Custom Packaging Market

Custom Packaging Market

Growth Factors of Custom Packaging Market

The global custom packaging market size was valued at USD 43.88 billion in 2023 and is projected to grow from USD 45.92 billion in 2024 to USD 71.10 billion by 2032, exhibiting a CAGR of 5.62% during the forecast period of 2024-2032.

The COVID-19 pandemic disrupted delivery chains within the custom packaging marketplace. Still, it boosted demand due to the rise in e-trade and the want for secure, hygienic packaging, especially in the meals and healthcare sectors, impeding the custom packaging market growth.

The primary growth drivers of the custom packaging market are the emerging e-commerce segment, a rising need for eco-friendly and green packaging, and consumers' trend towards using packaging that helps brands stand out and attracts more consumer attention.

There may well be various reasons for the increased appeal of custom packaging, yet incorporating personalized packaging inside the general custom packaging platform allows the manufacturer to offer their clientele an unforgettable impression. When manufacturers develop specifically developed designs, they may be able to sell the package to specific options or a particular advertisement plan, thereby increasing the custom packaging market share worldwide. A similar applies to digital printing, which supports personalization by manufacturing customized packaging products in small batches, thus making them available to corporations.

Comprehensive Analysis of Custom Packaging Market

The custom packaging marketplace is segmented through cloth, packaging kind, and give-up-person industries. Paper and paperboard dominate the material phase due to their cost-effectiveness, sustainability, and capacity to enhance product attraction. Regarding packaging type, containers lead the market by offering attractive presentation and robust product safety. They also support custom-designed designs, making them famous in diverse industries. The consumer section, the food & beverage zone, holds the most significant share, pushed through by developing a call for processed foods and liquids, in which custom packaging enables the beautification of logo visibility and product differentiation.

The North America region led the custom packaging market by benefitting a size of USD 17.49 billion in 2023 due to increasing demand for appealing packaging answers from the cosmetic enterprise; regional marketplace boom is predicted to accelerate.

The leading players in the custom packaging market play a crucial role in shaping its growth trajectory and setting industry standards. Key companies, including Smurfit Kappa Group (Ireland), Glenroy Inc. (U.S.), ProAmpac (U.S.), Owens Illinois (U.S.), Packlane (U.S.), Huhtamaki (Finland), PakFactory (Canada), DS Smith (U.K.), Westrock Company (U.S.), and International Custom Packaging (U.S.), contribute to a competitive landscape that drives innovation and market advancement, helping to meet the evolving demands across various sectors.

In January 2023, BRANDMYDISPO, a packaging enterprise, discovered the creation of its custom Mylar bag design services at no extra fee. The organization also emphasized that the custom Mylar bags are designed with a focal point on sturdiness and lengthy-lasting use.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.62% from 2024-2032

Unit Value (USD Billion)

Segmentation By Material

Paper & Paperboard

Plastic

Metal

Glass

By Packaging Type

Boxes

Bottles

Containers & Jars

Bags & Pouches

Corks

Cartons

Mailers

Others

By End User

Food & Beverages

Electrical & Electronics

Healthcare

Personal Care & Cosmetics

Consumer Goods

Fashion Accessories & Apparel

Others

By Region

North America (By Material, By Packaging Type, By End User, and Country)

• U.S. (By Material)
• Canada (By Material)

Europe (By Material, By Packaging Type, By End User, and Country)

• Germany (By Material)
• France (By Material)
• U.K. (By Material)
• Italy (By Material)
• Spain (By Material)
• Russia (By Material)
• Rest of Europe (By Material)

Asia Pacific (By Material, By Packaging Type, By End User, and Country)

• China (By Material)
• India (By Material)
• Japan(By Material)
• Australia (By Material)
• Southeast Asia (By Material)
• Rest of Asia Pacific (By Material)

Latin America (By Material, By Packaging Type, By End User, and Country)

• Brazil (By Material)
• Mexico (By Material)
• Rest of Latin America (By Material)

The Middle East & Africa (By Material, By Packaging Type, By End User, and Country)

• GCC (By Material)
• South Africa (By Material)
• Rest of the Middle East & Africa (By Material)


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