The Future of Package Printing to 2029

Table of Contents Key Facts and Figures

In 2024, the package printing market is worth $512 billion and it will increase to $695 billion by 2029
Between 2024 and 2029, the market will witness a growth rate of 6.3% CAGR in value terms

This report provides authoritative market sizing data and forecasting of the market for printed packaging and labels over the period 2019–29. It identifies major trends and drivers affecting the package printing sector, such as increasing urbanisation rates, growth in e-commerce and advances in print technologies.

Package printing processes are increasingly automated for greater efficiency with advanced workflows, robotics and artificial intelligence deployed on modern presses. Digital print is by far the fastest growing print technology for labels and packaging.

As markets expand, the positive outlook for printed packaging will attract investment in new package print equipment and in R&D and services from packaging designers, equipment suppliers, software, ink and materials companies and others.

Key Questions

Which areas of the industry will experience the greatest growth over the next five years?
How is the industry preparing to adapt to the PPWR?
What are the main challenges the industry needs to overcome?
How is the global drive for sustainability impacting supply chains?

This report is essential to:

Printer manufacturers
Ink and packaging substrate suppliers
Packaging converters and print service providers

About the author
Jon Harper Smith has over 15 years’ experience in the printing industry through his time working with Fujifilm and has extensive experience of industrial and package printing businesses with particular focus on industrial inkjet and flexo processes. He has a proven ability to develop complex cross border businesses involving the provision of highly technical products that meet strict end user specifications.

Name The Future of Package Printing to 2029

Date 27/10/2024

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Business Development Manager, Smithers Information Division

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Executive summary

Overview
Printed packaging and labels materials
Print process outlook
End use markets
Package and label printing inks
Geographic markets
Growth summary

Introduction and methodology

Introduction
Report scope
- Packaging categories
  - Labels
  - Corrugated
  - Folding cartons
  - Flexible packaging
  - Rigid plastics
  - Metal packaging
- Print processes
- End-use markets
- Geographic markets
Report objectives
Methodology
Data
List of definitions and abbreviations

Key drivers and trends

Introduction
Demographic and social trends
Retail changes driving supply chain
Sustainability
- Plastic packaging
- Addressing packaging sustainability
  - Removing materials altogether from packaging
  - Reducing the amount of material used in packaging
  - Designing packaging to be reused:
  - Improving packaging recycling rates.
  - Replacing fossil fuel derived virgin plastic materials with recycled and/or bio-derived materials
Economic uncertainty: consequences of the war in Ukraine and COVID-19
Smart packaging developments
Regulation and industry guidelines
Advances in print technology

Cutting-edge technological developments

Introduction
- Print as part of the connected packaging production system
Analogue print for packaging
- Flexography
  - Prepress
  - Presses
  - Inks
- Lithography
  - Printing plates & screening
  - Ink technologies
- Gravure
- Screen
- Other analogue package printing processes
  - Dry offset
  - Letterpress
  - Pad printing
  - Foiling
Digital print for packaging
- Electrophotography
- Inkjet
  - Inkjet printheads
  - Inkjet inks
  - Inkjet presses for corrugated
  - Narrow-web presses
  - Webfed single-pass inkjet presses
  - Sheetfed inkjet
  - Indirect inkjet (Landa)
  - Integrations and bespoke machinery
  - Direct-to-pack
Summary
Digital finishing

Printing process markets and forecasts

Overview
Offset litho
Gravure
Flexography
Screen
Other analogue
Digital

Material markets and forecasts

Overview
Labels
Corrugated board packaging
Cartons
Flexible packaging
Rigid plastic packaging
Metal cans

End-use markets & forecasts

Introduction
Food
Drink
Healthcare
Cosmetics
Other consumer goods
Others (industrial, transit, etc.)

Package & label printing ink markets and forecasts

Overview
Digital ink developments
Inks and sustainability

Geographic markets

Overview
Western Europe
- France
- Germany
- Italy
- Spain
- UK
- Other Western Europe
North America
- Canada
- US
Asia
- China
- India
- Japan
- Other Asian countries
Latin America
- Brazil
- Mexico
- Other Latin American countries
Eastern Europe
- Poland
- Russia
- Other Eastern Europe
Middle East
- Turkey
- Other Middle East
Africa
Australasia

List of Figures

Package print materials by value
($ million), 2019–29
Package print materials by volume, 2019–29 (billion A4 prints or equivalent)
Package print process by value, 2019–29 ($ million)
Package print process by volume, 2019–29 (billion A4 prints or equivalent)
Digitally printed package output by material by value, 2019–29 ($ million)
Printing output by end-use market, 2019–29 ($ million)
Package & label printing end-user ink value, 2019–29 ($ million)
Regional print for packaging output, 2019–29 ($ million)
Different ways of implementing consumer reusable packaging schemes
Examples of where RFID tags can be used across supply chains
Print-related Industry 4.0 applications highlighted at the virtual.drupa trade show, April 2021.
Main digital print processes used in print for packaging
Landscape of digital labels and packaging printing technologies
HP Indigo LEP and LEPx printing configurations
Print process share of package print value in 2024 ($ million)
Package print materials share by value, 2024 ($)
Package print materials share by surface area printed, 2024
Share of printed packaging by end-use, 2024 ($ million)
Share of printed label and packaging by end-use, 2024 (billion A4 prints)
Simplified view of ink formulation ingredients
Ink consumption share by print process, 2019–29 (metric tonnes per annum basis)
Ink consumption share by print process, 2019–29 ($ million)
All analogue inks vs digital ink share of incremental ink consumption by value between 2024–29 ($ million)
All analogue inks vs digital ink share of incremental ink consumption by volume between 2024–29 (tonnes per annum basis)
Share of global printed labels & packaging by region in 2022 ($ million)
Increase in regional value of print for labels & packaging output between 2019–29 ($ million)
Growth in regional value of print for labels & packaging output between 2019–29 ($ million)
Growth in regional output of print for labels & packaging output between 2019–29 (billions A4 impressions)

List of Tables

Package & label printing ink consumption by region, 2019-29 (tonnes; $ million, constant 2023 prices & exchange rates)
Package & label printing output by region, 2019-29 ($ million, current prices & exchange rates; $ million, constant 2023 prices & exchange rates; billion A4 prints)
Western Europe: package & label printing output by material, print process, end-use and geographic market, 2017–27 ($ million, billion A4 prints)

For each country:

Package & label printing output by material, 2019–29 ($ million, billion A4 prints)
Package & label printing output by print process, 2019–29 ($ million, billion A4 prints)
Package & label printing output by end-use market, 2019–29 ($ million, billion A4 prints)

List of countries:

France
Germany
Italy
Spain
UK
Other Western Europe

North America: package & label printing output by material, print process, end-use and geographic market, 2019–29 ($ million, billion A4 prints)
For each country:

Package & label printing output by material, 2019–29 ($ million, billion A4 prints)
Package & label printing output by print process, 2019–29 ($ million, billion A4 prints)
Package & label printing output by end-use market, 2019–29 ($ million, billion A4 prints)

List of countries:

Canada
US

Asia: package & label printing output by material, print process, end-use and geographic market, 2019–29 ($ million, billion A4 prints)
For each country:

Package & label printing output by material, 2019–29 ($ million, billion A4 prints)
Package & label printing output by print process, 2019–29 ($ million, billion A4 prints)
Package & label printing output by end-use market, 2019–29 ($ million, billion A4 prints)

List of countries:

China
India
Japan
Other Asia

Latin America: package & label printing output by material, print process, end-use and geographic market, 2019–29 ($ million, billion A4 prints)
For each country:

Package & label printing output by material, 2019–29 ($ million, billion A4 prints)
Package & label printing output by print process, 2019–29 ($ million, billion A4 prints)
Package & label printing output by end-use market, 2019–29 ($ million, billion A4 prints)

List of countries:

Brazil
Mexico
Other Latin America

Eastern Europe: package & label printing output by material, print process, end-use and geographic market, 2019–29 ($ million, billion A4 prints)
For each country:

Package & label printing output by material, 2019–29 ($ million, billion A4 prints)
Package & label printing output by print process, 2019–29 ($ million, billion A4 prints)
Package & label printing output by end-use market, 2019–29 ($ million, billion A4 prints)

List of countries:

Poland
Russia
Other Eastern Europe

Middle East: package & label printing output by material, print process, end-use and geographic market, 2019–29 ($ million, billion A4 prints)
For each country:

Package & label printing output by material, 2019–29 ($ million, billion A4 prints)
Package & label printing output by print process, 2019–29 ($ million, billion A4 prints)
Package & label printing output by end-use market, 2019–29 ($ million, billion A4 prints)

List of countries:

Turkey
Other Middle East

Africa: package & label printing output by material, print process, end-use market, 2019–29 ($ million, billion A4 prints)
Australasia: package & label printing output by material, print process, end-use market, 2019–29 ($ million, billion A4 prints)