Europe Packaging Printing Market: By Packaging Type (Paper & Paperboard, Plastic, Labels, Others), By Ink Type ( Solvent Based Ink, Aqueous Ink, UV Curable Ink), By Technology (Flexography, Digital Printing, Screen Printing, Rotogravure, Offset Lithography), By Application (Food & Beverage, Cosmetic & Homecare, Pharmaceutical, Tobacco Products, Others) and By Country (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)

Europe Packaging Printing Market was valued at USD 95,683.50 million in 2023 and grew at 3.90% CAGR over the historical years (2019 - 2023). The market is projected to reach USD 121,112.84 million by 2030 at a CAGR of 3.44 %. Technological developments, coupled with the increased demand for creative packaging, which is driven by intense competition and brand recognition, are projected to fuel the market over the forecast period. Moreover, the increased demand for creative packaging from end-user categories such as food, beverage, and cosmetics, among others, is likely to propel market growth. For example, according to a recent ‘Packaging Dive’, A dramatic shift is taking place in the beverage industry as material supply shifts from land to sea, with seaweed emerging as a promising component for biobased packaging, notably bioplastics. Rapid expansion of digital print technology has contributed to the growth of the print label industry by making the label printing market more sophisticated and increasing the usage of digital print labels. Their flexibility and agility, as well as the high graphical standards, are key growth drivers of the digital print labels.

Europe Packaging Printing Market Key Developments:

• On April 25, 2024 – Amcor, a global leader in developing and producing responsible packaging solutions, together with Kimberly Clark, has launched packaging for its Eco Protect diapers with 30% recycled materials in Peru. The bags contain post-consumer recycled content and provide a more sustainable packaging solution for the hypoallergenic diapers made with certified, plant-based fibres.
• On Feb 01, 2024, Smurfit Kappa had announced €54 million investment in Spanish Bag-in-Box plant which is to strengthen the sustainability of both the plant’s operations and its product portfolio, with enhanced waste management systems and significant savings in energy consumption
• On 21 February 2024, Mondi, a global leader in sustainable packaging and paper is expanding production of its innovative range of paper-based EcoWicketBags. This comes in response to increasing demand for sustainable packaging in the home and personal care (HPC) industry, particularly for products such as diapers and feminine hygiene products.
• On 5 February 2024, Mondi plc (Mondi), a global leader in the production of sustainable packaging and paper, has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million.