736 , Shakti Khund III , New Delhi
+1778-732-2562

Global Packaging Market By Material (Rigid Plastics, Paper & Paperboard, Others), By Function (Wrapping, Cushioning, Others), Application (Food & Beverage, Healthcare, Others), By Region–Forecast & Opportunities to 2026

The global packaging market accounted for a value of USD 212.0 billion in 2019. Packaging market is projected to register growth at a CAGR of 5.5% during forecast period.

COVID-19 has impacted all the businesses over the globe. The packaging market is estimated to foresee moderate decrease in growth during 2020-2021. The packaging industry is estimated to witness decline in manufacturing as the facilities were shut down due to lockdown. However, the demand for packaging is increasing in pharmaceuticals, food and beverages industries due to rise in demands during lockdown due to corona virus outbreak.

Definition:

Packaging can be defined as technology of protecting products for storage, sale and distribution. It is the process of producing packaging products which prevents content from microbes and dust from external atmosphere.

Market Dynamics (Drivers/Opportunities):

The working population is expanding across the world and these populations are demanding convenient products which increases demand for packaged food items. The packaging requires few energy and resources for packaging. The flexible packaging is available at low cost. This drives growth in flexible plastic packaging.

The demand for digital printing is increasing across the world. Digital print improves appearance of packages and provides relevant information about products. The technological advancement is taking place in packaging solution is likely to boosts the packaging market. The adoption of packaging is increasing as it provides brand recognition. This drives growth in packaging market during forecast period.

Market Insights, by Material

On the basis of packaging material, the packaging market is segmented into rigid plastics, paper & paperboard, metal, glass, flexile and others. The paper & paperboard market is estimated to register growth at highest CAGR during forecast period. The awareness among consumers is rising and they are adopting paper & paperboard packaging widely around the world. This drives growth in paper & paperboard market during forecast period.

Market Insights, by Function

On the basis of function, the packaging market is segmented into cushioning, void-fill, insulation, wrapping, blocking & bracing and others. The cushioning segment is estimated to hold largest market share during forecast period. The preference of cushioning segment is increasing in shipment and road transportation to reduce physical damage of the products. The cushion materials used for packaging reduce impact of sudden shock during transportation of products. This is likely to rive growth in packaging market during forecast period.

Market Insights, by Application

On the basis of application, the packaging market is segmented into food & beverage, industrial, cosmetics, healthcare and others. The food & beverage segment is projected to register growth at highest CAGR during forecast period. The demand for packaged food is increasing rapidly due to expansion of working population across the world. People are demanding convenient and ready-to-eat food products at large scale. This drives growth in packaging market during forecast period.

Regional Insights

Asia-pacific region is estimated to hold largest market share during forecast period. The penetration of mobile phones is increasing around the world along with internet. People are using online platforms to order food which increases demand for food packaging in this region. Other end-users industries such as pharmaceuticals and others are also adopting packaging at large scale. This drives growth in Asia-Pacific region in packaging market during forecast period.

Key Companies & Market Share Insights

The key market players in packaging industry are Sealed air Corporation, Berry Plastics Groups, Coveris Holdings, ball Corporation, Crown Holdings, Amcor Ltd., Mondi, ProAmpac, Reynolds group Holdings, and Bemis Company Inc.

Segments Covered in the Report

This report forecasts The Global Packaging Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global packaging market report on the basis of material, function, and application.

Packaging Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Packaging Market, By Material, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Rigid Plastics
  • Paper & Paperboard
  • Metal
  • Glass
  • Flexile
  • others
  1. Packaging Market, By Function, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Cushioning
  • Void-Fill
  • Insulation
  • Wrapping
  • Blocking & Bracing
  • Others
  1. Packaging Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Food & Beverage
  • Industrial
  • Cosmetics
  • Healthcare
  • Others
  1. Packaging Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Material
    • By Function
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Material
      • By Function
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Material
        • By Function
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Material
          • By Function
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Material
            • By Function
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • PPC Flexible Packaging.
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Berry Global Inc.
    • Amcor
    • Mondi
    • Constantia Flexibles
    • Sonoco
    • Sealed Air Corporation
    • Huhtamaki
    • Coveris
    • Clondalkin Group
    • Transcontinental Inc.
    • Novolex
    • Uflex Ltd.
    • Proampac
    • Aluflexpack AG
  2. Appendix
    • Interrelated Market

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

Please share your details to receive a sample copy of the report

Single User : $3750
Multi User : $6100
Buy Now

 

Why Choose Us

  • 24*7 Post Sales Support
  • Speak to Analyst for Presentations
  • 15% Free Customization
  • Global, Regional & Country level reports
  • Special Discounts for Startups & Educational Institutions

Questions ?

  • What is 15% Free Customization?
  • What is Report Subscription?
  • What is the Delivery Time of the Report?

What You Get

Data Excel Sheets

Report in PDF

Report Subscription

Analyst Support

What's Included

Market Intelligence

Competitive Intelligence

Opportunities and Challenges

Strategic Recommendations