Authored By: Sarah
11 Jul 2024

 Secondary Packaging Market Size to grow by USD 86.2 billion between 2024-2028

According to a research report “ Secondary Packaging Market” by Type (Paper, Plastic) Application (Food, Beverages, Pharmaceuticals, Personal and home care, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 86.2 billion, at a CAGR of  4.6% during the forecast period. The global e-commerce sector has experienced remarkable expansion over the past decade and is projected to continue growing at an exponential rate. This burgeoning market, characterized by online shopping, has led to a surge in demand for secondary packaging solutions, such as corrugated boxes, to facilitate the secure transportation of commodities purchased online. The convenience offered by e-commerce has attracted a substantial number of consumers away from traditional shopping methods. In the e-commerce landscape, effective secondary packaging is increasingly becoming a business necessity, driving market growth for these products. Online retailers select various types of secondary packaging based on the nature of the goods being shipped, ensuring their safe delivery to consumers.

Browse market data tables, figures, and in-depth TOC on “Secondary Packaging Market” by Type (Paper, Plastic) Application (Food, Beverages, Pharmaceuticals, Personal and home care, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the Paper segment is projected to dominate the market size in 2024

The global secondary packaging market experienced significant growth in the food segment in 2022, driven by the increasing demand for convenient and ready-to-eat food solutions. With evolving lifestyles and changing food consumption habits, the working population's preference for healthy, on-the-go options has surged. Consumers in this demographic face time constraints for meal preparation, leading to a heightened demand for packaged and processed food items. This trend is expected to continue during the forecast period, fueling the expansion of the secondary packaging market within the food industry.

By Application, Food  segment is expected to hold the largest market size for the year 2024

In the realm of secondary packaging, paper-based solutions have emerged as a preferred choice for businesses seeking sustainability and eco-friendliness. This segment encompasses a wide array of paper-based materials, including corrugated cardboard boxes, cartons, paperboard packaging, and protective wrap. The increasing environmental consciousness, coupled with the detrimental impact of plastic on the ecosystem, has fueled the demand for these eco-friendly alternatives. Sourced primarily from renewable resources such as responsibly managed forests, paper-based packaging materials are easily recyclable or biodegradable, making them an attractive option for businesses aiming to minimize their carbon footprint.

North America is forecasted to hold the largest market size by region in 2024

The secondary packaging market encompasses the production and sale of packaging materials and solutions utilized for the protection and promotion of primary packaged goods. This market caters to various industries, including food and beverage, pharmaceuticals, and consumer goods, by providing value-added services such as branding, product differentiation, and logistical efficiency. Key trends include the increasing demand for sustainable and eco-friendly packaging options, as well as the integration of technology for improved traceability and supply chain transparency.

The Secondary Packaging Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Amcor Plc
  • Ball Corp.
  • Berry Global Inc.
  • Catalent Inc.
  • Crown Holdings Inc.
  • Daio Paper Corp.
  • DS Smith Plc
  • Graphic Packaging Holding Co.
  • Huhtamaki Oyj
  • International Paper Co.
  • Mondi Plc
  • Packaging Corp. of America
  • Rengo Co. Ltd.
  • Salzgitter AG
  • Sealed Air Corp.
  • Smurfit Kappa Group
  • Sonoco Products Co.
  • Stora Enso Oyj
  • Tetra Laval SA
  • WestRock Co.
.

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Research Analysis Overview

The secondary packaging market encompasses various types of packaging solutions used to protect and transport primary packaged products. This market includes the use of bulk packaging, such as plastic crates and corrugated boxes, as well as outer packaging solutions like trays, cartons, shrink films, and wraps and films. Secondary packaging plays a crucial role in ensuring product safety during transportation and storage. It protects against external factors like physical damage, infestation, moisture, and appearance damage. In industries like consumer electronics, healthcare, beverage, and food and beverage, secondary packaging is essential for maintaining product quality and consumer appeal. Paper and paperboard, such as folding cartons, are popular choices for secondary packaging due to their cost-effectiveness and sustainability. However, for sensitive items like electronics, plastic crates and shrink films may be preferred to prevent damage. Corrugated boxes, trays, and cartons are also widely used for various industries, including healthcare and consumer electronics, to provide additional protection and branding opportunities. Overall, the secondary packaging market continues to evolve to meet the unique needs of various industries and product types.

Market Research Overview

The secondary packaging market is witnessing significant growth in various industries, including Electrical, Pharmaceuticals, Chemicals, Food & Beverages, and Electronics. In the Electrical industry, folding cartons segment is popular for home delivery of LED lights and electronic products due to their lightweight and eco-friendly nature. The Pharmaceuticals industry relies on secondary packaging for ensuring product safety, tamper-evident features, and regulatory information. E-commerce websites are driving the demand for eco-friendly secondary packaging in various sectors. Paper and paperboard, such as folding cartons, are preferred for their ability to protect against physical damage, infestation, and moisture. Eco-friendly materials, like recycled solutions and biodegradable alternatives, are gaining popularity due to environmental concerns. The Food & Beverages industry uses various forms of secondary packaging, including shrink films, trays, and cartons, for product marketing and consumer convenience. Eco-friendly practices are essential in this sector due to the high volume of raw materials used and the need to address external factors like appearance, damage, and product safety. The Cosmetics, Haircare, and Skincare industries use secondary packaging for product display, brand marketing, and protection. Eco-friendly materials and practices are increasingly important in this sector as consumers demand more sustainable options. The Chemicals industry uses bulk packaging for large quantities of products, while the Tourism industry relies on plastic crates and corrugated boxes for transporting goods. Regardless of the industry, secondary packaging plays a crucial role in protecting products during transport, ensuring consumer safety, and supporting product marketing efforts.

Contacts

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/

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