Packaging Market

Packaging Market Size & Insights

GMI Research analysis indicates that the Packaging Market size was estimated at USD 1.05 trillion in 2024 and is the market is forecast to grow at a CAGR of 3.8% over the forecast period between 2025 and 2032, and is projected to reach USD 1.41 trillion in 2032 primarily driven by growth in food delivery, rapid urbanization and growing E-commerce.

Packaging Market Drivers

Packaging market growth is driven by the expansion of food delivery and takeaway market owing to the rapid urbanization, accelerating penetration of mobile phone, and increasing adoption of m-commerce platform. The growing awareness about personal health and hygiene, and increasing expenditure on pharmaceutical products, is projected to boost the market growth. Moreover, the ongoing technological innovations and product launch will offer enormous growth opportunities in the market, hence persuading manufacturers towards the adoption of captivating packaging for unique brand recognition.

The growing use of packaging industries across various applications such as food, retail, consumer goods, and pharmaceuticals sector, will boost the market expansion. However, on the other hand, with the increasing application of non-biodegradable and non-recyclable plastic packaging solutions, increases the carbon emissions in the environment, which might restrain the Packaging Market share. Thus, various leading firms such as Google, Amazon, and Tetrapak, among others, are intending to attain net-zero carbon emissions, which is predicted to increase their capital expenditure.

Robust Growth in Online Food Delivery

Food-delivery apps aren’t just changing the way we eat at restaurants; they are also driving an entirely new industry the future of food packaging. The increase in home delivery means there’s never been more demand for packaging that’s both sustainable and strong, as well as looking good. It is quite clear now that restaurants too have started realising the importance of packaging in keeping food fresh, enriching customer experience and brand awareness. Advancements for Food Packaging All of this attention on food packaging has yielded amazing upgrades in packaging such as tamper-proof seals, insulated containers to keep things hot or cold, and eco-conscious materials that appeal to the earth-friendly public.

Packaging Market Segment Analysis

Material Segment Analysis

Paper & paperboard segment is forecast to witness a higher CAGR over the forecast period, owing to the increasing inclination of consumers towards paper and paperboard packaging which include corrugated box, folding, preventive mailers, and lose fills. Moreover, the growing use of environmentally friendly materials in packaging is projected to expand the segment’s growth as eco-friendly packaging is biodegradable, recyclable, reusable, and non-toxic with a low environmental impact. Leading companies in the paper packaging market are primarily emphasizing on sustainable packaging solutions to cater the consumer demands, driving the segment’s growth. For instance, Huhtamäki Oyj, a Finland-based food packaging specialist, launched the Huhtamäki blue loop, a latest platform which allows partners to collaborate to brainstorm sustainable paper packaging. The introduction of such innovative platforms will help the organization with market expansion. Moreover, the players are adopting innovative new packaging with paper packaging material to minimize the environmental impact of packaging and introduce various recycling initiatives which is anticipated to offer enormous opportunities to the market. Cushioning segment is predicted to lead the packaging market over the forecast period, owing to the growing demand for cushioning packaging across shipment and road transportation industries to minimize the chances of physical damage of the products. Also, the use of cushioning material reduces the chances of sudden shock during the immobilization of the containers, which is projected to boost the segment’s growth.

Application Segment Analysis

Food and beverage segment is anticipated to witness a higher CAGR over the upcoming years, owing to the accelerating penetration of smartphone and online food delivery and growing demand for ready-to-eat packed food products. Factors including new product innovation and the expansion of the retail network are projected to pave the way for packaging market in food and beverage applications. Additionally, the segment’s growth is driven by factors including augmenting consumption of beverages, inclination towards organic and functional beverage consumption, and an increase in the variety of beverage products. Moreover, packaging plays a crucial role in preserving food quality and ensures food safety for the shelf-life duration, which is forecast to increase their application in food & beverage industry, propelling the growth of global packaging market.

Regional – Segment Analysis

Asia-pacific is forecast to dominate the market over the forecast period, owing to the rising penetration of smartphones and the Internet and the expansion of the pharmaceutical industry across developing nations like China and India. In addition, increasing population and increasing purchasing power of household are likely to fuel the demand for packaged consumer goods, which is anticipated to encourage the market growth. Other variables including accelerating capita income, improving living standards, emerging need of food processing and packaging technologies, strategic government norms on energy conservation, and changing social demographics, which include ban on plastics to reduce its plastic footprint are projected to boost the market growth.

North America is anticipated to hold a larger share over the forecast period, because of the increasing number of food outlets. Growing awareness of a healthy lifestyle has inclined consumers to switch towards higher quality of packaged food, driving the product demand. The existence of leading multinational food processing and food production companies has augmented the demand for packaging applications, which is likely to propel the regional expansion.

Packaging Market Major Players & Competitive Landscape

Several leading companies are Sealed Air Corporation, Mondi Group, International Paper, Oji Holding Corporation, Berry Plastics Group Inc., Amcor Limited, ProAmpac, Smurfit Westock, UFlex Limited, Coveris Holdings S.A. among others.

Packaging Market News

• • In 2025, A division of Ardagh Group, Ardagh Glass Packaging-North America, improved its 12oz Heritage glass beer bottles by adding a new color and closure option. The added Heritage bottles are now offered in flint glass with pry-off caps and amber glass with twist-off caps.
  • In 2025, Mauser Packaging Solutions, an international leader in offering integrated packaging solutions and services, disclosed the advancement of its capabilities located at its Haiyan, China facility. This tactical shift includes advanced equipment for manufacturing Intermediate Bulk Containers (IBCs). The upgraded line produces UN-certified IBCs for chemical, food, and additive industries while offering a wide variety of IBCs to meet customers’ distinct needs.
  • In 2024, Silgan Holdings Inc., The world’s leading provider of rigid consumer packaged goods and protective packaging has expanded its operations to Weener Plastics Holdings B. VBox, one of the world’s foremost producers and innovators in dispensing devises for personal care, food and health products.
  • In 2024, In partnership with Sonoco, Marigold Health Foods launched a new line of fully recyclable packaging for their range of plant-based items. This line includes Engevita nutritional yeast, bouillon, gravy, stock cubes, sauces, and even plant substitutes for meat and fish.
  • In 2024, Mondi invented the Flexibag Reinforced, part of its renowned collection of eco-friendly pre-made plastic bags.
  • In 2022 – Mondi entered into a partnership with Fiorini International to launch a new paper packaging solution for Italian exclusive pasta product producer Antico Pastificio Umbro. The new packaging is completely recyclable and, when rolled out across all pasta products, it could save up to 20 tons of plastic each year.
  • In 2022 – Coveris decided to expand its Kufstein site. The new extrusion facility was recently put into full operation, and continuous to modernize the efforts at the plant and significantly increases the production speed of stretch film for silage bales.
  • In 2022- Ardagh Metal Packaging declared the plans to augment its production capacity via a new facility at La Ciotat, France. The expenditure will be encouraged by Sud Attractivité and Bpifrance, to cater the growing demands from existent and new customers for long-term partnerships in Middle East Africa (MEA) and Southwestern Europe.
  • In 2022 – Sealed Air launched PRISTIQ, a digital packaging brand with a portfolio of solutions to design services, digital printing, and smart packaging, reducing waste and excess packaging while improving products and customer engagement.

Scope of the Packaging Market Research

Packaging Market Research Report Segmentation

The Global Packaging Market has been segmented on the basis of Material, Product Type, End-Use Industry and Regions. Based on Material, the market is segmented into Plastic, Paper & Paperboard, Metal, Glass, Wood, and Others. Based on Product Type, the market is segmented into Rigid Packaging and Flexible Packaging. Based on End-Use Industry, the market is segmented into Food, Beverages, Cosmetics & Personal Care, Healthcare & Pharmaceutical, Chemicals & Lubricants, Consumer Products, Electronics, and Others.

Global Packaging Market by Material

• • Plastic
  • Paper & Paperboard
  • Metal
  • Glass
  • Wood
  • Others

Global Packaging Market by Product Type

• • Rigid Packaging
  • Flexible Packaging

Global Packaging Market by End-Use Industry

• • Food
  • Beverages
  • Cosmetics & Personal Care
  • Healthcare & Pharmaceutical
  • Chemicals & Lubricants
  • Consumer Products
  • Electronics
  • Others

Global Packaging Market by Region

• • North America Packaging Market (Option 1: As a part of the free 25% customization)

    • By Material
    • By Product Type
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Packaging Market (Option 2: As a part of the free 25% customization)

    • By Material
    • By Product Type
    • By End-Use Industry
    • UK Market All-Up
    • Germany All-Up Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Packaging Market (Option 3: As a part of the free 25% customization)

    • By Material
    • By Product Type
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Packaging Market (Option 4: As a part of the free 25% customization)

    • By Material
    • By Product Type
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Packaging (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sealed Air Corporation
  • Mondi Group
  • International Paper
  • Oji Holding Corporation
  • Berry Plastics Group Inc.
  • Amcor Limited
  • ProAmpac
  • Smurfit Westock
  • UFlex Limited
  • Coveris Holdings S.A.