Offset Packaging Market Trends and Forecast
The future of the global offset packaging market looks promising with opportunities in the paper & board packaging and plastic packaging markets. The global offset packaging market is expected to grow with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising demand for customized packaging solutions, cost-effective shipping solutions, and increased focus on product protection.
• Lucintel forecasts that web-fed offset printing is expected to witness the higher growth over the forecast period.
• Within this market, paper & board packaging is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: The US witnessed a surge in sustainable packaging initiatives by major players like International Paper and WestRock, aligning with government targets to reduce environmental impact. Recent announcements highlight investments in innovative materials and recycling infrastructure to meet ambitious sustainability goals.
Germany: Leading German packaging firms like Mondi and DS Smith are prioritizing circular economy models, in line with government directives for a greener future. Initiatives include investments in biodegradable materials and collaborations with local authorities to enhance recycling infrastructure.
China: ChinaÄX%$%Xs offset packaging sector sees robust growth driven by government-backed initiatives promoting eco-friendly practices. Companies such as Nine Dragons Paper are investing heavily in renewable packaging solutions, aligning with national targets to reduce carbon emissions and promote sustainable development.
India: Indian packaging giants such as Uflex and Tetra Pak are ramping up efforts to meet rising demand for eco-conscious packaging solutions. With government mandates for sustainable packaging gaining traction, companies are focusing on recyclable materials and waste reduction strategies to achieve ambitious environmental targets.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Offset Packaging by Segment
The study includes a forecast for the global offset packaging by type, application, and region.
Offset Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Web-Fed Offset Printing
• Sheet-Fed Offset Printing
Offset Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Paper & Board Packaging
• Plastic Packaging
• Others
Offset Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Offset Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies offset packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the offset packaging companies profiled in this report include-
• Offset Group
• Offset Print & Packaging
• Oliver
• THIMM
• SP Group
• Mertiz Offset Packaging
• Flint Group
Recent Development in the Offset Packaging Market
Tetra Pak: Launches Sustainable Packaging Solution - Tetra Pak introduced the "Tetra Classic Aseptic 65ml Cube" package, reducing environmental impact with its innovative design, aiming to meet growing consumer demand for sustainable packaging solutions.
Amcor: Introduces Recyclable Packaging Innovation - Amcor unveiled a groundbreaking recyclable packaging solution, "AmLite Ultra Recyclable," targeting the offset packaging market. This development aligns with the companyÄX%$%Xs commitment to sustainability and addresses the industryÄX%$%Xs need for eco-friendly alternatives.
DS Smith: Implements Circular Economy Approach - DS Smith announced the launch of its Circular Design Principles, emphasizing a shift towards a circular economy model in offset packaging. The companyÄX%$%Xs initiative focuses on maximizing resource efficiency and minimizing waste throughout the packaging lifecycle.
WestRock: Expands Renewable Materials Portfolio - WestRock expanded its renewable materials portfolio by introducing a new line of offset packaging solutions made from sustainably sourced fibers. This initiative underscores WestRockÄX%$%Xs dedication to providing environmentally friendly packaging options to its customers.
Mondi: Develops Lightweight Packaging Solution - Mondi unveiled a lightweight offset packaging solution, "EcoWicketBag," designed to reduce material usage while maintaining product integrity. This innovation reflects MondiÄX%$%Xs ongoing efforts to optimize packaging efficiency and sustainability in the global market.
Features of the Global Offset Packaging Market
Market Size Estimates: Offset packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Offset packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Offset packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the offset packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the offset packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for offset packaging market?
Answer: The global offset packaging market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the offset packaging market?
Answer: The major drivers for this market are rising demand for customized packaging solutions, cost-effective shipping solutions and increased focus on product protection.
Q3. What are the major segments for offset packaging market?
Answer: The future of the offset packaging market looks promising with opportunities in the paper & board packaging and plastic packaging markets.
Q4. Who are the key offset packaging market companies?
Answer: Some of the key offset packaging companies are as follows:
• Offset Group
• Offset Print & Packaging
• Oliver
• THIMM
• SP Group
• Mertiz Offset Packaging
• Flint Group
Q5. Which offset packaging market segment will be the largest in future?
Answer: Lucintel forecasts that web-fed offset printing is expected to witness the higher growth over the forecast period.
Q6. In offset packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the offset packaging market by type (web-fed offset printing and sheet-fed offset printing), application (paper & board packaging, plastic packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Offset Packaging Market Market, Offset Packaging Market Market Size, Offset Packaging Market Market Growth, Offset Packaging Market Market Analysis, Offset Packaging Market Market Report, Offset Packaging Market Market Share, Offset Packaging Market Market Trends, Offset Packaging Market Market Forecast, Offset Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.