Packaging Industry Trends, Opportunities, Growth Analysis and Forecast to 2027
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Packaging Market Growth Analysis Report Overview
The packaging industry volumes mounted to 4.1 trillion units in 2022, mainly due to the rising popularity of affordable and sustainable packaging. Manufacturers are leveraging interactive and smart packaging solutions to enhance the customer purchase experience. QR codes and website links on packages redirect shoppers to company websites, enabling them to explore multiple marketing campaigns. Companies will leverage the digital footprints and tapping activities of these shoppers to understand their shopping behavior and consumer needs. These factors are expected to drive the packaging volumes to accelerate at a CAGR of more than 2% from 2022 to 2027.
Packaging Industry Outlook 2022-2027 (Trillion Units)
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The packaging industry research report provides an overview of the shift in the utilization of various pack materials in addition to key packaging innovations across key industries for the forecast period. The report also brings together multiple data sources to provide a comprehensive overview of the global packaging industry across 50 countries. The report covers volume data and regional growth rate analysis for key pack materials used by consumers and leading manufacturers.
Market Size (2022) | 4.1 trillion units |
CAGR (2022-2027) | >2% |
Key Regions | · Asia-Pacific
· Americas · Middle East & Africa · Western Europe · Eastern Europe |
Key Pack Material | · Flexible Packaging
· Rigid Plastics · Paper & Board · Rigid Metal · Glass |
Key Sectors | · Food
· Non-Alcoholic Beverages · Alcoholic Beverages · Cosmetics and Toiletries · Household Products |
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Packaging Industry Segmentation by Region
Asia-Pacific held the largest regional packaging industry share during 2022
The key leading regions in the packaging industry are Asia-Pacific, Americas, Middle East & Africa, Western Europe, and Eastern Europe. In 2022, Asia-Pacific was the highest contributor in terms of packaging volumes.
Flexible packaging was the most used packing material in Asia-Pacific. The flexible packaging material will continue to retain its leading position in the market due to its major use in the food industry of APAC, which is the largest end-user. Food product manufacturers in APAC consider flexible packaging as an ideal choice due to factors such as low cost, multi-layer construct, and flexibility, which aid in keeping food products safe from harmful externalities and retaining their aroma.
Packaging Industry Analysis by Region, 2022 (%)
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Packaging Industry Segmentation by Sectors
The food sector led the packaging industry in 2022
The key industry sectors deploying innovative packaging solutions are food, alcoholic beverages, non-alcoholic beverages, cosmetics and toiletries, and household products among others. In 2022, the food sector dominated the packaging industry with flexible packaging registering the highest growth. The key sub-segments in the food sector are bakery & cereals, baby food, confectionery, dried food, beans & pulses among others. Of these, bakery & cereals was the largest volume share contributor.
Packaging Industry Analysis by Sector, 2022 (%)
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Packaging Industry Segmentation by Pack Material
In 2022, flexible packaging was the largest consumed pack material in terms of volume
The key pack materials in the packaging industry are flexible packaging, rigid metal, rigid plastics, paper & board, and glass. Flexible packaging accounted for the highest volume share in 2022. This packaging will remain the dominant pack material during the projected period. The high demand for pack material is owing to the rising requirement for print-friendly and lightweight packaging materials, especially among pet care owners.
Packaging Industry Analysis by Pack Material, 2022 (%)
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Latest Innovations and Developments
- WTH Foods, a food technology startup based in the Philippines, has launched a 100% frozen plant-based meat line called Umani. Umani fish-free tuna in black pepper and chilli oil comes in 130g of sealed plastic packaging, which allows the consumers to use the tuna and reseal and keep it in the freezer without a need for a separate container.
- Plum Soft Blend has introduced a weightless foundation in halo sand, natural beige, pinched blush, Sunkissed gold, sunset bronze, tan glow, and divine dusk variants. The product is available in 30ml glass bottle. The bottle packaging is lightweight and can be easily carried while traveling.
Segments Covered in this Report
Packaging Industry Regional Outlook (Volume, Billion Units, 2017-2027)
- Asia-Pacific
- Americas
- Middle East & Africa
- Western Europe
- Eastern Europe
Packaging Industry Sector Outlook (Volume, Billion Units, 2017-2027)
- Food
- Non-Alcoholic Beverages
- Alcoholic Beverages
- Cosmetics and Toiletries
- Household Products
Packaging Industry Pack Material Outlook (Volume, Billion Units, 2017-2027)
- Flexible Packaging
- Rigid Plastics
- Paper & Board
- Rigid Metal
- Glass
Scope
This report brings together multiple data sources to provide a comprehensive overview of the global packaging industry. It includes an analysis of the following:
- Global overview: Provides an overview of the packaging industry at the global level. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East & Africa, the Americas, Western Europe, and Eastern Europe-highlighting key sectors and growth drivers.
- Market overview: Provides an overview of the usage of different pack materials across Food, alcoholic beverages, non-alcoholic beverages, cosmetics & toiletries, pet care, paints & stains, tobacco and tobacco products, and household products industries in terms of the number of units, packaging share and growth rates during 2017–27, in addition to key packaging innovations for pack materials analyzed. The report also provides an overview of the shift in the utilization of various pack materials across industries during 2022–27.
- Key pack materials: Includes data and analysis – number of units (millions), growth rates – for 5 pack materials viz. rigid plastics, rigid metal, glass, paper & board, flexible packaging, and others (other than the aforementioned five types) during 2022–27. It also covers:
- Pack sub-type: Includes aerosol – metal, box – rigid plastic, carton – carton board, box – liquid packaging board, box – other material, foil – aluminum, pod – paper, flexible plastic, tray – aluminum, tube – flexible plastic, other flexible packaging pack types – all sub-types, HDPE, PET, etc.
- Pack type: Includes aerosol, bag-in-box, bag/sachet, blister pack, bottle, box, bubble top, can, carton–folding, carton–liquid, clamshell, etc.
- Closure material: Includes metal, plastic, glass, natural cork, synthetic cork, and others.
- Closure type: Includes cap, crown, dispenser, film, flip/snap top, foil, lever closure, plastic tie, prize off, screw top, sports cap, stopper, twist off.
- Primary outer material: Includes flexible packaging, board, rigid plastic, and others.
- Primary outer type: Includes bag, blister pack, carton–folding, shrink wrap, sleeve, and others.
Key Highlights
Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the industry
The report provides a detailed analysis of the countries in the region, covering the key challenges and growth analysis, that can help companies gain insight into the country specific nuances
The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
Reasons to Buy
- Get the latest information on how the market is evolving to formulate sales and marketing strategies. We also offer authentic market data with a high level of detail.
- Get up-to-date information and analysis to uncover emerging opportunities for growth within the industry globally.
- Get a detailed analysis of the countries in specific regions, covering the key challenges, and future growth opportunities that can help companies gain insight into the country/region-specific nuances.
- Understand the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
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Frequently asked questions
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What was the packaging industry volume size in 2022?
The packaging industry volumes mounted to 4.1 trillion units in 2022.
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What will be the CAGR of the packaging industry from 2022 to 2027?
The packaging industry will witness an accelerating CAGR of more than 2% from 2022 to 2027.
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Which was the leading pack material in the packaging industry during 2022?
In 2022, flexible packaging was the largest consumed pack material in terms of volume.
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Which region dominated the packaging industry in 2022?
Asia-Pacific was the leading regional segment in the packaging industry during 2022.
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Which was the sector with the highest packaging industry volumes in 2022?
The food sector led the packaging industry in 2022.
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