Packaging Press Market Trends and Forecast
The future of the global packaging press market looks promising with opportunities in the food & beverage, pharmacutical, consumer goods, and chemical markets. The global packaging press market is expected to grow with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable packaging solutions and growth in e-commerce and retail sectors.
• Lucintel forecasts that automatic is expected to witness the higher growth over the forecast period.
• Within this market, food & beverage is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: HP continues to innovate with its Indigo digital presses, designed to meet the growing demand for shorter runs and customizable packaging. The company announced new features that enhance productivity and print quality, targeting the expanding market for personalized and sustainable packaging solutions. Kodak introduced the Prosper Ultra 520 digital press, aimed at enhancing efficiency and reducing waste in packaging printing. This development aligns with the industryÄX%$%Xs push towards more sustainable practices by offering higher print speeds and lower costs per page.
India: ITCÄX%$%Xs Packaging and Printing Division is focusing on sustainable packaging solutions. The company has launched initiatives to use recyclable and biodegradable materials, in line with IndiaÄX%$%Xs growing environmental regulations and consumer demand for eco-friendly packaging. Uflex has expanded its packaging production capabilities in India, particularly focusing on flexible packaging solutions that cater to various industries, including food and beverages. The company is also emphasizing the use of recycled materials in its production processes.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Packaging Press by Segment
The study includes a forecast for the global packaging press by type, application, and region.
Packaging Press Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Automatic
• Semi-Automatic
Packaging Press Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverage
• Pharmacutical
• Consumer Goods
• Chemical
• Others
Packaging Press Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Packaging Press 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 packaging press companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the packaging press companies profiled in this report include-
• Bobst
• Johnsbyrne
• Goss International
• Gardner Denver
• Goepfert
• Ulma Packaging
• Allstein Maschinenbau
Recent Development in the Packaging Press Market
Paper Converting Machine Company (PCMC): PCMC is set to showcase the latest advancements in converting technology at the Converters Expo and their open houses in Green Bay. These events are expected to highlight cutting-edge solutions and provide a platform for industry networking.
NOVA Chemicals: NOVA Chemicals has launched the Canadian Centre of Excellence for Plastics Circularity, demonstrating its commitment to advancing sustainability in the plastics industry. This new center will focus on research and development initiatives to enhance circularity and reduce environmental impact.
The Plastek Group: The Plastek Group has entered a strategic partnership with Blaige & Company to manage its mergers and acquisitions (M&A) growth strategy. This collaboration is intended to position both companies for strategic expansion and market leadership within the packaging sector.
Control Print: Control Print has expanded its market presence in the UK by acquiring a 50.49% stake in Codeology Group for £1 million. This strategic investment is set to enhance Control Print’s capabilities and broaden its portfolio of coding and marking solutions.
Features of the Global Packaging Press Market
Market Size Estimates: Packaging press 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: Packaging press market size by type, application, and region in terms of value ($B).
Regional Analysis: Packaging press 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 packaging press market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the packaging press market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for packaging press market?
Answer: The global packaging press market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the packaging press market?
Answer: The major drivers for this market are increasing demand for sustainable packaging solutions and growth in e-commerce and retail sectors.
Q3. What are the major segments for packaging press market?
Answer: The future of the packaging press market looks promising with opportunities in the food & beverage, pharmacutical, consumer goods, and chemical markets.
Q4. Who are the key packaging press market companies?
Answer: Some of the key packaging press companies are as follows:
• Bobst
• Johnsbyrne
• Goss International
• Gardner Denver
• Goepfert
• Ulma Packaging
• Allstein Maschinenbau
Q5. Which packaging press market segment will be the largest in future?
Answer: Lucintel forecasts that automatic is expected to witness the higher growth over the forecast period.
Q6. In packaging press market, which region is expected to be the largest in next 5 years?
Answer: North America 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 packaging press market by type (automatic and semi-automatic), application (food & beverage, pharmacutical, consumer goods, chemical, 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 Packaging Press Market Market, Packaging Press Market Market Size, Packaging Press Market Market Growth, Packaging Press Market Market Analysis, Packaging Press Market Market Report, Packaging Press Market Market Share, Packaging Press Market Market Trends, Packaging Press Market Market Forecast, Packaging Press Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.