Global Packaging Market 2023-2029

The global packaging market was valued at USD 975.0 billion in 2022 to USD 1,371.0 billion by 2029, progressing at a CAGR of 5.02% from 2023 to 2029, according to the latest market study results. Packaging refers to the materials used to enclose and protect products during storage, transportation, and sale. It can be made of various materials such as paper, plastic, glass, metal, or a combination of these. Packaging serves several purposes, including protecting the product from damage, providing information about the product, and enhancing the product's appearance. It can also play a role in marketing and branding by helping to differentiate a product from its competitors. Sustainable and eco-friendly packaging solutions are becoming increasingly popular in response to environmental concerns.Packaging refers to the materials used to enclose and protect products during storage, transportation, and sale. It can be made of various materials such as paper, plastic, glass, metal, or a combination of these. Packaging serves several purposes, including protecting the product from damage, providing information about the product, and enhancing the product's appearance. It can also play a role in marketing and branding by helping to differentiate a product from its competitors. Sustainable and eco-friendly packaging solutions are becoming increasingly popular in response to environmental concerns.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global packaging market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors' approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the material, application, end user, and region. The global market for packaging can be segmented by material: flexible packaging, rigid plastic packaging, board packaging, metal packaging, glass, others. The board packaging segment held the largest revenue share in 2022. Packaging market is further segmented by application: primary packaging, secondary packaging, end-of-line packaging. Among these, the primary packaging segment was accounted for the highest revenue generator in 2022. Based on end user, the packaging market is segmented into: food, beverages, healthcare, cosmetics, consumer goods, industrial, others. The food segment captured the largest share of the market in 2022. On the basis of region, the packaging market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, Asia-Pacific had the largest share in the global packaging market.

The flexible packaging market is further segmented into flexible plastic packaging, flexible paper packaging, flexible foil packaging. Globally, the flexible plastic packaging segment made up the largest share of the packaging market. Furthermore, the board packaging market has been categorized into folding carton, liquid packaging board. The folding carton segment was the largest contributor to the global packaging market in 2022. The metal packaging market is further divided into beverage cans, aerosols, food cans. The beverage cans segment is estimated to account for the largest share of the global packaging market. The beverages market is further segmented into soft drink, alcoholic drink, hot drink. Globally, the soft drink segment made up the largest share of the packaging market. Furthermore, the consumer goods market has been categorized into household, electronics, tobacco & cigarettes, others. The household segment was the largest contributor to the global packaging market in 2022.

Market Segmentation
By material: flexible packaging, rigid plastic packaging, board packaging, metal packaging, glass, others
By application: primary packaging, secondary packaging, end-of-line packaging
By end user: food, beverages, healthcare, cosmetics, consumer goods, industrial, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report has also analysed the competitive landscape of the global packaging market with some of the key players being ALPLA Group, Amcor plc, Ball Corporation, Berry Global Group, Inc., Coveris Group, Crown Holding Incorporated, Graphic Packaging International, Inc., International Paper Company, Mondi plc, O-I Glass, Inc., Oji Holdings Corporation, Reynolds Holdings Ltd., Sealed Air Corporation, Smurfit Kappa Group plc, Stora Enso Oyj, Tetra Laval Group, WestRock Company, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global packaging market.
• To classify and forecast the global packaging market based on material, application, end user, region.
• To identify drivers and challenges for the global packaging market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global packaging market.
• To identify and analyze the profile of leading players operating in the global packaging market.

Why Choose This Report
• Gain a reliable outlook of the global packaging market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.