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The global packaging market exceeded $1 trillion in 2026
According to market research firm Smithers Pira, the global packaging market will grow at a compound annual growth rate of 3.8% from 2016 to 2026, from $806.3 billion to $11,621 million. Among them, packaging design will promote the growth of this market.
The research report “Future Packaging Design: Long-Term Strategic Forecast by 2026†points out that the future of the packaging industry will be affected by general political, economic, social and technological factors, just like any previous one. At the same time, the design of future packaging from 2016 to 2026 will be dominated by the technology of the supplier and will meet the demand for consumption trends. Market factors such as convenience, consumer income, health and safety will be considered in future packaging design.
Ashley Gange, author of the study, said: "The political environment will affect packaging and packaging design in terms of sustainability, food packaging security, etc. through laws and regulations and initiatives. Over the past decade, sustainability has become a lot A very important consideration in the field, especially in the packaging industry is a big problem. Like disposable packaging, it faces very fierce competition and increasing pressure from consumers, retailers, suppliers, governments, regulators. , NGOs, environmental organizations and some other development associations for environmental solutions."
In 2010, the European labor market experienced the first recession. Over time, the impact of this trend on the printing industry is more obvious. It is expected that this trend will continue. Over the past decade, the aging phenomenon of some big countries such as Canada, China and South Korea. It will be more serious.
Workforces in emerging markets such as Brazil, Mexico and India will be more developed, and if these countries provide young people with appropriate educational opportunities and develop their skills, such demographic trends will help the local printing industry.