Packaging Market

Global Packaging Market by Products (Crates/Totes, Drums, IBCs, Pails, and Sacks), Materials (Fiber, Metal, Paperboard, Plastic, and Wood), Applications (Automobile, Agriculture & Horticulture, Building & Construction, Chemical & Pharmaceutical, Engineering, Food & Beverage, Metal Products, Oil & Lubricant, Plastics & Rubber, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: MC-4387
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 32
  • No. Of Pages: 145
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The global packaging market is projected to expand at a robust CAGR during the forecast period, between 2021 and 2028. Packaging refers to the wrapping or bottling of products in order to protect them from damage during transportation and storage. It preserves a product safe and marketable while also assisting in the description, identification, and promotion of the product. Industrial items are bulky, heavy, sensitive to external atmosphere, and environmentally dangerous. As a result, it is important to preserve the product for a longer period of time during transit and storage, particularly with hermetically sealed packaging that is protected from external contamination. Industrial packaging differs from other types of packaging in terms of strength, thickness, and amount of protection provided for long-term storage.

Packaging Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing building & construction activity is one of the primary factors driving the market.
  • Growth in the food and beverage sector to meet the need of a growing population fuels the market.
  • Increasing growth of exports, which necessitates superior packaging requirements for the international market, is one of the key factors projected to drive the market.
  • Rising demand for recycled and sustainable packaging for healthcare, food, and homecare, and personal applications are projected to boost the market.
  • Rising raw material costs and rapidly changing technologies restrain the market.
  • Rising packaging technologies provide immense opportunities for market expansion.

Scope of the report:

The report on the packaging market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Products (Crates/Totes, Drums, IBCs, Pails, and Sacks), Materials (Fiber, Metal, Paperboard, Plastic, and Wood), Applications (Automobile, Agriculture & Horticulture, Building & Construction, Chemical & Pharmaceutical, Engineering, Food & Beverage, Metal Products, Oil & Lubricant, Plastics & Rubber, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

Vetter Pharma International; Sealed Air Corporation; International Paper; WestRock Company; Amcor plc; Oji Holdings Corporation; BALL CORPORATION; Smurfit Kappa; Stora Enso; and Constantia Flexibles

 

Packaging Market Segment Insights:

The crates/totes segment is projected to hold significant market share

Based on products, the packaging market can be segmented into crates/totes, drums, IBCs, pails, and sacks. The crates/totes segment is projected to hold significant market share. Advances in the consumer goods and food import and export industries, as well as growing technological explorations, are expected to drive the segment during the forecast period, in addition to the wide range of applications of crates packaging in an enormous range of products such as vegetables, fruits, glassware, meat, antiques, utensils, and more. Increasing adoption for crates packaging in agrochemical, cosmetics, pharmaceutical, and other applications is likely to drive the market during projected period.

Packaging Market by products

The paperboard segment is anticipated to account for a substantial share

On the basis of materials, the market can be fragmented into fiber, metal, paperboard, plastic, and wood. The paperboard segment is anticipated to account for a substantial share, due to its recyclable and eco-friendly nature, low carbon footprint, and adaptability, it is suitable for use in food packaging. The key factor driving the market is increased use of paper in the packaging of various easily eatable foods, drinks, and fresh vegetables.

The food & beverage segment is estimated to expand at a high CAGR

In terms of applications, the packaging market can be segregated into automobile, agriculture & horticulture, building & construction, chemical & pharmaceutical, engineering, food & beverage, metal products, oil & lubricant, plastics & rubber, and others. The food & beverage segment is estimated to expand at a high CAGR during the forecast period. Fruits & vegetables have perishable features because they degrade when exposed to moisture, hence they require flexible packaging. Changing consumer lifestyle, as well as increased consumption of sausages, bread, and other snacks, is projected to drive the segment.

Asia Pacific is expected to dominate the market

In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market, due to expanding urban population and retail infrastructure development, which is likely to support China, Japan, and India's growing demand for packaged goods. Growing disposable income and customer need for environment friendly packaging that is easy to handle and inexpensive is anticipated to drive the market.

Packaging Market by regions

Segments

By Products
  • Crates/Totes
  • Drums
  • IBCs
  • Pails
  • Sacks
By Materials
  • Fibre
  • Metal
  • Paperboard
  • Plastic
  • Wood
By Applications
  • Automobile
  • Agriculture & Horticulture
  • Building & Construction
  • Chemical & Pharmaceutical
  • Engineering
  • Food & Beverage
  • Metal Products
  • Oil & Lubricant
  • Plastics & Rubber
  • Others
By Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
By Key Players

Competitive Landscape

Key players in the packaging market include Vetter Pharma International; Sealed Air Corporation; International Paper; WestRock Company; Amcor plc; Oji Holdings Corporation; BALL CORPORATION; Smurfit Kappa; Stora Enso; and Constantia Flexibles. These players are actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Packaging Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Packaging Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Packaging Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Packaging Market - Supply Chain
  4.5. Global Packaging Market Forecast
     4.5.1. Packaging Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Packaging Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Packaging Market Absolute $ Opportunity
5. Global Packaging Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Packaging Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Packaging Demand Share Forecast, 2019-2026
6. North America Packaging Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Packaging Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Packaging Demand Share Forecast, 2019-2026
7. Latin America Packaging Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Packaging Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Packaging Demand Share Forecast, 2019-2026
8. Europe Packaging Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Packaging Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Packaging Demand Share Forecast, 2019-2026
9. Asia Pacific Packaging Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Packaging Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Packaging Demand Share Forecast, 2019-2026
10. Middle East & Africa Packaging Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Packaging Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Packaging Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Packaging Market: Market Share Analysis
  11.2. Packaging Distributors and Customers
  11.3. Packaging Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Vetter Pharma International
     11.4.2. Sealed Air Corporation
     11.4.3. International Paper
     11.4.4. WestRock Company
     11.4.5. Amcor plc
     11.4.6. Oji Holdings Corporation
     11.4.7. BALL CORPORATION
By Products
  • Crates/Totes
  • Drums
  • IBCs
  • Pails
  • Sacks
By Materials
  • Fibre
  • Metal
  • Paperboard
  • Plastic
  • Wood
By Applications
  • Automobile
  • Agriculture & Horticulture
  • Building & Construction
  • Chemical & Pharmaceutical
  • Engineering
  • Food & Beverage
  • Metal Products
  • Oil & Lubricant
  • Plastics & Rubber
  • Others
By Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
By Key Players

Key players in the packaging market include Vetter Pharma International; Sealed Air Corporation; International Paper; WestRock Company; Amcor plc; Oji Holdings Corporation; BALL CORPORATION; Smurfit Kappa; Stora Enso; and Constantia Flexibles. These players are actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Packaging Market by key players

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