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

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR44725
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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 3.59%.

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 packaging market segmentations 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?

Packaging Market Size

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Packaging Market: Key Drivers, Trends, and Challenges

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 the packaging market growth is the growth of food delivery and takeaway market. The global food delivery and takeaway market is growing at a significant pace, driven by a rise in urbanization, the busy and hectic lifestyle of consumers, a surge in mobile phone penetration, an increase in the adoption of m-commerce. There is a significant rise in online food ordering, owing to an increase in online platforms. Currently, 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. It is also more convenient and cheaper 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. The major players in the global online food delivery market include Delivery Hero, Domino's, Just Eat, and Foodler. therefore, 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

Continuous development of new products is the major trend influencing packaging market growth. The continuous development of new products by vendors is one of the main trends in the market. Product developments by some vendors will encourage other vendors to introduce innovative products to remain competitive in the market. A few examples are mentioned below. In April 2019, Amcor launched AmLite Ultra Recyclable, a packaging product made from high-barrier polyolefin film. This packaging can be used for a range of food, home and personal care, and pharmaceutical products and recycled in existing polyolefin recycling streams. In February 2019, Amcor 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. In January 2019, Ball launched new 360 aerosol cans, which provide the perfect packaging format for personal care and household products.

Key Packaging Market Challenge

High manufacturing cost for packaging is one of the key challenges hindering the packaging market growth. One of the major raw materials used in the manufacturing of packaging is paper pulp. It is widely used for producing corrugated boxes, cardboard boxes, folding cartons, and paper bags, among other packaging. There have been continuous fluctuations in the prices of paper pulp. For instance, the Producer Price Index for pulp, paper, and allied products rose from 169.7 in March 2017 to 217.1 in June 2018. Furthermore, there has been an increase in the price of paper owing to a surge in the cost of transportation. Rising fuel prices in many countries have been adding to the burden of transportation costs for paper. Similarly, changes in prices of other raw materials like plastic also affect the overall cost of market players. 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 Analysis

Technavio categorizes the global packaging market as a part of the global air freght and logistics market. 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 packaging market during the forecast period.

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 adopting organic and inorganic growth strategies 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, platic bottles and jars 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.

The packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

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

 

Which are the Key Regions for Packaging Market?

Packaging Market Market segmentation by region

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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 market in APAC. Market growth in this region will be faster than the growth of the market in regions.

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, fast-moving consumer goods (FMCG), and personal care. 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?

Packaging Market Segmentation

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The packaging market share growth by the food will be significant during the forecast period. The potential growth in packaged food sales is generating the demand for packaging globally.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. 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 3.59%

Market growth 2021-2025

$ 170.61 billion

Market structure

Fragmented

YoY growth (%)

3.42

Regional analysis

APAC, North America, Europe, MEA, South America, 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 forecast period

Customization purview

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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, South America, 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
    • Exhibit 02: Market characteristics
  • 2.2 Impact of COVID-19 on the industrials sector
    • 2.3 Value chain analysis
      • Exhibit 03: Value chain analysis: Containers & packaging market

    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
        • 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
        • Exhibit 09: Bargaining power of buyers
      • 4.3 Bargaining power of suppliers
        • Exhibit 10: Bargaining power of suppliers
      • 4.4 Threat of new entrants
        • Exhibit 11: Threat of new entrants
      • 4.5 Threat of substitutes
        • Exhibit 12: Threat of substitutes
      • 4.6 Threat of rivalry
        • Exhibit 13: Threat of rivalry
      • 4.7 Market condition
        • Exhibit 14: Market condition - Five forces 2020

      5 Market Segmentation by End-user

      • 5.1 Market segments
        • 5.2 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

          • 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

          8 Geographic Landscape

          • 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
            • 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
              • 9.2 Market challenges
                • Exhibit 56: Impact of drivers and challenges
              • 9.3 Market trends

                10 Vendor Landscape

                • 10.1 Overview
                  • 10.2 Vendor landscape
                    • Exhibit 57: Vendor landscape
                  • 10.3 Landscape disruption
                    • Exhibit 58: Landscape disruption
                    • 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
                    • 12.2 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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                    Packaging Market market growth will increase by $170.61 bn during 2021-2025.
                    The packaging market market is expected to grow at a CAGR of 3.59% during 2021-2025.
                    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, MEA, and South America).
                    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. are a few of the key vendors in the packaging market market.
                    APAC will register the highest growth rate of 41% 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.
                    • What are the key global market and the regional market share?
                    • What are the revenue-generating key market segments?
                    • 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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                    • Data on revenue-generating market segments
                    • Details on the market shares of various regions
                    • Five-force market analysis

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