Press release
Packaging Market To Reach USD 129.06 Billion by 2032, to grow at a CAGR of 3.5% from 2025 to 2032
Packaging Market
Market to Hit USD 129.06 Bn by 2032
Packaging Market size was valued at USD 98.01 Bn. in 2024 and the total packaging revenue is expected to grow at a CAGR of 3.5% from 2025 to 2032, reaching nearly USD 129.06 Bn. by 2032. In 2024, Packaging Market size and its Market share of 44% in North America. Also, in Europe held a market share of 20.3% in the same year.
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Packaging Market Dynamics
The packaging market is evolving with a strong shift toward sustainability, driven by bioplastics, e-commerce growth, and eco-conscious consumer demand. Innovations like PEF and increased reuse of metal packaging reflect this trend. Brands are prioritizing recyclable, compostable, and reusable solutions, reshaping packaging strategies across sectors while aligning with global circular economy goals.
Leading market Players Fueling Industry Evolution
International Paper Company, Amcor plc, and Sealed Air Corporation are major contributors to the global packaging market, each playing distinct roles in advancing innovation, sustainability, and sector growth.
Paper and Paperboard is dominated by Material segment in terms of value, in 2024
This Paper and Paperboard dominates the Packaging Market which this segment is holding 54% of market share in 2024 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
Food & Beverage is dominated by Application segment in terms of value, in 2024
This Food & Beverage dominates the Packaging Market which this segment is holding 24.3% of market share in 2024. Continued demand for packaging solutions that effectively preserve and transport perishable foods is what is driving this dominance. The popularity of this market is influenced by a number of factors, including the rising demand for aesthetically pleasing and high-end packaging solutions, the expanding consumption of ready-to-drink beverages, and the growing emphasis on brand identification.
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Packaging Market Regional Insight
North America is estimated to be the largest dominating region in terms of value, during the forecast period
This is the largest region in Packaging Market which segment's Market share of 44% in 2024 stems from strong industrial and consumer demand, advanced packaging technologies, rapid e-commerce growth, focus on sustainability, a booming healthcare sector, and high disposable income driving premium packaging needs across food, beverage, pharma, and cosmetics industries.
Europe is estimated to be the Second-largest dominating region in terms of value, during the forecast period
This is the Second-largest region in Packaging Market which segment's Market share of 20.3% in 2024. It leads due to strong environmental regulations, high consumer demand for sustainable solutions, a mature pharmaceutical sector, growing e-commerce, and the presence of global packaging leaders. The region's regulatory-driven innovation and eco-conscious culture set it apart from others.
Packaging Market Competitive Landscape
International Paper Company: International Paper (IP), a major player in North America and Europe, is a world leader in pulp, paper, and fiber-based packaging materials. Strong support for the merger was demonstrated by the fact that more than 99% of IP shareholders approved the DS Smith acquisition in October 2024. In 2024, this business made USD 18.6 billion.
Amcor plc: In order to build a packaging powerhouse with combined revenues of $24 billion and operations in more than 140 countries, Amcor, a prominent worldwide packaging company that specializes in flexible and rigid packaging solutions for a variety of industries, including food, beverage, healthcare, and personal care, announced in November 2024 a $8.43 billion all-stock deal to acquire U.S.-based Berry Global. In 2024, the company generated USD 13.5 billion in revenue.
Sealed Air Corporation: Sealed Air, known for its renowned products such as Bubble Wrap® and Cryovac®, offers packaging solutions in the culinary, medical, and industrial industries. The company is creating fiber-based mailers to fulfill e-commerce demands and environmental concerns. In 2024, the company generated USD 5.4 billion in revenue.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Packaging-Market/1869
Emerging Trends in the Packaging Market
A strong push for sustainable and recyclable materials, containing innovations in fiber-based and bioplastic alternatives. There is also an increase in smart and functional packaging, which incorporates technology such as QR codes and freshness indications to improve user experiences.
As e-commerce continues increasing, these companies are concentrating on lightweight, safe, and personalized packaging. Furthermore, automation and digitization of packaging operations are gaining traction, increasing efficiency and lowering waste throughout global supply chains.
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Conclusion
Packaging market is poised for steady growth, reaching USD 129.06 billion by 2032, driven by rising sustainability demands, e-commerce expansion, and technological innovations.
Key players like International Paper, Amcor, and Sealed Air are steering the industry through eco-conscious strategies and advanced packaging solutions.
With North America and Europe leading, the market is set for a transformative, future-focused trajectory.
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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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