The packaging design services market was valued at $21,918.6 million in 2020, and is expected to reach $31,938.2 million by 2030, registering a CAGR of 3.7% from 2021 to 2030. Packaging design involves a process of connecting different components. It provides connection of typography, regulatory information, materials, imagery, colors, form, and structure with the ancillary design elements. This makes product suitable for marketing purpose. Advertising and product development are some of the key factors that drive the packaging design services market. Advertisement and product development lets the companies to innovate their product. In addition, it lets the companies to offer variety of packaging styles, color combinations, and material pattern.
Advertising products provide useful information about the product. In addition, it helps in providing useful information. Customers are drawn to packaging that provides them simple access to product facts. For instance, more than 70% of purchasing choices are made in-store based on packaging and information provided. Moreover, the protection of the interior goods is another element that drives the growth of the market. A product travels hundreds of thousands of miles before reaching clients. It gets delivered through the roadways, railways, rivers, or aircraft. Distinct modes of transportation necessitate different packaging and protection of the goods within the packaging industry, which demand for durable packaging solutions. Hence, this drives the use of durable packaging design for shipping applications.
However, innovation in packaging materials, change in packaging processes, and new packaging machineries required are the factors that limit the growth of the market. Customers' demand for eco-friendly packaging, as well as the upgraded or innovative packaging machines has grown. This is impeding the growth of small-scale industries that are unable to absorb the costs of upgrading or using new materials. This is due to newer investments in materials and machines. The best chance for growth in packaging design services is in the E-commerce industry. Hence, various small-scale companies find it difficult to afford newer machines and wastage of older materials.
On the contrary, ecommerce industry has grown at a rapid pace with years. It is effective in reaching clients at every nook and cranny of the globe. Hence, it is necessitating the use of specialized packaging to keep the product safe inside the package till it reaches the customer. In addition, various e-commerce companies have expanded their same-day delivery options for clients in various regions. For instance, Amazon introduced its same-day goods delivery feature for additional regions in the U.S. in August 2021. Furthermore, many developing countries, such as India and China have gained access to the feature of same-day product delivery. Thus, this is providing more convenience to the customers, which in turn, is anticipated to offer lucrative opportunities for the packaging design services market.
The packaging design services market is segmented on the basis of type, material, design type and region. By type, the market is divided into food, beverage, healthcare, cosmetics, electronics, and others. By material, the market is fragmented into paper, polymer, glass, metals, and others. By design type, the market is divided into packaging and label.
Region wise, the global packaging design services market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global packaging design services market share, and LAMEA is anticipated to secure a leading position during the forecast period.
The major players profiled in the packaging design services market include Arhue, DEI Creative, Forever Sincretix, La Visual Inc., Legnd, Murmur creative, Pulp+Wire, Ruckus Marketing, Tank design and The Netmen Corp. Major companies in the market have adopted business expansion and product launch as their key developmental strategies to offer better products and services to customers in the packaging design services market.
Advertising products provide useful information about the product. In addition, it helps in providing useful information. Customers are drawn to packaging that provides them simple access to product facts. For instance, more than 70% of purchasing choices are made in-store based on packaging and information provided. Moreover, the protection of the interior goods is another element that drives the growth of the market. A product travels hundreds of thousands of miles before reaching clients. It gets delivered through the roadways, railways, rivers, or aircraft. Distinct modes of transportation necessitate different packaging and protection of the goods within the packaging industry, which demand for durable packaging solutions. Hence, this drives the use of durable packaging design for shipping applications.
However, innovation in packaging materials, change in packaging processes, and new packaging machineries required are the factors that limit the growth of the market. Customers' demand for eco-friendly packaging, as well as the upgraded or innovative packaging machines has grown. This is impeding the growth of small-scale industries that are unable to absorb the costs of upgrading or using new materials. This is due to newer investments in materials and machines. The best chance for growth in packaging design services is in the E-commerce industry. Hence, various small-scale companies find it difficult to afford newer machines and wastage of older materials.
On the contrary, ecommerce industry has grown at a rapid pace with years. It is effective in reaching clients at every nook and cranny of the globe. Hence, it is necessitating the use of specialized packaging to keep the product safe inside the package till it reaches the customer. In addition, various e-commerce companies have expanded their same-day delivery options for clients in various regions. For instance, Amazon introduced its same-day goods delivery feature for additional regions in the U.S. in August 2021. Furthermore, many developing countries, such as India and China have gained access to the feature of same-day product delivery. Thus, this is providing more convenience to the customers, which in turn, is anticipated to offer lucrative opportunities for the packaging design services market.
The packaging design services market is segmented on the basis of type, material, design type and region. By type, the market is divided into food, beverage, healthcare, cosmetics, electronics, and others. By material, the market is fragmented into paper, polymer, glass, metals, and others. By design type, the market is divided into packaging and label.
Region wise, the global packaging design services market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global packaging design services market share, and LAMEA is anticipated to secure a leading position during the forecast period.
Competition Analysis
The major players profiled in the packaging design services market include Arhue, DEI Creative, Forever Sincretix, La Visual Inc., Legnd, Murmur creative, Pulp+Wire, Ruckus Marketing, Tank design and The Netmen Corp. Major companies in the market have adopted business expansion and product launch as their key developmental strategies to offer better products and services to customers in the packaging design services market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the packaging design services market forecast from 2020 to 2030 to identify the prevailing packaging design services market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the packaging design services market opportunity.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global packaging design services market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
- Wood
- Polymer
- Paper
- Metal
- Glass
By End User
- Food
- Beverage
- Healthcare
- Cosmetics
- Electronics
- Others
By Design Type
- Packaging
- Label
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Italy
- Rest of Europe
- Germany
- U.K.
- France
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Arhue
- DEI Creative
- Forever Sincretix
- La Visual Inc.
- Legnd
- Murmur Creative
- Pulp+Wire
- Ruckus Marketing, LLC
- Tank design
- The Netmen Corp
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PACKAGING DESIGN SERVICES MARKET, BY MATERIAL
CHAPTER 5: PACKAGING DESIGN SERVICES MARKET, BY END USER
CHAPTER 6: PACKAGING DESIGN SERVICES MARKET, BY DESIGN TYPE
CHAPTER 7: PACKAGING DESIGN SERVICES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Packaging Design Services Market,' the packaging design services market size was valued at $21.9 billion in 2020, and is estimated to reach $31.9 billion by 2030, growing at a CAGR of 3.7% from 2021 to 2030. Packaging design is a type of process that is a connection of different components. It involves connection of regulatory information, typography, imagery, color, materials, structure, and form with ancillary design elements. This helps in making a product suitable for marketing.The global packaging design services market is anticipated to grow due to factors such as advertising and product development. Product development helps in providing essential features over the product. In addition, it provides innovate features to the product. Different features such as packaging styles, color combinations, and material choice of packaging can be added through product development. In addition, effective advertising through packaging design helps in increasing sales of the products. Customers are drawn to packaging that provides quick access to product information. For instance, as per the statistics, packaging influences more than 70% of in-store purchases. In addition, need for preservation of the items inside the package is another factor that drives the growth of market. A product travels hundreds of thousands of miles before reaching its customers. It gets delivered through highways, rails, rivers, or planes. Distinct forms of transportation require different packaging and protection for the commodities inside the packaging. Hence, this is turn is drives the demand for efficient packaging design.
However, innovation in packaging materials, techniques, and new machinery are factors that limit the growth of the market. Customers' demand for eco-friendly packaging material is growing. In addition, the demand for upgraded or innovative packaging design is changing. Hence, this is impeding small-scale industries to afford newer machines and waste of older raw materials. Thus, this in turn is limits the growth of the market.
In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering the packaging design services market growth. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
The growth in ecommerce market is one of the factors that offers new opportunities for packaging design services. Ecommerce is rapidly growing and reaching customers in every corner of the globe. In addition, it is necessitating the usage of durable packaging to keep the product safe until it reaches the customer. In addition, several e-commerce companies have expanded their same-day delivery services for customers in different parts of the world. For instance, in August 2021, Amazon, expanded its same-day goods delivery service to new regions in the U.S. In addition, several developing countries, including India and China, are getting access to same-day goods delivery. Thus, these factors are expected to offer lucrative opportunities for the growth of the market.
The packaging design services market is segmented on the basis of type, material, design type and region. By type, the market is divided into food, beverage, healthcare, cosmetics, electronics, and others. By material, the market is fragmented into paper, polymer, glass, metals, and others. By design type, the market is divided into packaging and label.
Region wise, the packaging design services market analysis is done across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the packaging design services market share, and LAMEA is anticipated to secure a leading position during the forecast period. The major players profiled in the market include Arhue, DEI Creative, Forever Sincretix, La Visual Inc., Legnd, Murmur creative, Pulp+Wire, Ruckus Marketing, Tank design and The Netmen Corp.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging global packaging design services market trends and dynamics.
- Depending on material, the polymer segment was the largest revenue generator in 2020.
- By end user, the food segment generated the highest revenue in 2020.
- Based on design type, the packaging segment dominated the market in 2020.
- Region wise, Asia-Pacific is anticipated to dominate the global packaging design services market throughout the study period.
- The global packaging design services market forecast analysis from 2021 to 2030 is included in the report.
Companies Mentioned
- Arhue
- DEI Creative
- Forever Sincretix
- La Visual Inc.
- Legnd
- Murmur Creative
- Pulp+Wire
- Ruckus Marketing, LLC
- Tank design
- The Netmen Corp
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 21918.6 million |
| Forecasted Market Value ( USD | $ 31938.2 million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
