How big is the Packaging Market?

The Packaging Market size is expected to reach USD 1.14 trillion in 2024 and grow at a CAGR of 3.89% to reach USD 1.38 trillion by 2029. Read More

What is the current Packaging Market size?

In 2024, the Packaging Market size is expected to reach USD 1.14 trillion. Read More

Who are the key players in Packaging Market?

Gerresheimer AG, Amcor Group GmbH, Huhtamaki Oyj, Mondi plc and Berry Global Group, Inc. are the major companies operating in the Packaging Market. Read More

Which is the fastest growing region in Packaging Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Packaging Market?

In 2024, the Asia Pacific accounts for the largest market share in Packaging Market. Read More

What years does this Packaging Market cover, and what was the market size in 2023?

In 2023, the Packaging Market size was estimated at USD 1.10 trillion. The report covers the Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What drives the Global Packaging Market growth?

The key factors driving the Global Packaging Market are: a) Rising demand for e-commerce b) Changing consumer preferences c) Increasing Demand for Sustainable and Recyclable Packaging Read More

Packaging Market - Industry Overview, Size & Report

Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Packaging Industry Growth & Outlook and It is Segmented by Packaging Type (Plastic Packaging (Rigid Plastic Packaging (Material Type, Product Type, End-User Industry, Region) Flexible Plastic Packaging (Material Type, Type, End-User Industry, Region)) Paper and Paperboard (Product Type, End-User, Region), Metal Packaging (Product Type, Region), Container Glass (End-User, Region).

Packaging Industry Overview

The global packaging industry appears fragmented due to several vendors. Some leading players in the are Amcor Group GmbH, Berry Global Group, Inc., International Paper Company, Mondi Group, and others. In the global packaging market, key factors include sustainable competitive advantages driven by innovation, market penetration levels, exit barriers, advertising expenditure, competitive strategy, and firm concentration ratios. Players in this market leverage innovation for a competitive edge. The material specifications, especially in plastic packaging, offer ample room for product differentiation.

June 2024 - Berry Global Group Inc. launched a new offering: a rectangular Domino bottle tailored for the beauty, home, and personal care sectors. This bottle is manufactured from up to 100% post-consumer recycled (PCR) plastic. The 250ml Domino bottle boasts a distinctive 75-millimeter-wide front panel, complemented by customizable side panels.
June 2024 - Smurfit Kappa, a sustainable packaging solutions provider, has acquired Artemis Ltd, a Bag-in-Box packaging facility in Shumen, Bulgaria. Specializing in food and beverage packaging, Artemis manufactures bags for bag-in-box items and produces films and caps tailored to the wine industry.
April 2024 - Amcor, a global provider of sustainable packaging solutions, launched a product: a one-liter polyethylene terephthalate (PET) bottle designed specifically for carbonated soft drinks (CSDs). It's manufactured entirely from 100% post-consumer recycled (PCR) materials. By offering this pioneering stock option, Amcor underscores its commitment to sustainability and empowers its customers to align with their eco-conscious goals.