Packaging Materials Market Size
Packaging Materials Market was valued at USD 1.33 trillion in 2023 and is anticipated to register a CAGR of over 4.9% between 2024 and 2032. The surging growth of e-commerce has fueled the demand for protective and efficient packaging solutions to ensure safe product delivery.
To get key market trends
Hello There! You know how great packaging can make a product stand out and inspire purchase desire? That isn't only a hunches. Excellent packaging can help your brand be far more identifiable (like, by 89%!), and even encourage customers to buy more—up to 33% more!). It goes beyond appearances as well. These days, packaging has become really clever. To keep your food secure, consider active packaging that extends freshness for longer and tamper-proof sealing. These elegant techniques are driving the explosion in the packaging market. But hold back, though! There is a little exception. The amount of waste and pollution packaging can produce worries people somewhat. Our carbon footprint is enormous and we are talking mountains of plastic. Everyone is therefore searching for methods to make packaging more environmentally friendly. Still, it's not an easy chore. Less than 10% of the world's mind-boggling 353 million tons of plastic waste generated year is recycled. That's a lot of plastic accumulating. Therefore, even if the market for packaging is running strong, it is nevertheless somewhat challenged. Is there any environmentally sustainable approach to create packaging without compromising all the coolness and convenience? That represents the next major advance.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Packaging Materials Market Size in 2023 | USD 1.33 trillion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 4.9% |
| 2032 Value Projection | USD 2.06 trillion |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 188 |
| Segments covered | Material, Product, End-Use |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Packaging materials protect goods from damage throughout handling, storage, and transit. They protect objects from other environmental elements, temperature swings, compression, and collisions. Specific barrier features of materials—such as moisture resistance, oxygen and light barriers—help to guard goods from damage, decomposition, or contamination. Growing need for food safety is thus driving the expansion of packaging materials all around.
Packaging Materials Market Trends
Consumer tastes, industry needs, technology developments, and sustainability issues all combine to shape trends in packaging materials. One obvious trend is the growing attention paid to environmentally friendly packaging alternatives. Growing demand for materials that lower environmental effect results from consumers' increasing environmental awareness. Rising biodegradable polymers, compostable packaging, and the use of recycled materials in packaging manufacture are just a few of the trends in this direction.
Furthermore, functional and simple design in packaging is rather popular. Companies are choosing packaging materials that give simplicity, ease of use, and less waste top importance. This trend fits the rising popularity of environmentally friendly companies stressing a dedication to sustainability all through the product life.
Packaging Materials Market Analysis
Learn more about the key segments shaping this market
Material-based division of the market is paper and cardboard, rigid plastics, metal, flexible plastics, glass, wood, textiles, etc. The major market share was occupied by flexible plastics. The versatility of flexible polymers to present vivid printing and labeling choices improves shelf appeal. Visually striking designs and branding help to increase customer involvement and impact purchase choices. Furthermore adding consumer convenience is flexible plastic packaging's easy-to-open and resealable closures. Products that must be resealed for freshness or that are consumed gradually depend especially on this.
Learn more about the key segments shaping this market
Hey hello! Regarding packing, the world of materials available is quite vast. They have bags, pouches, and wraps for snacks and meals; they have containers and jars for your delicacies; they have bottles and cans for your drinks. Not overlooked are lids and closures to maintain proper sealing of everything. And if you require anything larger, IBCs, cartons, and containers abound. Comprising more than a third of the market, bags, pouches, and wraps are the true stars among all these choices. And they're just growing in popularity! For what purpose? People do, however, adore their simplicity in use and portability. They are flexible and light, hence you may carry them anywhere you go. They are ideal for mobile, hectic life.
Hey now! Based on consumer behavior, let us segment the packaging market. We have a ton of categories covering food, beverages, health, beauty, housing, furniture, chemicals, and anything else. Comprising more than thirty percent of the market last year, food is the major cheese. And it will only keep rising till 2032. Now, why should food have elegant packaging? Naturally, to keep it fresh and delicious! Special materials like laminates and films guard food against elements including light, air, and moisture. It's like a shield keeping your grub from spoiling so you might eat it later. However, that's not all! Maintaining food safety and health depends on packaging as well, hence it is also essential. Made to be clean and follow specific guidelines to ensure your food is safe to eat, it is meant to inhibit nasties like germs from entering.
Looking for region specific data?
North America ranked highest in the global packaging market in 2023. With around $267.94 billion brought in that year, the United States was heavily involved. The packaging industry has suffered greatly as a result of the U.S.'s explosive rise in internet buying. Strong, dependable, and practical packaging is suddenly more important as more people buy goods online. This has driven fresh advancements in materials and package design. Furthermore growing awareness of Americans is the surroundings. Eco-friendly packaging is therefore in great demand. People's concerns today center on how packaging affects the earth. This has pushed people toward recyclable materials that break down organically and don't harm the surroundings.
Packaging Materials Market Share
Global market for packaging materials is highly fragmented owing to the presence of several market players. Major companies operating in the market are Amcor, Ball Corporation, Crown Holding, accounting over 33% market share in the year 2023. The major market players are focusing on mergers & acquisitions, facility expansion, and strategic partnerships to expand their product offerings, customer reach, and enhance market presence. Companies are also focusing on acquisition strategy.
These companies often have a wide-ranging portfolio of packaging solutions, including plastics, flexible packaging, and protective materials. Leading companies invest significantly in research and development to drive innovation in packaging materials. This includes the development of advanced materials, intelligent packaging solutions, and sustainable alternatives to meet evolving industry demands.
Packaging Materials Market Companies
Major players operating in the packaging materials industry include
- Amcor
- Ball Corporation
- Crown Holding
- International Paper Company
- Mondi
- Owens-Illinois
- Reynolds Group
- Sealed Air
- Stora Enso
- Berry Plastics
Packaging Materials Industry News
- In 2023, Mondi's EcoBarrier Nature launched innovative new paper-based barrier packaging solution for food offers strong moisture and grease resistance without traditional plastic coatings, targeting sustainability-conscious consumers.
- In October 2019, Sealed Air Corporation, a packaging solutions company, acquired Automated Packaging Systems, a leader in automated bagging solutions. This acquisition strengthened Sealed Air's capabilities in automation and sustainable packaging.
- In 2022, Sealed Air's Cryovac Stealth Shield launched advanced film solution for protein packaging extends shelf life and reduces food waste, catering to the growing demand for fresh and convenient food options.
The packaging materials market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
Market, by material
- Paper & cardboard
- Rigid plastics
- Metal
- Flexible plastics
- Glass
- Wood
- Textiles
- Others
Market, by Product
- Bottles & cans
- Containers & jars
- Bags, pouches, & wraps
- Closures & lids
- Boxes & crates
- Drums & IBCs
- Others
Market, by end-use
- Food
- Beverage
- Healthcare
- Cosmectics
- Household products
- Chemicals
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- Saudi Arabia
- UAE
- South Africa
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy