global market. This information can be valuable for stakeholders, policymakers, and businesses looking to understand and engage with the packaging industry both within India and internationally.
The Chinese market for packaging equipment was valued at USD 6.05 billion in 2019 and is expected to reach USD 8.87 billion by 2025.
The statistic shows that the Chinese market for packaging equipment was worth USD 6.05 billion in 2019 and is forecasted to increase to USD 8.87 billion by 2025, indicating a significant growth trajectory. This growth can be attributed to several factors such as the expanding economy, increased consumer demand, technological advancements in the packaging industry, and the rising focus on sustainability and eco-friendly packaging solutions. The projected growth indicates promising opportunities for businesses operating in the packaging equipment sector to capitalize on the growing market in China and potentially expand their market share through innovation and strategic investments.
In the U.S., the packaging machinery market is expected to grow at a CAGR of 2.4% from 2018 to 2025.
The statement indicates that the packaging machinery market in the United States is projected to experience a Compound Annual Growth Rate (CAGR) of 2.4% from the year 2018 to 2025. This growth rate implies a steady and relatively moderate increase in the market size over the specified period. A CAGR of 2.4% suggests that the market is expected to expand gradually, showcasing a stable growth trajectory rather than experiencing significant fluctuations. This statistic is valuable for businesses and investors in the packaging machinery industry as it provides insight into the anticipated market conditions and opportunities for growth in the coming years.
The packaging machinery market size in Latin America was USD 2.02 billion in 2019.
The statistic indicates that in the year 2019, the total market value of packaging machinery in Latin America was USD 2.02 billion. This figure represents the combined value of all packaging machinery sales within the region during that year. The market size provides an important insight into the scale and economic significance of the packaging machinery industry in Latin America, reflecting the demand for such equipment for various industries like food and beverage, pharmaceuticals, and consumer goods. This statistic is essential for manufacturers, investors, and policymakers to understand the market dynamics, trends, and opportunities in the packaging machinery sector in Latin America.
By 2025, the global packaging printing market is expected to reach $660.6 billion in value.
The statistic “By 2025, the global packaging printing market is expected to reach $660.6 billion in value” highlights the projected growth and size of the packaging printing industry by the year 2025. This indicates a substantial increase in market value compared to the current market size, suggesting a positive trend in demand for packaging printing services worldwide. This growth is likely driven by factors such as expanding e-commerce activities, increasing focus on sustainable packaging solutions, and advancements in printing technologies. Businesses operating in the packaging printing sector should be prepared to capitalize on this growth opportunity and adapt their strategies to meet the evolving needs of the market.
The pharmaceutical segment of the packaging printing industry is projected to grow at a CAGR of 5.3% during the forecast period 2017–2022.
This statistic indicates that the pharmaceutical segment of the packaging printing industry is expected to experience a Compound Annual Growth Rate (CAGR) of 5.3% between the years 2017 and 2022. This growth prediction suggests a steady and consistent increase in the demand for printing services related to pharmaceutical packaging over the forecast period. Factors such as advancements in pharmaceutical research, increasing regulations requiring clear labeling and information on packaging, and the growth of the pharmaceutical industry are likely driving this anticipated growth rate. This statistic provides valuable insights for industry stakeholders to understand the potential opportunities and trends within the pharmaceutical packaging printing sector.
The flexible plastic segment of the packaging printing industry, which is the largest and fastest-growing type, is projected to grow from USD 98.47 billion in 2017 to reach USD 130.46 billion by 2022.
The statistic indicates that the flexible plastic segment within the packaging printing industry is both the largest and the fastest-growing type of packaging. It is projected to experience significant growth from USD 98.47 billion in 2017 to USD 130.46 billion by 2022. This growth suggests a positive trend in demand for flexible plastic packaging, likely driven by factors such as convenience in packaging, cost-effectiveness, and sustainability considerations. The growth in this segment not only reflects the increasing importance of packaging in various industries but also highlights the potential opportunities for businesses operating within the flexible plastic packaging market to capitalize on this projected growth.
Conclusion
Understanding the latest statistics in the packaging printing industry is essential for businesses to make informed decisions and stay competitive in this rapidly evolving market. By staying abreast of trends and key metrics, companies can optimize their strategies and maximize their success in this dynamic sector.
References
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