Global Secondary Packaging Market 2024-2028
The secondary packaging market is forecasted to grow by USD 86.2 bn during 2023-2028, accelerating at a CAGR of 4.6% during the forecast period. The report on the secondary 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 growing e-commerce industry, increasing need for sustainable packaging solutions, and increasing demand for processed and packaged foods.
Technavio's secondary packaging market is segmented as below:
By Type
By Application
- Food
- Beverages
- Pharmaceuticals
- Personal and home care
- Others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing mergers and acquisitions (M and A) as one of the prime reasons driving the secondary packaging market growth during the next few years. Also, increased popularity of SMART packaging and growing demand for lightweight materials will lead to sizable demand in the market.
The report on the secondary packaging market covers the following areas:
- Secondary packaging market sizing
- Secondary packaging market forecast
- Secondary 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 secondary packaging market vendors that include Amcor PLC, Ball Corp., Berry Global Inc., Catalent Inc., Crown Holdings Inc., Daio Paper Corp., DS Smith PLC, Graphic Packaging Holding Co., Huhtamaki Oyj, International Paper Co., Mondi PLC, Packaging Corp. of America, Rengo Co. Ltd., Salzgitter AG, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., Stora Enso Oyj, TETRA Laval SA, and WestRock Co.. Also, the secondary 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 the 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 research - both primary and secondary. 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.