Press release from the issuing company
LEATHERHEAD, Surrey, UK and AKRON, Ohio, USA – August 30, 2022 – Labels and printed packaging continue to increase in demand, and represent a strategic priority for press OEMs, ink suppliers and print service providers across the next five years.
A new dedicated study – The Future of Package Printing to 2027 – on how this sector is emerging from Covid-19 and will evolve in the medium term is now available to purchase from Smithers – the leading consultancy for the paper, print and packaging industries. Smithers’ data forecasting charts how a global market worth in $456.3 billion in 2021, will increase to $473.7 billion; and then grow at a compound annual growth rate (CAGR) of 3.1% to reach $551.3 billion in 2027 (constant 2021 prices).
Across the same period the volume of corrugated board, folding cartons, rigid and flexible plastics, metal, and labels stocks printed worldwide will increase from 13.0 trillion to 15.4 trillion A4 print equivalents.
Flexo will remain the most widely used print process – due to its popularity in long-run corrugated board, labels and flexible plastics work. It represents around 36% of the contemporary market and natural expansion gives flexo a positive growth outlook (+2.4% CAGR, by value) through to 2027. Other analogue processes, including offset litho (+2.5% CAGR), will see similar organic growth across the five-year Smithers study period, mainly from developing markets.
The greatest expansion however will come from digital print for packaging – with a CAGR of over 10% forecast through to 2027. Print service providers are poised to reap the benefits of very significant R&D investment by digital OEMs, delivering improvements in productivity, reliability and expanding the number of print commissions where digital is price-competitive with established analogue production.
Packaging print is becoming increasingly competitive and will be the focus for further technical innovation through the 2020s. Among the main challenges are:
The impact of all these drivers is assessed critically in The Future of Package Printing to 2027 from Smithers. This analysis is quantified in a comprehensive dataset with over 150 data tables and figures, segmenting the market for 2017-2027 by:
This comprehensive strategic study is available to purchase now, priced $6,750 (€5,950, £4,950).
WhatTheyThink is the official show daily media partner of drupa 2024. More info about drupa programs
© 2024 WhatTheyThink. All Rights Reserved.
Discussion
Join the discussion Sign In or Become a Member, doing so is simple and free