A new study from Smithers-Pira, Printing for Food Packaging, predicts a doubling of ink jet printing of food packages in five years.
- Worldwide in 2018, 58.7% of all printed packaging is food packaging.
- A total of 394.6 billion square metres of primary food packaging will be printed in 2018.
- Printing for food packaging will grow at 3.6% year-on-year across 2018-2023, compared to 0.8% for the overall print market,
- Folding cartons and flexible packaging, are the most lucrative formats, with market shares by value of 22.9% and 26.1%, respectively in 2018
- The total value of food contact inks and coatings will rise from $2.02 billion to $3.20 billion in 2023, with growth fastest in UV/EB curing and water-based formulations
- The output of food packaging on inkjet printers will more than double across the next five years.
- New regulatory requirements are on the horizon with specific regulations on printing inks in the EU, Japan and China.
- Asia is the largest global region for food packaging printing with a market share of 38.0% in 2018, rising to 41.3% in 2023.
SOURCE: Packaging World