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.

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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

The US Packaging Industry Report is Segmented by Material Type (Paper and Paperboard, Plastic, Glass, Metal) and End-User Industry (Food, Beverage, Pharmaceuticals, Household, and Personal Care).

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 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 protective packaging market is projected to reach USD 30.1 billion in 2025 and grow to USD 47.6 billion by 2035, registering a CAGR of 4.7%. Sales in 2024 were recorded at USD 28.5 billion.

Metric	Value
Industry Size (2025E)	USD 30.1 Billion
Industry Value (2035F)	USD 47.6 Billion
CAGR (2025 to 2035)	4.7%

Semi Annual Market Update

Particular	Value CAGR
H1(2024 to 2034)	4.4%
H2(2024 to 2034)	4.6%
H1(2025 to 2035)	4.6%
H2(2025 to 2035)	4.8%

Country Wise Insights

Countries	Value CAGR (2025 to 2035)
USA	3.2%
Germany	2.7%
China	5.2%
UK	1.1%
Spain	2.9%
India	6.0%
Canada	2.4%

The global rigid plastic packaging market was valued at ****** billion U.S. dollars in 2024. Rigid plastic packaging is used for products such as food and beverage containers. The market is set to experience growth in the coming years as demand for these products continues to increase. It is projected that by 2034, the rigid plastic market size will have reached a value of ****** billion U.S. dollars.

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.

Metric	Value
Market Size in 2025	USD 41.5 Billion
Projected Market Size in 2035	USD 62.1 Billion
CAGR (2025 to 2035)	4.1%

Country-wise Outlook

Country	CAGR (2025 to 2035)
United States	6.0%

Country	CAGR (2025 to 2035)
United Kingdom	5.7%

Country	CAGR (2025 to 2035)
Japan	5.3%

Country	CAGR (2025 to 2035)
South Korea	5.8%

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

The market for industrial electronics packaging is estimated to generate a market size of USD 2,107.7 million in 2025 and would increase to USD 3,150.0 million by 2035. It is expected to increase its sales at a CAGR of 4.1% over the forecast period 2025 to 2035. Revenue generated from industrial electronics packaging in 2024 was USD 2,024.6 million.

Metric	Value
Industry Size (2025E)	USD 2,107.7 Million
Industry Value (2035F)	USD 3,150.0 Million
CAGR (2025 to 2035)	4.1%

Semi Annual Market Update

Particular	Value CAGR
H1	3.9% (2024 to 2034)
H2	4.3% (2024 to 2034)
H1	3.0% (2025 to 2035)
H2	5.2% (2025 to 2035)

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
USA	3.0%
Germany	2.6%
China	5.0%
UK	2.5%
Spain	3.7%
India	5.2%
Canada	2.8%

Category-wise Insights

By Material	Market Share (2025)
Plastic	52%

By Packaging Type	Market Share (2025)
Rigid Packaging	65%

Competitive Outlook

Company Name	Estimated Market Share (%)
Sealed Air Corporation	15-20%
DS Smith PLC	10-15%
Smurfit Kappa	8-12%
Pregis Corporation	6-10%
Stora Enso	5-8%

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%.

The India Flexible Packaging Market report segments the industry into By Material Type (Plastic, Paper, Aluminum Foil), By Product Type (Pouches, Bags, Films & Wraps), By End-Use Industries (Food, Beverage (Juices, Energy Drinks, Milk, etc.), Pharmaceutical & Healthcare, Personal Care & Cosmetics, Household Care), and By Region (East, West, North, South).

The rigid industrial packaging market is projected to grow from USD 35.6 billion in 2025 to USD 54.7 billion by 2035, registering a CAGR of 4.4% during the forecast period

Metric	Value
Market Size in 2025	USD 35.6 billion
Projected Market Size in 2035	USD 54.7 billion
CAGR (2025 to 2035)	4.4%

Country-wise Outlook

Country	CAGR (2025 to 2035)
USA	4.6%

Country	CAGR (2025 to 2035)
UK	4.2%

Country	CAGR (2025 to 2035)
European Union (EU)	4.5%

Country	CAGR (2025 to 2035)
Japan	4.7%

Country	CAGR (2025 to 2035)
South Korea	4.8%

The global plastic packaging market size was estimated at USD 384.35 billion in 2023 and is projected to reach USD 492.29 billion by 2030, growing at a CAGR of 3.5% from 2024 to 2030

In 2020, the market value of food packaging in North America reached a total of over 92 billion U.S. dollars. The market is forecast to value at about 135.5 billion U.S. dollars by 2028.

Packaging and labeling service companies have weathered substantial changes in recent years. The rapid growth of e-commerce sales, especially during COVID-19, rapidly bolstered demand for logistics, packaging and labeling services, resulting in substantial revenue growth in 2020 and 2021. As restrictions eased, a shift back to in-person shopping led to a slowdown in e-commerce growth from 2022, though growth in e-commerce sales still outpaced the overall economy due to the convenience of online shopping. Regardless, slower growth in e-commerce sales reduced revenue growth somewhat and contributed to a modest decline in profit over the past five years. While strong economic growth benefited providers during the pandemic recovery, rising inflation in 2022 affected consumer spending, reducing demand for ancillary industries and hindering revenue. The Federal Reserve's interest rate increases from 2022 to 2024 enhanced recessionary fears through constraining consumer spending. In response, manufacturers began insourcing packaging to cut expenses and preserve profit in case of a potential downturn, reducing demand for the industry’s services and slowing revenue growth in 2023 and 2024. In late 2024, a reversal in interest rates provided a more positive outlook for 2025 but future economic policies remain uncertain. Overall, revenue for packaging and labeling service providers has swelled at a CAGR of 3.1% over the past five years, reaching $13.8 billion in 2025. This includes a 2.0% rise in revenue in that year. Due to steady economic growth, packaging and labeling service companies are expected to benefit from stable revenue streams. Although e-commerce market saturation will slow revenue growth compared to previous years, higher GDP and wage growth will boost consumer spending, driving demand for these services. Elevated corporate profit will also encourage businesses to outsource packaging, providing additional revenue opportunities. However, tariffs on imports from Canada, Mexico and China could disrupt economic stability, reduce GDP growth and lower consumer spending, impacting demand for the industry’s services. Compliance with the Drug Supply Chain Security Act (DSCSA) will heighten reliance on packaging firms despite increased regulatory costs. On top of this, intelligent packaging, which leverages technologies like sensors and blockchain, is poised to revolutionize the industry, favoring larger corporations that can adopt these innovations, while smaller companies might target niche markets to remain competitive. Overall, revenue for packaging and labeling service companies is forecast to expand at a CAGR of 1.9% over the next five years, reaching $15.1 billion in 2030.

The market value of flexible packaging globally is forecast to reach over *** billion U.S. dollars in 2032. As of 2022, the flexible packaging market value stood at nearly *** billion U.S. dollars worldwide. Flexible packaging refers to any type of package or container that is made from flexible materials such as plastic, paper, tinfoil, and so on.

The China packaging industry is a dynamic and rapidly expanding market, projected to reach a substantial size by 2033. Driven by robust economic growth, rising consumer spending, and a burgeoning e-commerce sector, the industry exhibits a Compound Annual Growth Rate (CAGR) of 5.22%. This growth is fueled by increasing demand across various end-user industries, particularly food and beverage, healthcare and pharmaceuticals, and beauty and personal care. The shift towards sustainable packaging solutions, driven by environmental concerns and government regulations, presents a significant trend, impacting material choices and packaging designs. While the industry faces certain restraints, such as fluctuating raw material prices and evolving consumer preferences, innovative packaging technologies and advancements in material science continue to provide opportunities for growth. The dominance of plastic packaging is expected to gradually diminish as eco-friendly alternatives like paper and biodegradable materials gain traction. The diverse packaging types, including primary, secondary, and tertiary packaging, cater to various supply chain needs, contributing to the overall market complexity and its multifaceted growth trajectory. Key players like Amcor PLC, Mondi PLC, and Tetra Pak International SA are significantly influencing market dynamics through their innovations and market share. The geographic concentration within China itself offers further growth opportunities as regional variations in consumption patterns and infrastructure development impact localized demand. The forecast for the China packaging industry points to continued expansion, although the rate of growth may moderate slightly in later years as the market matures. Further segmentation analysis focusing on specific regional markets within China, detailed consumption patterns by product category, and a more granular view of the competitive landscape would refine the market understanding. The industry’s sustainability focus will likely shape future investments in research and development, pushing for more eco-friendly options and efficient production processes. The continued rise of e-commerce will necessitate innovations in packaging design and logistical solutions, driving further growth and diversification within this complex and significant sector. Recent developments include: August 2022: Nippon Paint China, a prominent coatings producer, and BASF jointly introduced eco-friendly industrial packaging, which Nippon Paint's dry-mixed mortar series products have since embraced. The innovative packaging material for Nippon Paint's construction dry mortar products is commercialized, using water-based acrylic dispersion Joncryl High-Performance Barrier (HPB) from BASF as the barrier material. China will be the first country where BASF's water-based barrier coatings are employed in industrial packaging., March 2022: Yantai Xinhui Packing, a Chinese pharmaceutical packaging manufacturer, was fully acquired by Datwyler. Isoprene rubber discs are one of the elastomer components that Shandong-based Xinhui makes. According to Datwyler, these products enhance its present line of packaging and medical solutions. The acquisition is intended to support a business with Swiss headquarters in strengthening local manufacturing and customer service for Chinese manufacturers. Following the announcement of the acquisition, existing portfolio items would be produced for the Chinese market, as the business intends to invest in increasing Xinhui's manufacturing capacity.. Key drivers for this market are: Rise of E-commerce Giants, Increasing Demand for Longer Shelf Life of Packaged Goods. Potential restraints include: Strict Rules and Regulations in the Packaging Industry, Environmental Concerns Restricting the Market Growth. Notable trends are: Plastic Packaging is Expected to Witness a Slow Growth Owing to Ban on Plastics.

In 2023, the total shipment value of the Japanese packaging industry was worth around 6.67 trillion Japanese yen. The market value of the packaging industry increased slightly compared to around 6.57 trillion yen in the previous year.

In 2022, the size of the packaging market was around *** billion U.S. dollars. It was estimated by 2027, the market would reach *** billion dollars. During the same period, around ** percent of packaging market was in the food processing sector.