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.

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 pac

The Sustainable Plastic Packaging Market Report is Segmented by Packaging Type (Rigid, Flexible), Packaging Format (Primary, Secondary, Tertiary), Process Type (Recyclable, Reusable, and More), Material Type (Recycled PET, Recycled HDPE, and More), End-Use Industry (Food and Beverage, Personal Care and Cosmetics, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

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

The global flexible plastic packaging market is expected to expand from USD 115.6 billion in 2025 to USD 181.2 billion by 2035, posting a CAGR of 4.6%. This reflects a YoY increase of 4.4% from the 2024 figure of USD 111.8 billion. Growth is being driven by increased demand in food and beverage sectors, regulatory pressures for recyclable materials, and light weighting in transport logistics.

Attributes	Key Insights
Historical Size, 2024	USD 111.8 billion
Estimated Size, 2025	USD 115.6 billion
Projected Size, 2035	USD 181.2 billion
Value-based CAGR (2025 to 2035)	4.6%

Semi-Annual Market Update

Particular	Value CAGR
H1(2024 to 2034)	3.8%
H2(2024 to 2034)	5.4%
H1(2025 to 2035)	3.2%
H2(2025 to 2035)	6.0%

Category-wise Insights

Packaging Type	MAP (Modified Atmospheric Packaging))
Value Share (2035)	45.8%

Product Type	Films and Wraps
Value Share (2035)	36.8%

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
USA	5.0%
Canada	3.5%
Brazil	5.5%
Argentina	4.0%
Germany	3.5%
China	6.5%
India	7.0%

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 Flexible Plastic Packaging Market Report is Segmented by Material (Polyethylene, BOPP, and More), Product Type (Pouches, Bags and Sacks, and More), Printing Technology (Flexography, Rotogravure, Digital), End-Use Industry (Food, Beverages, and More), Distribution Channel (Direct Sales, Indirect Sales), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global Plastic Packaging market size will be USD 4,18,520.0 million in 2025. It will expand at a compound annual growth rate (CAGR) of 3.80% from 2025 to 2033.

North America held the major market share for more than 29% of the global revenue with a market size of USD 121370.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.3% from 2025 to 2033.
Europe accounted for a market share of over 24% of the global revenue with a market size of USD 100444.80 million.
APAC held a market share of around 37% of the global revenue with a market size of USD 154852.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 15903.76 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 16740.80 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 9207.44 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2033.
Polypropylene is the fastest growing segment of the Plastic Packaging industry

Market Dynamics of Plastic Packaging Market

Key Drivers for Plastic Packaging Market

Increasing demand for convenience products Is Expected To Boost Market Growth: The increasing demand for convenience products is a key driving factor for the plastic packaging market. As lifestyles become busier and consumers seek more time-efficient solutions, convenience products such as ready-to-eat meals, pre-packaged snacks, single-serve beverages, and personal care items are experiencing significant growth. These products cater to the need for quick, easy, and portable options, aligning with modern consumer habits. Plastic packaging plays a crucial role in meeting this demand due to its lightweight, durable, and flexible nature. It allows for the safe, hygienic, and efficient packaging of convenience goods, extending shelf life and ensuring product integrity during transportation and storage.

Innovation in packaging materials To Boost Market Growth: Innovation in packaging materials is another key driving factor for the plastic packaging market. With growing concerns over environmental sustainability and the increasing need for more efficient packaging solutions, manufacturers are focusing on developing new materials that offer improved performance, cost-effectiveness, and environmental benefits. These innovations include the development of biodegradable plastics, plant-based alternatives, and more advanced forms of recyclable plastics, which are helping to meet both consumer demand and regulatory pressures.

Restraint Factor for the Plastic Packaging Market

High cost of eco-friendly alternatives, Will Limit Market Growth: The high cost of eco-friendly alternatives is a significant restraint on the growth of the plastic packaging market. While there is an increasing demand for sustainable and biodegradable packaging materials due to environmental concerns, the production costs of these materials often remain higher than conventional plastics. Eco-friendly alternatives, such as bioplastics, are typically more expensive to manufacture due to factors like raw material costs, limited economies of scale, and more complex production processes. These higher costs make it challenging for many businesses, particularly small and medium-sized enterprises, to transition to sustainable packaging solutions.

Market Trends in Plastic Packaging Market

Adoption of biodegradable plastics: The adoption of biodegradable plastics is gaining significant momentum within the plastic packaging market as environmental concerns continue to rise. Biodegradable plastics, made from renewable resources such as corn starch, sugarcane, or algae, offer a promising alternative to traditional petroleum-based plastics. As consumers and governments alike push for more sustainable solutions, businesses in the plastic packaging industry are increasingly investing in biodegradable materials. The food and beverage sector, in particular, is leading the charge, as companies look for packaging options ...

The protective packaging market expands from USD 30.1 billion in 2025 to USD 47.6 billion in 2035 at a CAGR of 4.7%. Early-phase expansion is moderate, reaching USD 31.5 billion in 2026 and USD 33 billion in 2027, driven by increased e-commerce logistics and protective needs in the electronics and food sectors.

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

Top Countries Manufacturing, Adopting, And Distributing Protective Packaging Formats Across Consumer and Industrial Applications

Country	CAGR (2025 to 2035)
India	6.0%
China	5.2%
USA	3.2%
Spain	2.9%
Germany	2.7%

The market for compostable foodservice packaging is estimated to generate a market size of USD 19,765.5 million in 2025 and would increase to USD 30,695.5 million by 2035. It is expected to increase its sales at a CAGR of 4.5% over the forecast period 2025 to 2035. Revenue generated from compostable foodservice packaging in 2024 was USD 18,914.5 million.

Metric	Value
Industry Size (2025E)	USD 19,765.5 Million
Industry Value (2035F)	USD 30,695.5 Million
CAGR (2025 to 2035)	4.5%

Semi Annual Market Update

Particular	Value CAGR
H1	4.4% (2024 to 2034)
H2	4.6% (2024 to 2034)
H1	3.5% (2025 to 2035)
H2	5.5% (2025 to 2035)

Country-wise Insights

Country	Value CAGR (2025 to 2035)
USA	3.4%
Germany	3.0%
China	5.4%
UK	2.9%
Spain	4.1%
India	5.6%
Canada	3.2%

Category-wise Insights

Material Type	Market Share (2025)
Paper & Paperboard	40%

Packaging Type	Market Share (2025)
Plates	36.4%

The global agriculture packaging market was valued at US$ 6,478.3 million in 2022. According to Future Market Insights, this is expected to rise at a Y-o-Y growth rate of 5.4% to reach US$ 6,831 million by the end of 2023. The scope for agriculture packaging is further poised to expand, with an expected CAGR of 5.3% from 2023 to 2033. By 2033, a valuation of US$ 11,449.1 million is projected.

Report Attribute	Details
Expected Market Value (2023)	US$ 6,831 million
Anticipated Forecast Value (2033)	US$ 11,449.1 million
Projected Growth Rate (2023 to 2033)	CAGR 5.3%

Report Scope

Report Attribute	Details
Market Value in 2023	US$ 6,831 million
Market Value in 2033	US$ 11,449.1 million
Growth Rate	CAGR of 5.3% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Product Type Material Type Barrier Type Application Region
Regions Covered	North America Latin America Europe Asia Pacific Middle East and Africa
Key Countries Profiled	United States Canada Brazil Mexico Germany United Kingdom France Spain Italy China Japan South Korea Singapore Thailand Indonesia Australia New Zealand GCC Countries South Africa Israel
Key Companies Profiled	Bemis Company, Inc. Sonoco Products Company Mondi Group LC Packaging International BV Packaging Corporation of America H.B. Fuller Company Atlantic Packaging NNZ Group Parakh Agro Industries Ltd International Paper Company DS Smith Plc Smurfit Kappa Group Plc KapStone Paper and Packaging Corp.
Customization	Available upon Request

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.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 389.7 Billion
Market Forecast in 2033	USD 534.8 Billion
Market Growth Rate 2025-2033	3.4%

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.

The global flexible packaging market size reached USD 141.03 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 242.85 Billion by 2033, exhibiting a growth rate (CAGR) of 3.51% during 2025-2033. The market is witnessing stable growth due to increasing focus on maintaining environmental sustainability, rising need for enhanced convenience, and technological advancements, such as superior barrier properties to extend the shelf life of various products.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 141.03 Billion
Market Forecast in 2033	USD 242.85 Billion
Market Growth Rate 2025-2033	3.51%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2025-2033. Our report has categorized the market based on product type, raw material, printing technology, and application.

The global cheese packaging market is nearing a valuation of USD 3,706.5 million in 2024. The industry is projected to reach a value of USD 5,577.9 million by 2034. Sales are projected to rise at a CAGR of 4.2% over the forecast period. The revenue generated by cheese packaging in 2023 was USD 3,519.4 million. The industry is anticipated to exhibit a Y-o-Y growth of 5% in 2024.

Attributes	Key Insights
Historical Global Cheese Packaging Market Size (2023H)	USD 3,519.4 million
Estimated Global Cheese Packaging Market Size (2024E)	USD 3,706.5 million
Projected Global Cheese Packaging Market Value (2034F)	USD 5,577.9 million
Value-based CAGR (2024 to 2034)	4.2%

Country-wise Insights

Countries	Value CAGR (2024 to 2034)
United States	3.6%
Brazil	3.9%
United Kingdom	2.8%
Indonesia	5.1%
China	5.7%
New Zealand	2.9%
Australia	4.5%

Category-wise Insights

Packaging Format	Containers
Value Share (2034)	18.5%

Materials	Paper
Value Share (2034)	25.5%

Distribution Channel	Hypermarket/Supermarkets
Value Share (2034)	28.3%

The global Retail Packaging market size is expected to reach USD 7.65 Billion in 2032 registering a CAGR of 5.1%. Discover the latest trends and analysis on the Retail Packaging Market. Our report provides a comprehensive overview of the industry, including key players, market share, growth opportun...

According to Cognitive Market Research, the global Food Packaging Market size will be USD 485614.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 194245.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 145684.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 111691.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 24280.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 9712.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The Rigid category is the fastest growing segment of the Food Packaging industry

Market Dynamics of Food Packaging Market

Key Drivers for

Food Packaging Market

Growing Demand for Convenience Foods: The increase in hectic lifestyles and urban development has led to a rise in the consumption of ready-to-eat meals, frozen foods, and snack items. This trend requires packaging that guarantees an extended shelf life, ease of handling, and portability. Manufacturers are concentrating on lightweight, resealable, and microwave-safe packaging to meet consumer demands. Increasing Focus on Food Safety & Hygiene: Strict regulations imposed by food safety authorities (such as the FDA and EFSA) require the use of contamination-resistant packaging. Advanced materials such as antimicrobial films and vacuum-sealed packs are effective in preventing spoilage and prolonging freshness. The COVID-19 pandemic has further amplified consumer awareness regarding hygienic packaging solutions. Sustainability and Eco-Friendly Packaging Solutions: Both consumers and governments are advocating for biodegradable, compostable, and recyclable packaging materials to mitigate environmental impact. Innovations such as plant-based plastics, edible packaging, and reusable containers are becoming increasingly popular. Brands that embrace sustainable packaging also enjoy enhanced corporate image and adherence to regulatory standards.

Key Restraints for

Food Packaging Market

High Expense of Sustainable Materials: Although there is a growing demand for eco-friendly packaging, materials such as PLA (polylactic acid) and recycled paper tend to be pricier than standard plastics. Small and medium-sized enterprises (SMEs) encounter difficulties in implementing these solutions due to financial limitations, which hampers broader adoption. Regulatory Hurdles and Compliance Challenges: Various countries impose different packaging regulations, complicating the ability of global food brands to achieve consistency. Regular changes in policies concerning plastic prohibitions and recycling requirements further complicate matters, resulting in increased compliance expenses for manufacturers. Limited Barrier Characteristics in Biodegradable Materials: Numerous sustainable packaging alternatives do not possess the same durability and moisture resistance as conventional plastics, resulting in reduced shelf lives for perishable items. This drawback limits their applicability for specific food categories, such as meat and dairy, where robust barrier protection is crucial.

Key Trends for

Food Packaging Market

Smart and Active Packaging Technologies: Intelligent packaging utilizing QR codes, NFC tags, and freshness indicators improves consumer interaction and enhances food safety. Active packaging, which includes oxygen absorbers and moisture regulators, aids in preserving product quality. These advancements are especially favored in the premium food market. Rise of Flexible Packaging Solutions: Pouches, stand-up bags, and shrink films are increasingly supplanting rigid packaging due to their cost-effectiveness, lightweight characteristics, and reduced carbon footprint. Flexible packaging also provides improved shelf visibility and customization options, whi...

The medical device packaging market is anticipated to expand from USD 14.0 billion in 2025 to USD 22.1 billion by 2035, registering a CAGR of 6.1%.

Metric	Value
Industry Size (2025E)	USD 14 billion
Industry Value (2035F)	USD 22.1 billion
CAGR (2025 to 2035)	6.1%

Semi Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.8%
H2 (2024 to 2034)	6.0%
H1 (2025 to 2035)	6.0%
H2 (2025 to 2035)	6.2%

Analyzing Medical Device Packaging Market by Top Investment Segments

Material	Market Share (2025)
Plastic	40.7%

Packaging Format	Market Share (2025)
Bags & Pouches	31.5%

Country-wise Insights

Countries	Value CAGR (2025 to 2035)
USA	3.4%
Germany	2.7%
China	6.1%
UK	2.6%
Spain	2.9%
India	6.9%
Canada	3.0%

United States industrial packaging market size reached USD 18.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 31.6 Billion by 2033, exhibiting a growth rate (CAGR) of 5.96% during 2025-2033​. The growing focus of key players to ensure the secure handling and preservation of products throughout the entirety of the supply chain, enduring harsh conditions like rough handling, transportation stresses, and exposure to diverse environmental elements is primarily catalyzing the regional market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
​Market Size in 2024	USD 18.7 Billion
​Market Forecast in 20233	USD 31.6 Billion
Market Growth Rate (2025-2033)	5.96%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033​. Our report has categorized the market based on product, material, and application.

The global flexible packaging market is projected to grow from USD 210.6 billion in 2023 to USD 238.9 billion by 2029, at a CAGR of 2.12% during the forecast period (2024-2029).