Personalized Packaging Market Predicted to Reach 35.5 Billion by 2024
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According to the Zion Market Research report publicized this month (Sept. 2018), global personalized packaging market was valued at $25,578.20 million in 2017 and is expected to generate revenue of around $35,513.95 million by the end of 2024, growing at a CAGR of around 4.8% between 2018 and 2024.
Summary of research data suggested that the swift technological development and continuous improvement in the machines producing the product (such as digital presses available now in paper for packaging achieving small to even medium level commercial runs of packaging assembly and printing with personal information on the items) have led to an estimated upsurge in the packaging industry across the globe.
With the help of key technological upgrades, the demand for personalized packaging is increasing to date and in period projections. In addition, and key to the paper-related industries with prime solutions being designed specifically for this; the emergence of sustainable and consumer-friendly packages has propelled the growth of the market in a way that can most benefit the Paper sector and possibly increase its market share vs. key competitors noted by Zion such as Glass, Plastic, and Metal sectors.
With the help of key technological upgrades, the demand for personalized packaging is increasing to date and in period projections. In addition, and key to the paper-related industries with prime solutions being designed specifically for this; the emergence of sustainable and consumer-friendly packages has propelled the growth of the market in a way that can most benefit the Paper sector and possibly increase its market share vs. key competitors noted by Zion such as Glass, Plastic, and Metal sectors.
