The Packaging Market report segments the industry into Packaging Type (Plastic Packaging, Paper And Paperboard, Metal Packaging, Container Glass). Get five years of historical data alongside five-year market forecasts.

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.

The Global Packaging Industry size is valued at USD 1 trillion in 2023, with strategic insights, demand forecast, and future trends driving growth opportunities. Explore market dynamics and competitive benchmarking.

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

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Packaging Market Size 2025-2029

The packaging market size is forecast to increase by USD 297.6 billion, at a CAGR of 4.6% between 2024 and 2029.

The market is witnessing significant growth, driven by the increasing trend of food delivery and takeaway services. This shift towards convenience and on-demand consumption is leading to a surge in demand for packaging solutions that ensure product safety and maintain the desired aesthetic appeal during transit. companies are responding to this trend by adopting various market strategies, including product innovation and expansion into new markets. However, the high cost of recycling rigid plastic products poses a significant challenge for the market. This obstacle, coupled with growing consumer awareness and regulatory pressure to reduce plastic waste, necessitates the exploration of sustainable alternatives.
To capitalize on the market's opportunities and navigate these challenges effectively, companies must focus on developing eco-friendly packaging solutions while ensuring affordability and maintaining the required functionality. This strategic approach will enable businesses to cater to the evolving consumer preferences and regulatory landscape, ultimately securing a competitive edge in the market.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by dynamic market dynamics and advancements in technology. Barrier properties, a key consideration for various sectors, are continually improving with the development of innovative materials and packaging solutions. Oxygen and moisture barriers are essential for preserving the freshness and shelf life of food products, while protective packaging ensures product integrity during shipping and transportation. Packaging machinery, including case erectors and packaging automation, streamline production processes and enhance efficiency. RFID technology and data analytics enable real-time inventory management and supply chain optimization, ensuring seamless distribution channels. Marketing and branding strategies are increasingly focused on sustainable packaging, with a growing emphasis on circular economy initiatives.

Flexible packaging, corrugated cardboard, and plastic packaging each offer unique advantages, from brand identity and point-of-sale displays to cost-effectiveness and recyclability. Food safety standards and regulatory compliance are critical, with ongoing efforts to ensure the highest levels of protection for consumers. Smart packaging, including sensors and digital interfaces, provide valuable consumer insights and enhance the overall customer experience. Packaging design and innovation continue to push boundaries, with a focus on sustainability, functionality, and consumer convenience. Compostable and biodegradable packaging materials are gaining popularity, as businesses strive to reduce their environmental footprint. In conclusion, the market is characterized by continuous innovation and evolution, with a focus on sustainability, functionality, and consumer experience.

From barrier properties and packaging machinery to marketing and branding, the industry is constantly adapting to meet the changing needs of businesses and consumers alike.

How is this Packaging Industry segmented?

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, customer experience plays a pivotal role in driving innovation. Folding cartons, crafted from various types of paperboards like bleached paperboard, chipboard, and craft board, contribute significantly to enhancing this experience. Bleached paperboard, with its superior barrier properties, is widely used in applications such as medical packaging, cosmetics, frozen food, and candy boxes. The demand for personalized packagi

Analysts at GMI Research estimates that the Packaging Market was worth USD 1.01 trillion 2022, and forecast to touch USD 1.36 trillion in 2030, growing at a CAGR of 3.8% till 2030

Global Packaging Products market size is expected to reach $162.58 billion by 2029 at 7.9%, e-commerce platform expansion fuels surge in packaging products market

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.

The Global Packaging Market Size Was Worth USD 5.42 Billion in 2022 and Is Expected To Reach USD 8.72 Billion by 2030, CAGR of 6.14%.

Get key insights from Market Research Intellect's Packaging Market Report, valued at USD 500 billion in 2024, and forecast to grow to USD 750 billion by 2033, with a CAGR of 5.5% (2026-2033).

Global Packaging and Labeling Services market size is expected to reach $67.52 billion by 2029 at 6%, rising consumer demand for food and beverages drives growth in the packaging and labeling service market

The global packaging machinery market is estimated to account for USD 64.8 billion in 2025. It is anticipated to grow at a CAGR of 4.5% during the assessment period and reach a value of USD 100.6 billion by 2035.

Segment-wise Analysis of the Packaging Machinery Industry

Global Packaging market size 2025 is $1171.4 Billion whereas according out published study it will reach to $1629.22 Billion by 2033. Packaging market will be growing at a CAGR of 4.21% during 2025 to 2033.

Global Industrial Packaging market size is expected to reach $112.77 billion by 2029 at 7.5%, segmented as by product, drums, intermediate bulk containers (ibcs), sacks, pails, crates or totes

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.

The global plastic packaging market size reached USD 389.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 534.8 Billion by 2033, exhibiting a growth rate (CAGR) of 3.4% during 2025-2033. The global market is driven by the increased demand from the food and beverage industry, continual technological advancements, rising e-commerce sales, growing healthcare needs, heightened consumer awareness about branding, and stringent environmental regulations.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on material, product, and end use industry.

Packaging Market Outlook

The global packaging market size was valued at USD 917.1 billion in 2023 and is projected to reach USD 1,308.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.9% during the forecast period. This robust growth is driven by various factors including increased consumption of packaged goods, rising demand for sustainable packaging solutions, and advancements in packaging technology.

One of the primary growth factors for the packaging market is the increasing global consumption of packaged food and beverages. As lifestyles become more fast-paced and urbanized, consumers are gravitating towards convenient and ready-to-eat meals, which necessitates effective packaging solutions. Moreover, with the proliferation of e-commerce, there is a heightened demand for packaging that ensures product safety and integrity during transit. This shift is not just a trend but a significant change in consumer behavior that is expected to sustain the market growth over the coming years.

Another key driver is the heightened focus on sustainability. Consumers and regulatory bodies alike are increasingly demanding eco-friendly packaging solutions. This has led to a surge in the adoption of biodegradable and recyclable packaging materials. Companies are investing heavily in research and development to develop innovative packaging solutions that meet these sustainability criteria without compromising on performance. This trend is expected to continue driving the market forward, as both consumers and businesses become more environmentally conscious.

Technological advancements in the packaging industry are also playing a crucial role in market growth. Smart packaging, which includes features like QR codes, RFID tags, and NFC chips, is gaining traction. These technologies not only enhance the consumer experience by providing additional product information but also help in tracking and ensuring the authenticity of products. Additionally, automation and the use of AI in packaging lines are improving efficiency and reducing costs, further boosting market growth.

Korea Packaging has emerged as a significant player in the global packaging market, particularly within the Asia Pacific region. The country's packaging industry is characterized by its rapid adoption of advanced technologies and a strong emphasis on sustainability. Korean companies are investing in innovative packaging solutions that not only meet the growing consumer demand for eco-friendly products but also enhance the functionality and aesthetic appeal of packaging. This focus on innovation and sustainability is positioning Korea as a leader in the packaging sector, contributing to the region's overall market growth. The country's strategic location and robust manufacturing capabilities further bolster its role in the global packaging landscape, making Korea Packaging a key contributor to the industry's evolution.

Regionally, Asia Pacific holds the largest share in the global packaging market, driven by rapid industrialization, urbanization, and a growing middle class. The region's large consumer base and increasing disposable incomes are major factors contributing to market growth. North America and Europe are also significant markets due to high consumption rates and stringent regulations promoting sustainable packaging. Latin America and the Middle East & Africa, while smaller in market share, are showing promising growth potential owing to emerging economies and increasing consumer awareness.

Material Type Analysis

The packaging market is segmented by material type into plastic, paper & paperboard, glass, metal, and others. Plastic remains the dominant material due to its versatility, durability, and affordability. It is widely used in various applications ranging from food and beverages to personal care products. Despite growing concerns about plastic waste, innovations in biodegradable and recyclable plastics are helping to mitigate environmental impact. These advancements are expected to sustain the demand for plastic packaging in the foreseeable future.

Paper & paperboard are gaining significant traction as eco-friendly alternatives to plastic. They are widely used in applications such as cartons, boxes, and pouches. The shift towards sustainable packaging solutions has accelerated the adoption of paper-based materials. Companies are also investing in improving the strength and barrier pr

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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 bioplas

Global Packaging market size is expected to reach $1397.06 billion by 2029 at 4.2%, segmented as by stick packaging, single-lane stick packs, multi-lane stick packs, customizable stick packs

The global paper packaging market is projected to grow from USD 41.5 billion in 2025 to USD 62.1 billion by 2035, registering a CAGR of 4.1% over the forecast period. Sales in 2024 were recorded at USD 39.8 billion.

Country-wise Outlook