Enjoy complimentary customisation on priority with our Enterprise License!
The packaging market size is valued to increase USD 297.6 billion, at a CAGR of 4.6% from 2024 to 2029. Growth of food delivery and takeaway services will drive the packaging market.
Get Key Insights on Market Forecast (PDF) Request Free Sample
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.
The board segment is estimated to witness significant growth during the forecast period.
In the dynamic the market, various trends are shaping its evolution. Tamper-evident packaging, ensuring product safety, is gaining traction with a 15.2% market share in 2021. Biodegradable packaging materials, a sustainable alternative, are expected to occupy 20.5% of the market by 2026. Shelf-life extension packaging, crucial for perishable goods, is projected to expand by 18.7% in the same period. Logistics packaging design, focusing on optimizing transportation and storage, is a growing concern, accounting for 12.4% of the market in 2021. Packaging cost optimization, a key business strategy, is expected to increase by 16.9% in future industry expectations. RFID packaging integration, enabling real-time tracking, is poised to capture 9.8% of the market share by 2026.
Consumer packaging preferences, driven by convenience and aesthetics, are influencing market trends. Labeling and decoration, essential for branding, is a significant market segment, accounting for 17.6% in 2021. Modified atmosphere packaging, extending product life, is projected to grow by 14.5% in the upcoming years. Automated packaging systems, enhancing efficiency, are expected to expand by 13.3%, while active packaging systems, offering product preservation, are projected to capture 11.2% of the market share by 2026. Supply chain optimization, crucial for reducing costs and enhancing delivery, is anticipated to increase by 12.1%. Packaging waste recycling, a crucial sustainability concern, is projected to grow by 19.1% in future industry expectations.
Packaging testing methods, ensuring product quality, are expected to expand by 17.8%. Sustainable packaging materials, addressing environmental concerns, are poised to capture 21.5% of the market share by 2026. Protective packaging solutions, crucial for product safety, are anticipated to increase by 16.6%. Smart packaging technology, offering real-time information, is projected to grow by 11.9%. Barrier properties packaging, essential for preserving product integrity, is expected to capture 13.7% of the market share by 2026. Packaging line efficiency, crucial for reducing downtime, is projected to expand by 14.3%. Flexible packaging films, offering versatility, are anticipated to increase by 12.2%. Recyclable packaging formats, addressing sustainability concerns, are expected to capture 22.1% of the market share by 2026.
Packaging material sourcing, focusing on cost and sustainability, is a growing concern, accounting for 18.5% in 2021. Reusable packaging systems, reducing waste, are projected to grow by 15.4%. Packaging printing techniques, crucial for branding, are expected to expand by 16.7%. E-commerce packaging design, essential for online sales, is a significant market segment, accounting for 16.9% in 2021. Inventory management systems, crucial for stock control, are projected to increase by 13.5%. Distribution network efficiency, crucial for timely delivery, is expected to expand by 12.8%. Child-resistant packaging, ensuring safety, is projected to grow by 17.9%. Compostable packaging options, addressing sustainability concerns, are anticipated to capture 11.3% of the market share by 2026.
Intelligent packaging sensors, offering real-time product information, are expected to expand by 14.2%. Packaging waste reduction, crucial for sustainability, is projected to increase by 18.3%. Package design software, enabling customization, is anticipated to grow by 15.1%. Product damage prevention, crucial for maintaining product quality, is expected to expand by 13.6%.
The Board segment was valued at USD 339.40 billion in 2019 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 41% 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.
See How Packaging Market Demand is Rising in APAC Request Free Sample
The e-commerce, FMCG, and personal care industries are major contributors to this growth. APAC's high concentration of manufacturing industries increases the demand for packaging solutions. Furthermore, the e-commerce sector's expansion in countries like China, India, and Japan, fueled by population growth and the rising demand for online goods, significantly drives the market's development.
APAC's high manufacturing industry concentration increases the need for packaging. Moreover, the e-commerce sector's growth in countries like China, India, and Japan, due to population growth and the increasing demand for online goods, significantly boosts the market's development.
Furthermore, the e-commerce sector's growth in countries like China, India, and Japan, due to population growth and the increasing demand for online goods, significantly propels the market's development
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses a diverse range of solutions, including automated high-speed packaging lines, sustainable packaging material selection, RFID tracking in supply chain packaging, and more. One key trend shaping this market is the increasing emphasis on impact resistant protective packaging design, particularly in e-commerce applications where product damage during transit is a significant concern. Another significant development is the consumer preference for sustainable packaging materials, such as those with favorable biodegradable packaging material decomposition rates and recyclable packaging material sorting techniques. Moreover, modified atmosphere packaging is gaining traction due to its shelf life extension capabilities, while smart packaging sensor data integration systems enable real-time monitoring of product freshness and quality.
Tamper-evident packaging security features and child-resistant mechanisms are essential for ensuring product safety and consumer protection. Flexible packaging films are undergoing continuous innovation to enhance their barrier properties, while supply chain optimization through packaging efficiency and logistics packaging design for damage prevention are critical areas of focus. Warehouse management systems for packaging inventory and packaging printing techniques are essential for cost-effective production and distribution. Reusable packaging systems are gaining popularity due to their environmental benefits, with a growing emphasis on cleaning and sanitization methods. Compostable packaging materials are undergoing rigorous biodegradability testing to meet consumer demands, and packaging waste recycling infrastructure development is a crucial aspect of the circular economy.
Adoption rates of automated high-speed packaging lines in the industrial sector are significantly higher than in the small and medium enterprises segment, accounting for over 70% of total installations. This trend is driven by the need for increased efficiency and productivity in large-scale manufacturing operations. By focusing on these key trends and innovations, businesses can stay ahead of the curve and capitalize on the growing opportunities in The market.
The packaging market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the packaging market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Packaging Industry
Companies are implementing various strategies, such as strategic alliances, packaging market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amcor Plc - The company specializes in innovative packaging solutions, providing metal-free laminates, Amsky blister systems, Vento, Form Pack cold form blisters, Amlite recyclable, and Amprima, among other offerings. These products cater to various industries, showcasing the company's commitment to versatility and sustainability in the packaging sector.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Packaging Market insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
221 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.6% |
|
Market growth 2025-2029 |
USD 297.6 billion |
|
Market structure |
Fragmented |
|
YoY growth 2024-2025(%) |
4.1 |
|
Key countries |
US, China, Germany, UK, India, France, Japan, Canada, South Korea, Italy, Brazil, South Africa, and UAE |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Packaging Market between 2025 and 2029?
USD 297.6 billion, at a CAGR of 4.6%
What segmentation does the market report cover?
The report segmented by Type (Board, Rigid plastic, Flexible, Metal, and Glass), End-user (Food, Beverage, Healthcare, Personal care, and Others), Geography (APAC, North America, Europe, Middle East and Africa, and South America), Technology (Offset, Flexography, Screen, Gravure, and Digital), Material (Plastic, Paper & Paperboard, Metal, Glass, Wood, and Others), and Packaging Type (Primary Packaging, Secondary Packaging, and Tertiary Packaging)
Which regions are analyzed in the report?
APAC, North America, Europe, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Growth of food delivery and takeaway services, High cost of recycling rigid plastic products
Who are the major players in the Packaging Market?
Key Companies Amcor Plc, Ball Corp., Berry Global Inc., Constantia Flexibles Group GmbH, Crown Holdings Inc., Gerresheimer AG, Huhtamaki Oyj, International Paper Co., Mondi Plc, Oji Holdings Corp., Pregis LLC, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., Stora Enso Oyj, Tetra Laval SA, UPM Kymmene Corp., WestRock Co., and Winpak Ltd.
We can help! Our analysts can customize this packaging market research report to meet your requirements.
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Market Segmentation by Technology
11 Market Segmentation by Material
12 Market Segmentation by Packaging Type
13 Customer Landscape
14 Geographic Landscape
15 Drivers, Challenges, and Opportunity/Restraints
16 Competitive Landscape
17 Competitive Analysis
18 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
