According to Fortune Business Insights, the global secondary packaging market size was valued at USD 501.27 billion in 2023 and is projected to grow from USD 519.41 billion in 2024 to USD 720.70 billion by 2032, exhibiting a CAGR of 4.18% during the forecast period. Moreover, the secondary packaging market in the U.S. is projected to expand substantially, reaching USD 196.62 billion by 2032.
his growth is attributed to the increasing emphasis on branding, product protection, and logistics efficiency across various industries, including e-commerce and retail. North America dominated the secondary packaging market with a market share of 33.48% in 2023. The external packaging of primary packaging is known as secondary packaging. Growing usage of paper & paperboard materials and increased preference for sustainable packaging solutions are fostering market expansion.
Fortune Business Insights presents this information in their report titled "Secondary Packaging Market, 2025–2032."
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List of Key Players Profiled in the Market Report
Amcor plc (Switzerland)
International Paper Company (U.S.)
Berry Global Inc. (U.S.)
Mondi (U.K.)
DS Smith (U.K.)
WestRock (U.S.)
Crown Holdings Inc. (U.S.)
UFP Industries, Inc. (U.S.)
Graphic Packaging International, LLC (U.S.)
Huhtamaki Oyj (Finland)
Packaging Corporation of America (U.S.)
Rengo Co. Ltd. (Japan)
Sealed Air Corp. (U.S.)
Segments
Paper and Paperboard Segment Dominates the Market as They are 100% Recyclable
By material, the market is divided into plastic, paper & paperboard, metal, and others. The paper and paperboard segment holds the highest secondary packaging market share as they are 100% recyclable and do not damage the environment. Increased usage of high demand for boxes and cartons is boosting segment expansion.
Boxes & Cartons Gain Popularity as They are Eco-friendly and Highly Durable
On the basis of product type, the market is categorized into films & wraps, mailers, boxes & cartons, labels, bags & pouches, protective packaging products, and others. Boxes & cartons command the global market as they are the most famous types of product packaging and are widely utilized to transport anything. Boxes & cartons are gaining traction as they are eco-friendly, highly durable, appealing, and customizable.
Rapid Change in Consumer Lifestyles Boosts Secondary Packaging Demand in the Food and Beverage Sector
Based on the end-use industry, the market is segmented into food & beverages, e-commerce, healthcare, electricals & electronics, personal care & cosmetics, automotive, building & construction, and others. The food and beverages segment dominates the market due to rapid changes in consumer lifestyles and purchasing behavior. Surging demand for convenient food products is also driving segment growth.
From the regional ground, the market is classified into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa
Report Coverage
The market research report presents a complete market examination, highlighting essential elements, including the competitive environment and noticeable product categories. Furthermore, the report provides valuable insights on market trends and significant industry developments. Apart from the factors above, the report includes several aspects that have fostered market expansion in recent times.
Drivers and Restraints
Rapid Expansion of the E-commerce Sector Propels Market Growth
The rapid expansion of the e-commerce industry is boosting the adoption of boxes, cartons, and other products across the globe. Secondary packages are crucial in keeping transit packaging smooth for creators of essential products, including packaging for food, medical, consumer goods, and pharmaceutical products. The demand for food, specifically from online outlets, is rising enormously. Increased demand for secondary packaging is attributed to the growing emphasis on online food delivery and online shopping of essential products by millennials and the working women population. This factor fosters global secondary packaging market growth.
Nevertheless, varying prices of raw materials are impeding market growth.
Regional Insights
Rising Preference for Online Food Delivery in the U.S. Augments Market Growth in North America
North America emerges as a leading region in the global market due to the rapid expansion of the food and beverages sector. Rising preference for online food delivery, especially in the U.S., is also driving market expansion in the region.
Europe is the second-ruling region in the global market owing to increased focus on sustainability due to rising concerns around the environment. Surging adoption of environmentally friendly packaging solutions propels market growth in the region.
Competitive Landscape
Key Players Offer Innovative Packaging Solutions to Boost Their Market Positions
Some of the key players in the market are Amcor plc, International Paper Company, Berry Global Inc., Mondi, DS Smith, and WestRock. Top secondary packaging solution providers reign supreme in the market by offering innovative packaging solutions.
Information Source: https://www.fortunebusinessinsights.com/secondary-packaging-market-107321
Key Industry Development
May 2024 – Mondi declared the launch of a new secondary paper packaging solution, TrayWrap, that replaces plastic shrink film utilized for bundling food and beverage products. The new sustainable packaging option is developed using Mondi’s Advantage StretchWrap range and is majorly utilized by a coffee brand in Sweden to safeguard 12 coffee packages for transportation purposes.
September 2023 – Tetra Pak, a world-renowned leader in paper-based carton packaging, teamed up with Flow Beverage, the largest carton water brand in North America, and Live Nation Canada. Together, they unveiled new carton designs that showcase Tetra Pak Custom Printing. It is the "one-of-a-kind" inkjet-based system that enables brands to create premium, tailor-made, and affordable packaging solutions.