What is the present valuation and projected CAGR of the packaging market?
The packaging market size has grown steadily in recent years. It will grow from $1133.65 $ billion in 2024 to $1182.85 $ billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to increasing consumption of packaged items, rising living standards, rising consumption of paper packaging, the food and beverage industry’s shift from plastic to paper packaging, and fluctuating raw material prices.
The packaging market size is expected to see steady growth in the next few years. It will grow to $1397.06 $ billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to the demand for packaging solutions that promote sustainability, demand for protective packaging, growing growth of e-commerce, regulatory compliance and food safety concerns, and rising urbanization. Major trends in the forecast period include emerging packaging innovations, smart packaging technologies, digital printing technologies, technological advancements, growing emphasis on eco-friendliness, and Innovations in the design of packaging.
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What key drivers have fueled the packaging market’s development over the years?
The growing demand for e-commerce is expected to propel the growth of the packaging market going forward. E-commerce refers to the buying and selling goods and services over the internet, encompassing online retail, digital transactions, and electronic business activities. The demand for e-commerce is due to improving consumer convenience, easy accessibility, and social media integration. Packaging enhances the e-commerce experience, improving customer satisfaction and operational efficiency and facilitating easier handling, storage, and sorting in warehouses and during transit. For instance, in November 2023, according to the International Trade Administration, a US-based government agency, consumer e-commerce constituted 36.3% of the total UK retail market in 2021. Additionally, e-commerce revenue is expected to reach $285.60 billion by 2025, with a growth rate of 12.5%. Therefore, the growing demand for e-commerce is driving growth in the packaging market.
What is the segmentation for the packaging market?
The packagingmarket covered in this report is segmented –
1) By Product: Stick Packaging, Blister Packaging, Sachet Packaging, Single-Use Packaging, Metalized Flexible Packaging, Other Products
2) By Packaging Material: Plastic, Paper And Paperboard, Metal, Glass
3) By Printing Technology: Offset, Flexography, Screen, Gravure, Digital
4) By End User: Food, Beverage, Pharmaceutical, Beauty and Personal Care, Industrial, Other End-Users
Subsegments:
1) By Stick Packaging: Single-Lane Stick Packs, Multi-Lane Stick Packs, Customizable Stick Packs
2) By Blister Packaging: Thermoformed Blisters, Cold-Formed Blisters, Clamshell Blisters, Blister Cards
3) By Sachet Packaging: Liquid Sachets, Powder Sachets, Granule Sachets, Single-Use Sachets
4) By Single-Use Packaging: Food and Beverage Single-Use Packs, Pharmaceutical Single-Use Packs, Personal Care Single-Use Packs, Medical Devices Single-Use Packs
5) By Metalized Flexible Packaging: Metalized Films, Aluminum Foils, Pouches with Metalized Layers
6) By Other Products: Flexible Pouches, Cartons, Shrink Wraps, Rigid Containers
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Who are the most influential companies in the packaging market?
Major companies operating in the packaging market are WestRock Company, International Paper Company, Ball Corporation, Amcor Group GmbH, Berry Global Group Inc., Smurfit Kappa Group, Crown Holdings Inc., DS Smith PLC, Mondi Group, Sonoco Products Company, O-I Glass Inc., Can Pack SA, Silgan Holdings Inc., Greif Inc., Sealed Air Corporation, Alpla Group, Huhtamaki Oyj, Verallia SA, Aptar Group Inc., Gerresheimer AG, Vidrala S.A., UFlex Limited, Coveris Holding SA, Vitro S.A.B. De C.V.
What are the top industry trends projected to impact the packaging market?
Major companies operating in the packaging market are focusing on technological advancements, such as AI-powered solutions, to enhance packaging efficiency, reduce waste, optimize logistics, and improve overall sustainability in the supply chain. AI-powered solutions help packaging processes and companies achieve greater efficiency, cost savings, and enhanced product quality while addressing environmental concerns. For instance, in April 2022, DHL Supply Chain, a Germany-based logistics company, launched OptiCarton, an innovative AI solution to optimize packaging for e-commerce shipments. OptiCarton uses advanced AI algorithms to determine the most efficient packaging size and configuration, potentially reducing shipping costs by up to 35% and minimizing carbon emissions. The solution recommends optimal box sizes from a pre-configured set and provides visual instructions for maximizing space within the boxes.
What are the major regional insights for the packaging market, and which region holds the top position?
Asia-Pacific was the largest region in the packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Packaging Market Report 2025 Offer?
The packaging market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Packaging is the process of designing and producing containers or wrappers for products, serving multiple functions such as protecting the product, providing information, facilitating transportation, and enhancing the product’s appeal to consumers. It includes the materials, technologies, and practices used to enclose, protect, and present goods, ranging from basic wrapping to complex, multi-layered structures depending on the product’s requirements.
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