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

The Secondary Packaging Market is being driven by Growing e-commerce industry

The Secondary Packaging Market is expected to grow at a CAGR of 4.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 86.9 billion. In the dynamic secondary packaging market, vendors have adopted strategic business maneuvers, such as mergers and acquisitions (M&A), to bolster their market presence. This trend is particularly evident in the pursuit of expanding geographical reach, with a focus on sustainable packaging gaining prominence in regions like North America and Europe. One recent instance of this trend is Amcor's January 2023 acquisition of MDK, a Shanghai-based medical device packaging provider. This strategic move strengthens Amcor's leadership in the APAC medical packaging segment, adding four manufacturing sites in China, India, and Southeast Asia to its portfolio. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Paper
  • Plastic
• Application
  • Food
  • Beverages
  • Pharmaceuticals
  • Personal and home care
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

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

• Growing e-commerce industry
• Increasing need for sustainable packaging solutions
• Increasing demand for processed and packaged foods

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

• Rising cost of raw materials
• Possibility of contamination of non-durable products in corrugated boxes
• Stringent regulations on manufacturing plastic-based secondary packaging

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Market Scope in Secondary Packaging Market Research Report

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Research Analysis Overview

The Secondary Packaging Market comprises various types of packaging solutions, including Folding Cartons, Corrugated Boxes, Plastic Crates, Wraps and Films, for the enclosure and protection of primary packages. Sectors like Beverage, Healthcare, Consumer Electronics, and Food and Beverage utilize these packaging forms. Cartons, Trays, Outer packaging, Shrink films, and Primary package envelopment are key offerings. External factors like damage, appearance, moisture, and infestation necessitate the use of these solutions for effective Bulk packaging of sensitive items in Paper and paperboard, Electronics, and other industries.

Market Research Overview

In the secondary packaging market, various types of packaging solutions cater to diverse industries, including Folding Cartons for consumer goods, Corrugated Boxes for industrial applications, Plastic Crates for heavy-duty transport, Wraps and Films for protective covering, and Beverage, Healthcare, Consumer Electronics, Cartons, Trays, and Film bundles for specific product requirements. The value chain involves suppliers of raw materials, such as 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), who contribute significantly to the production process. This intricate supply chain ensures the delivery of high-quality packaging solutions to meet the demands of various sectors.. 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/