The world economy has proved to be most fragile in recent times with growth in developed countries being rather pedestrian, resulting in the hope of new volumes being found in developing markets. As such, the health of the packaging industry is linked to that of the world economy as a whole. However, reliant upon upstream industries for their raw materials, packaging converters have to cope with fluctuations in raw material prices, dependent upon levels of supply and demand. The progression of packaging demand is influenced by a wide range of factors, from year to year and also factors with a much longer-term influence. While the economy plays a central role in influencing the size and growth of the market, there are a number of other factors which can be seen as having a direct or at least indirect influence on packaging demand or, at any rate, the nature of this demand, irrespective of the performance of the economy.
It is difficult to ignore lifestyle trends that are today impacting upon consumer purchasing decisions. For the packaging industry, these trends are positive, encouraging innovation and expansion of chilled cabinet selections in supermarkets. Consumers are becoming increasingly demanding and short of time, seeking out convenience food solutions that represent an advance on more traditional processed foods. The expectations of food quality are rising and growing awareness of health and other issues present new challenges to retailers, packers and packaging suppliers alike. Used in a wide range of industries across food and drink, healthcare, cosmetics and other consumer goods as well as a range of industrial sectors, packaging has become an essential everyday item, with its usage growing broadly in line with the global economy.
MarketsandMarkets reports on packaging market provide meaningful information on identifying prospective markets as well as guidance on how to capitalize on market trends. As packaging growth is tied to the world economy the information portrayed in this document serves as an important guide for success. It provides intensive market data and detailed analysis on fast emerging segments, covering their integral sub-segments, like end-use market consumption, industry and financial performance, sales and distribution channels, and high growth areas. Packaging analysts continuously track and analyze industry trends in the high growth geographies markets. We have displayed our expertise by partnering with Fortune 500 clients to provide tailor-made consulting projects within client’s product portfolio.
Our report expertise includes assessing new market opportunities & market sizing, identifying key growth drivers and restraints, opportunities to seize and winning business strategies. There is a dedicated team for company profiles and competitive landscape on an on-going basis. All our reports cover major geographies like North America, Europe, Asia Pacific and emerging economies in Asia and Latin America. Our research team makes comprehensive reports on its own and also in collaboration with subject matter experts. We have access to industry recognized secondary databases which helps us to give accurate and authentic information about industry trends. Some of report topics include Anti-counterfeit packaging techniques, aseptic packaging solutions, beverage packaging solutions, packaging films, flexible packaging, caps & closures. All of our reports capture in-depth strategic insights on crucial topics which helps our clients make their informed decisions.
The packaging industry plays a critical role in the global economy by providing essential solutions for the storage, protection, and presentation of products across various sectors. As a dynamic and ever-evolving industry, the packaging market continuously adapts to changing consumer demands, technological advancements, and sustainability concerns. This report aims to provide a comprehensive analysis of the packaging market, exploring its definition, scope, major players, key segments, subsegments, ecosystem, high-growth opportunities, upcoming challenges, and high CAGR geographies.
Packaging Industry Definition
The packaging industry encompasses the design, production, and distribution of materials used for enclosing, protecting, and presenting products. It involves a wide range of packaging formats, materials, and technologies to meet diverse industry requirements. Packaging serves multiple functions, including ensuring product safety, extending shelf life, facilitating transportation and storage, providing product information, and enhancing brand visibility.
Packaging Industry Scope
The packaging industry has a broad scope, catering to various sectors such as food and beverage, pharmaceuticals, cosmetics, consumer goods, electronics, and logistics. It encompasses primary packaging, which is in direct contact with the product, secondary packaging, which involves grouping and branding, and tertiary packaging, which facilitates transportation and bulk handling. Moreover, packaging includes different formats such as bottles, cartons, bags, pouches, cans, and boxes, among others.
Packaging Market Industry Merger & Acquisition
The packaging market has experienced significant merger and acquisition activities in recent years. Companies strive to consolidate their positions, expand their product portfolios, and acquire complementary technologies to enhance their competitive edge. Mergers and acquisitions enable companies to achieve economies of scale, broaden their geographical presence, and leverage synergies across the packaging industry's supply chain. Strategic partnerships and collaborations are also prevalent, fostering innovation and collaboration among industry players.
Packaging Market Industry Key Segments
The packaging market can be segmented based on various factors, including materials, end-use industries, and region. Understanding these key segments helps identify specific market trends and opportunities. Some of the key segments in the packaging industry include:
- Packaging Materials: This segment includes plastics, paper and paperboard, metals, glass, and other materials. Each material offers unique properties and advantages, catering to different product requirements and sustainability considerations.
- End-use Industries: The packaging industry serves a wide range of sectors, including food and beverages, healthcare and pharmaceuticals, personal care, electronics, e-commerce, and industrial goods. Each industry has specific packaging needs and regulatory requirements.
- Packaging Types: Segments based on packaging types include rigid packaging (such as bottles, cans, and boxes) and flexible packaging (including pouches, bags, and wraps). Different products demand different packaging formats based on factors like product protection, convenience, and sustainability.
Packaging Market Industry Subsegments
Within the packaging industry, there are several subsegments that focus on specific areas and specialized packaging solutions. These subsegments include:
- Sustainable Packaging: With growing environmental concerns, the demand for eco-friendly packaging solutions, such as recyclable, biodegradable, and compostable materials, has increased. Sustainable packaging aims to reduce waste, minimize environmental impact, and support a circular economy.
- Luxury Packaging: This subsegment caters to premium and high-end products, emphasizing innovative designs, unique materials, and enhanced aesthetics to create a luxurious and exclusive packaging experience.
- Smart Packaging: This subsegment incorporates technologies like RFID tags, sensors, and NFC to enable functionalities such as product tracking, tamper-evidence, and interactive consumer engagement. Smart packaging enhances product safety, supply chain transparency, and consumer interaction.
- Industrial Packaging: Focusing on industrial goods and bulk shipments, this subsegment includes packaging solutions like pallets, crates, drums, and intermediate bulk containers (IBCs). Industrial packaging ensures safe transportation, storage, and handling of goods in demanding environments.
Packaging Market Industry Ecosystem
The packaging industry ecosystem comprises various stakeholders involved in the value chain. These stakeholders include raw material suppliers, packaging manufacturers, machinery and equipment providers, designers, brand owners, retailers, logistics companies, and end consumers. Collaboration and coordination among these stakeholders are crucial to ensure the efficient production, delivery, and utilization of packaging solutions. The ecosystem also involves regulatory bodies, industry associations, and research institutions that contribute to industry standards, innovation, and sustainability initiatives.
Top 10 Players in the Packaging Market Industry
The packaging market is highly competitive, with several prominent players shaping the industry. While rankings may vary based on market conditions, some of the top players in the packaging market include:
- Amcor plc: A global leader in packaging solutions, offering a wide range of packaging materials and formats across multiple industries.
- International Paper Company: A leading provider of renewable fibre-based packaging, pulp, and paper products.
- Ball Corporation: Known for its metal packaging solutions, including aluminium cans for beverages and aerosol products.
- Tetra Pak International S.A.: Specializing in packaging and processing solutions for liquid foods, offering carton-based packaging systems.
- Sealed Air Corporation: Provides packaging solutions focusing on food safety, protection, and freshness, including bubble wrap and vacuum packaging.
- DS Smith plc: A leading provider of sustainable packaging solutions, offering corrugated packaging, recycled paper, and plastics.
- Reynolds Group Holdings Limited: Known for its consumer packaging products, including aluminium foil, plastic wraps, and disposable containers.
- Smurfit Kappa Group: Offers a wide range of paper-based packaging solutions, including corrugated packaging, bags, and displays.
- WestRock Company: Specializes in packaging solutions for various industries, including paperboard, corrugated packaging, and consumer packaging.
- Mondi plc: Provides packaging and paper solutions, including flexible packaging, industrial bags, and specialty kraft paper.
These companies have a global presence, offer a diverse range of packaging solutions, and have a strong focus on innovation, sustainability, and customer satisfaction.
High-Growth Opportunities in the Packaging Market Industry
The packaging market presents several high-growth opportunities driven by emerging trends and evolving consumer preferences. Some of these opportunities include:
- E-commerce Packaging: With the exponential growth of online shopping, there is an increasing demand for packaging solutions that ensure secure transit, efficient handling, and convenient unboxing experiences for customers.
- Sustainable Packaging Solutions: As sustainability becomes a priority, there is a growing need for innovative packaging materials and designs that reduce waste, minimize environmental impact, and support circular economy principles.
- Intelligent Packaging: The integration of smart technologies into packaging offers opportunities for enhanced traceability, authentication, and engagement, providing added value to both businesses and consumers.
- Personalized Packaging: Customized packaging solutions that cater to individual preferences and provide a unique consumer experience are gaining traction, particularly in the luxury and gifting sectors.
Upcoming Challenges in the Packaging Industry
While the packaging industry presents opportunities, it also faces certain challenges that require attention and innovation. Some upcoming challenges include:
- Regulatory Compliance: The industry must adapt to evolving regulations concerning packaging materials, recycling targets, waste management, and product safety to ensure compliance and minimize potential risks.
- Consumer Preferences and Demands: Changing consumer expectations regarding sustainability, convenience, and product information require continuous adaptation and investment in research and development.
- Supply Chain Disruptions: Global events such as pandemics, natural disasters, and trade disputes can disrupt the packaging supply chain, leading to material shortages, increased costs, and delivery delays.
- Balancing Cost and Sustainability: Achieving sustainable packaging solutions while maintaining cost-efficiency can be a challenge, requiring innovative approaches and investments in new technologies.
Packaging Market High CAGR Geography
The packaging market's high compound annual growth rate (CAGR) can vary based on geographical regions. Some regions that have demonstrated robust growth in the packaging market include:
- Asia-Pacific: The rapidly expanding economies, increasing urbanization, and rising consumer spending in countries like China, India, and Southeast Asian nations have fuelled the demand for packaging solutions across various industries.
- North America: The mature packaging market in North America continues to grow, driven by factors such as the rise in e-commerce, sustainable packaging initiatives, and the strong presence of major consumer goods companies.
- Europe: The European packaging market benefits from stringent regulations promoting sustainable packaging practices and the growing emphasis on eco-friendly materials and recycling.
- Latin America: The packaging market in Latin America has witnessed growth due to the expanding middle-class population, urbanization, and increasing consumption of packaged food and beverages.
- Middle East and Africa: The packaging market in this region is experiencing growth, driven by factors such as population growth, urbanization, increased disposable income, and expanding consumer goods industries.
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The North American packaging tape printing market is projected to grow from USD 5.4 Billion in 2015 to reach USD 7.0 Billion by 2020, at a compound annual growth rate (CAGR) of 5.4% from 2015 to 2020. Printing on the packaging tapes highlights the company’s name and logo, enables ease of stock handling and identification, enhances the visibility of product, and safeguards the merchandise during transit. It also makes the product visually appealing, thereby resulting in instant recognition of the packages. The report aims at estimating the market size and future growth potential of the North American packaging tape printing market across different segments such as product type, material, printing ink, mechanism, end-user industry, and country. The base year considered for the study is 2014 and the market size is projected from 2015 to 2020. The growth of the market has continued to remain robust with a significant number of brand owners harnessing the printing technology in packaging tapes.
- Published: December 2015
- Price: $ 4950
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The global wet waste management market witnessed a rapid growth from 2013, and is projected to grow at a CAGR of 5.09% during the forecast period from 2015 to reach USD 128.40 Billion by 2020. Asia-Pacific dominated the market, with a share of ~33% in 2014. This market is driven by an increasing competition, aggressive pricing, rising environmental sustainability, increasing waste regulations & safety, and various developments in the waste management technology. The Asia-Pacific region is estimated to become the fastest-growing market for wet waste management.
- Published: November 2015
- Price: $ 4950
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The paper industry has been dominated by North America for more than a century now. North America is the largest producer as well as consumer of paper & paper products with a yearly per capita consumption of 487 pounds of paper. This region also enjoys significant availability of fiber resources, which enables it to hold the highest position in the global export of pulp & waste paper. The U.S. ranks first in pulp & paper manufacture and exports, globally, followed by Canada. The global waste paper management market is projected to be valued at around USD 43.35 Billion by 2020, and to grow at a CAGR of 2.55% from 2015 to 2020. The commercial sector as a source of waste paper is projected to grow at the highest CAGR from 2015 to 2020.
- Published: October 2015
- Price: $ 7150
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The global skin packaging market is projected to reach USD 9.67 Billion in 2020, growing at a CAGR of 4.94% from 2015 and 2020. High disposable incomes and changing lifestyles have led to an increase in the consumption of packed goods, which in turn drive the demand for skin packaging. Moreover, with increasing awareness about environmental hazards, the market will adopt technologies to develop sustainable packaging, which is environment-friendly, cost-effective, and requires less resources. The Asia-Pacific region accounted for around 35% of the total market share in terms of value, followed by Europe and North America. The skin packaging market in developing countries such as China and India are projected to grow at a higher rate from 2015 to 2020. China is estimated to grow faster than any other country because of its strong economic growth, along with increase in food consumption and rapid urbanization.
- Published: October 2015
- Price: $ 4950
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The sustainable packaging market is estimated to reach USD 303.60 billion by 2020, with a projected CAGR of 7.17% from 2015 to 2020. Growth in the packaging industry globally and strict regulations regarding sustainability have fuelled the growth for sustainable packaging. The food & beverage packaging segment has the largest application of sustainable packaging, especially in emerging markets such as China, Brazil, and India.
- Published: October 2015
- Price: $ 4950
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The market for vacuum packaging has increased since the last decade because of the technological upgradations and innovations in the packaging industry. The global vacuum packaging market is projected to reach USD 27.67 Billion by 2020, at a CAGR of 4.24% from 2015 to 2020. The Asia-Pacific region accounted for the largest share of the total market value in 2014, followed by Europe and North America. The vacuum packaging market in developed countries is well-established; however, markets in developing economies such as China and India are estimated to grow at a higher rate from 2015 to 2020. This is owing to the growing demand for hygienic packaging that ensures product safety and freshness for longer durations.
- Published: October 2015
- Price: $ 4950
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Modified atmosphere packaging is the replacement of air in a pack with a single or a mixture of gases wherein the proportion of each component is fixed when the mixture is introduced. High barrier substrates, such as ethylene vinyl alcohol, poly ethylene, oriented polyethylene terephthalate, polyamide, and others, become MAP packages after they are formed into trays, lid stock, or bags, and are filled with a selected blend of oxygen, carbon dioxide, nitrogen, and other environmental gases. The modified atmosphere packaging market is projected to reach $13.78 Billion by 2020 growing at a CAGR of 4.3% during the forecast period from 2015 to 2020.
- Published: September 2015
- Price: $ 4950
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The market for the global industrial tapes market has increased since the last decade because of the innovations in the industry. The global industrial tapes market is projected to reach USD 58,487.11 Million by 2020, at a CAGR of 6% from 2015 to 2020. The Asia-pacific region accounted for the largest share of the total market value in 2014, followed by North America. The market in developing economies such as China and India are estimated to grow at a higher rate from 2015 to 2020 due to the growing industrialization in these countries.
- Published: August 2015
- Price: $ 4950
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The primary roles of fresh food packaging market are to protect food products from environmental influencing conditions, physical damage, to contain the food, to provide consumers with ingredient and nutritional information and more importantly, maintain the quality of food as per the predetermined standards. Fresh food packaging is made with materials such as flexible plastic, paper & board, rigid plastic, and metal. The European fresh food packaging industry mainly deals in two main segments of food: vegetables and fruits. The European fresh food packaging market is projected to reach USD 10,578.6 Million by 2020, at a CAGR of 2.13%,
- Published: August 2015
- Price: $ 4950
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The global metal packaging market is projected to reach $135.69 Billion by 2020, with a CAGR of 3.0% from 2015 to 2020. The North America region accounted for around 34.4 % of the total market share in terms of value, followed by the European and Asia-Pacific regions. In the recent years, Asia-Pacific has tremendously progressed in the metal packaging market which primarily includes emerging markets such as India and China. The North America realm held the majority of share in 2015 and accounted 34.4% of the total market, followed by Europe and Asia-pacific market with the share of 31.6% and 22.5% respectively. The main driving force in North America region is the changing lifestyle and convenience of packaged products. The emerging economies such as India and China have played a vital role in the rising growth rate of the industry.
- Published: June 2015
- Price: $ 7150
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The specialty paper market, in terms of volume, is projected to reach 34,879.08 KT by 2020, growing at a CAGR of around 6.59% from 2015. The market was dominated by Europe in 2014, which accounted for around ~33% of the total specialty paper market in terms of volume. On the other hand, Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to growing demand for specialty products and increasing awareness among people.
- Published: June 2015
- Price: $ 4950
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The global market for stick packaging has witnessed rapid growth from 2011, and is projected to grow at a CAGR of 6.26% during the review period, to reach $316.6 Million by 2020. North America dominated the market, with a share of 41% in 2014; this market is driven by convenience and portability of stick packs, aggressive pricing, rising consumer spending, and shift from rigid to flexible packaging. The Asia-Pacific region is projected to become the fastest-growing market for stick packaging.
- Published: May 2015
- Price: $ 4950
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