Packaging and labels have become the strategic center of gravity for the printing industry. New market modelling from Smithers shows the sector generated $504.9 billion in global value in 2024 — more than half a trillion dollars — and forecasts growth to $604.0 billion by 2029, a 3.6 percent compound annual growth rate.
The Scale of the Numbers
The volume behind those figures is difficult to visualize: 14.31 trillion A4 print equivalents of labels, corrugated board, folding cartons, flexible paper and plastics, rigid plastic, and metal packaging were printed in 2024, consuming 1.54 million tons of ink. Output is projected to reach 17.12 trillion A4 equivalents by the end of the forecast period. While traditional publication and graphics markets remain static or decline, rising consumption of packaged goods continues to fuel expansion.






