Global Packaging Market 2024-2028

Global Packaging Market 2024-2028

The packaging market is forecasted to grow by USD 268.37 bn during 2023-2028, accelerating at a CAGR of 4.29% during the forecast period. The report on the packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of the food delivery and takeaway market, the rise in the need for innovative packaging, and the increase in demand for digitally printed packaging.

Technavio's packaging market is segmented as below:

• By Type
• Board
• Rigid plastic
• Flexible
• Metal
• Glass
• By End-user
• Food
• Beverage
• Healthcare
• Personal care
• Others
• By Geography
• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the emergence of tamper-proof packaging as one of the prime reasons driving the packaging market growth during the next few years. Also, the integration of smart technologies in packaging solutions and the growing emphasis on minimalist and functional packaging designs will lead to sizable demand in the market.

The report on the packaging market covers the following areas:

• Packaging market sizing
• Packaging market forecast
• Packaging market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading packaging market vendors that include Amcor Group GmbH, Ball Corp., Berry Global Inc., Constantia Flexibles Group GmbH, Crown Holdings Inc., Gerresheimer AG, Huhtamaki Oyj, International Paper Co., Mondi Plc, Oji Holdings Corp., Pregis LLC, Pretium Packaging, Sealed Air Corp., Smurfit Kappa, Sonoco Products Co., Stora Enso Oyj, Tetra Laval SA, UPM Kymmene Corp., WestRock Co., and Winpak Ltd. Also, the packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.