Packaging Design Services Market Expected to Reach $31.9 Billion by 2030—Allied Market Research

The rise of e-commerce business has led to increase in packaging requirements.”

— alliedmarketresearch

WILMINGTON, DELAWARE, UNITED STATES, April 17, 2024 /EINPresswire.com/ — Prime determinants of growth

Advertising done through designing helps brands boost sales of the product. Packaging with information regarding the product helps customers make decisions. For instance, more than 70% of purchasing decisions are made in stores on the basis of packaging through the information provided. This, in turn, drives the growth of the global packaging design services market. On the other hand, the growth in e-commerce industries presents new opportunities in the coming years.

According to the report, the global packaging design services industry generated $21.9 billion in 2020, and is anticipated to generate $31.9 billion by 2030, witnessing a CAGR of 3.7% from 2021 to 2030.

Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/A16065

The polymer segment to maintain its leadership status throughout the forecast period

Based on material, the polymer segment held the highest market share in 2020, accounting for nearly three-fifths of the global packaging design services market, and is estimated to maintain its leadership status throughout the forecast period. This is due to large scale use of plastic in the packaging industry. However, the paper segment is projected to manifest the highest CAGR of 4.6% from 2021 to 2030, owing to extensive rise in demand for sustainable packaging solutions.

The food segment to maintain its lead position during the forecast period

Based on end user, the food segment accounted for the largest share in 2020, contributing to nearly two-fifths of the global packaging design services market, and is projected to maintain its lead position during the forecast period. This is attributed to the highest demand for food packaging services around the world. However, the healthcare segment is expected to portray the largest CAGR of 4.6% from 2021 to 2030, owing to rise in health awareness among the people around the world.

Asia-Pacific to maintain its dominance by 2030

Based on region, Asia-Pacific held the highest market share in terms of revenue 2020, accounting for more than one-third of the global packaging design services market, due to large scale production of food & beverages and other products in China, India and other nations in the region. However, the LAMEA region is expected to witness the fastest CAGR of 4.9% during the forecast period, owing to industrialization and urbanization in the developing countries of the region.

Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/A16065

Key Report Highlights:

By Material –
Wood
Polymer
Paper
Metal
Glass

By End User –
Food
Beverage
Healthcare
Cosmetics
Electronics
Others

By Design Type –
Packaging
Label

Top Players:
Murmur Creative, The Netmen Corp, Arhue, Legnd, La Visual Inc., Pulp+Wire, DEI Creative, Ruckus Marketing, LLC, Forever Sincretix, Tank design

Buy This Report Now:
https://www.alliedmarketresearch.com/checkout-final/29ec93f95aac9b358fdec1548216fa69

Read More Related Reports:

Sachet Packaging Market – https://www.alliedmarketresearch.com/sachet-packaging-market-A12802

Aseptic Packaging Market – https://www.alliedmarketresearch.com/aseptic-packaging-market-A05984

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
Allied Market Research
+ +1 5038946022
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Explore More

New Housing Indicator Tool Data Reveals Escalating Housing Affordability Crisis in the Capital Region

0 tags

Data from the Housing Indicator Tool 4.0 signals housing gap trends in the Capital Region of Maryland, Virginia, and Washington, DC WASHINGTON, DC, UNITED STATES, April 4, 2024 /EINPresswire.com/ —

Packetcraft Delivers Bluetooth Software Enabling Channel Sounding to Early Access Licensees

0 tags

A log file of channel sounding protocol transactions created with the Bluetooth Vanguard protocol analyzer from Ellisys New use cases of Bluetooth’s new emerging Channel Sounding technology includes digital keys

Clean Group Revolutionizes Commercial Cleaning with Launch of Eco-Friendly Services and Cutting-Edge Technology

0 tags

commercial cleaning company logo cleaners SYDNEY, NSW, AUSTRALIA, March 4, 2024 /EINPresswire.com/ — Clean Group Australia, a leading provider of commercial cleaning solutions, is proud to announce the launch of