In 2022, the artwork management software market was valued at approximately US$ 551.06 million and is projected to grow to around US$ 1,128.58 million by 2030, reflecting a compound annual growth rate (CAGR) of 9.4% during the period from 2022 to 2030.
The fast-moving consumer goods (FMCG) and retail sectors are under continuous pressure to introduce new products to the market. Each product launch involves a development cycle that aims to complete projects within a designated timeframe. Since packaging is the first element that consumers notice and interact with, it plays a crucial role for brands. Any discrepancies in the content or design of product packaging can lead to penalties from the FDA, and may hinder the company's ability to effectively communicate essential product information to consumers. Therefore, to ensure clear communication regarding brand identity, usage instructions, ingredients, and safety and efficacy data, the adoption of artwork management software is rapidly increasing within the FMCG sector. Additionally, FMCG companies face the challenge of managing a vast array of artwork and packaging modifications for each sales season, which further drives the need for an efficient automated artwork management system. Moreover, there is a growing consumer preference for sustainably sourced and recyclable packaging materials. This trend is significantly boosting the demand for artwork management software among designers, facilitating the packaging process and other vital operations in the FMCG industry, thereby contributing to the expansion of the artwork management software market.
The Asia-Pacific (APAC) artwork management software market is divided into several regions, including Australia, China, South Korea, India, Japan, and the Rest of Asia Pacific. This market exhibits substantial growth potential, particularly in rapidly developing countries like China and India, as well as in more established economies such as Japan. The region boasts a robust manufacturing sector encompassing industries such as electronics, food and beverages, automotive, and healthcare. The manufacturing landscape in APAC is swiftly embracing advanced technologies like robotics, cloud computing, and mobility solutions. Furthermore, the increasing trend of agri-food exports in the Asia Pacific is driving the demand for artwork management software among food manufacturers, which in turn propels the growth of the market. Multinational food and beverage corporations have significant opportunities to expand their operations in the Asia Pacific region. According to Science Group plc, the food and beverage market in APAC is anticipated to achieve a CAGR of 11% from 2020 to 2024, reaching a value of US$ 277 billion. As the food and beverage sector grows, manufacturers must stay informed about relevant regulations and consumer trends to capitalize on opportunities in emerging markets. The rising awareness of the substantial advantages of artwork management software in food and beverage packaging is creating further growth opportunities for the market. This software enables food and beverage manufacturers to implement various labeling changes across different product types, including customized labels tailored to specific geographical regions, dietary needs, and sensitivities. It allows companies to address unique customer requirements while maintaining a consistent brand image across their products. Consequently, these factors are driving the growth of the artwork management software market in the region.
Additionally, governments in developing nations are enacting initiatives such as Make in India and Made in China 2025 to promote the establishment of manufacturing facilities aimed at achieving self-sufficiency and the ability to export surplus products. This burgeoning sector is increasingly adopting advanced and automated solutions across various processes, thereby enhancing the growth of the artwork management software market. The presence of major food and beverage brands in the region, along with their increasing investments in automating processes like packaging and labeling, is further supporting the uptake of artwork management software. This software enables manufacturers to create multiple label variations for different product lines. For example, Nestle, which has a significant manufacturing footprint in APAC, has implemented artwork management solutions from Blue Software, LLC (an Esko Company) to streamline their labeling and packaging workflows through automated templates and online proofing tools. This adoption has allowed the company to automate its packaging artwork and approval processes, improving efficiency, reducing costs, and shortening labeling and packaging timelines, thus driving the growth of the artwork management software market.
Key players in the artwork management software market include enLabel Global Services Inc, Karomi Inc, Loftware Inc, Perigord Asset Holdings Ltd, Freyr LLC, Esko-Graphics BV, Pharmaceutical Design BV, GreatFour Systems Inc, Kallik Ltd, and Aptean Inc. The report also examines several other significant players in the artwork management software market to provide a comprehensive overview of the market and its ecosystem. The insights provided in the artwork management software market report are valuable for key players as they strategize for future growth.