The Packaging Market Report is Segmented by Packaging Type (Plastic Packaging, Paper Packaging, Container Glass, Metal Cans and Containers), Packaging Format (Rigid, Flexible), End-Use Industry (Food, Beverage, Pharmaceuticals and Healthcare, Personal Care and Cosmetics, Industrial, E-Commerce), and Geography (North America, South America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2024, the global packaging market was valued at **** trillion U.S. dollars. It is forecast to grow to a market size of **** trillion U.S. dollars by 2034, with an increase of **** percent CAGR between 2024 and 2034.

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Packaging Market Size 2025-2029

The packaging market size is valued to increase USD 297.6 billion, at a CAGR of 4.6% from 2024 to 2029. Growth of food delivery and takeaway services will drive the packaging market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 41% growth during the forecast period.
By Type - Board segment was valued at USD 339.40 billion in 2023
By End-user - Food segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 48.42 billion
Market Future Opportunities: USD 297.60 billion
CAGR : 4.6%
APAC: Largest market in 2023

Market Summary

The market encompasses a dynamic and continually evolving industry, driven by advancements in core technologies and applications. Notably, the rise of food delivery and takeaway services has significantly boosted the demand for sustainable and efficient packaging solutions, accounting for over 20% of the global market share. companies are adopting strategies such as biodegradable materials, innovative designs, and improved logistics to cater to this growing sector. However, challenges persist, including the high cost of recycling rigid plastic products and stringent regulations.
For instance, the European Union's Single Use Plastics Directive, which bans certain single-use plastic items as of 2021, has put pressure on manufacturers to innovate and adapt. As the market continues to unfold, stakeholders must navigate these complexities and seize opportunities for growth.

What will be the Size of the Packaging Market during the forecast period?

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How is the Packaging Market Segmented and what are the key trends of market segmentation?

The packaging industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Board
  Rigid plastic
  Flexible
  Metal
  Glass


End-user

  Food
  Beverage
  Healthcare
  Personal care
  Others


Technology

  Offset
  Flexography
  Screen
  Gravure
  Digital


Material

  Plastic
  Paper & Paperboard
  Metal
  Glass
  Wood
  Others


Packaging Type

  Primary Packaging
  Secondary Packaging
  Tertiary Packaging


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    South Africa
    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The board segment is estimated to witness significant growth during the forecast period.

In the dynamic the market, various trends are shaping its evolution. Tamper-evident packaging, ensuring product safety, is gaining traction with a 15.2% market share in 2021. Biodegradable packaging materials, a sustainable alternative, are expected to occupy 20.5% of the market by 2026. Shelf-life extension packaging, crucial for perishable goods, is projected to expand by 18.7% in the same period. Logistics packaging design, focusing on optimizing transportation and storage, is a growing concern, accounting for 12.4% of the market in 2021. Packaging cost optimization, a key business strategy, is expected to increase by 16.9% in future industry expectations. RFID packaging integration, enabling real-time tracking, is poised to capture 9.8% of the market share by 2026.

Consumer packaging preferences, driven by convenience and aesthetics, are influencing market trends. Labeling and decoration, essential for branding, is a significant market segment, accounting for 17.6% in 2021. Modified atmosphere packaging, extending product life, is projected to grow by 14.5% in the upcoming years. Automated packaging systems, enhancing efficiency, are expected to expand by 13.3%, while active packaging systems, offering product preservation, are projected to capture 11.2% of the market share by 2026. Supply chain optimization, crucial for reducing costs and enhancing delivery, is anticipated to increase by 12.1%. Packaging waste recycling, a crucial sustainability concern, is projected to grow by 19.1% in future industry expectations.

Packaging testing methods, ensuring product quality, are expected to expand by 17.8%. Sustainable packaging materials, addressing environmental concerns, are poised to capture 21.5% of the market share by 2026. Protective packaging solutions, crucial for product safety, are anticipated to increase by 16.6%. Smart packaging technology, offering real-time information, is projected to grow by 11.9%. Barrier properties packaging, essential for preserving product integrity, is expected to capture 13.7% of the market share by 2026. Packaging line efficiency, crucial for reducing dow

The total market value of packaging materials worldwide reached nearly *** billion U.S. dollars in 2022. It is forecast that this global market value will increase considerably, reaching approximately **** trillion U.S. dollars by 2030 across all regions. The Asia-Pacific region is expected to lead the market, with a contribution of roughly *** billion U.S. dollars in 2022 and an estimated *** billion U.S. dollars in 2030.Additional information on the packaging materials market can be found here.

Global Packaging market size 2021 was recorded $993.271 Billion whereas by the end of 2025 it will reach $1171.4 Billion. According to the author, by 2033 Packaging market size will become $1629.22. Packaging market will be growing at a CAGR of 4.21% during 2025 to 2033.

The packaging market size is projected to grow from $1.21 trillion in 2024 to $1.8 trillion by 2035, representing a CAGR of 3.7% during the forecast period 2024-2035

global packaging market size was worth $1240.00 billion in 2024 and is grow to $1690.00 billion by 2034 a CAGR of 3.16% between 2025 and 2034.

The Packaging Machinery Market Report is Segmented by Machine Type (Filling and Dosing, Labelling Decorating and Coding, and More), Automation Level (Manual, and More), End-User Industry (Food, Beverages, Pharmaceuticals, and More), Technology Platform (General Packaging Conventional, Modified Atmosphere Packaging MAP, and More), and Geography. The Market Forecasts are Provided in Terms of Value USD.

Paperboard is the most used packaging material worldwide, accounting for approximately 33 percent of packaging material consumption. Types of paperboard packaging include cardboard and folding boxboard. Flexible packaging is the second most consumed packaging material globally, followed by rigid plastics.

The packaging market is projected to be valued at $1 trillion in 2024, driven by factors such as increasing consumer awareness and the rising prevalence of industry-specific trends. The market is expected to grow at a CAGR of 4.5%, reaching approximately $1.5 trillion by 2034.

This statistic shows the compound annual growth rate (CAGR) of the packaging market worldwide between 2017 and 2021, by industry. The food packaging segment is forecasted to grow by ** percent between 2017 and 2021.

The next generation packaging market is set to grow from USD 14.5 billion in 2025 to USD 27 billion by 2035, registering a CAGR of 6.4% during the forecast period.

Top Countries Designing, Engineering, Distributing, and Implementing Next Generation Packaging

In 2017, ** percent of the packaging market’s value was generated from flexible packaging. Rigid plastic packaging held the second largest share of the global packaging market, with ** percent. In 2016, the flexible packaging industry was valued at a total of **** billion U.S. dollars in the United States alone. The Packaging Industry Packaging relates to the enclosing or protecting of products for distribution, storage, sale, and use. Packaging also refers to the process of designing, evaluating, and producing packages. The packaging industry can be described as a system of preparing goods for transport, warehousing, logistics, sale, and end use. Popular packaging materials include plastic, glass, cardboard, and aluminum. However, in the United States specifically, consumers have become increasingly aware of environment and global warming. As a result, companies have begun taking steps in adopting environment-friendly solutions, including the use of recyclable packaging such as paper bags and biodegradable containers.

This statistic depicts the share of the global packaging market in 2012, by geographic region. In that year, ** percent of the packaging markets value was generated from the North American region. The total global packaging market is valued to be worth *** billion U.S. dollars.

Discover the booming global packaging market! This comprehensive analysis reveals a $1 trillion market projected to reach $1.6 trillion by 2033, driven by e-commerce, sustainability trends, and innovative packaging solutions. Explore market size, CAGR, key players (Amcor, Dow, Berry Global), and regional insights.

Packaging Materials Market size was valued at USD 1026.46 Billion in 2024 and is projected to reach USD 1263.19 Billion by 2032, growing at a CAGR of 2.63% from 2026 to 2032.• Rising Demand from the Food and Beverage Industry: The food and beverage (F&B) industry is a primary driver of the packaging market, fueled by the global increase in consumption of packaged and ready to eat foods. As more people adopt busy, urban lifestyles, theres a growing need for convenient food products that are easy to prepare, store, and consume on the go.• Growth of E commerce and Retail Sector: The exponential growth of the e commerce sector has fundamentally changed packaging requirements. Unlike traditional retail where packaging primarily serves to attract customers on a shelf, e commerce packaging must prioritize durability and protection to withstand the rigors of shipping and handling.

The Paper Packaging Market Report is Segmented by Grade (Cartonboard [Solid Bleached Sulphate, and More], and Containerboard [White-Top Kraftliner, and More]), Product (Folding Cartons, Corrugated Boxes, and More), End-User Industry (Food, Beverage, Healthcare, Personal Care, Household Care, and More), Packaging Format (Rigid, Semi-Rigid, Flexible, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming global packaging market, projected to reach $1.63 trillion by 2033 with a 5% CAGR. This comprehensive analysis explores key drivers, trends, restraints, and regional market shares, highlighting leading companies and sustainable packaging solutions.

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Flexible Industrial Packaging Market Size 2024-2028

The flexible industrial packaging market size is forecast to increase by USD 31.82 billion at a CAGR of 7.4% between 2023 and 2028.

The market growth depends on multiple factors such as the rise in demand from end-user industries like food, pharmaceuticals, and personal care, which drives market expansion. As these sectors seek convenient, sustainable packaging, the demand for flexible packaging grows. Additionally, global economic growth plays a crucial role, as thriving economies spur consumer spending and industrial activity, thereby increasing the need for packaging materials. Furthermore, innovation in flexible industrial packaging solutions is paramount. The market is experiencing significant growth, driven by the increasing demand for eco-friendly packaging solutions for products like baby food. Advancements in materials, technology, and design cater to evolving consumer preferences, environmental concerns, and regulatory requirements, ensuring the market's continuous growth and adaptation to changing dynamics.

What will be the Size of the Flexible Industrial Packaging Market During the Forecast Period?

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The market is a significant segment in the global packaging industry. This market is characterized by the production and distribution of flexible packaging solutions for various industries. The use of Bioplastics and Foil in the production of these packages is becoming increasingly popular due to their sustainability and protective properties. Food is a major industry that utilizes flexible industrial packaging. The Food sector requires packaging that can preserve the freshness and quality of their products. Foil and Aluminum are commonly used materials for this purpose due to their excellent barrier properties. Another industry that relies heavily on flexible industrial packaging is the Solid industry.
This sector requires packaging that can withstand rough handling and transport conditions. Packaging made from strong materials like PVC and PET is commonly used in this industry. The Procurement of these packages is a crucial aspect of the market. Companies are constantly seeking cost-effective and efficient ways to source their packaging needs. The use of Technology and Projective techniques has streamlined the procurement process, making it more accessible and convenient for businesses. The market is expected to grow significantly in the coming years due to the increasing demand for sustainable and protective packaging solutions.

How is this Flexible Industrial Packaging Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Pouches
  Wraps
  Rollstock
  Bags


Application

  Chemical industry
  Construction industry
  Food and beverages industry
  Pharmaceutical industry
  Others


Geography

  APAC

    China
    India


  North America

    US


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Type Insights

The pouches segment is estimated to witness significant growth during the forecast period. The market experiences continuous growth, particularly in the segment of pouches. Paperboard and biodegradable films are key components of eco-friendly pouches, which have gained traction due to the increasing demand for environmentally friendly packaging solutions. The food & beverage segment, including snacks, coffee, and pet food, and the pharmaceutical segment, utilizing drugs and medical devices, are major industries using these pouches. Big corporations and industrial giants, such as Constantia Flexibles, are at the forefront of this trend, offering recyclable and sustainable packaging alternatives.

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The Pouches segment was valued at USD 21.21 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 62% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The packaging industry in APAC, particularly flexible industrial packaging, experiences significant growth due to increasing demand from sectors like personal care, pharmaceutical, and food & beverage. Key drivers include the use of materials such as plastic, paper, metals, and multi-layer high-barrier materials.

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Sustainability concerns lead to the adoption of recycling and carbon footprint reduction through the use of bioplastic and