COVID-19 Impact on Packaging Market by Material Type (Plastics/Polymers, Paper & Paperboard, Glass And Metal), Application (Healthcare, Food & Beverages, Household Hygiene, Beauty & Personal Care And Electrical & Electronics) And Region - Global Forecast to 2021
[88 Pages Report] The global packaging market size during the COVID-19 pandemic is projected to grow from USD 909.2 billion in 2019 to USD 1,012.6 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 5.5% as the most likely outcome during the forecast period, with the best-case scenario reflecting 9.2% growth and the worst-case scenario at 2.2% growth. The major drivers for the packaging industry include the increased demand for FMCG and pharmaceutical packaging, rising e-commerce sales due to lockdown.
Based on material type, the plastic segment is projected to lead the packaging market during the forecast period.
The plastic packaging segment is expected to lead the market during the forecast period. The COVID-19 crisis has shown that, since the demand from many end-use industries is growing, mainly the food & beverage and healthcare segments, the use of plastic packaging will also see a significant rise during this crisis.
Based on application, healthcare is one of the fastest-growing segments of the packaging market amidst this pandemic
The world has awakened to the potential risks of COVID-19; there has been a massive effort to add capacity to the healthcare system rapidly. Healthcare packaging products, such as syringes, vials, and cartridges, are required on a large scale amidst this pandemic to fulfill the increasing global demand.
Key Market Players
Companies, such as Amcor (Australia), Ball Corporation (US), Bizongo (India), International Paper (US), Tetra Pak (Switzerland), Berry Global Inc. (US), DS Smith Plc (UK), Mondi Group (Austria), Macfarlane Group Plc (UK) and Smurfit Kappa (Ireland) are operating in the packaging market. They have adopted short, mid, and long-term growth strategies such as donations, increased production, partnerships, innovations, etc. to serve their customers efficiently and increase their future market shares.
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Get online access to the report on the World's First Market Intelligence Cloud
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- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
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Report Metric |
Details |
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Years considered for the study |
2018–2021 |
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Base year |
2019 |
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Forecast period |
2020–2021 |
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Units considered |
Value (USD) |
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Segments |
Material Type, Application, and Region |
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Regions |
APAC, Europe, North America, and RoW |
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Companies |
Amcor (Australia), Ball Corporation (US), Bizongo (India), International Paper (US), Tetra Pak (Switzerland), Berry Global Inc. (US), DS Smith Plc (UK), Mondi Group (Austria), Macfarlane Group Plc (UK) and Smurfit Kappa (Ireland) |
This research report categorizes the packaging market based on material type, application, and region.
By Material type:
- Plastics/Polymers
- Paper & Paperboard
- Glass
- Metal
- Others
By Application:
- Healthcare
- Food & Beverages
- Household Hygiene
- Beauty & Personal Care
- Electrical & Electronics
- Others
By Region:
- APAC
- Europe
- North America
- Rest of the World
Recent Developments
- In April 2020, Smurfit Kappa launched a new “Design for Help” portfolio of corrugated solutions to help alleviate the current challenges. The portfolio includes corrugated beds and furniture for temporary hospitals. Realizing the shorter life span of the virus on corrugated materials than on plastics and metals, the company has started offering these solutions free of cost to help the communities
- In April 2020, Mondi Group, a global packaging company, has changed its beauty production line in Germany to manufacture three-layer, laminated strap for masks.
- In March 2020, Tetra Pak’s global network of manufacturing sites has ensured to supply its complete offerings of products to meet the surged demand and make sure that the global population has uninterrupted access to safe and healthy food.
- In March 2020, Bizongo has partnered with United Way, a non-profit organization, to supply PPE kits for healthcare facilities. The company has also launched a microsite with live tracking of demand and supply due to the COVID-19 outbreak
Critical questions the report answers:
- What are the upcoming trends for the packaging market during this period?
- What are the significant trends in applications influencing the market during this period?
- What is the impact on various packaging materials?
- What are the factors governing the packaging market in each region during this period?
- What are the strategies followed by various companies during this period?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 12)
1.1 OBJECTIVES OF THE STUDY
1.2 COVID-19
1.3 CONFIRMED CASES AND DEATHS, BY COUNTRY
1.4 MARKET SCOPE
1.4.1 MARKET DEFINITION
1.5 CURRENCY
1.6 LIMITATIONS OF THE STUDY
2 RESEARCH METHODOLOGY (Page No. - 16)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
3 EXECUTIVE SUMMARY (Page No. - 23)
4 MACROECONOMIC INDICATORS (Page No. - 25)
5 COVID-19 IMPACT ON PACKAGING INDUSTRY (Page No. - 29)
5.1 VALUE CHAIN OF THE PACKAGING INDUSTRY
5.2 IMPACT ON VALUE CHAIN
5.2.1 RAW MATERIAL SUPPLIERS
5.2.2 PACKAGING MANUFACTURERS
5.2.3 PACKAGING EQUIPMENT MANUFACTURERS/SUPPLIERS
5.2.4 CO-PACKERS/FILLERS
5.2.5 END-PRODUCT MANUFACTURERS
5.3 MARKET DYNAMICS
5.3.1 DRIVERS
5.3.1.1 Growing demand for FMCG and pharmaceutical packaging
5.3.1.2 Rising e-commerce sales
5.3.2 RESTRAINTS
5.3.2.1 Shut down of manufacturing facilities
5.3.2.2 Non-availability of raw materials
5.3.2.3 Burden on machinery and equipment
6 CUSTOMER ANALYSIS (Page No. - 40)
6.1 SHIFT IN BEAUTY & PERSONAL CARE INDUSTRY
6.1.1 DISRUPTION IN THE INDUSTRY
6.1.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
6.1.2.1 Impact on customers’ revenues
6.1.2.2 Customer’s most impacted regions
6.1.2.3 Short-term strategies to manage cost structure and supply chains
6.1.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES
6.1.3.1 Measures taken by the customers
6.1.3.2 Customers’ perspective on the growth outlook
6.2 SHIFT IN ELECTRICAL & ELECTRONICS INDUSTRY
6.2.1 DISRUPTION IN THE INDUSTRY
6.2.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
6.2.2.1 Impact on customers’ revenues
6.2.2.2 Customer’s most impacted regions
6.2.2.3 Short-term strategies to manage cost structure and supply chains
6.2.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES
6.2.3.1 Measures taken by the customers
6.2.3.2 Customers’ perspective on the growth outlook
6.3 SHIFT IN HEALTHCARE INDUSTRY
6.3.1 DISRUPTION IN THE INDUSTRY
6.3.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
6.3.2.1 Short-term strategies to manage cost structure and supply chains
6.3.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES
6.3.3.1 Measures taken by the customers
6.3.3.2 Customers’ perspective on the growth outlook
6.4 SHIFT IN FOOD & BEVERAGE INDUSTRY
6.4.1 DISRUPTION IN THE INDUSTRY
6.4.2 IMPACT ON CUSTOMERS’ OUTPUT & STRATEGIES TO RESUME/IMPROVE PRODUCTION
6.4.2.1 Short-term strategies to manage cost structure and supply chains
6.4.3 NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES
6.4.3.1 Measures taken by the customers
6.4.3.2 Customers’ perspective on the growth outlook
7 IMPACT OF COVID-19 ON PACKAGING COMPANIES (Page No. - 51)
7.1 BIGGEST GAINERS, BY TOP END-USE INDUSTRIES
7.1.1 HEALTHCARE
7.1.2 FOOD & BEVERAGE
7.1.3 HOUSEHOLD HYGIENE
7.2 BIGGEST LOSERS, BY TOP END-USE INDUSTRIES
7.2.1 BEAUTY & PERSONAL CARE
7.2.2 ELECTRICAL & ELECTRONICS
7.3 BIGGEST GAINERS, BY TOP TECHNOLOGIES
7.3.1 ASEPTIC PACKAGING
7.3.2 INTELLIGENT/SMART PACKAGING
7.4 BIGGEST LOSERS, BY TOP TECHNOLOGIES
7.4.1 NON-AUTOMATED TECHNOLOGY
7.4.2 PACKAGING ROBOTS AND EQUIPMENT FOR BULK PACKAGING
7.5 COVID IMPACT ON TOP COMPANIES
7.5.1 AMCOR (AUSTRALIA)
7.5.2 BALL CORPORATION (US)
7.5.3 BIZONGO (INDIA)
7.5.4 INTERNATIONAL PAPER (US)
7.5.5 TETRA PAK (SWITZERLAND)
7.5.6 BERRY GLOBAL INC. (US)
7.5.7 DS SMITH PLC (UK)
7.5.8 MONDI GROUP (AUSTRIA)
7.5.9 MACFARLANE GROUP PLC (UK)
7.5.10 SMURFIT KAPPA (IRELAND)
8 STRATEGIES OF PACKAGING COMPANIES AND COVID-19 IMPACT (Page No. - 58)
8.1 IMPACT ON PACKAGING COMPANIES PORTFOLIO
8.1.1 PRODUCT
8.1.2 APPLICATION
8.1.3 TECHNOLOGY
8.1.4 REGION
8.2 WINNING STRATEGIES TO GAIN MARKET SHARE
8.2.1 SHORT-TERM STRATEGIES (TILL DEC 2020)
8.2.2 MID-TERM STRATEGIES (2021-2022)
8.2.3 LONG-TERM STRATEGIES (2022 ONWARDS)
8.3 COVID-19 RELATED DEVELOPMENTS/STRATEGIES OF STAKEHOLDERS IN THE PACKAGING VALUE CHAIN
9 IMPACT OF COVID-19 ON THE PACKAGING MARKET (Page No. - 66)
9.1 SCENARIO BASED FORECASTING, BY PACKAGING MATERIAL TYPE
9.1.1 PESSIMISTIC SCENARIO
9.1.2 REALISTIC SCENARIO
9.1.3 OPTIMISTIC SCENARIO
9.2 BY PACKAGING MATERIAL TYPE, IN REALISTIC SCENARIO
9.2.1 PLASTICS/POLYMERS
9.2.2 PAPER & PAPERBOARD
9.2.3 GLASS
9.2.4 METAL
9.2.5 OTHERS
9.3 SCENARIO BASED FORECASTING, BY APPLICATION
9.3.1 PESSIMISTIC SCENARIO
9.3.2 REALISTIC SCENARIO
9.3.3 OPTIMISTIC SCENARIO
9.4 BY APPLICATION, IN REALISTIC SCENARIO
9.4.1 HEALTHCARE
9.4.2 FOOD & BEVERAGES
9.4.3 HOUSEHOLD HYGIENE
9.4.4 BEAUTY & PERSONAL CARE
9.4.5 ELECTRICAL & ELECTRONICS
9.4.6 OTHERS
9.5 BY REGION, IN REALISTIC SCENARIO
9.5.1 APAC
9.5.1.1 China
9.5.1.2 India
9.5.1.3 Japan
9.5.1.4 Rest of APAC
9.5.2 EUROPE
9.5.2.1 Italy
9.5.2.2 Germany
9.5.2.3 France
9.5.2.4 UK
9.5.2.5 Rest of Europe
9.5.3 NORTH AMERICA
9.5.3.1 US
9.5.3.2 Rest of North America
9.5.4 REST OF THE WORLD
10 APPENDIX (Page No. - 84)
10.1 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
10.2 AVAILABLE CUSTOMIZATIONS
10.3 RELATED REPORTS
10.4 AUTHOR DETAILS
LIST OF TABLES (34 Tables)
TABLE 1 TYPES OF RAW MATERIALS USED TO MANUFACTURE GLASS
TABLE 2 GLOBAL PESSIMISTIC SCENARIO: COVID-19 IMPACT ON PACKAGING MARKET SIZE, BY MATERIAL TYPE, 2018-2021 (USD MILLION)
TABLE 3 GLOBAL REALISTIC SCENARIO: COVID-19 IMPACT ON PACKAGING MARKET SIZE, BY MATERIAL TYPE, 2018-2021 (USD MILLION)
TABLE 4 GLOBAL OPTIMISTIC SCENARIO: COVID-19 IMPACT ON PACKAGING MARKET SIZE, BY MATERIAL TYPE, 2018-2021 (USD MILLION)
TABLE 5 PLASTIC/POLYMER PACKAGING MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
TABLE 6 PAPER & PAPERBOARD PACKAGING MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
TABLE 7 GLASS PACKAGING MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
TABLE 8 METAL PACKAGING MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
TABLE 9 OTHER MATERIAL TYPES PACKAGING MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
TABLE 10 GLOBAL PESSIMISTIC SCENARIO: COVID-19 IMPACT ON PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 11 GLOBAL REALISTIC SCENARIO: COVID-19 IMPACT ON PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 12 GLOBAL OPTIMISTIC SCENARIO: COVID-19 IMPACT ON PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 13 PACKAGING MARKET SIZE IN HEALTHCARE APPLICATION, BY REGION, 2018-2021 (USD MILLION)
TABLE 14 PACKAGING MARKET SIZE IN FOOD & BEVERAGES APPLICATION, BY REGION, 2018-2021 (USD MILLION)
TABLE 15 PACKAGING MARKET SIZE IN HOUSEHOLD HYGIENE APPLICATION, BY REGION, 2018-2021 (USD MILLION)
TABLE 16 PACKAGING MARKET SIZE IN BEAUTY & PERSONAL CARE APPLICATION, BY REGION, 2018-2021 (USD MILLION)
TABLE 17 PACKAGING MARKET SIZE IN ELECTRICAL & ELECTRONICS APPLICATION, BY REGION, 2018-2021 (USD MILLION)
TABLE 18 PACKAGING MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2018-2021 (USD MILLION)
TABLE 19 PACKAGING MARKET SIZE, BY REGION, 2018-2021 (USD MILLION)
TABLE 20 APAC: PACKAGING MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
TABLE 21 CHINA: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 22 INDIA: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 23 JAPAN: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 24 REST OF APAC: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 25 EUROPE: PACKAGING MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
TABLE 26 ITALY: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 27 GERMANY: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 28 FRANCE: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 29 UK: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 30 REST OF EUROPE: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 31 NORTH AMERICA: PACKAGING MARKET SIZE, BY COUNTRY, 2018-2021 (USD MILLION)
TABLE 32 US: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 33 REST OF NORTH AMERICA: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
TABLE 34 REST OF THE WORLD: PACKAGING MARKET SIZE, BY APPLICATION, 2018-2021 (USD MILLION)
LIST OF FIGURES (17 Figures)
FIGURE 1 COVID-19 PANDEMIC’S PACE OF GLOBAL PROPAGATION IS UNPRECEDENTED
FIGURE 2 PACKAGING MARKET SEGMENTATION
FIGURE 3 YEARS CONSIDERED FOR THE STUDY
FIGURE 4 IMPACT OF COVID-19 ON THE PACKAGING INDUSTRY: RESEARCH DESIGN
FIGURE 5 IMPACT OF COVID-19 ON GLOBAL PACKAGING: MARKET SIZE ESTIMATION (METHOD 1)
FIGURE 6 IMPACT OF COVID-19 ON GLOBAL PACKAGING: MARKET SIZE ESTIMATION (METHOD 2)
FIGURE 7 DIFFERENT SCENARIOS FOR PAPER PACKAGING MARKET
FIGURE 8 DIFFERENT SCENARIOS FOR PLASTIC PACKAGING MARKET
FIGURE 9 DATA TRIANGULATION METHODOLOGY
FIGURE 10 DIFFERENT SCENARIOS FOR THE PACKAGING MARKET (USD BILLION)
FIGURE 11 IMPACT OF COVID-19 IN 2020 (Q1) ON DIFFERENT COUNTRIES
FIGURE 12 THREE SCENARIOS BASED ANALYSIS OF IMPACT OF COVID-19 ON BUSINESS
FIGURE 13 IMPACT OF COVID-19 ON THE PACKAGING SPACE
FIGURE 14 VALUE CHAIN OF THE PACKAGING INDUSTRY
FIGURE 15 VALUE CHAIN OF GLASS PACKAGING
FIGURE 16 IMPACT OF COVID-19 ON PACKAGING MARKET: DRIVERS AND RESTRAINTS
FIGURE 17 IMPACT OF COVID-19 ON OTHER APPLICATION INDUSTRIES
The study involved four major activities in estimating the current packaging market size. The exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methodologies were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; news sources, articles from recognized authors; authenticated directories; and databases. Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, the total market players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both the market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply sides and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as marketing directors, consultants, managers, and related key executives from major companies and organizations operating in the market. The primary sources from the demand side included lab technicians, technologists, and sales/purchase managers from end-use industries.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total impact on the size of the packaging market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
- All the percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the estimation processes as explained above-the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the packaging ecosystem
Objectives of the Study:
- To analyze the impact of COVID-19 on the packaging market by material, application, and region
- To provide detailed information about the major factors (drivers and challenges) influencing the trends in the packaging market during the COVID-19 phase
- To analyze the impact of a prolonged pandemic on the supply-demand scenario of packaging
- To study the impact of COVID-19 on key industries that are severely impacted due to this health and economic pandemic
- To examine the shift in revenue patterns of packaging manufacturers in 2020 and their capabilities to address emerging demand during this global COVID-19 pandemic
- To analyze the change in short-term strategies of manufacturers and end-users in the packaging market
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To track key developments of the companies in the context of the COVID-19 pandemic in the global packaging industry
- To analyze the impact of COVID-19 on the packaging market by material, application, and region
- To provide detailed information about the major factors (drivers and challenges) influencing the trends in the packaging market during the COVID-19 phase
- To analyze the impact of a prolonged pandemic on the supply-demand scenario of packaging
- To study the impact of COVID-19 on key industries that are severely impacted due to this health and economic pandemic
- To examine the shift in revenue patterns of packaging manufacturers in 2020 and their capabilities to address emerging demand during this global COVID-19 pandemic
- To analyze the change in short-term strategies of manufacturers and end-users in the packaging market
- To track key developments of the companies in the context of the COVID-19 pandemic in the global packaging market
Growth opportunities and latent adjacency in COVID-19 Impact on Packaging Market