Packaging Market size was valued at USD 94.7 Bn. in 2023 and the total packaging revenue is expected to grow at a CAGR of 3.5% from 2024 to 2030, reaching nearly USD 120.48 Bn.

Packaging Market Overview

Stellar Market Research, an Packaging business research firm has published a report on the “Packaging Market”. As per the “Packaging report,” the total market for Packaging Market was USD 94.7 Billion in 2023 and is expected to reach USD 120.48 Billion by 2030.

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Packaging Market Report Scope and Research Methodology

The report on the Market covers an in-depth analysis of the industry. Key insights of the report include the Packaging Market size and the growth rate. Statistical and analytical tools are then used to analyse the data, identify market trends, estimate market size and growth potential. Additionally, competitive analysis may be conducted to understand the market share, product offerings, and competitive strategies of key market players. Comprehensive research is crucial for providing accurate and dependable insights into the Packaging Market, and guiding decision-makers about the present and future status of the market.

Such an analysis provides valuable information on market penetration, regional dominance and growth strategies adopted by the key players in the market. Swot analysis is used to identify the strength and weaknesses of the market. The bottom-up approach was used to estimate the Packaging Market size

Packaging Market Regional Insights

The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the Packaging market status in various countries.  The Packaging market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Packaging Market Segmentation

Based on Material, the market is divided into Paper and Paperboard, Rigid Plastics, Flexible, Metal, Glass, and Others. Paper and Paperboard witnessed the highest market share in 2023 and continue its dominance in the forecast period. The rising popularity of liquid packaging cartons like Tetra Packs and pouches is anticipated to drive growth in the paper-based packaging market. Corrugated paperboard packaging offers a versatile and cost-effective solution for safeguarding, preserving, and transporting a diverse array of products. This packaging serves key industries including processed foods, fresh produce, beverages, and electrical goods worldwide. With increasing demand for convenience foods amidst shifting consumer preferences, the processed food segment is poised to capture a significant market share.

By Material

Paper and Paperboard

Rigid Plastics

Flexible

Metal

Glass

Others

By Function

Cushioning

Blocking and Bracing

Void-fill

Insulation

Wrapping

Others

By Application

Food

Beverage

Healthcare

Cosmetics

Industrial

Others

To delve deeper into this research, please follow this link: https://www.stellarmr.com/report/Packaging-Market/1869 

Packaging Market Key Players

North America

International Paper Company (Memphis, Tennessee, USA)
Sealed Air Corporation (Charlotte, North Carolina, USA)
WestRock Company (Atlanta, Georgia, USA)
Ball Corporation (Broomfield, Colorado, USA)
Crown Holdings, Inc. (Philadelphia, Pennsylvania, USA)
Packaging Corporation of America (Lake Forest, Illinois, USA)
Sonoco Products Company (Hartsville, South Carolina, USA)
Berry Global Group, Inc. (Evansville, Indiana, USA)
Graphic Packaging Holding Company (Atlanta, Georgia, USA)
Bemis Company, Inc. (Neenah, Wisconsin, USA)
AptarGroup, Inc. (Crystal Lake, Illinois, USA)

Europe:

Amcor plc (Zurich, Switzerland)
Tetra Pak (Pully, Switzerland)
Mondi plc (Vienna, Austria)
DS Smith plc (London, United Kingdom)
Smurfit Kappa Group plc (Dublin, Ireland)
Huhtamäki Oyj (Espoo, Finland)
Ardagh Group (Luxembg City, Luxembg)
RPC Group (Rushden, United Kingdom)

Asia Pacific

Rengo Co., Ltd. (Osaka, Japan)
Oji Holdings Corporation (Tokyo, Japan)
Orora Limited (Victoria, Australia)
Visy Industries (Victoria, Australia)
Nippon Paper Industries Co., Ltd. (Tokyo, Japan)

Key questions answered in the Packaging Market are:

• What is Packaging ?
• What was the Packaging market size in 2023?
• What is the growth rate of the Packaging Market?
• Which are the factors expected to drive the Packaging market growth?
• What are the different segments of the Packaging Market?
• What growth strategies are the players considering to increase their presence in Packaging ?
• What are the upcoming industry applications and trends for the Packaging Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Packaging Market?
• What segments are covered in the Packaging Market?
• Who are the leading companies and what are their portfolios in Packaging Market?
• What segments are covered in the Packaging Market?
• Who are the key players in the Packaging market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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