Packaging Materials Market

Packaging Materials Market Size Survey Report – In a Glance

As per the survey report on global Packaging Materials Market, the market is projected to foresee a CAGR of 4.9% between 2024-2033, and further generate a market size of USD 2255.3 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 1516.4 billion revenue.

• The global Packaging Materials Market is projected to grow on account of increasing food & beverage sector.
• In Japan, the innovative packaging designs can be attributed to the growth in the Packaging Materials Market.
• KDMI analyst’s growth analysis foresees high-cost of flexible packaging raw material to challenge the market growth.
• Asia Pacific, having the highest market share in the Packaging Materials Market, is projected to dominate the global market.

Packaging Materials Market Analysis

Packaging material implies the secondary materials that are used for protection, storage, management & delivery of final products to the consumers. For the food sector, packaging materials such as compostable trays and vacuum-sealed pouches ensure freshness and avoid spoilage. The beverage sector uses durable choices such as aluminum cans or PCR plastic bottles, safeguarding them from external elements. In regions such as Turkey, approximately 49,025 organizations function in the food sector and the proportion of food manufacturing sector enterprises in the manufacturing sector is approximately 12.4%. The growth of the food sector is one of the significant factors propelling the growth of the packaging materials market. Amcor plc, International Paper Company, DS Smith PLC, Mondi PLC are significant players in the global Packaging Materials market.

Analyst’s Observation on Japan Packaging Materials Market Survey

The packaging industry in Japan is reaching heights due to its innovative designs and inclination towards eco-friendly solutions. The best Japanese packaging designs combine tradition with contemporary aesthetics and focus on sustainability and eco-friendly materials while maintaining a visually attractive appearance. Designs such as Sakai Ichimonji Mitsuhide's packaging design features sleek box packaging, a gold print logo and a solid black colour. Further, designs such as J.TRAD bar packaging design nature-inspired elements, intricate label design and earthly colours. The presence of such innovative designs in the Japanese culture bodes well for the growth of the packaging materials market in the region. Rengo and TOPPAN are significant players in the Japanese Packaging Materials market.

Packaging Materials Market Growth Driver & Market Restraint

Growth Driver

Growing E-commerce sector:

Parcels include double or triple-walled boxes and corrugated boxes for packaging heavy products such as fruits, electronic appliances and other fragile items. A flyer bag is used to store tiny elements such as make-up products. The growing e-commerce sector is another significant growth driver of the packaging materials market. The worldwide e-commerce revenue is anticipated to expand to USD 5.5 trillion by 2027 at a stable 14.9% CAGR. Since 2020, above 90% of B2B organizations have now transitioned to a virtual sales model because of the enhanced procedure efficiencies and improved managing software. Principal segments for B2C e-commerce are consumer, electronics, fashion and furniture followed by health pharmaceuticals, beverages & food.

Market Restraint

High-cost of flexible packaging raw material:

The raw material prices such as paper, plastic and metals are presently producing several packaging products. The supply shortage has resulted in an enhancement in polypropylene’s cost – a chief ingredient in the packaging of films. The amalgamation of high material costs and restricted availability has negative impacts on the competitiveness of the business.

Packaging Materials Market Segmentation

Our experts at KD Market Insights have segmented the global Packaging Materials Market research report as:

Packaging Materials Market Regional Synopsis

Asia Pacific is expected to dominate the Packaging Materials market due to the expanding pharmaceutical sector in regions such as China, South Korea and India. In the previous 5 years, the CAGR of domestic chemical drugs was 15%, and that of domestic biological drugs was 26%. The pharmaceutical industry is anticipated to reach USD 40.6 billion by 2028 at a CAGR of 10%. The Indian Pharma market witnessed an annual growth of around 5% reaching a size of USD 49.78 billion. In 2023, the pharma sector registered an 8% growth in its 4th quarter. The retail industry transports or sells the bulkier or larger items in corrugate boxes as go-to packaging material. The growing retail sector in the Asia Pacific region is another growth driver of the packaging material market. The retail industry in China is anticipated to grow by USD 1.19 billion from 2024 to 2028, with a CAGR of about 8.09%. South Korea’s retail sector witnessed a 6.3% annual growth as of July 2024, propelled by a 16.9% in online sales. The Indian retail industry is evidenced to grow at 9% from 2019 to 2030, from USD 779 billion to USD 1407 billion.

Asia Pacific is the fastest-growing region due to the rise in the beauty and wellness industry. The sales of personal and beauty care in China as of 2021 were registered to be USD 88 billion, an upsurge of 10% in the past year. As of 2021, e-commerce has dominated the sales force in China and more than half of the cosmetics has been sold online. The e-commerce podiums are highly impactful in influencing consumer purchases by offering a podium for the beauty community to share experiences of products and shopping. South Korea is among the top ten beauty markets globally, well known for natural ingredients, innovation and pleasing packaging. As of 2021, the total worth of cosmetics manufactured in South Korea to the pre-pandemic levels, recovering by 9.8% from the past year to USD 14.5 billion and the cosmetic exports hit a record-high surplus of 21.3% from the previous year to USD 9.2 billion. In India, the amount of beauty orders expanded by 13% and the number of Indian shoppers as of 2023 willing to invest in online beauty product purchases rose by 2%.

Packaging Materials Market Competitive Landscape

Some of the key players who top the global Packaging Materials Market share:

• Amcor plc
• Mondi Plc
• Sealed Air Corporation
• A-ROO Company LLC
• Flexpak Services
• Amerplast
• Ajover S.A.S.
• Oliver Packaging & Equipment Company3M
• Graham Packaging Company
• Tetra Pak Group
• Honeywell International Inc.
• International Paper
• Sonoco Products Company
• Westrock Company
• DS Smith
• Berry Global
• Avery Dennison Corporation
• CCL Industries Inc
• Mayr-Melnhof Karton AG
• ProAmpac

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Packaging Material Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product
      2. By Material
      3. By Packaging Material
      4. By Application
      5. By Region
5. Market Segmentation by Product
   1. Rigid Plastics
   2. Flexible Plastics
   3. Paper & Paperboard
   4. Metal
   5. Glass
   6. Wood
   7. Others
6. Market Segmentation by Material
   1. Jars & Containers
   2. Bags & Sacks
   3. Bottles & Cans
   4. Closures & Lids
   5. Films & Wraps
   6. Drums & IBC
   7. Boxes & Cartons
   8. Crates & Pallets
   9. Others
7. Market Segmentation by Packaging Format
   1. Primary Packaging
   2. Secondary Packaging
   3. Tertiary Packaging
   4. Others
8. Market Segmentation by Packaging Format
   1. Primary Packaging
   2. Food & Beverages
   3. Pharmaceuticals & Healthcare
   4. Personal Care & Cosmetics
   5. Automotive
   6. Electrical & Electronics
   7. Chemicals
   8. Household Products
   9. Others
9. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application    
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Product, Material, Packaging Format and Application     
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product, Material, Packaging Format and Application     
10. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
       1. International Paper Company
       2. DS Smith PLC
       3. Mondi PLC
       4. Georgia-Pacific Corporation
       5. Smurfit Kappa Group Plc
       6. Amcor Plc
       7. Berry Global Inc.
       8. Sealed Air
       9. Huhtamaki Oyj
       10. UFlex Limited
       11. Ball Corporation
       12. Ardagh Group
       13. Canpack
       14. Crown Holdings, Inc.
       15. Greif, Inc.
       16. Others
11. Strategic Recommendations
12. Appendix
    1. List of Tables
    2. List of Figures
13. References