3D printing refers to a specific field of manufacturing technology which includes a range of processes and applications. The concept includes construction of parts, layer-upon-layer. In the past few years, 3D printing has witnessed rapid adoption among manufacturers as it completely elimiates the need for tooling. In its initial days, 3D printing had limited applications in the packaging industry, which included prototyping.
1. 3D printed packaging products: Introduction & Significance
3D printing refers to a specific field of manufacturing technology which includes a range
of processes and applications. The concept includes construction of parts, layer-upon-
layer. In the past few years, 3D printing has witnessed rapid adoption among
manufacturers as it completely elimiates the need for tooling. In its initial days, 3D
printing had limited applications in the packaging industry, which included prototyping.
However, in recent years, 3D printing has made several strides in applications, and is
expected to continue the momentum during the forecast period. 3D printing is now
being increasingly used for the construction of final products. 3D printing is anticipated
to create immnese opportunity for the growth of the packaging industry, especially
during occasions, ranging from corporate events & conferences, to special events with
worldwide coverage such as the Olympics. This arises from the requirement to turn
around packaging that relates to that event. 3D printing has equally likely chances of
disrupting the packaging industry as nanotechnology. Therefore, the outlook for the
growth of the global 3D printed packagingis anticipated to be largely positive.
Research Methodology
2. A robust research methodology was adopted to determine the market size for 3D
printed packaging products.
Supply-side analysis
The collected numbers are primarily obtained from key 3D printed packaging product
manufacturers in the world, their product offerings, sales revenues in each market
verticals. Sales revenue from 3D printed packagingwas estimated after comprehensive
product mapping. Various market and industry experts, which includes sales and
marketing heads of 3D printed packaging product manufacturers, independent
consultants, and distributors, were contacted to validate the penetration of 3D printed
packagingin the total packaging market.
Demand-side analysis
The overall end use market size was determined, and the penetration of 3D printed
packaging was determined in eash of the end uses. The total value and demand for 3D
printed packagingwas mapped in each end use industry, across the world.
This approach is followed for the global market, and bottom-up analysis was used to
arrive at the market size of 3D printed packaging products, in terms of consumption and
revenue.
Global 3D printed packaging market: Segmentation
The global 3D printed packaging market has been segmented as follows –
On the basis of end use packaging industry, the global 3D printed packaging market
has been segmented as follows –
Food & Beverage packaging
Personal care & cosmetic products packaging
Medical products & pharmaceutical packaging
Others
On the basis of 3D printing method, the global 3D printed packaging market has
been segmented as follows –
Additive manufacturing
Subtractive manufacturing
3. Additive manufacturing
It is the process which allows the construction of 3D objects by successively depositing
material in layers such that it becomes a predesigned shape.
Subtractive manufacturing
In this method, 3D objects are constructed by successively cutting material away from a
solid block of material.
On the basis of application, the global 3D printed packaging market has been
segmented as follows –
Concept models
Functional prototypes
Manufacturing tools
End use parts
*Price range for the market has been studied on the basis of application
Global 3D printed packaging market: Key Players
Some of the key players using 3D printing for packaging are –
The Dial Corp.
Silgan Plastics
Xerox Corp.
Tray-Pak
Some of the brand owners who use 3D printing include –
Estee Lauder
Coty, Inc.
L’Oreal S.A.
GlaxoSmithKline plc
Mondelez International, Inc.
Some vendors in the market include
4. GenPak
Lombardi Plastic
Smart Design Co.
Key developments & dynamics of the market
3D printing has had a troubling history of competing with alternative technologies for
price. However, one of the key characteristics observed in modern consumers is a large
affinity towards packaging designs which are more exciting, engaging, and interactive.
3D printing would enable designers and engineers to do just that. The possibilities with
3D printing in the packaging industry are limitless, especially with bespoke packaging
formats. 3D printing is also anticipated to play a pivotal role in the growth of contract
manufacturers. 3D printing enables a company to add real-time innovations to a
packaging line, efficiently.
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.
3D printing is being used to construct 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.
3D printing is expected to witness growth in the rate of adoption in the next few
years, owing to their zero contribution to plastic waste pollution.
The road ahead
To conclude, 3D printing will eventually be routinely used as a means of manufacturing
products related to end use. In the recent years, we have witnessed a growing interest
for personalized packaging among brands and packaging manufacturers. For instance,
Coca-Cola’s share a coke campaign, Nutella offering personalized jars of chocolate
spread displaying the name of the consumer, Heinz running a competition to win a
personalized bottle for HP sauce, for Father’s day. These, and the fact that many
beverage and alcohol brands are now selling NFC enabled bottles which can be
connected with smartphones, emphasize that the trend of personalized packaging is
unlikely to become obsolete any time soon. Therefore, experimenting with 3D printed
packaging would be of great interest for these brands. There are several challenges to
5. be faced down the line. High investment is required for 3D printing equipment, along
with skilled operators. Also, mass production of large volume glass bottles is a feat yet
to be achieved.
This study by TMR is all-encompassing framework of the dynamics of the market. It
mainly comprises critical assessment of consumers' or customers' journeys, current and
emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed
visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped
avenues, factors shaping their revenue potential, and demand and consumption
patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven
research and advisory for CXOs to help them make better decisions for their businesses
and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the
market and its segments. It offers various customer impressions about the products and
service use. The analysis takes a closer look at their pain points and fears across various
customer touchpoints. The consultation and business intelligence solutions will help
6. interested stakeholders, including CXOs, define customer experience maps tailored to
their needs. This will help them aim at boosting customer engagement with their
brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary
research the analysts engage with during the course of research. The analysts and expert
advisors at TMR adopt industry-wide, quantitative customer insights tools and market
projection methodologies to arrive at results, which makes them reliable. The study not
just offers estimations and projections, but also an uncluttered evaluation of these
figures on the market dynamics. These insights merge data-driven research framework
with qualitative consultations for business owners, CXOs, policy makers, and investors.
The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all
business priorities, including mission-critical ones. The results when implemented have
shown tangible benefits to business stakeholders and industry entities to boost their
performance. The results are tailored to fit the individual strategic framework. The study
also illustrates some of the recent case studies on solving various problems by
companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad
strategic frameworks. This has become more important than ever, given the current
uncertainty due to COVID-19. The study deliberates on consultations to overcome
various such past disruptions and foresees new ones to boost the preparedness. The
frameworks help businesses plan their strategic alignments for recovery from such
disruptive trends. Further, analysts at TMR helps you break down the complex scenario
and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the
market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service
lines?
7. 2. What value propositions should businesses aim at while making new research and
development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain
network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some
well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to
new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key
growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market
Research has emerged as one of the trusted market research companies among a large
number of stakeholders and CXOs. Every report at Transparency Market Research goes
through rigorous research activity in every aspect. The researchers at TMR keep a close
watch on the market and extract beneficial growth-boosting points. These points help
the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research
involves taking inputs from the experts in the market, focused attention on recent
developments, and others. This method of research makes TMR stand out from other
market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the
reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze
recent strategic activities like mergers, acquisitions, partnerships, collaborations, and
joint ventures. All the information is compiled and included in the report.
8. Perfect Market Size Estimations: The report analyzes the demographics, growth
potential, and capability of the market through the forecast period. This factor leads to
the estimation of the market size and also provides an outline about how the market will
retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment
opportunities across a particular market. These developments make the stakeholders
aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s
reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Contact us:
Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY - 12207,
United States
Tel: +1-518-618-1030 Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
https://todaysmarkettrends.wordpress.com