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Packaging Market Research Report Information by Packaging Material (Plastic, Paper and Paperboard, Glass, Metal), By Packaging Type (Flexible Packaging and Rigid Packaging), By Printing Technology (Offset, Flexography, Screen, Gravure, and Digital), By End-user (Food, Beverage, Beauty and Personal Care, Industrial Pharmaceutical, and Others), and by Region (USA, Europe, and Africa) –Market Forecast Till 2032


ID: MRFR/PNT/9418-CR | 152 Pages | Author: Snehal Singh| August 2022

Global Packaging Market Overview


Packaging Market Size was valued at USD 517,862.2 Million in 2022. The Packaging industry is projected to grow from USD 532,645.5 Million in 2023 to USD 726,369.0 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 3.5% during the forecast period (2024 - 2032). Strong push towards sustainable yet recyclable form of packaging across the continents reinforces the sales of packaging solutions to a significant extent. In addition, Rising manufacturing output from end use industries such as food and beverages, pharmaceuticals and personal care generate substantial demand for packaging solutions.


Packaging Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Packaging Market Trends




  • Growth of the organized retail sector to boost market growth.




The expansion of the organized retail sector has played a pivotal role in propelling the packaging market into a phase of robust growth. Organized retail encompasses the large-scale retailing of products through meticulously structured outlets such as supermarkets, hypermarkets, and department stores. The operational scale of these organized retailers necessitates the packaging and transportation of substantial quantities of products, demanding a level of efficiency that ensures the safety, quality, and presentation of goods. Packaging assumes a critical role in the retail industry, serving as a multifaceted tool that shields products from potential damage during transit, safeguards the quality and freshness of items, and strategically presents an aesthetically appealing display to captivate and engage consumers. As the organized retail sector has evolved both in scale and significance, the corresponding surge in demand for packaging solutions has been nothing short of pronounced. The packaging industry has adeptly responded to this escalating demand by fostering the development of innovative solutions that not only meet functional requirements but also encompass visually appealing, eco-friendly, and cost-effective attributes.


The emergence of sustainable and recyclable packaging materials to drive the market growth.


The ascendancy of sustainable and recyclable packaging materials stands as a pivotal driver propelling the growth trajectory of the packaging industry. In an era where environmental consciousness is a guiding principle, businesses are increasingly recognizing the imperative to adopt eco-friendly packaging solutions. This paradigm shift is propelled by a confluence of factors, including heightened consumer awareness, regulatory pressures, and corporate sustainability commitments. As consumers prioritize eco-conscious choices, brands are compelled to recalibrate their packaging strategies, positioning sustainability as a central tenet of their operations. The incorporation of sustainable and recyclable packaging materials is more than a mere response to regulatory mandates; it has become a strategic imperative for market competitiveness. Brands that embrace environmentally responsible packaging not only align themselves with evolving consumer values but also differentiate their products in a crowded marketplace. This shift is reshaping the industry landscape, prompting stakeholders to innovate and invest in materials that minimize environmental impact while ensuring product integrity and appeal.


Packaging Market Segment Insights


Packaging Market by Packaging Material Insights


Based on packaging material, the packaging market is segmented into: Plastic, Paper and Paperboard, Glass, and Metal. 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 are versatile materials widely employed in the packaging industry due to their numerous advantages, including sustainability, cost-effectiveness, and flexibility. These materials are derived from wood fibres, making them renewable and biodegradable, aligning with the growing emphasis on eco-friendly packaging solutions. Paper and paperboard primarily originate from wood pulp, obtained through the chemical or mechanical pulping of wood.


Figure 1: Packaging Market, by Packaging Material, 2022 & 2032 (USD Million)


Packaging Market, by Packaging Material, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Packaging Market by Packaging Type Insights

Based on packaging type, the Packaging Market segmentation includes Flexible Packaging and Rigid Packaging. Rigid packaging segment dominated the market in 2022. Rigid packaging refers to containers and packaging materials that possess a sturdy and inflexible structure, providing robust protection to the contents within. This type of packaging is commonly used for a wide range of products across various industries due to its durability, strength, and ability to safeguard goods during transportation and storage. Materials commonly employed in rigid packaging include plastics, metals, glass, and sometimes even wood. Each material offers unique advantages based on the specific requirements of the product and the intended use.


Figure 2: Packaging Market, by Packaging Type, 2022 & 2032 (USD Million)


Packaging Market, by Packaging Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Packaging Market by Printing Technology Insights


Based on printing technology, the Packaging market segmentation includes Offset, Flexography, Screen, Gravure, and Digital. The Flexography segment dominated the market in 2022. Flexography, often referred to as flexo printing, is a modern and versatile printing technology widely used for various packaging applications. It is a relief printing process that utilizes flexible photopolymer printing plates to transfer ink onto a substrate, typically a flexible material like paper, cardboard, plastic, or film. The key components of flexography include the flexo press, printing plates, ink, and the substrate. The printing plates are typically made of a flexible polymer material mounted on a cylinder. These plates are engraved with the image or design to be printed. Flexo presses can be configured for various printing applications, ranging from simple one-color prints to complex multi-color jobs. Flexography offers several advantages, making it a preferred choice for many printing applications. One of its main strengths is its ability to print on a variety of substrates, including those with uneven surfaces. This makes it ideal for packaging materials, such as corrugated cardboard and flexible films.


Figure 3: Packaging Market, by Printing Technology, 2022 & 2032 (USD Million)


Packaging Market, by Printing Technology, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Packaging Market by End-use Insights


Based on end-user, the Packaging market segmentation includes Food, Beverage, Beauty and Personal Care, Industrial Pharmaceutical, and Others. The Food segment dominated the market in 2022. The food end-use industry for packaging plays a critical role in ensuring the safety, freshness, and convenience of food products from manufacturers to consumers. Packaging in the food industry serves multiple purposes, encompassing preservation, protection, marketing, and regulatory compliance. Preservation is a primary function of food packaging, as it helps extend the shelf life of perishable goods. Packaging materials, such as vacuum-sealed bags, modified atmosphere packaging (MAP), and barrier coatings, create a protective environment that minimizes exposure to oxygen, moisture, and other external factors. This preservation aspect not only prevents spoilage but also maintains the nutritional value of the packaged food.


Figure 4: Packaging Market, by End-use, 2022 & 2032 (USD Million)


Packaging Market, by End-use, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Packaging Regional Insights


The Packaging Market, based on region, has been divided into the USA, Europe, and Africa. The Europe Packaging market comprises of Germany, France, UK, Italy, Spain, Switzerland, Netherlands, Poland, and the rest of Europe. The Africa Packaging market comprises of South Africa, Egypt, Nigeria, Ghana, Uganda, Sudan, and Rest of Africa. The Europe Packaging Market held the largest market share in 2022. The European packaging industry stands out as a multifaceted and dynamic sector characterized by a diverse array of materials, cutting-edge technologies, and versatile applications. Serving as a linchpin in safeguarding and facilitating the transit of goods, it concurrently wields a considerable influence on consumer purchasing behavior and significantly contributes to the overall sustainability paradigm of the economy. Among the European powerhouses in this sector, Germany has established itself as a formidable force, boasting a reputation for pioneering machinery, advanced materials, and a dominant presence in pivotal packaging segments such as paperboard, flexible packaging, and plastics. Simultaneously, the sector is proactively embracing automation and robotics as strategic imperatives to enhance operational efficiency, mitigate costs, and effectively address the prevailing challenges associated with labor shortages. As the European packaging industry continues to navigate this dynamic environment, its adaptability, innovation, and commitment to sustainability remain pivotal in sustaining its leadership position and meeting the burgeoning expectations of a discerning consumer base.


The packaging market in the US is experiencing a notable surge in demand driven by the intersection of busy lifestyles and evolving consumer preferences. The shift towards convenience is evident as consumers increasingly seek packaging solutions that align with their hectic schedules. The food and beverage industry, in particular, is witnessing a substantial uptick in the demand for packaging that offers quick and hassle-free options, such as single-serve portions, resealable packages, and easy-to-open containers. This trend reflects a growing need for on-the-go solutions that cater to the fast-paced nature of modern life.


The African packaging industry is poised as a burgeoning prospect, marked by robust potential, and undergoing transformative developments that capture the imagination. At the forefront of this expansion are thriving consumer markets, characterized by escalating populations and increasing disposable incomes across the continent, acting as potent catalysts propelling demand for packaged goods. Notable players in this burgeoning landscape include South Africa, Kenya, Nigeria, and Egypt, strategically positioning themselves as major contributors, fueled by the confluence of burgeoning consumer spending and rapid urbanization trends. In response to these dynamics, there is a discernible preference for flexible packaging solutions, such as pouches and sachets, attributed to their affordability and inherent convenience. Concurrently, rigid plastics and glass also command a significant market share, reflecting the nuanced demands and preferences of the diverse consumer base.


Figure 5: Packaging Market Size By Region 2022 & 2032 (USD Million)


Packaging Market Size By Region 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Packaging Key Market Players & Competitive Insights


The Europe, Africa and USA packaging market is highly competitive industry with diverse players, dynamic trends, and evolving consumer preferences. Europe, Africa, and USA packaging market is a dynamic market that serves a wide range of sectors, including food and beverages, pharmaceuticals, consumer goods, and more. Across Europe, Africa, and the USA, this landscape pulsates with its own unique rhythm, offering a window into the global market's intricacies. The key players operating in the Europe, Africa and USA packaging market include Amcor Limited, Mondi Group, Sealed Air Corporation, International Paper, Sonoco Group, WestRock Company, Berry Global Inc., Constantia Flexibles, Huhtamaki, and Coveris Holdings, among others. Companies such as Amcor Limited, Mondi Group, Sealed Air Corporation, Huhtamaki among others dominate the market due to brand reputation, product differentiation, financial stability, and diversified regional presence.


Key Companies in the Packaging Market include



  • Amcor Limited

  • Mondi Group

  • Sealed Air Corporation

  • International Paper

  • Sonoco Group

  • WestRock Company

  • Berry Global Inc.

  • Constantia Flexibles

  • Huhtamaki

  • Coveris Holdings


Packaging Market Industry Developments



  • In October 2023, Berry Global has created a lightweight tube closure solution that blends modern style and material adaptability with greenhouse gas emission reduction. The new Slimline collection, which complements Berry's vast range of tube closures, saves greenhouse gas emissions compared to standard caps due to a new lightweight and low-profile design.

  • In November 2023, Huhtamaki, the maker of Chinet® tableware, is launching fiber-based egg cartons, made from 100% recycled material, for US egg producers. Huhtamaki is bringing its fiber expertise to the US as an alternative to foam egg packaging.

  • In August 2023, Amcor, a global leader in developing and producing responsible packaging solutions, announced it has entered into an agreement to acquire Phoenix Flexibles, expanding Amcor’s capacity in the high-growth Indian market. The addition of Phoenix Flexibles’ well capitalized and strategically located production facility will immediately increase Amcor’s capacity to satisfy continued high demand and drive strong returns for shareholders. The acquisition also adds advanced film technology, enabling local production of a broader range of more sustainable packaging solutions, and brings capabilities allowing Amcor to expand its product offering in attractive high-value segments.


Packaging Market Segmentation


Packaging Market by Packaging Material Outlook (USD Million, 2018-2032)



  • Plastic

  • Paper and Paperboard

  • Glass

  • Metal


Packaging Market by Packaging Type Outlook (USD Million, 2018-2032)



  • Flexible Packaging

  • Rigid Packaging


Packaging Market by Printing Technology Outlook (USD Million, 2018-2032)



  • Offset

  • Flexography

  • Screen

  • Gravure

  • Digital


Packaging Market by End-user Outlook (USD Million, 2018-2032)



  • Food

  • Beverage

  • Beauty and Personal Care

  • Industrial

  • Pharmaceutical

  • Others


Packaging Market Regional Outlook



  • USA


  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Switzerland

    • Netherlands

    • Poland

    • Rest of Europe




  • Africa

    • South Africa

    • Egypt

    • Nigeria

    • Ghana

    • Uganda

    • Sudan

    • Rest of Africa



Report Attribute/Metric Details
Market Size 2022 USD 517,862.2 Million
Market Size 2023 USD 532,645.5 Million
Market Size 2032 USD 726,369.0 Million
Compound Annual Growth Rate (CAGR) 3.5% (2024-2032)
Base Year 2022
Market Forecast Period 2024-2032
Historical Data 2018- 2021
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Packaging Type, Packaging Material, Printing Technology, End-use, and Region
Geographies Covered USA, Europe, and Africa
Countries Covered Germany, France, UK, Italy, Spain, Switzerland, Netherlands, Poland, the rest of Europe, South Africa, Egypt, Nigeria, Ghana, Uganda, Sudan, and Rest of Africa.
Key Companies Profiled Amcor Limited, Mondi Group, Sealed Air Corporation, International Paper, Sonoco Group, WestRock Company, Berry Global Inc., Constantia Flexibles, Huhtamaki, and Coveris Holdings.
Key Market Opportunities Blockchain-powered traceability presents a transformative opportunity for the packaging industry.
Key Market Dynamics ·       Growth of the organized retail sector to boost market growth.·       The emergence of sustainable and recyclable packaging materials to drive the market growth.


Frequently Asked Questions (FAQ) :

The Packaging Market size was valued at USD 517,862.2 Million in 2022.

The global market is projected to grow at a CAGR of 3.5% during the forecast period, 2024-2032.

Europe had the largest share of the Packaging Market in 2022.

The key players in the market are Amcor Limited, Mondi Group, Sealed Air Corporation, International Paper, Sonoco Group, WestRock Company, Berry Global Inc., Constantia Flexibles, Huhtamaki, and Coveris Holdings.

The Rigid Packaging segment dominated the Packaging market in 2022.

Food end-use Type had the largest revenue share of the Packaging Market in 2022.

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