Packaging Solution Market: Global Industry Analysis and Forecast (2024-2030)

  • Packaging Solution Market size was valued at USD 1250.25 Bn. in 2023 and the Packaging Solution revenue is expected to grow at a CAGR of 4.36% from 2024 to 2030, reaching nearly USD 1685.19 Bn. by 2030.

  • Format : PDF | Report ID : SMR_1987

Packaging Solution Market Overview:

The Packaging Solution Industry sector of all the major countries derives its strength from the large volume of Food and beverages industry, Healthcare industry, cosmetic industry and others. The steady growth in all this industries and the continually increasing demand is fuelled by rising incomes. The Packaging Solution sector is highly fragmented and extremely competitive. The top 25 to 30 companies account for under 25 percent of the total market; over a thousand small, private companies account for the bottom 25 percent. Between these two segments, there are over 500 small to midsize companies. On the Herfindahl-Hirschman index, which measures the typical size of firms in relation to their industry on a scale of 0 to 10,000, Packaging Solution scores 20. The low score indicates a large number of very small companies and a competitive landscape.               

 

The Packaging Solution market provides market size, share, scope, growth, and potential of the industry. It offers valuable in application to help businesses identify opportunities and potential risks within the market. Also the global Packaging Solution market research reports provide detailed analysis of market conditions, trends, challenges, and recommendations for stakeholders in the industry.

Packaging Solution Market

 

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Packaging Solution Market Dynamics:

Maximizing Packaging Solutions for Fresh Fruit and Vegetables

The packaging solution market is driven by evolving consumer preferences, sustainability concerns, and technological advancements. Growing e-commerce activities fuel demand for innovative packaging solutions, while regulations promoting eco-friendly materials reshape industry standards. Competition intensifies as companies strive to offer cost-effective, efficient, and environmentally conscious packaging options. Studies have shown that Food industries fresh fruit and vegetables segment is the most perishable food items. Fresh fruit and vegetables account for the highest share of food losses and is usually among the most wasted items, followed by other perishables such as bakery and dairy products, then meat and fish. Considering that fruits and vegetables are a growing component of meals, either out of preference or need to meet nutritional requirements, the fresh fruit and vegetables cluster offers a lot of opportunities and potentials to the packaging industry.     

 

Challenges and Impacts of Global Packaging Regulations on Trade Access and Technology Innovation

The trade without borders is putting pressure on the packaging solution industries, which in turn respond in terms of fast-changing packaging technologies and practices, national regulatory bodies are not keeping up in pace, thereby limiting trade access specifically of developing countries. Variations as well as constant policy changes, together with the problem of compliance, lead to product damage and even rejection of products already shipped, with the lack of information in terms of policies including packaging requirements being great contributors. These regulations often have packaging component clauses. Policies and regulations impact as well on the introduction and acceptability, more so on the commercialization, of a packing and packaging technology.  

Packaging Solution Market1

Packaging Solution Market Segment Analysis:

By Type, There are a variety of different types of solutions for packaging in the market with rigid packaging serving many different industries such as food and beverages Pharmaceuticals as well as personal care products due to it being long-lasting and having good form support. On the other hand, flexible packaging offers high degree of flexibility and is cost-effective, making it ideal for lightweight and custom solutions addicted applications. While hybrid packaging solutions focus on improvement of storage and transport efficiency by combining protective properties of rigid packaging with versatility of flexible packages.

Packaging Solution Market2

Packaging Solution Market Regional Insight:

The developed regions demonstrate a mature market including North America and Europe; this is due to their strict regulations that emphasise on sustainability and recyclability hence leading to innovative ideas of creating eco-friendly materials and designs. However, the economies of emerging markets in Asia Pacific and Latin America are increasing urbanization rates and disposable incomes that cause demands for packaging solutions in the food and beverage, health care, and e-commerce industries.

 

Packaging Solution Market Competitive Landscape:

  • In August 2022, Amcor PLC purchased a state-of-the-art flexible packaging facility in the Czech Republic. Because of the site's advantageous position, Amcor is better able to satisfy growing customer demand throughout its flexible packaging network throughout Europe.

 

  • In March 2022, In order to grow its business, Crown Holdings, Inc. is constructing a new beverage can facility in Peterborough, UK. Its position in the European region will be strengthened by this expansion.

 

Packaging Solution Market Scope:

Packaging Solution Market

Market Size in 2023

USD 1250.25 Bn.

Market Size in 2030

USD 1685.19 Bn.

CAGR (2024-2030)

4.36 %

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

   Segments

By type

Primary packaging

Secondary packaging

Tertiary packaging

By End User

Food & Beverages

Healthcare

Personal care

Others

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

Packaging Solution Market Key Players:

  1. Amcor plc
  2. INTERNATIONAL PAPER COMPANY
  3. Sealed air corporation
  4. DS smith plc
  5. Sonoco products company
  6. Westrock company
  7. SMURFIT KAPPA GROUP PLC
  8. Mondi group
  9. huhtamaki oyj
  10. stora enso oyj
  11. Ball Corporation
  12. Silgan Holdings Inc Source
  13. Crown Holdings, Inc.  
  14. Graphic Packaging International
  15. Berry Global Group
  16. Constantia Flexibles Group GmbH
  17. Coveris Holdings S.A.
  18. Klöckner Pentaplast Group
  19. Tetra Laval International S.A
  20. Rengo Co., Ltd.
  21. XX Ltd


Frequently Asked Questions

Growing e-commerce activities is the driver of the Packaging Solution Market.

1.    Packaging Solution Market: Research Methodology 
2.    Packaging Solution Market: Executive Summary
3.    Packaging Solution Market: Competitive Landscape
4.    Potential Areas for Investment

4.1. Stellar Competition Matrix
4.2. Competitive Landscape
4.3. Key Players Benchmarking
4.4. Market Structure
4.4.1.    Market Leaders 
4.4.2.    Market Followers
4.4.3.    Emerging Players

4.5. Consolidation of the Market
5.    Packaging Solution Market Import Export Landscape
5.1. Import Trends
5.2. Export Trends
5.3. Regulatory Compliance
5.4. Major Export Destinations
5.5. Import-Export Disparities
6.    Packaging Solution Market: Dynamics
6.1. Market Trends by Region
6.1.1.    North America
6.1.2.    Europe
6.1.3.    Asia Pacific
6.1.4.    Middle East and Africa
6.1.5.    South America

6.2. Market Drivers by Region
6.2.1.    North America
6.2.2.    Europe
6.2.3.    Asia Pacific
6.2.4.    Middle East and Africa
6.2.5.    South America

6.3. Market Restraints
6.4. Market Opportunities
6.5. Market Challenges
6.6. PORTER’s Five Forces Analysis
6.7. PESTLE Analysis
6.8. Strategies for New Entrants to Penetrate the Market
6.9. Regulatory Landscape by Region
6.9.1.    North America
6.9.2.    Europe
6.9.3.    Asia Pacific
6.9.4.    Middle East and Africa
6.9.5.    South America

7.    Packaging Solution Market Size and Forecast by Segments (by Value Units)
7.1. Packaging Solution Market Size and Forecast, by type (2023-2030)
7.1.1.    Primary packaging 
7.1.2.    Secondary packaging
7.1.3.    Tertiary packaging

7.2. Packaging Solution Market Size and Forecast, by End User (2023-2030)
7.2.1.    Food & Beverages
7.2.2.    Healthcare
7.2.3.    Personal care
7.2.4.    Others

7.3. Packaging Solution Market Size and Forecast, by Region (2023-2030)
7.3.1.    North America
7.3.2.    Europe
7.3.3.    Asia Pacific
7.3.4.    Middle East and Africa
7.3.5.    South America

8.    North America Packaging Solution Market Size and Forecast (by Value Units)
8.1. North America Packaging Solution Market Size and Forecast, by type (2023-2030)
8.1.1.    Primary packaging 
8.1.2.    Secondary packaging
8.1.3.    Tertiary packaging

8.2. Packaging Solution Market Size and Forecast, by End User (2023-2030)
8.2.1.    Food & Beverages
8.2.2.    Healthcare
8.2.3.    Personal care
8.2.4.    Others

8.3. North America Packaging Solution Market Size and Forecast, by Country (2023-2030)
8.3.1.    United States
8.3.2.    Canada
8.3.3.    Mexico

9.    Europe Packaging Solution Market Size and Forecast (by Value Units)
9.1. Europe Packaging Solution Market Size and Forecast, by type (2023-2030)
9.1.1.    Primary packaging 
9.1.2.    Secondary packaging
9.1.3.    Tertiary packaging

9.2. Packaging Solution Market Size and Forecast, by End User (2023-2030)
9.2.1.    Food & Beverages
9.2.2.    Healthcare
9.2.3.    Personal care
9.2.4.    Others

9.3. Europe Packaging Solution Market Size and Forecast, by Country (2023-2030)
9.3.1.    UK
9.3.2.    France
9.3.3.    Germany
9.3.4.    Italy
9.3.5.    Spain
9.3.6.    Sweden
9.3.7.    Russia 
9.3.8.    Rest of Europe

10.    Asia Pacific Packaging Solution Market Size and Forecast (by Value Units)
10.1. Asia Pacific Packaging Solution Market Size and Forecast, by type (2023-2030)
10.1.1.    Primary packaging 
10.1.2.    Secondary packaging
10.1.3.    Tertiary packaging

10.2. Packaging Solution Market Size and Forecast, by End User (2023-2030)
10.2.1.    Food & Beverages
10.2.2.    Healthcare
10.2.3.    Personal care
10.2.4.    Others

10.3. Asia Pacific Air Traffic Control (ATC) Communications Market Size and Forecast, by Country (2023-2030)
10.4. China
10.5. S Korea
10.6. Japan
10.7. India
10.8. Australia
10.9. Indonesia 
10.10. Malaysia
10.11. Vietnam
10.12. Taiwan
10.13. Bangladesh
10.14. Pakistan
10.15. Rest of Asia Pacific

11.    Middle East and Africa Packaging Solution Market Size and Forecast (by Value Units)
11.1. Middle East and Africa Packaging Solution Market Size and Forecast, by type (2023-2030)
11.1.1.    Primary packaging 
11.1.2.    Secondary packaging
11.1.3.    Tertiary packaging

11.2. Middle East and Africa Market Size and Forecast, by End User (2023-2030)
11.2.1.    Food & Beverages
11.2.2.    Healthcare
11.2.3.    Personal care
11.2.4.    Others

11.3. Middle East and Africa Packaging Solution Market Size and Forecast, by Country (2023-2030)
11.3.1.    South Africa
11.3.2.    GCC
11.3.3.    Egypt
11.3.4.    Nigeria
11.3.5.    Rest of ME&A

12.    South America Packaging Solution Market Size and Forecast (by Value Units)
12.1. South America Packaging Solution Market Size and Forecast, by type (2023-2030)
12.1.1.    Primary packaging 
12.1.2.    Secondary packaging
12.1.3.    Tertiary packaging

12.2. South America Market Size and Forecast, by End User (2023-2030)
12.2.1.    Food & Beverages
12.2.2.    Healthcare
12.2.3.    Personal care
12.2.4.    Others

12.3. South America Packaging Solution Market Size and Forecast, by Country (2023-2030)
12.3.1.    Brazil
12.3.2.    Argentina
12.3.3.    Rest of South America

13.    Company Profile: Key players
13.1. 2.INTERNATIONAL PAPER COMPANY
13.1.1.1.    Company Overview
13.1.1.2.    Financial Overview
13.1.1.3.    Business Portfolio
13.1.1.4.    SWOT Analysis
13.1.1.5.    Business Strategy 
13.1.1.6.    Recent Developments

13.2. Amcor plc
13.3. INTERNATIONAL PAPER COMPANY 
13.4. Sealed air corporation 
13.5. DS smith plc
13.6. Sonoco products company
13.7. Westrock company
13.8. SMURFIT KAPPA GROUP PLC 
13.9. Mondi group
13.10. huhtamaki oyj
13.11. stora enso oyj
13.12. Ball Corporation
13.13. Silgan Holdings Inc Source
13.14. Crown Holdings, Inc.  
13.15. Graphic Packaging International
13.16. Berry Global Group
13.17. Constantia Flexibles Group GmbH
13.18. Coveris Holdings S.A.
13.19. Klöckner Pentaplast Group
13.20. Tetra Laval International S.A
13.21. Rengo Co., Ltd. 
14.    Key Findings
15.    Industry Recommendation

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