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Manufacturing Industry > Packaging & Printing
Packaging & Printing
Packaging & Printing: Sustainable Solutions for a Circular Economy
The packaging and printing industries are undergoing rapid transformation, fueled by consumer demand for sustainability and environmentally friendly solutions. The global packaging market was valued at $1.1 trillion in 2023 and is projected to grow at a CAGR of 4.5%, reaching $1.7 trillion by 2030, according to Smithers Pira. Key drivers include the rise of e-commerce, which has created demand for more durable, lightweight, and cost-efficient packaging, and the growing emphasis on recyclable, biodegradable, and compostable materials.
Packaging innovations, such as smart packaging, RFID-enabled solutions, and eco-friendly inks, are enhancing brand differentiation and reducing environmental impact. The shift towards sustainable packaging is not just driven by regulatory pressures but also by a growing consumer preference for environmentally responsible products, especially in industries like food and beverage, cosmetics, and pharmaceuticals.
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