Plain Packaging Market
Growth Factors of Plain Packaging Market
The plain packaging market size was valued at USD 4.52 billion in 2023, and the market is now projected to grow from USD 4.64 billion in 2024 to USD 6.02 billion by 2032, exhibiting a CAGR of 3.30% during the forecast period of 2024-2032.
Pandemic had an extraordinary effect on several corporations worldwide, inclusive of the plain packaging marketplace. Disruptions in the international supply chain posed hurdles for the industry, just like different sectors. Closures or reduced potential at manufacturing web sites impacted packaging production and shipping.
Global guidelines have accelerated demand for compliant packaging, forcing producers to adapt their approaches. This is driven via the want for uniformity in anti-smoking initiatives. Governments and fitness corporations are enforcing regulations to discourage smoking, putting off branding elements and displaying graphic fitness warnings to reduce the visible enchantment of tobacco merchandise. These factors are rising as widespread plain packaging market growth drivers.
One major market development is the global growth of packaging restrictions. Global countries are exploring or implementing plain packaging restrictions for other potentially dangerous commodities, which were initially applied to tobacco products. Products such as alcohol, sugary drinks, and high-calorie foods are being examined for uniform packaging. This trend highlights the effectiveness of such packaging in reducing consumption and improving public health. As additional nations join the trend, demand for these packaging solutions is expected to rise, allowing firms to extend their product options and global reach.
Comprehensive Analysis of Plain Packaging Market
The market for packaging materials is segmented into paper & paperboard, plastics, and other materials. Paper & paperboard is the dominant segment due to their sustainability and high-quality printing capabilities. Plastics are preferred due to their durability and barrier properties. The market is divided into folding cartons, films & wraps, bags & pouches, and other types. Folding cartons provide structural integrity and protection, while films & wraps offer versatility for various product categories. Primary packaging is the largest, providing protection and information directly to consumers. Secondary packaging serves functional roles like grouping units and facilitating transportation, but has less emphasis on direct consumer interaction.
The Europe region lead the plain packaging market share by benefitting a market size of USD 2.01 billion in 2023 due to European countries, including France and the United Kingdom, have enacted or are exploring plain packaging restrictions for tobacco products. The regulatory environment in the European Union varies, with some countries adopting and others exploring such packaging requirements.
The global plain packaging market is fragmented and competitive, with key players like Amcor Limited, WestRock, Smurfit Kappa, Mondi Group, and Wadpack Pvt. Ltd. dominating by providing innovative packaging solutions. Other players focus on advanced packaging solutions. Key corporations encompass Amcor Plc, Smurfit Kappa, Mondi Group, Stora Enso, ITC Limited, LLFlex, Graphic Packaging International and Wadpack Pvt. Ltd.
In January 2024, WestRock Company announced intentions to growth a brand-new corrugated container mill in Pleasant Prairie, Wisconsin, to residence developing customer demand within the Great Lakes location. The commercial enterprise plans to shut its modern operation in North Chicago as soon as the new building is built.
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 3.30% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material
- Plastic
- Paper & Paperboard
- Others
By Product Type
- Folding Cartons
- Boxes
- Films & Wraps
- Bags & Pouches
- Others
By Packaging Type
- Primary
- Secondary
By Region
- North America (By Material, By Product Type, By Packaging Type, and Country)
- Europe (By Material, By Product Type, By Packaging Type, and Country)
- France
- U.K.
- Netherlands
- Hungary
- Belgium
- Denmark
- Ireland
- Norway
- New Zealand
- Slovenia
- Asia Pacific (By Material, By Product Type, By Packaging Type, and Country)
- Australia
- Singapore
- Myanmar
- Thailand
- Latin America (By Material, By Product Type, By Packaging Type, and Country)
- The Middle East & Africa (By Material, By Product Type, By Packaging Type, and Country)
- Saudi Arabia
- Israel
- Turkey
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