Packaging Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR44725
Technavio

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The packaging market share is expected to increase by USD 170.61 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4%.

This packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (food, beverage, healthcare, personal care, and others), type (board, rigid plastic, flexible, metal, and glass), and geography (APAC, North America, Europe, MEA, and South America). The packaging market report also offers information on several market vendors, including Amcor Plc, Ball Corp., Berry Global Group Inc., CCL Industries Inc., DS Smith Plc, DuPont de Nemours Inc., Mondi Group, Smurfit Kappa Group Plc, Sonoco Products Co., and WestRock Co. among others.

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

Download the Free Report Sample to Unlock the Packaging Market Size for the Forecast Period and Other Important Statistics

 

Packaging Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growth of food delivery and takeaway market is notably driving the packaging market growth, although factors such as high manufacturing cost for packaging may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Packaging Market Driver

One of the key factors driving growth in the packaging market is the growth of the food delivery and takeaway market. The global food delivery and takeaway market is growing at a substantial pace, owing to the rise in urbanization, the busy and hectic lifestyle of consumers, a surge in mobile phone penetration, and the increase in the adoption of m-commerce. As most people around the globe are habituated with the use of the Internet and mobile applications, many people prefer to order food through mobile applications and online portals. Many restaurants have become accessible owing to the availability of online services. The rise in the number of dark kitchens which produce food for online deliveries has contributed to the growth of the global food delivery and takeaway market globally. With the growth of the global food delivery and takeaway market, the simultaneous growth of the global packaging market is anticipated.

Key Packaging Market Trend

The continuous development of new products is another factor supporting the packaging market share growth. Product developments by some vendors will encourage other vendors to introduce innovative products to remain competitive in the market. Amcor launched AmLite Ultra Recyclable, a packaging product made from high-barrier polyolefin film which can be used for a range of food, home, and personal care, and pharmaceutical products while also being recyclable in existing polyolefin recycling streams. Amcor also launched Genesis, an all-polyethylene laminate, which has clarity, gloss, and stiffness similar to polypropylene laminates. This packaging can be used for fresh produce, frozen food, dried fruits, nuts, confectionery, chilled goods, and pet food.

Key Packaging Market Challenge

The high manufacturing cost for packaging is a major challenge for the packaging market. Paper pulp is the major raw material used in the manufacturing of packaging and is widely used for producing corrugated boxes, cardboard boxes, folding cartons, and paper bags, among other packaging. There has been a surge in the cost of transportation, owing to the rising fuel prices in many countries have, which, in turn, is increasing in the price of paper. Paper and paper products are shipped across the world, and as fuel and freight prices rise, so would paper prices. Raw material suppliers are forced to pass on these costs to end-users by raising the prices. The resultant increase in prices negatively affects market growth.

This packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Dynamics

The global packaging market is a part of the global air freight and logistics market. The global air freight and logistics market was valued at around $4,850.00 billion in 2020. The global packaging market is part of the Containers & Packaging market, which is a sub-market of the global air freight and logistics market.

Who are the Major Packaging Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amcor Plc
  • Ball Corp.
  • Berry Global Group Inc.
  • CCL Industries Inc.
  • DS Smith Plc
  • DuPont de Nemours Inc.
  • Mondi Group
  • Smurfit Kappa Group Plc
  • Sonoco Products Co.
  • WestRock Co.

 

This statistical study of the packaging market encompasses successful business strategies deployed by the key vendors. The packaging market is fragmented and the vendors are deploying growth strategies such as [mention one vendor strategy] to compete in the market.

Product Insights and News

  • Amcor Plc - The company offers a range of packaging products such as capsules and closures, cups and trays, equipment, flexible packaging, plastic bottles and jars, and others
  • Berry Global Group Inc. - Through this segment, the company offers medical garment materials, surgical drapes, household cleaning wipes, baby diapers, adult incontinence, and products and components for geosynthetics and filtration products servicing the specialty industrial markets  
  • Mondi Group - The company offers packaging solutions such as eco-solutions, flexible packaging bags, and pouches, personal care components, release liners, and others

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

Packaging Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the packaging market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • End-users
  • Marketing and sales
  • Services
  • Support activities

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Packaging Market?

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41% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for packaging in APAC. Market growth in this region will be faster than the growth of the market in the European, North American, and South American regions.

The rapidly expanding end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care will facilitate the packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Packaging Market?

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The packaging market share growth by the food segment will be significant during the forecast period. The potential growth in packaged food sales is generating the demand for packaging globally. Changing lifestyles and food habits are significant factors underlying the growth of the packaged food industry across the world. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the packaging market size and actionable market insights on post COVID-19 impact on each segment.

 

Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 170.61 billion

Market structure

Fragmented

YoY growth (%)

3.42

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 41%

Key consumer countries

US, China, UK, India, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, Ball Corp., Berry Global Group Inc., CCL Industries Inc., DS Smith Plc, DuPont de Nemours Inc., Mondi Group, Smurfit Kappa Group Plc, Sonoco Products Co., and WestRock Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Packaging Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive packaging market growth during the next five years
  • Precise estimation of the packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaging industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of packaging market vendors

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                2.2 Market Characteristics      

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

                                Exhibit 03:  Containers & packaging market

                                2.3.1 Inputs 

                                2.3.2 Inbound logistics

                                2.3.3 Operations

                                2.3.4 Outbound logistics

                                2.3.5 Marketing and sales 

                                2.3.6 Service 

                                Support activities 

                                Innovations 

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                3.4.1 Estimating growth rates for emerging and high-growth markets

                                3.4.2 Estimating growth rates for mature markets

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2020

5. Market Segmentation by End-user                             

                The segments covered in this chapter are: 

  • Food
  • Beverage
  • Healthcare
  • Personal care
  • Others

All the segments have been ranked based on their market size in 2020. The food segment constituted the largest individual segment in 2020, while the smallest single segment was personal care.

                5.1 Market segments

                                Exhibit 15: End-user - Market share 2020-2025 (%)

                5.2 Comparison by End-user  

                                Exhibit 16: ​Comparison by End-user​

                5.3 ​Food - Market size and forecast 2020-2025              

                                Exhibit 17: ​Food - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 18: ​Food - Year-over-year growth 2020-2025 (%)

                5.4 Beverage - Market size and forecast 2020-2025      

                                Exhibit 19: ​Beverage - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 20: ​Beverage - Year-over-year growth 2020-2025 (%)

                5.5 Healthcare - Market size and forecast 2020-2025   

                                Exhibit 21: ​Healthcare - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 22: ​Healthcare - Year-over-year growth 2020-2025 (%)

                5.6 Personal care - Market size and forecast 2020-2025              

                                Exhibit 23: ​Personal care - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 24: ​Personal care - Year-over-year growth 2020-2025 (%)

                5.7 Others - Market size and forecast 2020-2025           

                                Exhibit 25: ​Others - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 26: ​Others - Year-over-year growth 2020-2025 (%)

                5.8 Market opportunity by End-user  

                                Exhibit 27: ​Market opportunity by End-user

6. Market Segmentation by Type                     

                The segments covered in this chapter are: 

  • Board
  • Rigid plastic
  • Flexible
  • Metal
  • Glass

All the segments have been ranked based on their market size in 2020. Board constituted the largest segment in 2020, while the smallest segment was glass

                6.1 Market segments

                                Exhibit 28: ​Type - Market share 2020-2025 (%)

                6.2 Comparison by Type          

                                Exhibit 29: ​Comparison by Type

                6.3 Board - Market size and forecast 2020-2025             

                                Exhibit 30: ​Board - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 31: ​Board - Year-over-year growth 2020-2025 (%)

                6.4 ​Rigid plastic - Market size and forecast 2020-2025​                

                                Exhibit 32: ​Rigid plastic - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 33: ​Rigid plastic - Year-over-year growth 2020-2025 (%)

                6.5 Flexible - Market size and forecast 2020-2025         

                                Exhibit 34: ​Flexible - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 35: ​Flexible - Year-over-year growth 2020-2025 (%)

                6.6 Metal - Market size and forecast 2020-2025             

                                Exhibit 36: ​Metal - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 37: ​Metal - Year-over-year growth 2020-2025 (%)

                6.7 Glass - Market size and forecast 2020-2025              

                                Exhibit 38: ​Glass - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 39: ​Glass - Year-over-year growth 2020-2025 (%)

                6.8 Market opportunity by Type          

                                Exhibit 40: ​Market opportunity by Type

7. Customer landscape                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 41: ​Customer landscape​

8. Geographic Landscape                     

                ​​The regions covered in the report are: 

  • APAC
  • North America
  • Europe 
  • MEA
  • South America 

North America was the largest region of the market in 2020 and would continue to be the largest segment of the market in 2025. It would grow at a compounded annual growth rate of around 5% between 2020 and 2025, which is slower than the overall market

                8.1 Geographic segmentation

                                Exhibit 42: ​Market share by geography 2020-2025 (%)

                8.2 Geographic comparison   

                                Exhibit 43: Geographic comparison

                8.3 APAC - Market size and forecast 2020-2025​             

                                Exhibit 44: ​APAC - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 45: ​APAC - Year-over-year growth 2020-2025 (%)

                8.4 North America - Market size and forecast 2020-2025           

                                Exhibit 46: ​North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 47: ​North America - Year-over-year growth 2020-2025 (%)

                8.5 ​Europe - Market size and forecast 2020-2025         

                                Exhibit 48: ​Europe - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 49: Europe - Year-over-year growth 2020-2025 (%)

                8.6 MEA - Market size and forecast 2020-2025               

                                Exhibit 50: ​MEA - Market size and forecast 2020-2025 ($ billion)​

                                Exhibit 51: MEA - Year-over-year growth 2020-2025 (%)

                8.7 South America - Market size and forecast 2020-2025          

                                Exhibit 52: South America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 53: South America - Year-over-year growth 2020-2025 (%)

                8.8 Key leading countries        

                                Exhibit 54: Key leading countries

                8.9 Market opportunity by geography

                                Exhibit 55: Market opportunity by geography ($ billion)

9. Drivers, Challenges, and Trends                   

                9.1 ​Market drivers     

                                9.1.1 Growth of food delivery and takeaway market

                                9.1.2 Rise in need for innovative packaging

                                9.1.3 Increase in demand for digitally printed packaging

                9.2 Market challenges              

                                9.2.1 High manufacturing cost for packaging

                                9.2.2 Environmental concerns over the use of plastic packaging

                                9.2.3 Contamination of food during packaging

                                Exhibit 56: Impact of drivers and challenges

                9.3 Market trends      

                                9.3.1 Continuous development of new products

                                9.3.2 Emergence of tamper-proof packaging

                                9.3.3 Rise in adoption of reusable packaging

10. Vendor Landscape                           

                10.1 Competitive scenario      

                10.2 Vendor landscape            

                                Exhibit 57: Vendor landscape

                10.3 Landscape disruption      

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                                Exhibit 58: ​Landscape disruption​

                10.4 Industry risks      

                                Exhibit 59: Industry risks

11. Vendor Analysis               

                11.1 Vendors covered              

                                Exhibit 60: Vendors covered

                11.2 Market positioning of vendors    

                                Exhibit 61: ​Market positioning of vendors​

                11.3 Amcor Plc            

                                Exhibit 62:  Amcor Plc - Overview

                                Exhibit 63:  Amcor Plc - Business segments

                                Exhibit 64: Amcor Plc - Key news

                                Exhibit 65:  Amcor Plc - Key offerings

                                Exhibit 66:  Amcor Plc - Segment focus

                11.4 Ball Corp.

                                Exhibit 67:  Ball Corp. - Overview

                                Exhibit 68:  Ball Corp. - Business segments

                                Exhibit 69: Ball Corp. - Key news

                                Exhibit 70:  Ball Corp. - Key offerings

                                Exhibit 71:  Ball Corp. - Segment focus

                11.5 Berry Global Group Inc. 

                                Exhibit 72:  Berry Global Group Inc. - Overview

                                Exhibit 73:  Berry Global Group Inc. - Business segments

                                Exhibit 74: Berry Global Group Inc. - Key news

                                Exhibit 75: Berry Global Group Inc. - Key offerings

                                Exhibit 76:  Berry Global Group Inc. - Segment focus

                11.6 CCL Industries Inc.            

                                Exhibit 77:  CCL Industries Inc. - Overview

                                Exhibit 78:  CCL Industries Inc. - Business segments

                                Exhibit 79: CCL Industries Inc. - Key news

                                Exhibit 80: CCL Industries Inc. - Key offerings

                                Exhibit 81:  CCL Industries Inc. - Segment focus

                11.7 DS Smith Plc        

                                Exhibit 82:  DS Smith Plc - Overview

                                Exhibit 83:  DS Smith Plc - Business segments

                                Exhibit 84:  DS Smith Plc - Key offerings

                                Exhibit 85:  DS Smith Plc - Segment focus

                11.8 DuPont de Nemours Inc.

                                Exhibit 86:  DuPont de Nemours Inc. - Overview

                                Exhibit 87:  DuPont de Nemours Inc. - Business segments

                                Exhibit 88: DuPont de Nemours Inc. - Key news

                                Exhibit 89:  DuPont de Nemours Inc. - Key offerings

                                Exhibit 90:  DuPont de Nemours Inc. - Segment focus

                11.9 Mondi Group     

                                Exhibit 91:  Mondi Group - Overview

                                Exhibit 92:  Mondi Group - Business segments

                                Exhibit 93: Mondi Plc - Key news

                                Exhibit 94:  Mondi Group - Key offerings

                                Exhibit 95:  Mondi Group - Segment focus

                11.10 Smurfit Kappa Group Plc             

                                Exhibit 96:  Smurfit Kappa Group Plc - Overview

                                Exhibit 97:  Smurfit Kappa Group Plc - Business segments

                                Exhibit 98:  Smurfit Kappa Group Plc - Key news

                                Exhibit 99: Smurfit Kappa Group Plc - Key offerings

                                Exhibit 100:  Smurfit Kappa Group Plc - Segment focus

                11.11 Sonoco Products Co.     

                                Exhibit 101:  Sonoco Products Co. - Overview

                                Exhibit 102:  Sonoco Products Co. - Business segments

                                Exhibit 103:  Sonoco Products Co. - Key news

                                Exhibit 104:   Sonoco Products Co. - Key offerings

                                Exhibit 105:  Sonoco Products Co. - Segment focus

                11.12 WestRock Co.  

                                Exhibit 106:  WestRock Co. - Overview

                                Exhibit 107:  WestRock Co. - Business segments

                                Exhibit 108:  WestRock Co. - Key news

                                Exhibit 109:  WestRock Co. - Key offerings

                                Exhibit 110:  WestRock Co. - Segment focus

12. Appendix                            

                12.1 Scope of the report         

                                12.1.1 ​​​​Market definition

                                12.1.2 ​​​​Objectives

                                12.1.3 ​​​​Notes and caveats

                12.2 Currency conversion rates for US$            

                                Exhibit 111: ​Currency conversion rates for US$​

                12.3 Research Methodology 

                                Exhibit 112: ​Research Methodology

                                Exhibit 113: ​​Validation techniques employed for market sizing​

                                Exhibit 114: ​​Information sources

                12.4 List of abbreviations        

                                Exhibit 115: List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The packaging market market growth will increase by $280.29 billion during 2019-2024.
The packaging market market is expected to grow at a CAGR of 5.34% during 2019-2024.
Technavio has segmented the packaging market market by end user (Food, Beverage, Healthcare, Personal care, and Others) ,type (Board, Rigid plastic, Flexible, Metal, and Glass) , and geographic (APAC, North America, Europe, MEA, and South America).
Amcor Plc, Ball Corp., Berry Global Group Inc., CCL Industries Inc., DuPont de Nemours Inc., DS Smith Plc, Mondi Group, Reynolds Group Holdings Ltd., Smurfit Kappa Group Plc, WestRock Co. are a few of the key vendors in the packaging market market.
APAC will register the highest growth rate of 39.47% among the other regions. Therefore, the packaging market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the packaging market market growth are:
  • Growth of food delivery and takeaway market
  • Continuous development of new products
The packaging market market vendors should focus on grabbing business opportunities from the food segment as it accounted for the largest market share in the base year.
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