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Packaging Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 186
  • SKU: IRTNTR44725
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The packaging market is estimated to grow at a CAGR of 3.92% between 2022 and 2027. The size of the market is forecast to increase by USD 223.96 billion. The growth of the market depends on several factors, including the growth of food delivery and takeaway services, the rise in the need for innovative packaging, and the increase in demand for digitally printed packaging. 

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, Middle East, and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

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

Packaging Market Market Size

Download the Report Sample to Unlock Statistics About the Packaging Market During the Forecast Period

Parent Market Analysis

Technavio categorizes the global packaging market as a part of the global metal and glass containers market within the overall global containers and packaging market. The global metal and glass containers market includes products of metal, glass, or plastic containers, including corks and caps. The global containers and packaging products market includes the combined revenue generated by manufacturers/providers of metal, glass, and plastic containers and paper packaging. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Packaging Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growth of food delivery and takeaway services is notably driving the market growth, although factors such as environmental concerns over the use of plastic packaging may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Packaging Market Driver

The growth of food delivery and takeaway services is the key factor driving the global packaging market growth. Food delivery and takeaway services are growing at a significant pace, driven by a rise in urbanization, the busy and hectic lifestyles of consumers, a surge in mobile phone penetration, and an increase in the adoption of m-commerce. There is a significant rise in online food ordering owing to an increase in the number of online platforms that offer such services. Currently, as most people around the globe are familiar with the use of the Internet and mobile applications, many people prefer to order food through mobile applications and online portals. It is also more convenient and less costly than offline ordering because of better deals/discounts. Many restaurants have become accessible owing to the availability of online services, and restaurants provide food offered through online services at competitive prices. Therefore, with the growth of food delivery and takeaway services, the global packaging market is anticipated to grow simultaneously during the forecast period.

Key Packaging Market Trend

The market strategies by vendors will fuel the global packaging market growth. The continuous development of new products by vendors is one of the main trends in the global packaging market. Product developments by some vendors will encourage other vendors to introduce innovative products to remain competitive in the global packaging market. Amcor Plc's new AmFiber is a recyclable package for coffee, drink powders, snacks, candy, seasoning, and soups. Based on the growing demand for aluminum cans worldwide, Ball announced the expansion of its operations in South America in June 2022, with a new manufacturing plant in the city of Chilca in Peru. The operation will have a production capacity of over 1 billion beverage cans a year and will begin operation in 2023. Global vendors are strengthening their customer base by enhancing their product offerings and expanding their geographic reach. Such factors are expected to positively impact the growth of the global packaging market during the forecast period.

Key Packaging Market Challenge

Environmental concerns over the use of plastic packaging are a major challenge to the global packaging market growth. Environmental concerns associated with the use of plastic packaging are a major challenge in the global packaging market. Although various types of packaging are extremely efficient in protecting the products inside, the demand for those may fall in the future due to the use of plastic packaging. Disposable packaging used for food is one of the major sources of non-recyclable solid waste globally. Most food service establishments prefer plastic disposable packaging variants as they are less costly and retain the temperature of food for a longer period. However, there are several concerns over the disposal of various types of polymers used in disposable plastic products. Food delivery and takeaway activities are leading to the accumulation of a large amount of solid plastic waste. Most of the disposables used for food delivery are made of polystyrene or polypropylene, which do not decompose easily. Moreover, when polystyrene degrades, it breaks down into styrene monomer, styrene dimer, and styrene trimer, all of which are carcinogenic. The governments of various countries have undertaken several initiatives to promote the use of bioplastics. Such initiatives may reduce the use of plastic packaging, thereby affecting the growth of the market in focus during the forecast period.

Key Packaging Market Customer Landscape

Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, Canada, China, India, and the UK. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.

Packaging Market Market Share by Geography

Global Packaging Market Customer Landscape

Who are the Major Packaging Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product / service launches, to enhance their presence in the market 

amcor.com - The company offers packaging solutions for beverages, food, and healthcare applications.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including :

  • AptarGroup Inc.
  • Ardagh Metal Packaging S.A.
  • Ball Corp.
  • Berry Global Group Inc.
  • CCL Industries Inc.
  • CKS Packaging Inc.
  • Crown Holdings Inc.
  • DS Smith Plc
  • DuPont de Nemours Inc.
  • Genpak LLC
  • Gerresheimer AG
  • Graphic Packaging Holding Co.
  • Mondi plc
  • Packaging Corp. of America
  • Pactiv Evergreen Inc.
  • Sealed Air Corp.
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • WestRock Co.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. 

What is the Fastest-Growing Segment in the Packaging Market?

The market share growth by the food segment will be significant during the forecast period. Food packaging is expected to account for the largest share of the end-user segment in the packaging market during the forecast period. The high potential growth in the sales of packaged food products is generating the demand for packaging globally. 

Packaging Market Market Size

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The Food segment showed a gradual increase in market share with USD 366.60 billion in 2017 and continued to grow by 2021. Changing lifestyles and food habits are significant factors underlying the growth of the packaged food industry across the world. Packaged food manufacturers are adopting rigid packaging solutions that appeal to consumers and are less prone to damage during transportation. The growth in demand for canned food products across the globe is another major factor influencing the growth of the food packaging segment. Canned food products have a long shelf-life, which is a major growth driver for the segment. Changing consumer patterns in terms of food habits due to the influence of western culture has also fuelled the demand for canned food products in developing economies across the APAC. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of different types of packaging, which is driven by an increase in the global demand for the packaging industry.

Which are the Key Regions for the Packaging Market?

Packaging Market Market Share by Geography

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APAC is projected to contribute 41% of market growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

The packaging market in APAC is growing at a steady pace across the region. Developing economies such as China and India are expected to emerge as major revenue contributors to the packaging market in the region, primarily due to rapidly expanding end-user industries such as e-commerce, FMCG, and personal care. APAC also has a very high concentration of manufacturing industries, which, in turn, increases the need for packaging. Furthermore, the e-commerce industry is growing in countries such as China, India, and Japan. The growth of this business sector is attributed to the rise in population in the region, which has created an increase in the overall demand for goods through online channels.

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. The outbreak of COVID-19 led to a decline in demand for packaging in APAC. In 2020, the COVID-19 pandemic negatively impacted the growth of the regional packaging market. Governments of various countries in the region, such as China, India, and Japan, imposed nationwide lockdowns, which led to the shutdown of manufacturing units of various end-user industries, including food and beverage and personal care. Thus, the regional demand for packaging declined. However, in 2021, due to the availability of COVID-19 vaccines and the large-scale vaccination drives carried out by the governments of countries in APAC, such as China, India, and Japan, manufacturing operations in end-user industries gradually resumed normally. Therefore, the demand for packaging will increase, which will lead to the regional packaging market's growth during the forecast period.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by end-user, type, and region.

  • End-user Outlook (USD Billion, 2017 - 2027)
    • Food
    • Beverage
    • Healthcare
    • Personal care
    • Others
  • Type Outlook (USD Billion, 2017 - 2027)
    • Board
    • Rigid plastic
    • Flexible
    • Metal
    • Glass
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Argentina
      • Brazil

Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.92%

Market growth 2023-2027

USD 223.96 billion

Market structure

Fragmented

YoY growth (%)

3.72

Regional analysis

APAC, North America, Europe, the Middle East and Africa, and South America

Performing market contribution

APAC at 41%

Key consumer countries

US, Canada, China, India, and UK

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, AptarGroup Inc., Ardagh Metal Packaging S.A., Ball Corp., Berry Global Group Inc., CCL Industries Inc., CKS Packaging Inc., Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Genpak LLC, Gerresheimer AG, Graphic Packaging Holding Co., Mondi plc, Packaging Corp. of America, Pactiv Evergreen Inc., Sealed Air Corp., Smurfit Kappa Group, 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, and 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 2023-2027
  • Detailed information on factors that will drive the growth of the packaging market between 2023 and 2027
  • Precise estimation of the size of the packaging market and its contribution to the parent market.
  • Accurate predictions about  upcoming trends and changes in consumer behavior
  • Growth of the packaging market industry across APAC, North America, Europe, the Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive details of factors that will challenge the growth of packaging market vendors

 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global packaging market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global packaging market 2017 - 2021 ($ billion)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Food - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Food - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Food - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Food - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Food - Year-over-year growth 2022-2027 (%)
    • 6.4 Beverage - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Beverage - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Beverage - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Beverage - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Beverage - Year-over-year growth 2022-2027 (%)
    • 6.5 Healthcare - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Healthcare - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Healthcare - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
    • 6.6 Personal care - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Personal care - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Personal care - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Personal care - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Personal care - Year-over-year growth 2022-2027 (%)
    • 6.7 Others - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by End-user
      • Exhibit 54: Market opportunity by End-user ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 55: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 57: Chart on Comparison by Type
      • Exhibit 58: Data Table on Comparison by Type
    • 7.3 Board - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Board - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Board - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Board - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Board - Year-over-year growth 2022-2027 (%)
    • 7.4 Rigid plastic - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Rigid plastic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 64: Data Table on Rigid plastic - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Chart on Rigid plastic - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Rigid plastic - Year-over-year growth 2022-2027 (%)
    • 7.5 Flexible - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Flexible - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Data Table on Flexible - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 69: Chart on Flexible - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Flexible - Year-over-year growth 2022-2027 (%)
    • 7.6 Metal - Market size and forecast 2022-2027
      • Exhibit 71: Chart on Metal - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Data Table on Metal - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 73: Chart on Metal - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on Metal - Year-over-year growth 2022-2027 (%)
    • 7.7 Glass - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Glass - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on Glass - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on Glass - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Glass - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Type
      • Exhibit 79: Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 81: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 82: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 83: Chart on Geographic comparison
      • Exhibit 84: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 101: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 113: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 115: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 117: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 118: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 119: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 120: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 121: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 122: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 123: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 124: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 125: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 126: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 127: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 128: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 129: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 130: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 131: Matrix on vendor position and classification
            • 12.3 Amcor Plc
              • Exhibit 132: Amcor Plc - Overview
              • Exhibit 133: Amcor Plc - Business segments
              • Exhibit 134: Amcor Plc - Key news
              • Exhibit 135: Amcor Plc - Key offerings
              • Exhibit 136: Amcor Plc - Segment focus
            • 12.4 Ardagh Metal Packaging S.A.
              • Exhibit 137: Ardagh Metal Packaging S.A. - Overview
              • Exhibit 138: Ardagh Metal Packaging S.A. - Business segments
              • Exhibit 139: Ardagh Metal Packaging S.A. - Key offerings
              • Exhibit 140: Ardagh Metal Packaging S.A. - Segment focus
            • 12.5 Ball Corp.
              • Exhibit 141: Ball Corp. - Overview
              • Exhibit 142: Ball Corp. - Business segments
              • Exhibit 143: Ball Corp. - Key news
              • Exhibit 144: Ball Corp. - Key offerings
              • Exhibit 145: Ball Corp. - Segment focus
            • 12.6 Berry Global Group Inc.
              • Exhibit 146: Berry Global Group Inc. - Overview
              • Exhibit 147: Berry Global Group Inc. - Business segments
              • Exhibit 148: Berry Global Group Inc. - Key news
              • Exhibit 149: Berry Global Group Inc. - Key offerings
              • Exhibit 150: Berry Global Group Inc. - Segment focus
            • 12.7 CCL Industries Inc.
              • Exhibit 151: CCL Industries Inc. - Overview
              • Exhibit 152: CCL Industries Inc. - Business segments
              • Exhibit 153: CCL Industries Inc. - Key offerings
              • Exhibit 154: CCL Industries Inc. - Segment focus
            • 12.8 Crown Holdings Inc.
              • Exhibit 155: Crown Holdings Inc. - Overview
              • Exhibit 156: Crown Holdings Inc. - Business segments
              • Exhibit 157: Crown Holdings Inc. - Key offerings
              • Exhibit 158: Crown Holdings Inc. - Segment focus
            • 12.9 DS Smith Plc
              • Exhibit 159: DS Smith Plc - Overview
              • Exhibit 160: DS Smith Plc - Business segments
              • Exhibit 161: DS Smith Plc - Key offerings
              • Exhibit 162: DS Smith Plc - Segment focus
            • 12.10 DuPont de Nemours Inc.
              • Exhibit 163: DuPont de Nemours Inc. - Overview
              • Exhibit 164: DuPont de Nemours Inc. - Business segments
              • Exhibit 165: DuPont de Nemours Inc. - Key offerings
              • Exhibit 166: DuPont de Nemours Inc. - Segment focus
            • 12.11 Gerresheimer AG
              • Exhibit 167: Gerresheimer AG - Overview
              • Exhibit 168: Gerresheimer AG - Business segments
              • Exhibit 169: Gerresheimer AG - Key news
              • Exhibit 170: Gerresheimer AG - Key offerings
              • Exhibit 171: Gerresheimer AG - Segment focus
            • 12.12 Graphic Packaging Holding Co.
              • Exhibit 172: Graphic Packaging Holding Co. - Overview
              • Exhibit 173: Graphic Packaging Holding Co. - Business segments
              • Exhibit 174: Graphic Packaging Holding Co. - Key offerings
              • Exhibit 175: Graphic Packaging Holding Co. - Segment focus
            • 12.13 Mondi plc
              • Exhibit 176: Mondi plc - Overview
              • Exhibit 177: Mondi plc - Business segments
              • Exhibit 178: Mondi plc - Key news
              • Exhibit 179: Mondi plc - Key offerings
              • Exhibit 180: Mondi plc - Segment focus
            • 12.14 Sealed Air Corp.
              • Exhibit 181: Sealed Air Corp. - Overview
              • Exhibit 182: Sealed Air Corp. - Business segments
              • Exhibit 183: Sealed Air Corp. - Key news
              • Exhibit 184: Sealed Air Corp. - Key offerings
              • Exhibit 185: Sealed Air Corp. - Segment focus
            • 12.15 Smurfit Kappa Group
              • Exhibit 186: Smurfit Kappa Group - Overview
              • Exhibit 187: Smurfit Kappa Group - Business segments
              • Exhibit 188: Smurfit Kappa Group - Key news
              • Exhibit 189: Smurfit Kappa Group - Key offerings
              • Exhibit 190: Smurfit Kappa Group - Segment focus
            • 12.16 Sonoco Products Co.
              • Exhibit 191: Sonoco Products Co. - Overview
              • Exhibit 192: Sonoco Products Co. - Business segments
              • Exhibit 193: Sonoco Products Co. - Key offerings
              • Exhibit 194: Sonoco Products Co. - Segment focus
            • 12.17 WestRock Co.
              • Exhibit 195: WestRock Co. - Overview
              • Exhibit 196: WestRock Co. - Business segments
              • Exhibit 197: WestRock Co. - Key news
              • Exhibit 198: WestRock Co. - Key offerings
              • Exhibit 199: WestRock Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 200: Inclusions checklist
                • Exhibit 201: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 202: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 203: Research methodology
                • Exhibit 204: Validation techniques employed for market sizing
                • Exhibit 205: Information sources
              • 13.5 List of abbreviations
                • Exhibit 206: 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
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              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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              Packaging Market market growth will increase by $223.96 billion during 2023-2027.
              The packaging market market is expected to grow at a CAGR of 3.92% during 2023-2027.
              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 geography (APAC, North America, Europe, Middle East and Africa, and South America).
              Amcor Plc, AptarGroup Inc., Ardagh Metal Packaging S.A., Ball Corp., Berry Global Group Inc., CCL Industries Inc., CKS Packaging Inc., Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Genpak LLC, Gerresheimer AG, Graphic Packaging Holding Co., Mondi plc, Packaging Corp. of America, Pactiv Evergreen Inc., Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., WestRock Co. are a few of the key vendors in the packaging market market.
              APAC will register the highest growth rate of 40.69% 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 services
              • Market strategies by vendors
              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.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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