Service Packaging Market
Description
Service Packaging Market
Growth Factors of Service Packaging Market
The service packaging market size was valued at USD 115.70 billion in 2023, and the market is now projected to grow from USD 120.65 billion in 2024 to USD 173.77 billion by 2032, exhibiting a CAGR of 4.67% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted the market because of exertions shortages and raw material unavailability. While the food & beverage area saw slight increase, the pharmaceutical area remained resilient, pushed through the constant call for medicinal drugs. This growth in addition fueled the e-commerce enterprise, contributing to the general market enlargement.
The rise of e-commerce has significantly boosted the global packaging industry, driving demand for long lasting packaging solutions like luggage, pouches, and mailers. Increased online shopping has led manufacturers to put money into notable packaging to beautify brand reputation. Collaborations between main packaging and e-trade agencies are in addition fueling market growth. Additionally, the growth of online retail continues to contribute to the growth of the service packaging region.
The boom of food service packaging is driven with the aid of the ease and revel in presented by way of quick-provider restaurants, ranging from quality dining to meals vans. Convenience shops emphasize great, eco-friendly packaging to meet consumer needs. Leading international players focus on designing sustainable packaging that reduces meals and packaging waste, retaining herbal assets even as retaining product excellent.
Comprehensive Analysis of Service Packaging Market
The service packaging market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly offers a detailed nearby assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by material analysis, by product type analysis and by end use analysis. By material analysis include paper & paperboard, plastic, and others. By product type analysis include bags & pouches, boxes & cartons, trays & clamshells, films & wraps, mailers, and others. By end use analysis include consumer goods, personal care & cosmetics, food & beverages, fashion apparel & accessories, and others.
The Asia Pacific region lead the service packaging market share by benefitting a market size of USD 45.41 billion in 2023 due to rising online shopping trends in the region.
The top players in the market play a crucial role in the packaging industry assuring industrial prospectus growth and setting market standards. These players include, Amcor Ltd., Anchor Packaging, Nippon Paper Industries Co. Ltd., Sonoco Products Company, AptarGroup Inc, Crown Holdings, Inc, DS Smith Plc., Mondi Group, Graphic Packaging International Inc, International Paper, Smurfit Kappa Group, Huhtamaki these market players provide a level-playing competitive landscape.
In March 2024, IMEX Vision (IMEX) launched Adama, a sustainable range of paper cups made with APP Group’s Foopak Bio Natura base paper, free of PFAS, recyclable, and compostable.
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 4.67% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material
- Plastic
- Paper & Paperboard
- Others
- Bags & Pouches
- Boxes & Cartons
- Trays & Clamshells
- Films & Wraps
- Mailers
- Others
- Food & Beverages
- Consumer Goods
- Personal Care & Cosmetics
- Fashion Apparel & Accessories
- Others
- North America (By Material, Product Type, End Use, and Country)
- Canada (By End Use)
- Europe (By Material, Product Type, End Use, and Country)
- U.K. (By End Use)
- France (By End Use)
- Italy (By End Use)
- Spain (By End Use)
- Russia (By End Use)
- Poland (By End Use)
- Romania (By End Use)
- Rest of Europe (By End Use)
- Asia Pacific (By Material, Product Type, End Use, and Country)
- India (By End Use)
- Japan(By End Use)
- Australia (By End Use)
- Southeast Asia (By End Use)
- Rest of the Asia Pacific (By End Use)
- Latin America (By Material, Product Type, End Use, and Country)
- Mexico (By End Use)
- Argentina (By End Use)
- Rest of Latin America (By End Use)
- Middle East & Africa (By Material, Product Type, End Use, and Country)
- UAE (By End Use)
- Oman (By End Use)
- South Africa (By End Use)
- Rest of the Middle East & Africa (By End Use)
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Table of Contents
160 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porter’s Five Forces Analysis
- 4.5. Value Chain Analysis
- 4.6. Global Packaging Industry Outlook
- 4.7. Impact of COVID-19 on the Service Packaging Market
- 5. Global Service Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Material
- 5.2.1. Plastic
- 5.2.2. Paper and Paperboard
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Product Type
- 5.3.1. Bags & Pouches
- 5.3.2. Boxes & Cartons
- 5.3.3. Trays & Clamshells
- 5.3.4. Films & Wraps
- 5.3.5. Mailers
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By End-use
- 5.4.1. Food & Beverages
- 5.4.2. Consumer Goods
- 5.4.3. Personal Care & Cosmetics
- 5.4.4. Fashion Apparel & Accessories
- 5.4.5. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Service Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Material
- 6.2.1. Plastic
- 6.2.2. Paper and Paperboard
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Product Type
- 6.3.1. Bags & Pouches
- 6.3.2. Boxes & Cartons
- 6.3.3. Trays & Clamshells
- 6.3.4. Films & Wraps
- 6.3.5. Mailers
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By End-use
- 6.4.1. Food & Beverages
- 6.4.2. Consumer Goods
- 6.4.3. Personal Care & Cosmetics
- 6.4.4. Fashion Apparel & Accessories
- 6.4.5. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S. Market Analysis, Insights and Forecast – By End Use
- 6.5.1.1. Food & Beverages
- 6.5.1.2. Consumer Goods
- 6.5.1.3. Personal Care & Cosmetics
- 6.5.1.4. Fashion Apparel & Accessories
- 6.5.1.5. Others
- 6.5.2. Canada Market Analysis, Insights and Forecast – By End Use
- 6.5.2.1. Food & Beverages
- 6.5.2.2. Consumer Goods
- 6.5.2.3. Personal Care & Cosmetics
- 6.5.2.4. Fashion Apparel & Accessories
- 6.5.2.5. Others
- 7. Europe Service Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Material
- 7.2.1. Plastic
- 7.2.2. Paper and Paperboard
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Product Type
- 7.3.1. Bags & Pouches
- 7.3.2. Boxes & Cartons
- 7.3.3. Trays & Clamshells
- 7.3.4. Films & Wraps
- 7.3.5. Mailers
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By End-use
- 7.4.1. Food & Beverages
- 7.4.2. Consumer Goods
- 7.4.3. Personal Care & Cosmetics
- 7.4.4. Fashion Apparel & Accessories
- 7.4.5. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. Germany Market Analysis, Insights and Forecast – By End Use
- 7.5.1.1. Food & Beverages
- 7.5.1.2. Consumer Goods
- 7.5.1.3. Personal Care & Cosmetics
- 7.5.1.4. Fashion Apparel & Accessories
- 7.5.1.5. Others
- 7.5.2. UK Market Analysis, Insights and Forecast – By End Use
- 7.5.2.1. Food & Beverages
- 7.5.2.2. Consumer Goods
- 7.5.2.3. Personal Care & Cosmetics
- 7.5.2.4. Fashion Apparel & Accessories
- 7.5.2.5. Others
- 7.5.3. France Market Analysis, Insights and Forecast – By End Use
- 7.5.3.1. Food & Beverages
- 7.5.3.2. Consumer Goods
- 7.5.3.3. Personal Care & Cosmetics
- 7.5.3.4. Fashion Apparel & Accessories
- 7.5.3.5. Others
- 7.5.4. Italy Market Analysis, Insights and Forecast – By End Use
- 7.5.4.1. Food & Beverages
- 7.5.4.2. Consumer Goods
- 7.5.4.3. Personal Care & Cosmetics
- 7.5.4.4. Fashion Apparel & Accessories
- 7.5.4.5. Others
- 7.5.5. Spain Market Analysis, Insights and Forecast – By End Use
- 7.5.5.1. Food & Beverages
- 7.5.5.2. Consumer Goods
- 7.5.5.3. Personal Care & Cosmetics
- 7.5.5.4. Fashion Apparel & Accessories
- 7.5.5.5. Others
- 7.5.6. Russia Market Analysis, Insights and Forecast – By End Use
- 7.5.6.1. Food & Beverages
- 7.5.6.2. Consumer Goods
- 7.5.6.3. Personal Care & Cosmetics
- 7.5.6.4. Fashion Apparel & Accessories
- 7.5.6.5. Others
- 7.5.7. Poland Market Analysis, Insights and Forecast – By End Use
- 7.5.7.1. Food & Beverages
- 7.5.7.2. Consumer Goods
- 7.5.7.3. Personal Care & Cosmetics
- 7.5.7.4. Fashion Apparel & Accessories
- 7.5.7.5. Others
- 7.5.8. Romania Market Analysis, Insights and Forecast – By End Use
- 7.5.8.1. Food & Beverages
- 7.5.8.2. Consumer Goods
- 7.5.8.3. Personal Care & Cosmetics
- 7.5.8.4. Fashion Apparel & Accessories
- 7.5.8.5. Others
- 7.5.9. Rest of Europe Market Analysis, Insights and Forecast – By End Use
- 7.5.9.1. Food & Beverages
- 7.5.9.2. Consumer Goods
- 7.5.9.3. Personal Care & Cosmetics
- 7.5.9.4. Fashion Apparel & Accessories
- 7.5.9.5. Others
- 8. Asia Pacific Service Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Material
- 8.2.1. Plastic
- 8.2.2. Paper and Paperboard
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Product Type
- 8.3.1. Bags & Pouches
- 8.3.2. Boxes & Cartons
- 8.3.3. Trays & Clamshells
- 8.3.4. Films & Wraps
- 8.3.5. Mailers
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By End-use
- 8.4.1. Food & Beverages
- 8.4.2. Consumer Goods
- 8.4.3. Personal Care & Cosmetics
- 8.4.4. Fashion Apparel & Accessories
- 8.4.5. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China Market Analysis, Insights and Forecast – By End Use
- 8.5.1.1. Food & Beverages
- 8.5.1.2. Consumer Goods
- 8.5.1.3. Personal Care & Cosmetics
- 8.5.1.4. Fashion Apparel & Accessories
- 8.5.1.5. Others
- 8.5.2. India Market Analysis, Insights and Forecast – By End Use
- 8.5.2.1. Food & Beverages
- 8.5.2.2. Consumer Goods
- 8.5.2.3. Personal Care & Cosmetics
- 8.5.2.4. Fashion Apparel & Accessories
- 8.5.2.5. Others
- 8.5.3. Japan Market Analysis, Insights and Forecast – By End Use
- 8.5.3.1. Food & Beverages
- 8.5.3.2. Consumer Goods
- 8.5.3.3. Personal Care & Cosmetics
- 8.5.3.4. Fashion Apparel & Accessories
- 8.5.3.5. Others
- 8.5.4. Australia Market Analysis, Insights and Forecast – By End Use
- 8.5.4.1. Food & Beverages
- 8.5.4.2. Consumer Goods
- 8.5.4.3. Personal Care & Cosmetics
- 8.5.4.4. Fashion Apparel & Accessories
- 8.5.4.5. Others
- 8.5.5. Southeast Asia Market Analysis, Insights and Forecast – By End Use
- 8.5.5.1. Food & Beverages
- 8.5.5.2. Consumer Goods
- 8.5.5.3. Personal Care & Cosmetics
- 8.5.5.4. Fashion Apparel & Accessories
- 8.5.5.5. Others
- 8.5.6. Rest of Asia Pacific Market Analysis, Insights and Forecast – By End Use
- 8.5.6.1. Food & Beverages
- 8.5.6.2. Consumer Goods
- 8.5.6.3. Personal Care & Cosmetics
- 8.5.6.4. Fashion Apparel & Accessories
- 8.5.6.5. Others
- 9. Latin America Service Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Material
- 9.2.1. Plastic
- 9.2.2. Paper and Paperboard
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Product Type
- 9.3.1. Bags & Pouches
- 9.3.2. Boxes & Cartons
- 9.3.3. Trays & Clamshells
- 9.3.4. Films & Wraps
- 9.3.5. Mailers
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By End-use
- 9.4.1. Food & Beverages
- 9.4.2. Consumer Goods
- 9.4.3. Personal Care & Cosmetics
- 9.4.4. Fashion Apparel & Accessories
- 9.4.5. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil Market Analysis, Insights and Forecast – By End Use
- 9.5.1.1. Food & Beverages
- 9.5.1.2. Consumer Goods
- 9.5.1.3. Personal Care & Cosmetics
- 9.5.1.4. Fashion Apparel & Accessories
- 9.5.1.5. Others
- 9.5.2. Mexico Market Analysis, Insights and Forecast – By End Use
- 9.5.2.1. Food & Beverages
- 9.5.2.2. Consumer Goods
- 9.5.2.3. Personal Care & Cosmetics
- 9.5.2.4. Fashion Apparel & Accessories
- 9.5.2.5. Others
- 9.5.3. Argentina Market Analysis, Insights and Forecast – By End Use
- 9.5.3.1. Food & Beverages
- 9.5.3.2. Consumer Goods
- 9.5.3.3. Personal Care & Cosmetics
- 9.5.3.4. Fashion Apparel & Accessories
- 9.5.3.5. Others
- 9.5.4. Rest of Latin America Market Analysis, Insights and Forecast – By End Use
- 9.5.4.1. Food & Beverages
- 9.5.4.2. Consumer Goods
- 9.5.4.3. Personal Care & Cosmetics
- 9.5.4.4. Fashion Apparel & Accessories
- 9.5.4.5. Others
- 10. Middle East & Africa Service Packaging Market Analysis (USD Billion), Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Material
- 10.2.1. Plastic
- 10.2.2. Paper and Paperboard
- 10.2.3. Others
- 10.3. Market Analysis, Insights and Forecast – By Product Type
- 10.3.1. Bags & Pouches
- 10.3.2. Boxes & Cartons
- 10.3.3. Trays & Clamshells
- 10.3.4. Films & Wraps
- 10.3.5. Mailers
- 10.3.6. Others
- 10.4. Market Analysis, Insights and Forecast – By End-use
- 10.4.1. Food & Beverages
- 10.4.2. Consumer Goods
- 10.4.3. Personal Care & Cosmetics
- 10.4.4. Fashion Apparel & Accessories
- 10.4.5. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. Saudi Arabia Market Analysis, Insights and Forecast – By End Use
- 10.5.1.1. Food & Beverages
- 10.5.1.2. Consumer Goods
- 10.5.1.3. Personal Care & Cosmetics
- 10.5.1.4. Fashion Apparel & Accessories
- 10.5.1.5. Others
- 10.5.2. UAE Market Analysis, Insights and Forecast – By End Use
- 10.5.2.1. Food & Beverages
- 10.5.2.2. Consumer Goods
- 10.5.2.3. Personal Care & Cosmetics
- 10.5.2.4. Fashion Apparel & Accessories
- 10.5.2.5. Others
- 10.5.3. Oman Market Analysis, Insights and Forecast – By End Use
- 10.5.3.1. Food & Beverages
- 10.5.3.2. Consumer Goods
- 10.5.3.3. Personal Care & Cosmetics
- 10.5.3.4. Fashion Apparel & Accessories
- 10.5.3.5. Others
- 10.5.4. South Africa Market Analysis, Insights and Forecast – By End Use
- 10.5.4.1. Food & Beverages
- 10.5.4.2. Consumer Goods
- 10.5.4.3. Personal Care & Cosmetics
- 10.5.4.4. Fashion Apparel & Accessories
- 10.5.4.5. Others
- 10.5.5. Rest of Middle East & Africa Market Analysis, Insights and Forecast – By End Use
- 10.5.5.1. Food & Beverages
- 10.5.5.2. Consumer Goods
- 10.5.5.3. Personal Care & Cosmetics
- 10.5.5.4. Fashion Apparel & Accessories
- 10.5.5.5. Others
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. Amcor Ltd.
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Financials
- 11.2.1.4. Recent Development
- 11.2.2. Nippon Paper Industries Co. Ltd.
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Financials
- 11.2.2.4. Recent Development
- 11.2.3. Sonoco Products Company
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Financials
- 11.2.3.4. Recent Development
- 11.2.4. AptarGroup Inc
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Financials
- 11.2.4.4. Recent Development
- 11.2.5. Crown Holdings, Inc
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Financials
- 11.2.5.4. Recent Development
- 11.2.6. DS Smith Plc.
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Financials
- 11.2.6.4. Recent Development
- 11.2.7. Mondi Group
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Financials
- 11.2.7.4. Recent Development
- 11.2.8. Graphic Packaging International Inc
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Financials
- 11.2.8.4. Recent Development
- 11.2.9. International Paper
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Financials
- 11.2.9.4. Recent Development
- 11.2.10. Smurfit Kappa Group
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Financials
- 11.2.10.4. Recent Development
- 11.2.11. Huhtamaki
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Financials
- 11.2.11.4. Recent Development
- 11.2.12. Anchor Packaging
- 11.2.12.1. Business Overview
- 11.2.12.2. Product & Service Offering
- 11.2.12.3. Financials
- 11.2.12.4. Recent Development
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