In Vietnam, printing digital packaging of food processing industry has an annual growth rate of 15 to 20%. This achievement was achieved by the doubling of customer base last year as well as due to the constantly increasing market demand.
In 2019, the Asia-Pacific region holds a large market share in the packaging printing market. This is a result of suppliers focusing on offering low-cost printed packaging while still meeting industry standards for safety, quality, efficiency, completion time, and innovation print technology.
The region also has the highest growth forecast in the context of increasing sales of electronic retail, along with increasing printing demand in the food industry, helping to boost market value. Global packaging printing market, expected to reach nearly 503 billion USD by 2027.
In Vietnam, the food processing and packaging industry clearly reflects the region’s consumer demand with a strong growth trend, with an annual growth rate of 15 to 20%. Supporting this trend is Vietnam’s capacity to provide equipment, machinery and materials as well as to invest in building factories. In 2017, there were about 1,500 industrial printing digital packaging enterprises in the country, earning more than US $ 2 billion in revenue each year.
In addition, like businesses in Asia – Pacific, small and medium enterprises in Vietnam are under tremendous pressure to cut costs, improve productivity and autonomy in printing. print as well as cater to digital needs.
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Source: https://vtv.vn/kinh-te/
