Status and Development Trend of Packaging and Printing Industry
With the increase in consumption of consumer goods and population growth, the global packaging market size has steadily increased from USD 741.2 billion in 2012 to USD 869.3 billion in 2016, with an average annual compound growth rate of 4.1%. Due to the diversification of consumer products and increasing requirements for packaging, the global packaging market is expected to continue to grow at a compound annual growth rate of 3.4% in the next five years.
China's per capita packaging consumption still has a large gap compared with major countries and regions around the world, and the various segments of the packaging industry will have a broad space for export market development in the future.
Packaging demand is strong in France, Russia, and the UAE.
France: Large market for high-end consumer goods, strict packaging quality requirements
The French packaging market has become one of the largest markets in the world, but French producers can only meet one-third of domestic packaging demand. Other gaps are met by importing from Germany, Italy, the United States and Canada.
Russia: Packaging industry is relatively backward, a large number of products need to be imported
In the Russian food industry, the annual demand for color printing, box-making and other materials used for packaging depends on its domestic production enterprises to meet an average of only 40%. Therefore, not only packaging equipment and containers need to be imported, but packaging materials must also be imported.
UAE: Ranked first in the Middle East, with products radiating to large parts of Asia and Africa
The UAE packaging industry market is the fastest growing industry market in the Middle East and North Africa, and the market size has reached US $ 2.3 billion. According to a survey by the Dubai Chamber of Commerce, packaging of food and durable consumer goods has stimulated the vitality of the packaging materials industry. Dubai as a transit point for food and beverage and other products to Africa and Asia further supports the prospects of the packaging industry.
The global packaging market was worth more than $ 950 billion in 2018. Among them, Asia is the largest consumer region, accounting for 36% of the market, and the market continues to expand; North America and Western Europe are followed, with 23% and 22%, respectively. In recent years, the market share of flexible packaging has rebounded significantly.