The global market size of the packaging and printing industry exceeds US$100 billion

The global packaging and printing market exceeds US$100 billion, with a compound annual growth rate of 4.1%. By 2029, the global packaging and printing market will exceed US$600 billion.

Among them, plastic/paper packaging is mainly in Asia Pacific and Europe. Asia Pacific accounts for 43%, Europe accounts for 24%, and North America accounts for 23%.

The compound annual growth rate of packaging application scenarios is 4.1%, and the key application scenarios of products are mainly beverages and foods. It is expected that the growth in packaging demand for food, cosmetics, healthcare, and other consumer products will be higher than the average level (4.1%).

Global trends in packaging printing

E-commerce and brand packaging
Global e-commerce penetration is accelerating, with global e-commerce sales accounting for 21.5% in 2023 and increasing by 22.5% in 2024. The compound annual growth rate of e-commerce packaging is 14.8%
The compound annual growth rate of brand packaging is 4.2%

Food and beverage packaging
Changes in consumer lifestyles and the increase in non-dine-in consumption, along with the growth of global food and takeout, have increased the demand for catering packaging such as plastic packaging/film. Among them, China's plastic packaging exports in 2023 will be about 5.63 billion, with a growth rate of 19.8% (higher than China's plastic packaging exports in 2022, 9.6%), and the use of food films accounts for more than 70% of the total film.

Green and environmentally friendly packaging
The regulatory environment and substitution trend of plastic packaging use are becoming stronger and stronger, giving rise to the outbreak of environmentally friendly green packaging. Paper replacing plastic, degradable and recyclable have become the consensus and trend of industry development.
The global green packaging market capacity in 2024 is about US$282.7 billion.