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 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 total market value of packaging materials worldwide was nearly 896 billion U.S. dollars in 2022. It is forecast that the global market value will increase considerably, reaching roughly 1,153 billion U.S. dollars by 2030 across all regions. Paper and board material are expected to generate the largest share of the market, with a contribution of roughly 284 billion U.S. dollars in 2022 and an estimated 341 billion U.S. dollars in 2030.

Additional information on the packaging materials market can be found here.

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

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).

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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 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%.

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.

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 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.

Semi-annual Market Update

Country-wise Insights

Category-wise Insights

This statistic depicts the share of the global packaging market in 2012, by geographic region. In that year, 27 percent of the packaging markets value was generated from the North American region. The total global packaging market is valued to be worth 400 billion U.S. dollars.

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.

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.

Discover the latest trends in the global plastic packaging market and projections for the next decade. Anticipated growth in both volume and value terms, with a forecasted CAGR of +0.7% leading to a market volume of 80M tons and a market value of $318.4B by 2035.

Disposables Packaging Market size is expected to be worth around USD 67.6 Billion by 2034, from USD 39.2 Billion in 2024, at a CAGR of 5.6%.

According to Cognitive Market Research, the global Sustainable Packaging Market size will be USD 306200 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.90% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 122480.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.1% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 91860.00 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 70426.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 15310.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.3% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 6124.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.6 % from 2025 to 2033.
The Paper & Paperboard category led the Sustainable Packaging Market.

Market Dynamics of Sustainable Packaging Market

Key Drivers for Sustainable Packaging Market

Rising Demand for Biodegradable and Compostable Packaging to Boost Market Growth

Growing consumer awareness of environmental issues is driving up demand for compostable and eco-friendly packaging options. Because they divert a significant amount of plastic waste from landfills and waterways, compostable packaging options are crucial. Additionally, it lowers organics' greenhouse gas emissions. From eco-friendly and biodegradable packaging options to renewable materials, businesses are searching for methods to reduce their carbon footprint and meet the growing demand for sustainable product packaging. Such factors are regarded as the significant global drivers for Sustainable Packaging market growth. In addition, the increased demand for biodegradable packaging solutions also propels market growth. Such packing lowers the carbon emissions and environmental pollutants. Because they are made from renewable resources and are thought to be more sustainable, biodegradable packaging materials are in high demand and are propelling the industry forward.

Increased Utilization of Recycled Plastic Packaging to Drive Market Growth

Manufacturers and customers now demand more packaging made of recycled plastic. Since recycled plastic packaging is better for the environment than conventional plastic packaging, it is imperative. Because it can be reused for various packaging products, it has a far lower carbon footprint than producing new plastic. Because the material is so resistant to heat and chemicals, it is also becoming increasingly popular in the food and beverage industries. This makes it a great option for food storage and for use in freezers, refrigerators, and microwaves. Furthermore, compared to conventional plastic packaging, these materials are more economical and environmentally friendly due to their reduced production costs.

Restraint Factor for the Sustainable Packaging Market

High prices and a shortage of raw materials, will Limit Market Growth

The supply chain is hampered by the inconsistent and limited availability of Sustainable Packaging materials, which further limits market expansion. Due to the restricted supply of raw materials, manufacturers find it challenging to manage their production schedules and satisfy consumer expectations drives up costs. Additionally, it limits manufacturers' ability to be creative and flexible when constructing their packaging products. Furthermore, many businesses, particularly small ones, may find it costly to convert from conventional to environmentally friendly packaging. Therefore, the high price of environmentally friendly packaging could impede market expansion. Furthermore, certain packaging types might not meet the standards or specifications of particular end-use industries, which could impede the expansion of the market.

Market Trends in Sustainable Packaging Market

Growing consumer and company awareness of environmental issues

Growing consumer and company awareness of environmental issues is one of the main drivers of the Sustainable Packaging market's expansion. Businesses are concentrating ...

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