Global Packaging Materials Market, By Material (Paper and Paperboard, Rigid Plastics, Metals, Flexible Plastics, Glass, Wood, Textiles, Wax, Leather and Others), Product (Containers and Jars, Bags, Pouches and Wraps, Closures and Lids, Boxes and Crates, Drums and IBCs and Others), Packaging Technique (Primary Packaging, Secondary Packaging and Tertiary Packaging), End User Industries (Food and Beverages, Healthcare, Cosmetics, Household Products, Chemicals, Electrical and Electronics and Others) - Industry Trends and Forecast to 2023 to 2030.
Packaging Materials Market Analysis and Size
The essential factors contributing to the growth of the global packaging materials market in the forecast period of 2023 to 2020 include rising awareness regarding food safety and convenience, increasing concerns for sustainability and eco-friendly packaging and rise in spending in R&D for technological advancements.
Data Bridge Market Research analyses that the global packaging materials market which was USD 1,135.33 billion in 2022, is expected to reach USD 1,419.50 billion by 2030, growing at a CAGR of 2.9% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Packaging Materials Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Material (Paper and Paperboard, Rigid Plastics, Metals, Flexible Plastics, Glass, Wood, Textiles, Wax, Leather and Others), Product (Containers and Jars, Bags, Pouches and Wraps, Closures and Lids, Boxes and Crates, Drums and IBCs and Others), Packaging Technique (Primary Packaging, Secondary Packaging and Tertiary Packaging), End User Industries (Food and Beverages, Healthcare, Cosmetics, Household Products, Chemicals, Electrical and Electronics and Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Amcor plc (Switzerland), Honeywell International Inc. (U.S.) ,Alcoa Corporation (U.S.), Bemis Manufacturing Company (U.S.), Graham Packaging Company (U.S.), CKS Packaging, Inc. (U.S.), ProAmpac (U.S.), Mondi (Austria), Berry Global Inc. (U.S.), AVERY DENNISON CORPORATION (U.S.), Bayer AG (Germany), Tetra Pak Group (Sweden), InMat Inc. (U.S.), Avient Corporation (U.S.), A-ROO COMPANY LLC. (U.S.), FlexPak Services (U.S.), Amerplast (Finland), Ajover S.A.S. (Colombia), Oliver Packaging & Equipment Company (U.S.), Sealed Air (U.S.), and 3M (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Packaging materials are materials used to enclose, protect, and present products for storage, distribution, sale, and use. They serve a crucial role in various industries, including food and beverages, pharmaceuticals, cosmetics, electronics, and more. Packaging materials come in a wide range of types, each with its own characteristics and suitability for different applications.
Global Packaging Materials Market Dynamics
Drivers
- Rising Awareness Regarding Food Safety and Convenience
Consumer demand for safe and convenient food packaging has driven innovations in packaging materials. Materials that extend shelf life, provide tamper-evident features, and offer easy-open and resealable options are in high demand. In addition, the packaging materials market growth is anticipated to be aided by their expanding use for ec0-friendly packaging materials in the food industry.
- Increasing Concerns for Sustainability and Eco-Friendly Packaging
The market for packaging materials is anticipated to develop as a result of rising demand for packaging materials as consumers and regulatory authorities are increasingly concerned about the environmental impact of packaging materials. This has led to a growing demand for sustainable and eco-friendly packaging solutions, such as biodegradable plastics, recyclable materials, and reduced packaging waste.
Opportunity
- Rise in Spending in R&D for Technological Advancements
Packaging materials have seen innovations driven by advances in materials science and manufacturing technologies. Smart packaging with features such as QR codes, near-field communication (NFC), and RFID tags for tracking and tracing products is gaining traction.
Restraint/Challenge
- Environmental Concerns and Awareness
Increased environmental awareness has led to restrictions on certain packaging materials, especially single-use plastics. Many regions have implemented bans or taxes on plastic packaging, which can negatively affect companies using these materials.
This global packaging materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global packaging materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In August 2023, Amcor plc, which is a global leader in developing and producing responsible packaging solutions, announced the North American launch of curbside-recyclable AmFiber Performance Paper packaging, a part of the company’s AmFiber portfolio. Prequalified by How2Recycle, performance paper meets the repulpability standards for curbside recycling, allowing brands to provide consumers with more sustainable end-of-life outcomes for packaging
- In May 2023, Alcoa Corporation announced that the Portland Aluminium joint venture in Victoria, Australia, which Alcoa operates, has been recognized for its environmental, social and governance (ESG) performance by the Aluminium Stewardship Initiative
Global Packaging Materials Market Scope
The global packaging materials market is segmented on the basis of material, product, packaging technique and end user industries. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
- Paper and Paperboard
- Rigid Plastics
- Metals
- Flexible Plastics
- Glass
- Wood
- Textiles
- Wax
- Leather
- Others
Product
- Containers and Jars
- Bags
- Pouches and Wraps
- Closures and Lids
- Boxes and Crates
- Drums and IBCs
- Others
Packaging Technique
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
End User Industries
- Food and Beverages
- Healthcare
- Cosmetics
- Household Products
- Chemicals
- Electrical and Electronics
- Others
Global Packaging Materials Market Regional Analysis/Insights
The global packaging materials market is analysed and market size insights and trends are provided by material, product, packaging technique and end user industries as referenced above.
The countries covered in the global packaging materials market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East and Africa
North America dominates the global packaging materials market. The market growth recently is being promoted by an increase in the export of various consumer products. Rising consumer preferences towards packaged food and cold food have induced the demand for packaging materials in this region.
Asia-Pacific is set to project the highest growth rate in the global packaging materials market during the forecast period of 2023 to 2030, due to the rapid growth and expansion of various end user industries in the business of consumer products. Rising personal disposable income is another indirect market growth determinant in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Packaging Materials Market Share Analysis
The global packaging materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global packaging materials market.
Some of the major players operating in the global packaging materials market are:
- Amcor plc (Switzerland)
- Honeywell International Inc. (U.S.)
- Alcoa Corporation (U.S.)
- Bemis Manufacturing Company (U.S.)
- Graham Packaging Company (U.S.)
- CKS Packaging, Inc. (U.S.)
- ProAmpac (U.S.)
- Mondi (Austria)
- Berry Global Inc. (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
- Bayer AG (Germany)
- Tetra Pak Group (Sweden)
- InMat Inc. (U.S.)
- Avient Corporation (U.S.)
- A-ROO COMPANY LLC. (U.S.)
- FlexPak Services (U.S.)
- Amerplast (Finland)
- Ajover S.A.S. (Colombia)
- Oliver Packaging & Equipment Company (U.S.)
- Sealed Air (U.S.)
- 3M U.S.)
SKU-