Plastic Packaging Market Size & Share Report, 2020-2027

Packaging Market

The Packaging Market is estimated to expand at a significant CAGR over the forecast period (2020-2027).

The factors driving the growth of Packaging Market increasing use of packaging in the end-use industries such as Food and Beverages and Pharmaceuticals, rising acceptance towards digital printing and growing trend of contactless delivery in the e-commerce industry. According to the report published by Statista, the revenue generated by the E-commerce industry worldwide is estimated around USD 4.23 trillion for 2022 and the market volume is predicted to reach USD 5.88 trillion by 2025, growing at a CAGR of 11.58%, over the forecast period (2022-2025), which will boost the market growth in the approaching years. Moreover, growing focus on manufacturing environment friendly packaging solutions, rise in the number of third-party logistics companies and food service suppliers and Government policies regarding recycling of plastics and metals, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rise in the internet penetration rates, rapid urbanization and growing population growth rates, are further contributing to the market growth.

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However, the growth of Packaging Market is hindered due to strict regulations on the single-use plastics worldwide.

The leading players operating in the market are Amcor Limited, Mondi, ProAmpac., Berry Plastics Group Inc., Coveris Holdings S.A., Ball Corporation, Reynolds Group Holdings, Bemis Company Inc., Crown Holdings and Sealed Air Corporation, among others.

Material: Segment Analysis

Based on Material, the Paper & Paperboard segment is predicted to expand at a significant CAGR over the forecast period growing demand for paper and paperboard packaging such as folding, and protective mailers.

Function: Segment Analysis

As per the Packaging Market Research, the Cushioning segment is estimated to hold the highest market share over the forecast period because it minimizes the effect of sudden shocks during mobilizing containers.

Application: Segment Analysis

Based on Application, the Food and Beverage segment is expected to grow at a remarkable CAGR during the forecast period owing rise in the demand for convenient food products and increase in the volumes of online food deliveries.

Regional: Segment Analysis

Based on Region, the Asia-Pacific region is expected to capture the largest market share during the forecast period. Rapid growth in the food and beverage industry, growing adoption of advanced packaging techniques, rise in the internet penetration rates and increasing disposable incomes are some of the important factors augmenting the market growth in Asia-Pacific.

Market Segmentation

Global Packaging Market by Material

  • Paper & Paperboard

  • Rigid Plastics

  • Flexible

  • Metal

  • Glass

  • Others

Global Packaging Market by Function

  • Cushioning

  • Blocking & Bracing

  • Void-fill

  • Insulation

  • Wrapping

  • Others

Global Packaging Market by Application

  • Food and Beverage

  • Healthcare

  • Cosmetics

  • Industrial

  • Others

Global Packaging Market by Region

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of APAC

  • North America

    • United States of America

    • Canada

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Rest of Europe

  • RoW

    • Brazil

    • South Africa

    • Saudi Arabia

    • UAE

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