Packaging Products Market Report 2026

The packaging products market size has grown strongly in recent years. It will grow from $119.91 billion in 2025 to $127.46 billion in 2026 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to expansion of packaged food consumption, growth of retail and FMCG sectors, increasing demand for product safety during transportation, wider adoption of plastic and paper packaging, growth in global trade of consumer goods.

The packaging products market size is expected to see strong growth in the next few years. It will grow to $177.81 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising demand for eco-friendly packaging solutions, expansion of e-commerce packaging requirements, increasing investments in recyclable materials, growing use of smart packaging technologies, tightening packaging waste regulations. Major trends in the forecast period include increasing adoption of sustainable packaging materials, rising demand for lightweight and durable packaging, growing focus on custom and branded packaging solutions, expansion of flexible packaging formats, enhanced emphasis on product protection and shelf life.

The rising demand for processed foods is expected to drive the growth of the packaging products market in the coming years. Processed foods are food items that have undergone mechanical, physical, or chemical modifications from their original state to make them suitable for consumption. Packaging products play a critical role in the processed foods industry by preserving freshness, ensuring hygiene, and enhancing consumer convenience, thereby contributing to the overall appeal and market success of these products. For example, in May 2024, according to the USDA Foreign Agricultural Service (FAS), a US-based government agency, US exports of processed food products reached US$14.73 billion in 2023, representing a 0.2% increase from 2022. Therefore, the increasing demand for processed foods is contributing to the growth of the packaging products market.

Key players in the packaging products market are increasingly focusing on developing recyclable packaging solutions to strengthen their market position. Recyclable packaging products are materials and containers designed to be collected, processed, and reused as raw materials for producing new packaging or other products. For instance, in August 2023, Amcor PLC, an Australia-based packaging company, launched AmFiber Performance Paper Packaging. This packaging solution has been pre-qualified by How2Recycle and meets repulpability standards for curbside recycling. It is compatible with most paper recycling streams and is widely recyclable. AmFiber Performance Paper offers enhanced barrier properties and extended shelf life, making it suitable for a variety of food products. It is compatible with existing flexible packaging equipment and achieves machine speeds comparable to plastic-based packaging.

In March 2024, Greif Inc., a US-based manufacturing company, acquired Ipackchem Group SAS for US$538 million. Through this acquisition, Greif aims to expand its footprint in high-performance small rigid plastic containers and jerrycans while enhancing its global product portfolio and market reach across industries such as chemicals, pharmaceuticals, and agrochemicals. Ipackchem Group SAS is a France-based manufacturer specializing in the design and production of rigid plastic barrier packaging solutions, including containers, bottles, and jerrycans, with a strong emphasis on sustainable and UN-certified packaging for chemical, pharmaceutical, animal health, and flavor and fragrance applications.

Major companies operating in the packaging products market are Aetna Group, International Paper Co, Ball Corporation, Amcor plc, Berry Global plc, Tetra Pak Inc., Crown Holdings Inc., Stora Enso Oyj, Mondi plc, Graphic Packaging Holding Company, Avery Dennison Corporation, Packaging Corporation of America, Owens-Illinois Group Inc., Sealed Air Corp, Huhtamaki Oyj, Krones Group, Reynolds Group Inc., Coesia Group, Marchesini Group, Gerresheimer AG, Yunnan Energy New Material Co Ltd., Adelphi Group of Companies, Oliver Packaging & Equipment Company, Sun Packaging Technologies Inc., Merlin Packaging Technologies, Graham Packaging Company, Bosch Packaging Technology, Fuji Machinery Co Ltd.

Asia-Pacific was the largest region in the packaging products market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global packaging products market report during the forecast period. The regions covered in the packaging products market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the packaging products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The packaging products market consists of sales of paperboard, steel, and aluminum packaging products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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