Packaging Products Market Technology, Scope, Assessment, Capacity, Current Status And Forecast 2023-2032|Amcor PLC., Mondi PLC., Berry Global PLC., Yunnan Energy New Material Co. Ltd., Ball Corporation

The Packaging Products Global Market Report 2023 by The Business Research Company, provides packaging products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Packaging Products Global Market Report 2023, the global packaging products market size is expected to grow from $92.32 billion in 2022 to $100.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global packaging products market size is expected to grow to $137.11 billion in 2027 at a CAGR of 8.0%.

Product innovations are a key trend gaining popularity in the packaging products market. Major companies operating in the packaging products market are focused on developing innovative solutions to strengthen their position in the market. For instance, in October 2022, Huhtamaki Oyj, a Finland-based consumer packaging company, launched ICON packaging, an innovative, recyclable packaging option for ice cream that is built from 95% renewable bio-based material. It is a ground-breaking paper technology that allows recycling in cities across the United States that have paper product recycling programs, first for use in ice cream containers and lids. To help educate and raise understanding of the sustainability advantages of ICON packaging, ICON packaging makes use of the capabilities of Huhtamaki’s Connected Packaging solutions, with a QR code embedded into the packaging design that links consumers to the ICON landing page.

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The packaging products market is segmented:

1) By Type: Paper and Cardboard, Rigid Plastic, Metal, Flexible Plastic, Glass, Wood, Textile, Other Types

2) By Product: Bottles And Can, Containers And Jars, Bags, Pouches, Wraps

3) By End-Users: Food, Beverages, Healthcare, Cosmetics, Household Products, Chemicals

The packaging products market report table of contents includes: