Industry News

New business opportunities in the printing and packaging industry

update:12-05-2020
Summary:

In recent years, packaging and printing has gradually b […]

In recent years, packaging and printing has gradually become the fastest growing segment of the printing market, and has become a major growth point for the printing industry. The market size has steadily increased. In addition, label printing has gradually become an unstoppable star in the field of printing and packaging. The global consumer trends and market size of label printing are growing rapidly. What are the market developments in these segments? What other areas are constantly showing growth? The editor takes you to open a global perspective and explore new business opportunities in the printing and packaging industry from an international perspective

Cardboard packaging market continues to expand
    According to a report from Global Market Insights, by 2024, the global cardboard packaging market is expected to expand $ 240 billion in business. The growth of the packaging market in emerging economies is expected to boost the cardboard packaging industry during the forecast period. Due to its light weight and recyclable characteristics, it is widely used in food, medicine, clothing, footwear, cosmetic packaging and other fields. With the continuous improvement of corporate lifestyles, long hours of work have led to more and more home-delivery and packaged food eating habits, which will drive the demand for the cardboard packaging market during the forecast period. In addition, since the harmful effects of plastic packaging have increasingly attracted people's attention to health and the environment, there is a great demand for such products in many countries.

Stickers are expected to dominate the market
   By the end of 2026, the global sticker market is estimated to be worth more than $ 42 billion, and its compound annual growth rate will exceed 5.4% during the forecast period from 2019 to 2026. Self-adhesive label is a special type of label, widely used in packaging industry. These labels show important information about the product. Many industries, such as food and beverage, pharmaceutical, and retail, choose these labels to display basic information about the product. Display the authentication code, barcode, tracking code, tracking code and other information on the sticker. It is expected that this product will dominate the market for some time to come. The key factor driving market growth is the nature of these labels-they can be easily cut into any shape. The product is widely used in the food and beverage industry.