Latest News- Packaging Market: Board is expected to lead the Type segment during 2025-2029

The Packaging Market is being driven by Growth of food delivery and takeaway services

The Packaging Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 297.6 billion. The packaging market is witnessing significant growth due to continuous product innovation by key players. For instance, Amcor Plc's introduction of AmFiber, a recyclable paper-based packaging platform for various consumer goods, sets a new standard in sustainability. Meanwhile, Ball Corporation's expansion into South America with a new manufacturing plant in Peru signifies the increasing demand for aluminum cans in the global market. These strategic moves encourage competition and foster growth in the packaging industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Board
  • Rigid plastic
  • Flexible
  • Metal
  • Glass
• End-user
  • Food
  • Beverage
  • Healthcare
  • Personal care
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of food delivery and takeaway services
• Rise in need for innovative packaging
• Increase in demand for digitally printed packaging

However, the market also witnesses some limitations, which are as follows:

• High cost of recycling rigid plastic products
• Contamination of food during packaging
• Environmental concerns over use of plastic packaging

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Market Scope in Packaging Market Research Report

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Research Analysis Overview

The Packaging Market encompasses various product categories including high-barrier films, stand-up retort pouches, metal tins, glass jars, and packaging for food and beverages, personal care items, and department stores. Other packaging solutions include fiber-based egg cartons, foam egg packaging, advanced film technology, lightweight foam plastics, corrugated boxes, and rigid protective packaging. Sustainable options such as biodegradable plastics, recycled paper, and compostable packaging are gaining popularity due to stringent regulations.

Market Research Overview

In the dynamic packaging market, various sectors such as food and beverages, personal care, and department stores, require diverse packaging solutions. The market encompasses a multifaceted supply chain, involving raw material suppliers and manufacturers of metal containers, glass jars, and high-performance plastics like high-barrier films, Stand-up retort pouches, and eco-friendly packaging. Raw materials include steel, aluminum, tin, borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). Advanced printing technology and cost-effective attributes are crucial factors in the manufacturing process, ensuring the production of slimline collections that cater to evolving consumer preferences.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/