The global packaging market size is estimated to grow from USD 1.21 trillion in the current year to USD 1.8 trillion by 2035, at a CAGR of 3.7% during the forecast period, till 2035.
In recent years, the global packaging market demand has been bolstered by the growth of the retail and e-commerce sectors, which heavily depend on packaging. Further, the increasing global population is expanding the consumer base across various industries. Consequently, major end-use sectors, such as food and beverages, pharmaceuticals, personal care and cosmetics, and other packaged goods are creating substantial market opportunities.
Plastic materials have primarily dominated the packaging market, being the most widely used and economical option for most industries. However, in recent years, the shift towards sustainable packaging solutions and the growing awareness of the negative environmental impacts of single-use plastics are transforming the packaging landscape. As a result, paper and paperboard materials are becoming increasingly favored in the market. To align with the green packaging trend, industry leaders are heavily investing in the development of alternative materials and reusable bioplastics that are easily recyclable. Owing to the above mentioned factors, the packaging market is anticipated to experience significant growth during this forecast period.
However, the market for flexible packaging, which encompasses bags, pouches, wraps, and films is expected to grow at a higher CAGR during the forecast period, due to its light weight, versatility, and cost-effectiveness.
However, the market for paper and paperboard packaging segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing demand for eco-friendly materials, which are typically known for their recyclability, reusability, and biodegradability.
However, the market for paper bags and boxes is expected to grow at a higher CAGR during the forecast period. This increase can be attributed to the principles of a circular economy, as these items are easily recyclable and compostable, aiding in waste reduction and resource efficiency, thus boosting the market's potential.
However, the pharmaceutical industry is expected to grow at a higher CAGR during the forecast period, driven by strict regulatory standards that require specialized packaging to safeguard medications from contamination, moisture, and physical damage.
However, Asia is expected to witness a relatively higher CAGR during the forecast period, driven by the swift development of the food and beverage as well as the pharmaceutical sectors in nations like China and India. The growth of various industries in China significantly boosts the global packaging market.
Packaging Market: Growth and Trends
Packaging is a method used to enclose products to safeguard them from damage and contamination caused by environmental factors like moisture and temperature during transport. Additionally, it helps preserve perishable items, including food and pharmaceuticals, thereby extending their shelf life. Besides ensuring product safety, packaging is vital for communication, as it conveys essential information to consumers regarding ingredients, usage instructions, and expiration dates. For these reasons, packaging is a critical aspect of every business, providing both product protection and serving as a branding tool that plays a significant role in marketing to attract potential customers.In recent years, the global packaging market demand has been bolstered by the growth of the retail and e-commerce sectors, which heavily depend on packaging. Further, the increasing global population is expanding the consumer base across various industries. Consequently, major end-use sectors, such as food and beverages, pharmaceuticals, personal care and cosmetics, and other packaged goods are creating substantial market opportunities.
Plastic materials have primarily dominated the packaging market, being the most widely used and economical option for most industries. However, in recent years, the shift towards sustainable packaging solutions and the growing awareness of the negative environmental impacts of single-use plastics are transforming the packaging landscape. As a result, paper and paperboard materials are becoming increasingly favored in the market. To align with the green packaging trend, industry leaders are heavily investing in the development of alternative materials and reusable bioplastics that are easily recyclable. Owing to the above mentioned factors, the packaging market is anticipated to experience significant growth during this forecast period.
Packaging Market: Key Segments
Market Share by Type of Packaging
Based on type of packaging, the global packaging market is segmented into flexible packaging and rigid packaging. According to our estimates, currently, the rigid packaging segment captures the majority of the market share. This growth can be attributed to its advantages in terms of durability, storage capacity, and strength.However, the market for flexible packaging, which encompasses bags, pouches, wraps, and films is expected to grow at a higher CAGR during the forecast period, due to its light weight, versatility, and cost-effectiveness.
Market Share by Type of Material
Based on type of material, the packaging market is segmented into metal, paper and paperboard, plastic, and wood. According to our estimates, currently, plastic segment captures the majority of the market. This can be attributed to its distinct properties like flexibility, durability, and lightweight nature.However, the market for paper and paperboard packaging segment is expected to grow at a higher CAGR during the forecast period, owing to the increasing demand for eco-friendly materials, which are typically known for their recyclability, reusability, and biodegradability.
Market Share by Type of Product
Based on type of product, the packaging market is segmented into bags, bottles & jars, boxes, bulk-grade products, cans, caps and closures, crates & pallets, pouches, wraps, and others. According to our estimates, currently, bottles and jars segment captures the majority share of the market. This can be attributed to the strong demand for robust packaging solutions from the food and beverage, cosmetics, and pharmaceutical sectors, which enhances the product's appeal.However, the market for paper bags and boxes is expected to grow at a higher CAGR during the forecast period. This increase can be attributed to the principles of a circular economy, as these items are easily recyclable and compostable, aiding in waste reduction and resource efficiency, thus boosting the market's potential.
Market Share by Type of End User
Based on type of end user, the packaging market is segmented into cosmetics & personal care, electronics, food & beverages, household products, industrial goods, and pharmaceuticals. According to our estimates, currently, food and beverage sector captures the majority share of the market. This can be attributed to the increasing demand for packaged products, varied packaging requirements, and an emphasis on freshness and shelf life.However, the pharmaceutical industry is expected to grow at a higher CAGR during the forecast period, driven by strict regulatory standards that require specialized packaging to safeguard medications from contamination, moisture, and physical damage.
Market Share by Geographical Regions
Based on geographical regions, the packaging market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently North America captures the majority share of the market.However, Asia is expected to witness a relatively higher CAGR during the forecast period, driven by the swift development of the food and beverage as well as the pharmaceutical sectors in nations like China and India. The growth of various industries in China significantly boosts the global packaging market.
Packaging Market: Research Coverage
The report on the packaging market features insights on various sections, including:- Market Sizing and Opportunity Analysis: An in-depth analysis of the packaging market, focusing on key market segments, including [A] type of packaging, [B] type of material, [C] type of product, [D] type of end user, and [E] geographical regions.
- Competitive Landscape: A comprehensive analysis of the companies engaged in the packaging market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
- Company Profiles: Elaborate profiles of prominent players engaged in the packaging market, providing details on [A] location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] packaging portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
- SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.
- Value Chain Analysis: A comprehensive analysis of the value chain, providing information on the different phases and stakeholders involved in the packaging market
Key Questions Answered in this Report
- How many companies are currently engaged in packaging market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
Additional Benefits
- Complimentary Excel Data Packs for all analytical modules in the report
- 15% free content customization
- Detailed report walkthrough session with the research team
- Free report update available for reports older than 6 months
Table of Contents
1. PREFACE
2. RESEARCH METHODOLOGY
3. ECONOMIC AND OTHER PROJECT SPECIFIC CONSIDERATIONS
4. MACRO-ECONOMIC INDICATORS
6. INTRODUCTION
7. COMPETITIVE LANDSCAPE
8. COMPANY PROFILES
11. GLOBAL PACKAGING MARKET
12. MARKET OPPORTUNITIES BASED ON TYPE OF PACKAGING
13. MARKET OPPORTUNITIES BASED ON TYPE OF MATERIAL
14. MARKET OPPORTUNITIES BASED ON TYPE OF PRODUCT
15. MARKET OPPORTUNITIES BASED ON TYPE OF END USER
16. MARKET OPPORTUNITIES FOR PACKAGING IN NORTH AMERICA
17. MARKET OPPORTUNITIES FOR PACKAGING IN EUROPE
18. MARKET OPPORTUNITIES FOR PACKAGING IN ASIA
19. MARKET OPPORTUNITIES FOR PACKAGING IN MIDDLE EAST AND NORTH AFRICA (MENA)
20. MARKET OPPORTUNITIES FOR PACKAGING IN LATIN AMERICA
21. MARKET OPPORTUNITIES FOR PACKAGING IN REST OF THE WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amcor
- Anchor Packaging
- Avery Dennison
- Balmer Lawrie
- Berry Global
- CCL Industries
- Cosmo Films
- Crown Holdings
- DS Smith
- Essel Propack
- Georgia-Pacific
- Gerresheimer
- HB Fuller
- Huhtamaki Oyj
- Mondi
- PCA
- Sealed Air
- Smurfit Kappa
- Sonoco Products
- TCPL Packaging
- Tetra Pack
- Uflex Limited
- WestRock
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 172 |
| Published | October 2025 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 1.21 Trillion |
| Forecasted Market Value ( USD | $ 1.8 Trillion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
