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

Snapshot img

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.
Request Free Sample

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

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 next-generation packaging market size is likely to reach an estimated value of USD 14.5 Billion by 2025 and shall continue increasing at a rate of 6.4% from 2025 to reach USD 26.9 Billion by 2035.

Metric	Value
Market Size in 2025	USD 14.5 Billion
Projected Market Size in 2035	USD 26.9 Billion
CAGR (2025 to 2035)	6.4%

Country-wise Outlook

Country	CAGR (2025 to 2035)
United States	6.1%

Country	CAGR (2025 to 2035)
United Kingdom	6.2%

Country	CAGR (2025 to 2035)
Japan	5.9%

Country	CAGR (2025 to 2035)
South Korea	6.4%

Competitive Outlook

Company Name	Estimated Market Share (%)
aass	12-16%
Avery Dennison Corporation	8-12%
Sealed Air Corporation	6-10%
Stora Enso	4-8%
BASF SE	3-7%
Other Companies (combined)	45-55%

The Food Service Packaging Market report segments the industry into By Product Type (Corrugated Boxes And Cartons, Plastic Bottles, Trays, Plates, Food Containers, And Bowls, Cups And Lids, Clamshells, and more), By End-User Industries (Quick Service Restaurants (QSR), Full-Service Restaurants (FSR), Institutional, Hospitality (Dine-Ins, Coffee & Snack, Etc.), and more), and By Geography (North America, Europe, Asia, and more).

The barrier packaging market size is projected to reach a value of USD 18.32 billion in 2024, at a CAGR of 2.8% from 2024 to 2034. Sales are predicted to reach USD 24.14 billion by 2034.

Attributes	Description
Estimated Global Barrier Packaging Market Size (2024E)	USD 18.32 billion
Projected Global Barrier Packaging Market Value (2034F)	USD 24.14 billion
Value-based CAGR (2024 to 2034)	2.8%

Semi-annual Market Update

Particular	Value CAGR
H1	2.6% (2023 to 2033)
H2	2.9% (2023 to 2033)
H1	2.5% (2024 to 2034)
H2	2.7% (2024 to 2034)

Country-wise Insights

Countries	CAGR 2024 to 2034
India	5.6%
Germany	1.2%
Spain	2.6%
United States	1.8%
Canada	1.3%
China	4.9%

Category-wise Insights

Segment	Plastic (Substrate)
Value Share (2024)	71.3%

Segment	Food (End Use)
Value Share (2024)	43.5%

The United States Plastic Packaging Market is Segmented by Material Type ((Rigid Plastic(Polyethylene (PE), Polypropylene (PP)​ and More) Flexible Plastic (Polyethylene (PE), Biaxially Oriented Polypropylene (BOPP)​ and More)), Packaging Type (Rigid Plastic Packaging, Flexible Plastic Packaging), End-Use Industry (Food, Beverage, Pharmaceutical, and More) and Packaging Technology (Extrusion, Thermoforming, and More)

The Sustainable Packaging Market Report is Segmented by Process (Reusable, Recyclable, and More), Material Type (Paper and Paperboard, Plastics, and More), Packaging Format (Rigid, Flexible), Function (Primary, Secondary, Tertiary/Transport), End User (Food and Beverage, Pharmaceutical and Healthcare, Cosmetics and Personal Care, 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 sustainable packaging market was valued at *** billion U.S. dollars in 2023. In 2024, the global packaging market value amounted to **** trillion U.S. dollars. The sustainable packaging market value is forecast to reach nearly *** billion U.S. dollars by 2032, as the industry evolves and integrates innovations. Sustainable packaging materials Sustainable packaging, sometimes referred to as green packaging, consists of a range of materials, including bio-based plastics, metal, and glass. These materials can be more easily broken down and recycled, improving environmental conditions and enabling national and international climate goals to be met. Future outlook for sustainability in the packaging industry In a global survey carried out in 2023, consumer perceptions on the environmental sustainability of packaging ranked compostable packaging as the number one quality that a sustainable packaging product should have. There is considerable pressure on packaging industries, such as the plastic packaging industry, to improve environmental credentials. For instance, in 2022, only **** percent of plastic packaging waste in the European Union was recycled, with the remainder going to landfill or being incinerated.

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 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 plastic packaging market is poised for significant growth, with projections indicating it will reach nearly *** billion U.S. dollars by 2034. This expansion represents a compound annual growth rate of *** percent from 2025 to 2034, highlighting the continued importance of plastic packaging in various industries worldwide. Market trends and key players As the plastic packaging sector expands, industry leaders such as Amcor, Sealed Air, and Berry Global are expected to play crucial roles in shaping the market. The polypropylene (PP) packaging films segment, a key component of the overall market, is forecast to grow from ** billion U.S. dollars in 2024 to over ** billion U.S. dollars by 2034. Countries like the United Kingdom, United States, China, and India are anticipated to emerge as leading producers of PP packaging films. Sustainability efforts and alternatives Despite the growth in plastic packaging, there is an increasing focus on sustainability within the industry. Major plastic packaging companies are making strides in producing more environmentally friendly packaging options. For instance, Nestlé reported that ** percent of their plastic packaging weight was reusable, recyclable, or compostable in 2023, while Danone achieved ** percent in the same year. Additionally, the market for biodegradable plastics is expanding rapidly, with forecasts suggesting it will grow from nearly *** billion U.S. dollars in 2023 to over ** billion U.S. dollars by 2032, demonstrating a growing demand for more sustainable packaging solutions.

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

Sustainable Packaging Market, Sustainable Packaging Market Growth, Sustainable Packaging Market Trends, Sustainable Packaging Market Size, Sustainable Packaging Market Share, Sustainable Packaging Market Analysis, Sustainable Packaging Market Forecast, Sustainable Packaging Market Report, Global Sustainable Packaging Market, Sustainable Packaging Industry

In 2024, the global market value of flexible plastic packaging was approximately *** billion U.S. dollars. Projections indicate that this value will experience significant growth, reaching almost *** billion U.S. dollars by 2034 across all regions. Additional information on the packaging materials market can be found here.

Snapshot img

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?

Request Free Sample

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.

Get a glance at the market report of share of various segments Request Free Sample

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.

For more insights on the market size of various regions, Request Free Sample

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

The eco-friendly food packaging market is set to reach $522.55B by 2035, growing at a 7.9% CAGR. Explore trends in sustainable packaging

Snapshot img

Protective Packaging Market Size 2024-2028

The protective packaging market size is forecast to increase by USD 6.08 billion, at a CAGR of 3.45% between 2023 and 2028.

The market is experiencing significant growth due to the expansion of the e-commerce sector, which necessitates the use of strong packaging solutions to ensure product safety during transportation. Another trend driving market growth is the emergence of new recycling techniques for flexible packaging, making it an eco-friendly alternative to traditional protective materials. However, the high capital cost of protective packaging remains a challenge for small and medium-sized enterprises, limiting their adoption of advanced protective packaging technologies. Overall, the market is expected to witness steady growth in the coming years, driven by these key factors.

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

Request Free Sample

The market encompasses a broad range of products and solutions designed to safeguard sensitive items during transportation, storage, and handling. This market is driven by the increasing demand for product protection in various industries, including consumer goods, healthcare, automotive, retail, and e-commerce. Bulk orders and the need for optimization have led to a focus on custom and eco-friendly packaging solutions, as well as automation and consulting services to ensure compliance with regulations and standards. Sustainability is a key trend, with an emphasis on using recycled materials, reducing waste, and implementing life cycle analysis. Innovation and technology continue to play a significant role, with advancements in materials selection, automation solutions, and training programs.
Regulations and standards, such as those related to safety, food and beverage, and healthcare, are also shaping the market's direction. The use of plastics, foam plastics, and other materials in protective packaging continues to evolve, with a focus on cost reduction, efficiency, and minimizing the environmental impact. Research and development efforts are ongoing to address the unique needs of various industries and to stay ahead of changing regulations and consumer expectations.

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

The protective packaging 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

  Flexible
  Rigid
  Foam


End-user

  Food and beverages
  Industrial goods
  Consumer electronics
  Household appliances
  Others


Geography

  APAC

    China
    Japan


  North America

    Canada
    US


  Europe

    UK


  Middle East and Africa



  South America

By Type Insights

The flexible segment is estimated to witness significant growth during the forecast period. Flexible packaging is a lightweight, malleable, and non-rigid packaging solution gaining popularity in various industries, including food and beverage, healthcare, and personal care. The shift from rigid to flexible packaging is driven by the benefits of protective packaging, such as flexibility, durability, and high tensile strength. Additionally, the need to extend product shelf life has fueled demand for flexible packaging, which effectively prevents spoilage by creating a tight seal, thereby keeping air, moisture, and other contaminants at bay.
Flexible packaging solutions include materials like inflatable air cushions, plastic films, paper and paperboard, and foam plastics. These materials offer cost-effectiveness, impact resistance, and thermal insulation, making them suitable for protecting moisture-sensitive consumer goods, medical devices, electronics, gaseous products, and heavy items. Furthermore, the use of recycled materials, biodegradable and compostable options, and automated packaging solutions contribute to the sustainability and eco-friendliness of flexible packaging.

Get a glance at the market report of share of various segments Request Free Sample

The flexible segment was valued at USD 19.59 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 40% 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 market in APAC is experiencing significant growth, driven by the expansion of various end-user industries, including e-commerce, FMCG, and personal care. With rapidly growing e-commerce sectors in countries like China, India, and Japan, there is a heightened demand for protective packaging solutions to ensure product safety during transportation. The