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E-Commerce Platform Expansion Fuels Surge In Packaging Products Market: A Significant Driver Propelling The Packaging Products Market In 2025
Packaging Products
How Big Is the Packaging Products Market Size Expected to Be by 2034?
The packaging products market has grown strongly in recent years. It will increase from $109.99 billion in 2024 to $119.91 billion in 2025, at a compound annual growth rate (CAGR) of 9.0%. The growth is attributed to rising environmental awareness, shifting consumer preferences, cost factors, regulatory compliance, and the importance of brand image and differentiation.
The packaging products market is projected to see significant growth, reaching $162.58 billion by 2029 at a CAGR of 7.9%. This growth will be driven by sustainability efforts, the growth of e-commerce, demographic shifts, and the need for resilient supply chains. Trends will include customizable packaging, digital printing technology, recyclable materials, augmented reality, and enhanced packaging safety.
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What Are the Emerging Segments Within the Packaging Products Market?
The packaging products market covered in this report is segmented -
1) By Type: Paper and Cardboard, Rigid Plastic, Metal, Flexible Plastic, Glass, Wood, Textile, Other Types
2) By Product: Bottles And Can, Containers And Jars, Bags, Pouches, Wraps
3) By End-Users: Food, Beverages, Healthcare, Cosmetics, Household Products, Chemicals
Subsegments:
1) By Paper And Cardboard: Corrugated Boxes, Paper Bags, Folding Cartons
2) By Rigid Plastic: Bottles And Containers, Jars, Tubs and Cups
3) By Metal: Cans, Foil Packaging, Drums
4) By Flexible Plastic: Pouches, Wraps, Films
5) By Glass: Bottles, Jars, Vials
6) By Wood: Crates, Pallets, Boxes
7) By Textile: Sacks, Bags, Wrapping Material
8) By Other Types: Biodegradable Packaging, Composite Packaging, Specialty Packaging
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What Long-Term Drivers Are Shaping Packaging Products Market Trends?
The rise of e-commerce platforms is anticipated to drive the packaging products market. E-commerce, which involves buying and selling products over the internet, is seeing a surge in demand for packaging products due to the growth in online shopping. In November 2023, the International Trade Administration reported that e-commerce revenues in the UK were expected to grow at an annual rate of 12.6%, with eCommerce revenue projected to reach $285.6 billion by 2025. This growth in e-commerce is expected to stimulate the demand for packaging products.
Who Are the Top Competitors in Key Packaging Products Market Segments?
Major companies operating in the packaging products market include Aetna Group, International Paper Co, Ball Corporation, Amcor plc, Berry Global plc, Tetra Pak Inc., Crown Holdings Inc., Stora Enso Oyj, Mondi plc, Graphic Packaging Holding Company, Avery Dennison Corporation, Packaging Corporation of America, Owens-Illinois Group Inc., Sealed Air Corp, Huhtamaki Oyj, Krones Group, Reynolds Group Inc., Coesia Group, Marchesini Group, Gerresheimer AG, Yunnan Energy New Material Co Ltd., Adelphi Group of Companies, Oliver Packaging & Equipment Company, Sun Packaging Technologies Inc., Merlin Packaging Technologies, Graham Packaging Company, Bosch Packaging Technology, Fuji Machinery Co Ltd.
What Trends Are Expected to Dominate the Packaging Products Market in the Next 5 Years?
Product innovations are driving growth in the packaging products market. For instance, in October 2022, Huhtamaki Oyj launched ICON packaging, a recyclable solution made from 95% renewable bio-based material. This packaging, designed for ice cream containers, promotes sustainability and allows for easy recycling in U.S. cities with paper product programs. The company also uses QR codes to educate consumers on the environmental benefits of ICON packaging.
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Which Regions Are Becoming Hubs for Packaging Products Market Innovation?
The countries covered in the packaging products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Packaging Products Market?
2. What is the CAGR expected in the Packaging Products Market?
3. What Are the Key Innovations Transforming the Packaging Products Industry?
4. Which Region Is Leading the Packaging Products Market?
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