Packaging Market size to grow by USD 170.61 Bn | APAC to occupy 41% share | Technavio


NEW YORK, July 4, 2022 /PRNewswire/ — The “Packaging Market by End-user, Type, and Geography – Forecast and Analysis 2021-2025” report by Technavio estimates the market size to increase by USD 170.61 billion between 2020 and 2025, expanding at a CAGR of 4% during the forecast period. APAC will have a significant share in the market. The market is growing at a steady pace in the region owing to expanding end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care.

View Our Report Sample for more insights into the market size, regional growth opportunities, and other important statistics.

Vendor Landscape

The global packaging market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market comprises some well-established players that are involved in the design and production of packaging solutions for various applications across a wide range of industries. These vendors are making significantly huge investments in research and development to push better products into the market and expand their customer base. Mergers, acquisitions, and strategic partnerships are some of the strategies the vendors in the market are adopting to strengthen their position.

The growth of the food delivery and takeaway market has been instrumental in driving the growth of the market. However, the high manufacturing cost for packaging might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Amcor Plc, Ball Corp., Berry Global Group Inc., CCL Industries Inc., DS Smith Plc, DuPont de Nemours Inc., Mondi Group, Smurfit Kappa Group Plc, Sonoco Products Co., and WestRock Co. are among some of the major market participants.

Get more highlights on the vendor landscape and the factors impacting the market growth. Request a Sample Report

Packaging Market 2021-2025: Segmentation

The global packaging market is segmented as below:

  • End-user
    • Food
    • Beverage
    • Healthcare
    • Personal Care
    • Others

The food packaging industry is the prime end-user in the market. Changing lifestyles and food habits are the key factors driving the growth of the segment. Also, the increasing global demand for canned food products will contribute to the growth of the segment during the forecast period.

  • Type
    • Board
    • Rigid Plastic
    • Flexible
    • Metal
    • Glass

The board segment will generate significant revenue in the market during the forecast period. The increasing use of paperboard packaging is medical packaging, cosmetic packaging, frozen food packaging, and candy boxes is driving the growth of the segment.

  • Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

About 41% of the market growth will originate from APAC during the forecast period. The thriving e-commerce industry in China, India, and Japan is driving the growth of the regional market. Also, the presence of a huge consumer base, a growing number of internet and smartphone users, and the rising trend of online shopping are contributing to the growth of the packaging market in APAC.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The packaging market report covers the following areas:

Packaging Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist packaging market growth during the next five years
  • Estimation of the packaging market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaging market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of packaging market vendors

Related Reports:

 

Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

USD 170.61 billion

Market structure

Fragmented

YoY growth (%)

3.42

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 41%

Key consumer countries

US, China, UK, India, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amcor Plc, Ball Corp., Berry Global Group Inc., CCL Industries Inc., DS Smith Plc, DuPont de Nemours Inc., Mondi Group,

Smurfit Kappa Group Plc, Sonoco Products Co., and WestRock Co

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis,

COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized

 

Table of Contents:

1. Executive Summary                           

2. Market Landscape                             

  • 2.1 Market ecosystem             
    • Exhibit 01:  Parent market
  • 2.2 Market Characteristics      
    • Exhibit 02:  Market Characteristics
  • 2.3 Value chain analysis           
    • Exhibit 03:  Containers & packaging market
  • 2.3.1 Inputs 
  • 2.3.2 Inbound logistics
  • 2.3.3 Operations
  • 2.3.4 Outbound logistics
  • 2.3.5 Marketing and sales 
  • 2.3.6 Service 
    • Support activities 
    • Innovations 

3. Market Sizing                       

  • 3.1 Market definition
    • Exhibit 04:  Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 05:  Market segments
  • 3.3 Market size 2020 
  • 3.4 Market outlook: Forecast for 2020 – 2025 
  • 3.4.1 Estimating growth rates for emerging and high-growth markets
  • 3.4.2 Estimating growth rates for mature markets
    • Exhibit 06:  Global – Market size and forecast 2020 – 2025 ($ billion)
    • Exhibit 07:  Global market: Year-over-year growth 2020 – 2025 (%)

4. Five Forces Analysis                          

  • 4.1 Five Forces Summary        
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers           
  • 4.3 Bargaining power of suppliers       
  • 4.4 Threat of new entrants    
  • 4.5 Threat of substitutes         
  • 4.6 Threat of rivalry   
  • 4.7 Market condition
    • Market condition – Five forces 2020

5. Market Segmentation by End-user                             

                The segments covered in this chapter are: 

  • Food
  • Beverage
  • Healthcare
  • Personal care
  • Others

All the segments have been ranked based on their market size in 2020. The food segment constituted the largest individual segment in 2020, while the smallest single segment was personal care.

  • 5.1 Market segments
    • Exhibit 15: End-user – Market share 2020-2025 (%)
  • 5.2 Comparison by End-user  
    • Exhibit 16: Comparison by End-user?
  • 5.3 ?Food – Market size and forecast 2020-2025              
    • Exhibit 17: Food – Market size and forecast 2020-2025 ($ billion)?
    • Exhibit 18: Food – Year-over-year growth 2020-2025 (%)
  • 5.4 Beverage – Market size and forecast 2020-2025      
    • Exhibit 19: Beverage – Market size and forecast 2020-2025 ($ billion)?
    • Exhibit 20: Beverage – Year-over-year growth 2020-2025 (%)
  • 5.5 Healthcare – Market size and forecast 2020-2025   
    • Exhibit 21: Healthcare – Market size and forecast 2020-2025 ($ billion)?
    • Exhibit 22: Healthcare – Year-over-year growth 2020-2025 (%)
  • 5.6 Personal care – Market size and forecast 2020-2025              
    • Exhibit 23: Personal care – Market size and forecast 2020-2025 ($ billion)?
    • Exhibit 24: Personal care – Year-over-year growth 2020-2025 (%)
  •  5.7 Others – Market size and forecast 2020-2025           
    • Exhibit 25: Others – Market size and forecast 2020-2025 ($ billion)?
    • Exhibit 26: Others – Year-over-year growth 2020-2025 (%)
  • 5.8 Market opportunity by End-user  
    • Exhibit 27: Market opportunity by End-user

6. Market Segmentation by Type                     

The segments covered in this chapter are: 

  • Board
  • Rigid plastic
  • Flexible
  • Metal
  • Glass

All the segments have been ranked based on their market size in 2020. Board constituted the largest segment in 2020, while the smallest segment was glass

  • 6.1 Market segments
    • Exhibit 28: Type – Market share 2020-2025 (%)
  • 6.2 Comparison by Type          
    • Exhibit 29: Comparison by Type
  • 6.3 Board – Market size and forecast 2020-2025             
    • Exhibit 30: Board – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 31: Board – Year-over-year growth 2020-2025 (%)
  • 6.4 ?Rigid plastic – Market size and forecast 2020-2025?                
    • Exhibit 32: Rigid plastic – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 33: Rigid plastic – Year-over-year growth 2020-2025 (%)
  • 6.5 Flexible – Market size and forecast 2020-2025         
    • Exhibit 34: Flexible – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 35: Flexible – Year-over-year growth 2020-2025 (%)
  • 6.6 Metal – Market size and forecast 2020-2025             
    • Exhibit 36: Metal – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 37: Metal – Year-over-year growth 2020-2025 (%)
  • 6.7 Glass – Market size and forecast 2020-2025              
    • Exhibit 38: Glass – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 39: Glass – Year-over-year growth 2020-2025 (%)
  • 6.8 Market opportunity by Type          
    • Exhibit 40: Market opportunity by Type

7. Customer landscape                         

Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

Exhibit 41: Customer landscape

8. Geographic Landscape                     

The regions covered in the report are: 

  • APAC
  • North America
  • Europe 
  • MEA
  • South America 

North America was the largest region of the market in 2020 and would continue to be the largest segment of the market in 2025. It would grow at a compounded annual growth rate of around 5% between 2020 and 2025, which is slower than the overall market

  • 8.1 Geographic segmentation
    • Exhibit 42: Market share by geography 2020-2025 (%)
  • 8.2 Geographic comparison   
    • Exhibit 43: Geographic comparison
  • 8.3 APAC – Market size and forecast 2020-2025?             
    • Exhibit 44: APAC – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 45: APAC – Year-over-year growth 2020-2025 (%)
  • 8.4 North America – Market size and forecast 2020-2025           
    • Exhibit 46: North America – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 47: North America – Year-over-year growth 2020-2025 (%)
  • 8.5 Europe – Market size and forecast 2020-2025         
    • Exhibit 48: Europe – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 49: Europe – Year-over-year growth 2020-2025 (%)
  • 8.6 MEA – Market size and forecast 2020-2025               
    • Exhibit 50: MEA – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 51: MEA – Year-over-year growth 2020-2025 (%)
  • 8.7 South America – Market size and forecast 2020-2025          
    • Exhibit 52: South America – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 53: South America – Year-over-year growth 2020-2025 (%)
  • 8.8 Key leading countries        
    • Exhibit 54: Key leading countries
  • 8.9 Market opportunity by geography
    • Exhibit 55: Market opportunity by geography ($ billion)

9. Drivers, Challenges, and Trends                   

  • 9.1 Market drivers     
    • 9.1.1 Growth of food delivery and takeaway market
    • 9.1.2 Rise in need for innovative packaging
    • 9.1.3 Increase in demand for digitally printed packaging
  • 9.2 Market challenges              
    • 9.2.1 High manufacturing cost for packaging
    • 9.2.2 Environmental concerns over the use of plastic packaging
    • 9.2.3 Contamination of food during packaging
    • Exhibit 56: Impact of drivers and challenges
  • 9.3 Market trends      
    •  9.3.1 Continuous development of new products
    • 9.3.2 Emergence of tamper-proof packaging
    •  9.3.3 Rise in adoption of reusable packaging

10. Vendor Landscape                           

  • 10.1 Competitive scenario      
  • 10.2 Vendor landscape            
    • Exhibit 57: Vendor landscape
  • 10.3 Landscape disruption      
    • The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 
    • Exhibit 58: Landscape disruption
  • 10.4 Industry risks      
    • Exhibit 59: Industry risks

11. Vendor Analysis               

  • 11.1 Vendors covered              
    • Exhibit 60: Vendors covered
  • 11.2 Market positioning of vendors    
    • Exhibit 61: ?Market positioning of vendors?
  • 11.3 Amcor Plc            
    • Exhibit 62:  Amcor Plc – Overview
    • Exhibit 63:  Amcor Plc – Business segments
    • Exhibit 64: Amcor Plc – Key news
    • Exhibit 65:  Amcor Plc – Key offerings
    • Exhibit 66:  Amcor Plc – Segment focus
  • 11.4 Ball Corp.
    • Exhibit 67:  Ball Corp. – Overview
    • Exhibit 68:  Ball Corp. – Business segments
    • Exhibit 69: Ball Corp. – Key news
    • Exhibit 70:  Ball Corp. – Key offerings
    • Exhibit 71:  Ball Corp. – Segment focus
  • 11.5 Berry Global Group Inc. 
    • Exhibit 72:  Berry Global Group Inc. – Overview
    • Exhibit 73:  Berry Global Group Inc. – Business segments
    • Exhibit 74: Berry Global Group Inc. – Key news
    • Exhibit 75: Berry Global Group Inc. – Key offerings
    • Exhibit 76:  Berry Global Group Inc. – Segment focus
  • 11.6 CCL Industries Inc.            
    • Exhibit 77:  CCL Industries Inc. – Overview
    • Exhibit 78:  CCL Industries Inc. – Business segments
    • Exhibit 79: CCL Industries Inc. – Key news
    • Exhibit 80: CCL Industries Inc. – Key offerings
    • Exhibit 81:  CCL Industries Inc. – Segment focus
  • 11.7 DS Smith Plc        
    • Exhibit 82:  DS Smith Plc – Overview
    • Exhibit 83:  DS Smith Plc – Business segments
    • Exhibit 84:  DS Smith Plc – Key offerings
    • Exhibit 85:  DS Smith Plc – Segment focus
  • 11.8 DuPont de Nemours Inc.
    • Exhibit 86:  DuPont de Nemours Inc. – Overview
    • Exhibit 87:  DuPont de Nemours Inc. – Business segments
    • Exhibit 88: DuPont de Nemours Inc. – Key news
    • Exhibit 89:  DuPont de Nemours Inc. – Key offerings
    • Exhibit 90:  DuPont de Nemours Inc. – Segment focus
  • 11.9 Mondi Group     
    • Exhibit 91:  Mondi Group – Overview
    • Exhibit 92:  Mondi Group – Business segments
    • Exhibit 93: Mondi Plc – Key news
    • Exhibit 94:  Mondi Group – Key offerings
    • Exhibit 95:  Mondi Group – Segment focus
  • 11.10 Smurfit Kappa Group Plc             
    • Exhibit 96:  Smurfit Kappa Group Plc – Overview
    • Exhibit 97:  Smurfit Kappa Group Plc – Business segments
    • Exhibit 98:  Smurfit Kappa Group Plc – Key news
    • Exhibit 99: Smurfit Kappa Group Plc – Key offerings
    • Exhibit 100:  Smurfit Kappa Group Plc – Segment focus
  • 11.11 Sonoco Products Co.     
    • Exhibit 101:  Sonoco Products Co. – Overview
    • Exhibit 102:  Sonoco Products Co. – Business segments
    • Exhibit 103:  Sonoco Products Co. – Key news
    • Exhibit 104:   Sonoco Products Co. – Key offerings
    • Exhibit 105:  Sonoco Products Co. – Segment focus
  • 11.12 WestRock Co.  
    • Exhibit 106:  WestRock Co. – Overview
    • Exhibit 107:  WestRock Co. – Business segments
    • Exhibit 108:  WestRock Co. – Key news
    • Exhibit 109:  WestRock Co. – Key offerings
    • Exhibit 110:  WestRock Co. – Segment focus

12. Appendix                            

  • 12.1 Scope of the report         
    • 12.1.1 Market definition
    • 12.1.2 Objectives
    • 12.1.3 Notes and caveats
  • 12.2 Currency conversion rates for US$            
    • Exhibit 111: Currency conversion rates for US$?
  • 12.3 Research Methodology 
    • Exhibit 112: Research Methodology
    • Exhibit 113: Validation techniques employed for market sizing?
    • Exhibit 114: Information sources

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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