Opportunities in the Global Packaging Industry 2024

Global packaging volumes increased from 3.7 trillion units in 2018 to 4.1 trillion units in 2023, recording a CAGR of 2% during 2018-23. Volumes are forecast to reach 4.5 trillion units in 2028, recording a CAGR of 2.1% during 2023-28. Asia-Pacific was the largest market in the global packaging industry with a 46.3% share of total volumes in 2023. The region will record the fastest CAGR of 2.9% during 2023-28. In 2023, rigid plastics held a 31.4% share of total packaging consumption, followed by flexible packaging and paper & board packaging with shares of 30.5% and 15.2%, respectively. Rigid plastics consumption will post the fastest CAGR of 2.6% among all pack materials during the forecast period, followed by flexible packaging and rigid metal which will each register a CAGR of 2.4% during 2023-28.

Scope

This report brings together multiple data sources to provide a comprehensive overview of packaging in the global packaging industry. It includes analysis on the following :

• Global overview: Provides an overview of the packaging industry at the global level. The analysis also provides an overview across five regions-Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting key sectors and growth drivers.
• Country deep dive: Provides an overview of the pack materials across the sectors in the global packaging industry in select countries in each region.
• Market overview: Provides an overview of the usage of different pack materials across different industries in terms of the number of units, packaging share, and growth rates during 2018-28, in addition to key packaging innovations for the pack materials analyzed. The report also provides an overview of the shift in utilization of various pack materials across sectors during 2023-28.
• Key pack materials: Includes data and analysis-number of units (millions) and growth rates-for five key pack materials, namely rigid plastics, rigid metal, glass, paper & board, and flexible packaging, during 2018-28. It also includes data and analysis for pack materials other than the previously mentioned five. Additionally, the section covers:
• Pack sub-type: Includes aerosol - metal, box - rigid plastic, carton - carton board, box - liquid packaging board, box - other material, foil - aluminum, pod - paper, flexible plastic, tray - aluminum, tube - flexible plastic, other flexible packaging pack types - all sub-types, HDPE, PET, etc.
• Pack type: Includes aerosol, bag-in-box, bag/sachet, blister pack, bottle, box, bubble top, can, carton-folding, carton-liquid, clamshell, etc.
• Closure material: Includes metal, plastic, glass, natural cork, synthetic cork, and others.
• Closure type: Includes cap, crown, dispenser, film, flip/snap top, foil, lever closure, plastic tie, prize off, screw top, sports cap, stopper, and twist off.
• Primary outer material: Includes flexible packaging, board, rigid plastic, and others.
• Primary outer type: Includes bag, blister pack, carton-folding, shrink wrap, sleeve, and others.

Reasons to Buy

• Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the industry globally. The report provides a detailed analysis of the countries in specific regions, covering the key challenges, and future growth opportunities that can help companies gain insight into the country/region specific nuances. The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.