Turkey Packaging Printing Market Outlook

The turkish packaging printing market has witnessed steady growth over the past few years, and is expected to retain its positive momentum in the upcoming years. according to reports, the market was estimated at us$ 21.4 billion in 2018 and is expected to expand at a compound annual growth rate (cagr) of 5% between 2019 and 2032. one of the major factors driving growth in the turkish packaging printing market is the burgeoning demand for food and beverages. the rapid growth in the hospitality sector, with the rise in propensity to eat out, as well as the increased purchasing of packaged products has enabled caterers and retailers to employ visually appealing labels and packaging that add to their products’ attractivity. analogous to this, the rapidly increasing demand for consumer electronics, such as smartphones, laptops and tablets, has triggered a heightened demand for packaging printing sector. technological advancements in production machinery and supplies have further enabled packaging printing companies in the country to offer advanced and more sophisticated services. other factors contributing to the growth of the turkish packaging printing market include increasing trend of personalization among consumers and burgeoning campaign for healthy and natural food products. growing concerns over hazardous effects of plastic packaging and environment-damaging treatments have further propelled the adoption of green packaging materials, such as paper and sustainable plastic, thereby presenting various opportunities for market growth. the turkish packaging printing market is highly fragmented, with the presence of numerous local players, who offer cost-effective solutions. however, with the rise in technological advancements, leading industry players are increasingly embracing digitization and workflow automation processes. this has enabled the leading players to gain competitive advantage in the market, therewith fostering its growth over the coming years. in conclusion, the burgeoning demand for food and beverages industry, technological advancements, personalization trend, and drive for natural and healthy products are expected to drive the turkish packaging printing in the upcoming years. according to reports, the market is expected to reach us$ 32.8 billion by 2032.