Global Service Packaging Market Growth 2023-2029

Global Service Packaging Market Growth 2023-2029

Service packaging aims at the convenience of the end use customers by offering them a convenient, durable and service packaging. Such packaging is widely used across various applications such as food, beverages, and consumer goods.

LPI (LP Information)' newest research report, the “Service Packaging Industry Forecast” looks at past sales and reviews total world Service Packaging sales in 2022, providing a comprehensive analysis by region and market sector of projected Service Packaging sales for 2023 through 2029. With Service Packaging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Service Packaging industry.

This Insight Report provides a comprehensive analysis of the global Service Packaging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Service Packaging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Service Packaging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Service Packaging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Service Packaging.

The global Service Packaging market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

Asia Pacific region accounted for the highest market share in 2016, in terms of value. The remarkable growth in the Asia Pacific packaging industry is the crucial factor fueling the growth of the global market. Increase in purchasing power of the consumer in countries such as China, India, and Indonesia, have boosted the demand for good-quality processed & packaged food. Growing number of hypermarket in the region is also expected to fuel the demand for service packaging products. China, India, Japan, and Thailand are the highest contributor to Asia Pacific market. China accounts for the largest market share in the region mainly due to strong economic growth, rapid urbanization and increse in shopping activities.

This report presents a comprehensive overview, market shares, and growth opportunities of Service Packaging market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Boxes
Bags
Others

Segmentation by application
Food & Beverages
Consumer Goods
Pharmaceutical
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Amcor Ltd.
Mondi Group
Smurfit Kappa Group
Amcor
Georgia-Pacific Corporation, ITC Ltd.
Cascades Inc.
International Paper
Graphic Packaging International Inc.
DS Smith Plc.
Crown Holdings, Inc.
AptarGroup Inc.
Sonoco Products Company
Nippon Paper Industries Co. Ltd.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Service Packaging market?

What factors are driving Service Packaging market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Service Packaging market opportunities vary by end market size?

How does Service Packaging break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.