3D Printed Packaging Market Growth Analysis, Demand, Trends and Developments Forecast to 2028
The global market for 3D printed packaging market was strong in 2020 and is expected to see steady revenue growth over the forecast period. The increasing adoption of 3D printed packaging among manufacturers in various industries, as well as the demand for innovative and advanced packaging products, are the key factors contributing to this growth. The use of 3D printing technology eliminates the need for tooling and final product construction, making it more cost-effective. 3D printing is also expected to play a significant role in the expansion of contract manufacturers.
One
of the major factors expected to drive the growth of the 3D printed packaging
market is the growing demand for packaging products in the food and beverage
industry. Customized packaging solutions are particularly useful in this industry.
Additionally, 3D printing technology is expected to gain popularity due to its
zero plastic waste pollution.
The
North America market accounted for a significant revenue share in 2020 and is
expected to continue its dominance over the forecast period. The Asia Pacific
market is also expected to see high revenue growth due to the rapid growth and
development of the industry in the region.
Some
major players in the global 3D printed packaging market include The Dial Corp.,
Silgan Plastics, Xerox Corp., and Tray-Pak. These companies are adopting
various strategies to stay ahead of the competition and expand their market
share.
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The
report covers historical data and forecasts for revenue growth at a global,
regional, and country level. It also provides analysis of industry trends and
consumption patterns, as well as market strategies, segment revenue, and market
share contribution by each regional and country market. The report also
includes a detailed view of the global 3D printed packaging market, including
changing dynamics and trends, regional landscape, product offerings, and
details of historical, current, and projected revenues. The market is segmented
based on type, application, and region.
3D Printed Packaging Market: Drive
factors
The
global 3D printed packaging market is expected to experience steady revenue
growth over the forecast period. This growth can be attributed to the
increasing adoption of 3D printed packaging by various manufacturers in
different end-use industries. The use of 3D printing technology eliminates the
need for tooling and final product construction, which makes it more efficient
and cost-effective. Additionally, the demand for innovative and advanced
packaging products for various end-use applications is increasing, which is
expected to further drive the growth of the market.
Moreover,
occasions such as corporate events, conferences, and international events like
the Olympics are expected to provide lucrative revenue opportunities for major
players operating in the global packaging market. The expansion of contract
manufacturers is also expected to be significantly aided by 3D printing.
One
of the major factors expected to drive the growth of the global 3D printed
packaging market is the growing demand and adoption of packaging products made
using 3D printing technology for application in the food and beverage industry.
3D printing packaging technology offers endless potential for customized
packaging formats, making it a tool for creative and innovative packaging
solutions. Additionally, various pharmaceutical businesses use 3D printers to
build working models, which is another major factor expected to support market
revenue growth to a significant extent.
Moreover,
3D printing is expected to gain popularity and high adoption over the forecast
period due to its zero plastic waste pollution. Developing countries are
investing significantly in increasing production of 3D printed packaging to
cater to rising demand from various industries globally. However, the high cost
of 3D printing equipment and the lack of trained operators are key factors that
could have a negative impact on the growth of the global 3D printed packaging
market.
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