3D Printed Packaging Market - Forecast(2023 - 2028)

Report Code: CMR 1399 Report Format: PDF + Excel

3D Printed Packaging Market Overview

3D Printed Packaging Market size is forecast to reach US$3.7 billion by 2026, after growing at a CAGR of 17.3% during 2021-2026. 3D printers can streamline prototyping processes in plastic packaging design. The technology is capable of fabricating models in almost all shapes while a wide range of filaments can be used to imitate a variety of target materials. Acrylonitrile Butadiene Styrene (ABS) is one of the most versatile Plastic materials available for 3D printing today. The 3D Printing process used with ABS is an Additive Manufacturing(AM) process such as FDM (Fusion Deposition modelling) process, where the material is heated and squeezed through a fine nozzle to build the design. In metal Additive Manufacturing (AM) Inert gases such as Argon and Nitrogen oxide are necessary to deliver the necessary powder quality, so that it flows smoothly and evenly inside the 3D printer. Photopolymerization is the curing process that uses ultraviolet (UV) light in 3D printing to cure the deposited material. Curing results in physical changes to the deposited material, turning it from a liquid or semi-solid state to a solid state so that it is stronger and better protected against damage while packaging. Because of the adoption of technological advancement and feasibility in packaging, 3D Printed Packaging Market has huge potential to grow in the forecast period.

COVID-19 Impact

Due to Covid-19 there was a mixed impact on the packaging industry. Self-isolation rules have resulted in short supply and event cancellations, and supply chains are looking to move to source away. Stocks have been in danger of running short. Relocating supply chains was a challenge. The coronavirus crisis led to some of the sharpest declines in recent times in demand for certain types of packaging while accelerating growth for others such as packaging for e-commerce shipments that are emerging as lifelines in this new world. The Demand for packaging for groceries, healthcare products is rising. At the same time, demand for industrial, luxury, and some B2B-transport packaging could decline. The impact on packaging players will depend on their portfolios and exposures to different regions, end uses for packaging. As the pandemic loses its grip on certain regions, packaging demand in those regions is likely to move up and overcome the economic crisis gradually.

Report Coverage

The report: “3D Printed Packaging Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the “3D Printed Packaging Market".
By Printing Method: Stereolithography (SLA), Selective Laser Sintering (SLS), Fused Deposition Modeling (FDM), Digital Light Process (DLP), ?Multi Jet Fusion (MJF), ?PolyJet, ?Direct Metal Laser Sintering (DMLS), ?Electron Beam Melting (EBM)
By End-Use Industry: Food and Beverage, Personal care and Cosmetic Product Packaging,?Medical Product and Pharmaceutical Packaging, Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)

Key Takeaways

  • Asia-Pacific dominates the 3D Printed Packaging Market, owing to the increasing FMCG (Fast Moving Consumer Goods)Packaging industry in the region.
  • 3D Printed Packaging enables brands to offer personalized packaging for customers. This might range from choosing from a set of series of different design options, or completely custom-designed according to the customer's needs. This could include everything from changing the label on a product to tweaking the actual packaging design for the individual.
  • Several companies use 3D printing to construct packaging prototypes, molds for thermoforming parts, and making prototypes of packaging machinery parts.
  • Many pharmaceutical companies use their 3D printers to construct functional prototypes to manufacture robotic arms used in production. Therefore, 3D printing is anticipated to positively impact packaging machinery manufacturers.
  • 3D printing is also a boon to the industry, especially the food & beverage industry, as an aid to custom and personalized packaging solutions, thus the market sees a potential growth in the forecast period.

Figure: Asia-Pacific 3D Printed Packaging Market Revenue, 2020-2026 (US$ Billion)

                             

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3D Printed Packaging Market Segment Analysis – By Printing Method

Stereolithography (SLA) segment held the largest share in the 3D Printed Packaging market in 2020 and is growing at a CAGR of 5.3% during 2021-2026. SLA is one of three primary technologies adopted in 3D printing, together with fused deposition modeling (FDM) and selective laser sintering (SLS). Stereolithography (SL) is an industrial 3D printing process used to create concept models, cosmetic - rapid prototypes, and complex parts with intricate geometries. Stereolithography parts can be produced in a wide selection of materials, extremely high feature resolutions, and quality surface finishes are possible with SL. It works by using a high-powered laser to harden liquid resin that is contained in a reservoir to create the desired 3D shape. In a nutshell, this process converts photosensitive liquid into 3D solid plastics in a layer-by-layer fashion using a low-power laser and photo polymerization. Thus the sustainability of 3D printing processes can aid to better 3D printing packaging and thus grow the market.

3D Printed Packaging Market Segment Analysis – By End-Use Industry

Food and Beverage Packaging segment held the largest share in the 3D Printed Packaging Market in 2020 and is growing at a CAGR of 6.4% during 2021-2026. According to Smithers Pira In 2019 the total value of the packaging globally will be $917 billion. The comprehensive research employed in the Future of Global Packaging to 2024, shows that packaging demand will grow steadily at 2.8% to reach $1.05 trillion in 2024. Smart Cups, launched a unique range of energy drinks, where the 3D-printed biodegradable cups look like plastic, but actually have the energy drink ingredients contained within the packaging. The customer just has to add water to release them. The packaging will even self-stir the drink to ensure it is properly mixed. Smart Cups is working on cups that make hot, cold and even fizzy drinks so the options look set to rapidly expand. Thus due to the vast usage of 3D printing in Packaging with technological advancement, the market is projected to grow in the forecast period.

3D Printed Packaging Market Segment Analysis – By Geography

Asia-Pacific region held the largest share in the 3D Printed Packaging market in 2020 up to 43%, owing to the accelerating FMCG industries in the region. The packaging market in Asia is expanding exponentially on two fronts: local markets are spurring massive growth in the industry and companies with Asian-based manufacturing operations are forging new strategic partnerships in the region. According to York Saw and Knife, the Asia-Pacific region represents the largest and fastest-growing corrugated packaging market in the world, accounting for 53.7% of production and shipments in 2018Clean and transparent labeling strongly affects the packaging industry’s food sector. More and more U.S. consumers are scanning food packages with their smartphones to find out exactly what they contain. Brands answered the clean and transparent trend in 2020 with the implementation of Smart Label. According to York Saw and Knife,  The United States accounts for approximately US$170 billion in the global packaging market.  The Flexible Packaging Association reports the flexible packaging segment accounts for 19% of the total U.S. packaging market. The 3D Printed Packaging Market is projected to grow owing to the increased investment in the region.  

3D Printed Packaging Market Drivers

Growth in packaging industry:

Growth & potential in consumer packaged goods is very significant in countries such as China and India due to solid demand from the food and Pharmaceutical industries. This is increasing the demand for packaging solutions that are convenient and portable, with the flexible plastics sector with main beneficiary. The growth is driven by key factors such as rising population, increase in income levels, and changing lifestyles. Also, the fast-moving consumer goods (FMCG) sector represents the largest opportunity for flexible packaging. Consumers are taking a greater interest in their own health matters, leading to healthier lifestyles. Therefore this is boosting demand for packaged goods, such as healthy foods and beverages such as gluten-free, organic/natural, portion controlled, alongside non-prescription medicines and nutritional supplements.

Rapidly growing e-commerce Sector

The global market for online retailing continues to grow rapidly, driven by penetration of the Internet and smart phones. Consumers are increasingly buying more goods online. This will continue to increase through 2028 and will see an elevated demand for 3D Printed Packaging solutions, especially corrugated board formats that can safely ship goods through the more complex distribution channels. This is simulating an interest in customized or versioned packaging and packaging solutions that can create an impact on them. Digital (inkjet and toner) printing is providing a key means to do this, with higher throughput printers dedicated for packaging substrates now seeing their first installations. This further aligns with the desire for integrated marketing, with packaging providing a gateway to link into social media. Thus, the 3D Printed Packaging Market is growing in the forecast period.

3D Printed Packaging Market Challenges

High Price of 3D Printing Process:

There are a couple of challenges that brands face when personalizing through 3D printing. The first is cost and, whilst 3D printers have come down greatly in price, personalized packaging still costs more than standard formats. The second challenge is that of the need to include certain elements, such as imagery and legally required information. Because of these requirements, consumers cannot be allowed to be in full control of the packaging design. One way around this could be to provide them with a packaging template, or perhaps the choice of templates, with certain aspects that can be personalized before being printed. With 3D printing still very intriguing to consumers, it is expected to see brands experimenting with it in the coming months and creatively make use of this new technology.

3D Printed Packaging MarketLandscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D Printed Packaging market. 3D Printed Packaging top companies include:

  1. Stratasys
  2. 3D Systems
  3. EOS GmbH
  4. GE Additive
  5. Materialize
  6. SLM Solutions
  7. ExOne
  8. Voxeljet
  9. HP
  10. EnvisionTEC 

Acquisitions/Technology Launches

  • In May 2021, Covestrointroduced its first 3D printing material,a glass-fiber filled recycled polyethylene terephthalate (rPET) for 3D pellet printing. It was developed by the additive manufacturing business recently acquired from DSM.

Relevant Reports:

3D Printing Market – Forecast(2021 - 2026)
Report Code: ESR 0519

3D Printed Packaging Market – Forecast(2021 - 2026)
Report Code: CMR 1399

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1. 3D Printed Packaging Market- Market Overview
    1.1 Definitions and Scope
2. 3D Printed Packaging Market- Executive Summary
    2.1 Key Trends by Printing Method
    2.2 Key Trends by End-Use Industry
    2.3 Key Trends by Geography
3. 3D Printed Packaging Market– Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. 3D Printed Packaging Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. 3D Printed Packaging Market– Industry Market Entry Scenario PremiumPremium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. 3D Printed Packaging Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. 3D Printed Packaging Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. 3D Printed Packaging Market- By Printing Method (Market Size -US$Million/Billion)
    8.1 Stereolithography (SLA)
    8.2 Selective Laser Sintering (SLS)
    8.3 Fused Deposition Modeling (FDM)
    8.4 Digital Light Process (DLP)
    8.5 Others
9. 3D Printed Packaging Market – By End-Use Industry(Market Size -US$ Million/Billion)
    9.1 Food and Beverage
    9.2 Personal care and Cosmetic Product Packaging
    9.3 Medical Product and Pharmaceutical Packaging
    9.4 Others
10. 3D Printed Packaging Market -By Geography (Market Size -US$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherlands
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zeeland
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 UAE
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. 3D Printed Packaging Market– Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. 3D Printed Packaging Market– Industry/Segment Competition Landscape Premium
    12.1 Market Share at Global Level - Major companies
    12.2 Market Share by Key Region - Major companies
    12.3 Market Share by Key Country - Major companies
    12.4 Market Share by Key Application - Major companies
    12.5 Market Share by Key Product Type/Product category- Major companies
    12.6 Company Benchmarking Matrix - Major companies  
13. 3D Printed Packaging Market – Key Company List by Country Premium Premium
14. 3D Printed Packaging Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9  Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"