3D Printing & the Packaging Industry
3D printing is set to revolutionize both the global manufacturing and packaging industry. The overall 3D printing market consists of 3D printers, polymer materials, parts and services. A major news report from Smithers Pira, the 3D printing industry is expected to increase to $5.9 billion in 2015 and grow to $49.1 billion by 2025, representing a CAGR of 23.7%, worldwide.
The 3D Printing industry consists of two subcategories. The first is the industrial markets; utilizing 3D printing users are typically large commercial enterprises. The second is DIY consumer markets; 3D printing users are small residential consumers or hobbyists.
In 2015, the packaging industry share is expected to be about 93% of total 3D printing industry value, while the industrial market share of individual printer shipments is only about 21%, with the reminder held by the DIY consumer market. Therefore, industrial markets, such as the packaging industry has the largest portion of business value.
According to regional markets, the study shows that North America is expected to represent 40% market share in 2015, while Europe and Asia will represent 31% and 26%. By 2025, regional market shares will change: North America is expected to decline in share to 34%, with Europe share remaining relatively stable at 32%, and Asia increasing share to 33%.
3D printing has come a long way in the over the last ten years in the packaging industry. Even though 3D printing has grown in leaps and bounds, it will still require another five to ten years before it truly reaches its full potential in the packaging design. The revolution is still in its early stages. We hope this study helped answer some questions you may have about adding 3D printing for your packaging design.