Smithers' forecast for USD 473.4-bn packaging market

In 2022, the package printing market was estimated to be worth USD 473.7 billion. A new dedicated study – The Future of Package Printing to 2027 said this will reach USD 551.3 billion by 2027 (constant 2021 prices), with a growth rate of 3.1%. Flexo is the largest process when it comes to package printing in 2022 and remains the largest till 2027, growing at a rate of 2.4%. Globally, corrugated and cartons is the largest material segment and will remain so to 2027, growing at a rate of 3.3%.

by Abhay Avadhani