Packaging Material Market Expected to Reach USD 7,90,649.5 Billion by 2030 | Growing at a CAGR of 4%

Market Research Future (MRFR) has published on the “Global Packaging Material Market”.

The Packaging Material market is estimated to register a CAGR of 4.0% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global packaging material market— WestRock Company, International Paper, Amcor plc, Mondi, Sealed Air, 3M, A-ROO Company LLC., FlexPak Services, Amerplast, Ajover S.A.S., Oliver Packaging & Equipment Company, Graham Packaging Company, Tetra Pak Group, Honeywell International Inc., Sonoco Products Company, DS Smith, Berry Global Inc., Avery Dennison Corporation, ProAmpac., Mayr-Melnhof Karton AG, CCL Industries, among others.

Market Highlights

The global packaging material market is accounted to register a CAGR of 4.0% during the forecast period and is estimated to reach USD 7,90,649.5 Billion by 2030.

The demand for sustainability is compelling packaging material market to invest in research and development, leading to the creation of new packaging materials and designs. These materials are recyclable, compostable, or biodegradable, offering a path to reducing the impact of packaging waste on the environment. Brands are opting for packaging solutions that use fewer resources, such as lightweight materials, and minimizing excessive or non-recyclable level of packaging. Incorporating sustainable practices in packaging design has also become a competitive edge. Packaging material companies are finding that embracing eco-friendly packaging can differentiate them in the packaging material market, attract conscious consumers, and even cut costs through reduced waste and transportation expenses. Additionally, regulatory bodies are introducing stricter guidelines for packaging, pushing companies to implement sustainable alternatives and reduce the environmental toll of their operations. In conclusion, the packaging material industry is in the midst of a sustainable revolution. The rising demand for eco-friendly packaging solutions from both consumers and businesses has spurred innovation, fostering a market where sustainability and business success go hand in hand. As the world continues to prioritize environmental responsibility, the packaging material market is poised to play a pivotal role in shaping a more sustainable future.

Access full report @ https://www.marketresearchfuture.com/reports/packaging-material-market-12385

Segment Analysis

The global packaging material market has been segmented material, product, level of packaging, and end use industry.

Based on material, the global packaging material market segmentation includes paper and paperboard, rigid plastics, metal, flexible plastics, glass, wood, and others. The paper and paperboard segment held the majority market share in 2022 and is expected to grow at a significant growth rate. Paper and paperboard materials constitute a significant and versatile segment within the packaging material. Paper and paperboard material predominantly used for producing rigid and flexible packaging solutions such as boxes, cups, bags and sacks and wraps. Additionally, paper and paperboard materials are recyclable, aligning with the increasing demand for sustainable and eco-conscious packaging solutions. As consumers become more environmentally aware, the use of paper and paperboard materials in packaging is expected to continue to grow, driven by both their functional and ecological advantages.

Based on product, the global packaging material market segmentation includes containers and jars, bags and sacks, pouches, closures and lids, films and wraps, drums & IBCs, boxes & cartons, crates and pallets, and others. Boxes & cartons segment dominated the market in 2022 and is expected to continue dominating the market during the forecast period 2023-2030. Boxes and cartons are fundamental and versatile packaging products that play a pivotal role in the packaging industry. These packaging products offer multiple benefits. They are cost-effective, environmentally friendly, and customizable to feature branding, product information, and design elements. Their versatility caters to different industries, from food packaging to industrial packaging. Boxes and cartons are integral components of the packaging material market, and their importance is expected to grow as the global packaging industry continues to evolve.

Based on level of packaging, the packaging material market segmentation includes primary packaging, secondary packaging, and tertiary packaging. The primary packaging segment dominated the market in 2022. In the dynamic packaging industry, the role of primary packaging extends beyond functionality, as it significantly influences consumer perception and purchasing decisions. The choice of materials, design, and labeling are all key considerations in primary packaging, as they contribute to a product's market appeal and safety. The packaging technique encompasses a multitude of innovative solutions to meet evolving consumer demands and regulatory standards in an environmentally conscious era.

Based on end use industry, the packaging material market segmentation includes food & beverages, pharmaceuticals and healthcare, personal care and cosmetics, automotive, electrical and electronics, chemicals, household products, others. The food & beverages segment dominated the market in 2022. In the packaging material market, the food and beverages industry stand as a pivotal and ever-evolving segment. Packaging materials serve as a canvas for branding and marketing in the competitive food and beverage landscape, with labels, designs, and materials contributing to product recognition and consumer appeal. Sustainability is an increasingly significant aspect of packaging materials in the food and beverage industry. The market is witnessing a shift toward eco-friendly, biodegradable, and recyclable materials to address environmental concerns and meet consumer demands for sustainable packaging.

Regional Analysis

The global packaging material market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Packaging Material market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Europe Packaging Material market comprises of Germany, France, UK, Italy, Spain, and the rest of Europe. The Middle East and Africa Packaging Material market comprises of Saudi Arabia, South Africa, UAE and Rest of Middle East and Africa. The South America Packaging Material market comprises of Brazil, Mexico, Argentina, Peru, Chile, and Rest of South America.

The Asia Pacific Packaging Material Market held the largest market share in 2022 and it is expected to grow at a significant CAGR during the forecast period. The proliferation of online shopping has further boosted the packaging material industry, with consumers demanding secure and efficient packaging solutions to protect their purchases during transit. This trend has led to innovations in protective packaging and increased opportunities for market players, as Asia-Pacific continues to experience rapid urbanization and an upsurge in disposable income, driving the demand for convenient, sustainable, and aesthetically pleasing packaging options. In response, manufacturers in the region are actively investing in research and development to create cutting-edge, eco-friendly packaging solutions to meet these evolving needs.

European packaging material manufacturers are increasingly focusing on the development of flexible, lightweight, and cost-effective materials without compromising on durability and safety. Moreover, the region's stringent regulatory framework, coupled with growing consumer awareness, has catalyzed the integration of innovative designs and materials that align with the principles of a circular economy, fostering a sustainable and responsible approach to packaging production and consumption. As a result, Europe continues to be a significant player in the global packaging material market, driving forward the industry's progress towards a greener and more efficient future.

North America is one of the prominent regional markets for the Packaging Material including Canada, the United States, Mexico, and others. The United States is North America's largest and fastest-growing Packaging Material market. Leading manufacturers and large companies driving the Packaging Material market in North America. North America's diverse consumer base and thriving retail market create a constant demand for packaging solutions that cater to various industries, such as food and beverages, pharmaceuticals, electronics, and cosmetic. The industry continues to evolve, driven by advancements in materials science, automation, and digital printing technologies, ensuring that packaging plays a central role in branding and product differentiation.

South American countries have been a promising venue for global companies. As the South American population increasingly migrates to urban areas, a profound shift in lifestyle and consumption patterns has emerged. The demand for convenient and user-friendly packaging solutions has surged in response to the fast-paced urban living, giving rise to a growing preference for flexible packaging options, including pouches and wraps. These flexible packaging formats offer a host of benefits perfectly suited to the urban lifestyle. Additionally, as disposable incomes in South America increase, consumers are able to spend more on packaged goods. This is driving demand for a wider variety of packaging materials, including flexible packaging, rigid packaging, and paper-based packaging.

The opportunities for packaging material companies in developing regions like the Middle East and Africa are impressive. The region has a rapidly growing population, which boosts the demand for various consumer goods and, in turn, packaging materials. The growth of modern retail formats such as supermarkets, hypermarkets, and convenience stores has increased the demand for attractive and functional packaging materials. Additionally, the Middle East and Africa serve as a strategic gateway between various regions, including Asia, Europe, and the Americas. This geographical positioning makes the region a vital hub for trade and commerce.

Key Findings of the Study

• The global packaging material market is expected to reach USD 7,90,649.5 Billion by 2030, at a CAGR of 4.0% during the forecast period.


• The Asia-Pacific region held the largest market share due to vast and diverse consumer base, expanding online sector, and flourishing manufacturing industries.


• Based on end use industry, the food & beverage segment was attributed to holding the largest market in 2022, and pharmaceuticals and healthcare segment held the second largest market share.


• WestRock Company, International Paper, Amcor plc, Mondi, Sealed Air, 3M, A-ROO Company LLC., FlexPak Services, Amerplast, Ajover S.A.S., Oliver Packaging & Equipment Company, Graham Packaging Company, Tetra Pak Group, Honeywell International Inc., Sonoco Products Company, DS Smith, Berry Global Inc., Avery Dennison Corporation, ProAmpac., Mayr-Melnhof Karton AG, CCL Industries, among others.


• Based on product, the boxed & cartons segment held the largest market share in 2022 and containers & jars segment held the second largest market share in 2022.