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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