Packaging Solutions Market By Material (Paper and Paperboard, Plastic, Metal, Glass, Others), By Packaging type (New, Recycled), By End-user industry (Food and beverage, Healthcare, Personal care, Industrial, Other consumer goods): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global packaging solutions market was valued at $1,013.8 billion in 2021, and is projected to reach $1,559.0 billion by 2031, registering a CAGR of 4.3% from 2022 to 2031. Packaging solutions involve covering the product with a protective and informative layer that will keep it safe during handling, storage, and transportation while also giving all parties involved vital information about the contents of the package.
The most common forms of packaging include paper and carton packaging, film packaging, foam packaging, textile packaging, and plastic boxes and containers. Because it is used to bend, cover, and protect boxes, packaging films are typically widely used as various applications of packaging.
The rise in demands for packaging in food & beverages and cosmetic & personal care products industries has significantly increased worldwide. The demand for packaged food is rising as urbanization keeps expanding and a millennial population increases, which is overly reliant on packaged food due to their busy and modern lifestyles. In both developed and emerging countries, the cosmetics industry is expanding significantly. However, government regulations against non-ecofriendly packaging is a major restraint in the growth of the market. Furthermore, development of paper & paperboard and metal packaging provide lucrative opportunities for the growth of the market.
The packaging solutions market is segmented on the basis of material, packaging type, end-user industry and region. By material, it is divided into paper & paperboard, plastic, metal, glass and others. By packaging type, it is categorized into new and recycled. By end-user industry it is divided into food & beverages, healthcare, personal care, industrial and other consumer goods. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
The major market participants profiled in this report include Amcor PLC, Ball Corporation, Crown Holdings, Inc., DS Smith Plc, International Paper Company, Mondi Group, Sealed Air Corporation, Silgan Holdings Inc., Smurfit Kappa Group PLC and WestRock Company.
Key Benefits For Stakeholders
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In-depth market global packaging solutions market analysis is conducted by constructing market estimations for key market segments between 2021 and 2031.
Extensive analysis of packaging solutions market is conducted by following key product positioning and monitoring of top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
Packaging solutions market forecast analysis from 2022 to 2031 is included in the report.
The key players within packaging solutions market are profiled in this report and their strategies are analysed thoroughly, which help understand the competitive outlook of packaging solutions industry.
Key Market Segments
By Material
Paper and Paperboard
Plastic
Type
Rigid
Flexible
Metal
Glass
Others
By Packaging type
New
Recycled
By End-user industry
Food and beverage
Healthcare
Personal care
Industrial
Other consumer goods
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Crown Holdings, Inc.
Mondi Group
Smurfit Kappa Group PLC
DS Smith Plc
WestRock Company
Amcor PLC
Sealed Air Corporation
Ball Corporation
Silgan Holdings Inc.
International Paper Company
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