Expanded polypropylene packaging market is anticipated to grow at a significant CAGR of 7.9% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as growing automotive and consumer electronics sectors globally and increasing demand for robust and lightweight packaging solutions. According to the World Integrated Trade Solution, in 2021, the top exporters of polypropylene, in primary forms are Saudi Arabia ($6,827 million), Korea, Rep. ($2,824 million, 2,040,690,000 Kg), US ($2,070 million, 917,173,000 Kg), Germany ($2,025 million, 1,123,410,000 Kg), China ($1,856 million, 1,267,280,000 Kg).
Frozen food packaging market is anticipated to grow at a CAGR of 5.1% during the forecast period (2024-2031). Frozen food packaging refers to the materials and methods used to encase and protect food stored at freezing temperatures. The primary purpose of this packaging is to maintain the safety, nutritional value, and quality of frozen foods during storage and transportation. The growing demand for frozen foods is a key factor driving global market growth.
Punnet packaging market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). A punnet is a small, compact basket used to package soft fruits and vegetables, such as mushrooms, grapes, berries, and cherries. As the punnet packaging prevents soft fruits and vegetables from bruising, squashing, or rotting, it extends their shelf life. The growing demand for flexible packaging options to safeguard food items is a key factor driving the growth of the global punnet packaging market.
VCI film market is anticipated to grow at a CAGR of 4.2% during the forecast period (2024-2031). VCI or vapor corrosion inhibitor film, is an anti-corrosive poly packing film. It offers dry, clean, pleasant, and safe packing for metal goods that need to be stored or transported. It comes in several inhibitor kinds, weights, and sizes. This anti-tarnish film guards against tarnish, corrosion, and rust on metal parts, machined parts, engines, and molds. As it is less prone to piercing or tear, it is highly preferred for packing heavy, bulky, or irregularly shaped components and equipment during shipment, long-term outdoor storage, or work-in-progress.
Gable Box market is anticipated to grow at a CAGR of 4.4% during the forecast period (2024-2031). A gable box is a sturdy, rectangular box with a triangular top that doubles as a handle. The box's name comes from the top's angular point, which resembles a gable roof. Gable boxes can be made from several materials, including cardboard, linerboard, clear plastic PET, or SBS paperboard. They are often shipped flat and are easy to assemble without tape. The growing demand for convenient packaging solutions is a key factor driving the global market growth.
Metal packaging market is anticipated to grow at a moderate CAGR of 3.3% during the forecast period (2024-2031).A metal packaging is made of two materials namely steel sheets called aluminum and a bin. Steel sheets are plated with tin and organic lac, therefore the direct contact of steel with food is inhibited. Hereby, corrosion-resistant metal packages are produced. It is produced as the corrosion-resistant metal packaging.
Contract packaging market is anticipated to grow at a considerable CAGR of 6.8% during the forecast period (2024-2031). Contract packaging involves the outsourcing of the packaging of products to a third party. This service is utilized by companies that may not have the necessary resources or capabilities to handle the packaging process internally. Services provided such as design and engineering, packaging production, filling and assembly, kitting and bundling, and many more.
Biodegradable film market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period (2024-2031). Biodegradable film is a thin, decomposable plastic alternative derived from renewable resources, minimizing waste and environmental impact. The biodegradable film market is experiencing robust growth due to several factors such as heightened environmental concerns, coupled with stringent regulations aimed at reducing plastic waste. Biodegradable films offer an eco-friendly alternative to traditional plastic films, as they are derived from renewable resources and decompose naturally, mitigating environmental pollution.
Returnable packaging market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2024-2031). This type of packaging can include pallets, racks, bulk containers, hand-held containers, and dunnage. The market growth is driven by the growing demand and popularity of the returnable packaging, such as automotive, food and beverages, consumer durables and more.
Pallet packaging market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2024-2031).The market growth is driven by the increasing sustainability concerns for protecting environments and the rising demand for returnable transport packaging market. The market growth is also supported by the increasing increasing industrialization and growth in e-commerce industry.This is attributed to the rise in disposable income.
Ophthalmic packaging market is anticipated to grow at a considerable CAGR of 8.6% during the forecast period (2024-2031). The ophthalmic packaging market covers the packaging solution for packaging of eye drops, injection and other ophthalmic products. The development of innovative packaging materials, the growing requirement to follow new legal standards on recycling packaging materials, and the growing need for brand enhancement and distinction in a highly competitive environment all contribute to the market's growth.
Portion packs market is anticipated to grow at a moderate CAGR of 4.6% during the forecast period (2024-2031). Portion packs are small, single-use containers of food, condiments, and spices that are designed to provide pre-measured portions to consumers. They are often inexpensive and have a long shelf life. Portion packs can be found in supermarkets in the form of single-serve bags, boxes, pouches, trays, and stick packs.
Corrugated boxes market is anticipated to grow at a CAGR of 4.0% during the forecast period (2024-2031). Corrugated boxes are disposable containers whose sides are made up of layers of material that include an inside layer, outer layer, and middle layer. The middle layer is fluted, which means it is styled in rigid, wave-shaped arches that provide cushioning and support for weighted materials placed in a corrugated box.
Semiconductor & IC Packaging market is anticipated to grow at a significant CAGR of 14.9% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of miniaturization and advancement in semiconductor packaging. Advanced packaging techniques such as small outline package (SOP), grid array (GA), quad flat no-leads (QFN), dual flat no-leads (DFN), quad flat packages (QFP), and dual-in-line (DIP) provide enhanced performance and increased integration levels.
Mono-material packaging film market is anticipated to grow at a moderate CAGR of 4.3% during the forecast period (2024-2031). The mono material plastic packaging film can be recycled easily which gives advantage over multi-layered plastic packaging which is composed of various plastic polymer types which are challenging to separate and recycle. Its flexibility, light weight and exceptional barrier qualities makes it ideal for a variety of uses, including as personal care items, medical packaging, and food and beverage packaging.
Trash bags market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period (2024-2031). Trash bags are usually composed of polyethylene, and are widely used in a variety of end-user industries, including retail, institutional, and industrial. These bags are durable, lightweight, and securely contain waste without leaking or spilling.
Wash-off labels market is anticipated to grow at a significant CAGR of 6.0% during the forecast period. The market growth is attributed to factors such as the growing demand for food safety, innovations in wash-off labels and adhesives, and growing demand for sustainable packaging among several end-user industries. Wash-off labels provide convenience and functionality in various consumer products such as food and beverages, cosmetics, personal care, and medical and pharmaceuticals by allowing consumers to recycle the packaging or container and reduce waste.
Reclosure labels market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. The market growth is attributed to factors such as growing demand for food safety, innovations in temporary adhesive and labeling technology, growing demand for easy-to-use/convenience packaging solutions, and growing demand for sustainable packaging among others.
Cosmetics and perfumery glass bottles market is anticipated to grow at a considerable CAGR of 3.8% during the forecast period. Packaging is an important part of the functionality and aesthetics of cosmetic and fragrance items, and it may affect the formulation's efficiency as well as the quality of the substance it contains. Owing to these factors, molded glass bottles are frequently used in the cosmetics and perfume sectors due to their technological superiority.
Jewelry box market size was valued at $0.168 billion in 2022, and is projected to reach $0.244 billion by 2030, registering a CAGR of 5.5% during the forecast period (2023-2030). Jewelry boxes have become a popular trend in the market for a variety of reasons. Firstly, they provide a stylish and organized way to store and display one's jewelry collection. With the increasing popularity of minimalist and organized living, many people are looking for ways to declutter and simplify their living spaces.
Cigarette rolling paper market size was valued at $710 million in 2022, and is projected to reach $905 million by 2030, registering a CAGR of 3.5% during the forecast period (2023-2030). Cigarette rolling papers are made from non-wood plant fibers including flax, hemp, sisal, rice straw, and esparto. The global cigarette rolling paper market has witnessed positive growth due to the increasing number of smokers globally, along with rising demand for tobacco cessation aids, such as e-cigarettes and smokeless tobacco, which is also likely to contribute to the market’s growth.
Aluminium collapsible tubes market is anticipated to grow at a considerable CAGR of 5.5% during the forecast period. Expansion of recycable aluminium collapsible tube, the growing presence of digital platforms and rising end-use from cosmetic and pharmaceutical products are some of the factors contributing to rising of the cosmetic industries which in turn is anticipated to drive the aluminum collapsible tube market.
Active, smart, and intelligent packaging market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The primary factor that drives the market growth are growing demand for exotic fruits, vegetables, and other products such as cosmetics, and electronics, throughout various countries, owing to rising global trade practices between the countries.
Food vacuum machine market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. The demand for food vacuum machines for application in the meat industry is likely to be a prospective driver for the growth of the market globally. Owing to the various benefits of food vacuum machines such as increased shelf life, quality control, hygiene, and preservation, they are being widely utilized in a variety of applications such as bakery and confectionery, meat & seafood, poultry, dairy, convenience food, and fruits & vegetables.
Tamper-evident labels market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period. The major factor driving the growth of the market includes the rising concern toward product safety coupled with the implementation of stringent regulations to avoid tampering with goods. Product tampering and theft are ongoing issues for brand owners in numerous industries which are increasing the concern for brand protection.
Mushroom packaging market is anticipated to grow at a considerable CAGR of 16.6% during the forecast period. Rising government regulations related to encouraging the adoption of sustainable products and implementing rules and regulations to reduce plastic waste is a major factor contributing to the growth of the mushroom packaging market. Major countries such as India and US are implementing regulations regarding plastics and a ban on single-use plastics which is expected to be a boon for the mushroom packaging market.
Edible packaging market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. The demand for processed food products is increasing due to which manufacturing of edible packaging is also risingGovernment initiatives towards eliminating the use of plastic packaging and to adopt alternative such as edible packaging and advancements in packaging solutions are the crucial factors enhancing the overall market gorwth. Edible packaging helps in reducing waste generated from plastic packaging as this type of packaing can be eaten alonn with food products.
Airless packaging market is anticipated to grow at a significant CAGR of 6.5% during the forecast period. Shifting of manufacturers preferences towards airless packaging due to its properties such as exceptional barrier properties, increased product shelf life, flexibility and convenience at use coupled up with functionality and protection it provides is projected to propel the market growth of airless packaging. Airless packaging helps in decreasing atmospheric oxygen, reduces the development of fungal spores and prevents evaporation of volatile substances.
Electrostatic discharge packaging market is anticipated to grow at a CAGR of 8.0% during the forecast period. The increasing application of electrostatic discharge packaging among end-user industries such as military, electronics, manufacturing, and healthcare is driving the growth of the market. An electrostatic discharge packaging is designed to promote the direct flow of electricity causing zero damage to the material inside. In electronics devices, electrostatic discharge packaging reduces static electricity and protects electro-sensitive devices or products that contain inflammable gases.
Eco-friendly food packaging market is anticipated to grow at a significant CAGR of 7.5 % during the forecast period. The rising government initiatives for eco-friendly packaging across the globe due to rising health and environmental concerns are expected to propel the eco-friendly food packaging market growth during the forecast period. For instance, the Food Safety and Standards Authority of India (FSSAI) has taken an initiative towards reducing of plastic footprint in the F&B industry and pushed food businesses to eliminate single-use plastic in coming years and to develop environmental friendly substitutes and also an efficient plastic collection and recycling/disposal system in the F&B sector.
Protective packaging market is expected to grow at a CAGR of 5.7% during the forecast period. Protective packaging is materials built to protect and protect a product from potential harm or destruction during shipping or warehousing. The growing demand for online purchasing and the rising number of e-commerce industries are propelling the global protective packaging market. According to the United Nations Conference on Trade and Development (UNCTAD), in 2021 the global e-commerce jumps to $26.7 trillion, with the Republic of Korea reporting the highest share at 25.9% in 2020, up from 20.8% the year before.
biodegradable water bottles market is expected to grow at a CAGR of 5.5% during the forecast period. The growth of the market is mainly driven by the rising environmental concerns, consumer preference toward sustainability and affordable price of the products, leading to higher growth of the global biodegradable water bottle market. Moreover, significant efforts toward reducing the carbon footprint along with minimizing the usage of plastics are expected to propel market growth. According to Beyond Plastic, the US plastic industry is responsible for 232 million tons of CO2e gas emissions per year, and nearly 42 plastic facilities have opened since 2019 in the US.
The global metallized flexible packaging market is anticipated to grow at a significant CAGR of 4.5% during the forecast period. The food and beverage industry is shifting from the traditional concept of packaging to lightweight packaging, easy-to-carry, and paper packaging. Metalized flexible packaging supports to increase the perishable food products' life cycle and reduced the use of preservatives. Metalized flexible packaging is widely used among several end-user verticals such as pharmaceuticals, food and beverages, and cosmetics, to increase the shelf life of products.
Ampoule packaging market is anticipated to grow at a significant CAGR of 9.7% during the forecast period (2024-2031). The market growth is attributed to the presence of favorable government policies, rising demand from consumers, and technological innovations. The market offers a broad range of goods and services to meet the demands of many industries, including manufacturing, healthcare, and retail driving the growth of the market. According to the World Integrated Trade Solution (WITS), in 2023, the top importers of ampoules of glass conveyance or packing US were Japan ($1,782.14K, 1,861 Kg), European Union ($610.91K, 14,340 Kg), Ireland ($168.47K, 848 Kg), Germany ($167.93K, 9,833 Kg), Canada ($156.02K).
The global glass bottle & container market is anticipated to grow at a significant CAGR of 4.20% during the forecast period. The glass bottles are reusable and eco-friendly and much more beneficial as compared with plastic bottles. The rising awareness regarding health issues occurred by the use of plastic bottles and high consumption of alcohol beverages such as beer are the prominent factors driving the market growth. Additionally, the use of glass bottle is also increasing in alcoholic and non-alcoholic beverages industry due to the capability of holding chemical inertness sterility, and non-permeability.
The global market for paperboard packaging is projected to have a considerable CAGR of around 3.4% during the forecast period. Paperboard is quite commonly used for packaging food and beverage products including juices, milk, and cereal products. Paperboard packaging is easy to easy buy, easy to recycle, and easy to re-seal. Paper-based packaging has gained significant traction due to its environment-friendly properties. Customers have started preferring eco-friendly products over traditional non-paperboard-based products.
The global market for pallets market is projected to have a considerable CAGR of around 5.3% during the forecast period. Pallets are horizontal platforms that support products and aid in transporting them from one location to another using a forklift or front loader. Pallets are widely used in the shipping, transport, and storage of products. They are available in either standardized or customized specifications.
The global paper strawmarket is anticipated to grow at a significant CAGR of 20.6% during the forecast period. The rising demand for paper straws among various end-users such as foodservice and household, among others is driving the growth of the paper straw market. The demand of paper straws is increasing in the foodservice sector due to increasing awareness for the safe environment.
The global aluminum tube packaging market is anticipated to grow at a significant CAGR of 6.5% during the forecast period. The growing concern towards sustainability will drive the aluminium tube packaging market. Aluminum is rich in mineral and 100 percent recyclable due to which it is sustainable option for eco-friendly packaging. When aluminium is compared with plastic, it is more sustainable as plasctic can be recycled only 2-3 times where as aluminium can be recycled infinite times, due to which companies are focusing on expanding their aluminium products portfolio.
The global aluminum foil packaging market is projected to grow at a CAGR of 3.2% during the forecast period (2021-2027). The increased awareness among people as well as the companies regarding the use of environmentally packaging products drives the market growth.
The sustainable packaging of the products that have the least impact on the environment during its manufacturing and disposal is green packaging. The global green packaging market is projected to grow at a CAGR of 5.3% during the forecast period (2021-2027).
The global food container market is projected to grow at a CAGR of 3.8% during the forecast period (2021-2027). The major aspect that drives the growth of the market includes the rising demand for food across the globe.
The global medical flexible packaging market is projected to grow at a modest CAGR of nearly 6.0% during the forecast period (2021-2027). The primary factor driving the market include the growing pharmaceutical industry in emerging economies and rising demand for orthopedic implants.
The global TCPS market is anticipated to grow at a CAGR of around 11.2% during the forecast period (2021-2027). The TCPS market is majorly driven by the increased demand for pharmaceuticals drugs due to the COVID-19 pandemic.
US cosmetic packaging
market is anticipated to showcase considerable CAGR of 3.4% during the forecast
period. Vigon International, Libby Labs, Markwins, RNA Corp., Novopac
Laboratories, Cassco Biolabs, and ABS Corp. among others are the key cosmetic
manufacturers in the country.
UK cosmetic packaging market is anticipated to showcase moderate CAGR of 2.5% during the forecast period. Benefit Cosmetics, MAC, Rimmel London, Bobbi Brown, The Body Shop, Maybelline New York, and Clarins among others are the key cosmetic manufacturers in the country.
North American cosmetic packaging market is anticipated to showcase moderate CAGR of 3.6% during the forecast period. The high demand for personal care products, high disposable income, and inclination of costumers towards the premiumization in cosmetic packaging are the key factors driving the growth of the North American cosmetic packaging market.
France cosmetic packaging market is anticipated to showcase moderate CAGR of 2.4% during the forecast period. France is known to be one of the most urbane cosmetic, beauty and personal care market across the globe.
European cosmetic packaging market is anticipated to showcase moderate CAGR of 2.6% during the forecast period. Countries across the Europe have a strong presence of many global cosmetic brands such as Revlon, Avon, Burberrys, Christian Dior, Estee Lauder, L’Oreal,Body Shop, Maybelline New York, MAC, Bobbi Brown among others.According to the annual report of Ingredion, in 2018, Europe saw nearly 17,838 new personal care product launches.
Asia-Pacific cosmetic packaging market is anticipated to showcase moderate CAGR of 5.6% during the forecast period (2021-2027). Rising purchasing power, increase in beauty conscious consumers, easy availability of affordable cosmetic products, and significant growth in e-retailing are the key factors that are driving the cosmetic industry across the region.
Cosmetic packaging market is projected to grow at a moderate CAGR of 4.1% during the forecast period (2021-2027). Increasing demand for cosmetic products in emerging economies, changes in patterns of consumption and lifestyles, increasing emphasis on male and female personal grooming, and increasing awareness of beauty products are some of the factors that encourage the companies to develop innovative packaging solutions.
The global vacuum packaging market is growing at a CAGR of 3.8% during the forecast period. Vacuum packaging is the process of packaging a product by eliminating all the air inside to reduce the chances of spoilage and wastage of the product. Vacuum packaging has been widely used to store various items, including meat, poultry, seafood, cheese, dry fruits, and agricultural produce.
The US blister packaging market is projected to grow at a CAGR of 4.9% during the forecast period (2020-2026). The market growth is attributed to the rising incidences of chronic diseases that create demand for various drugs, tablets, and syrups. This, in turn, creates demand for blister packs for protecting these products from external influences such as humidity, oxygen, and/or light.
The North American blister packaging market is projected to grow at a CAGR of 5.0% during the forecast period (2020-2026). The increasing demand for blister packaging from various end-user applications such as pharmaceutical, consumer goods, and food significantly drive the regional growth of the market.
The European blister packaging market is projected to grow at a CAGR of 5.2% during the forecast period (2020-2026). The increasing demand for blister packaging from various end-user applications such as pharmaceutical and food significantly drive the regional growth of the market.
The global blister packaging market is estimated to grow at a CAGR of 5.6% during the forecast period. The market growth is attributed to the increasing demand from the healthcare industry owing to the rising incidences of chronic diseases coupled with the increasing geriatric population pool. Patient safety is always at the top priority along with the quality of the product.
The US insulated packaging market is anticipated to grow at a CAGR of 4.1% during the forecast period (2020-2026). The key factors that drive the growth of the US insulated packaging market include the increased preference of the people towards online channels over offline channels. In 2018, as per the Retail Feedback Group, approximately 31% and 33% of US digital grocery shoppers preferred online grocery shopping from Amazon and Walmart respectively.
North American insulated packaging market is anticipated to grow at a CAGR of 3.9% during the forecast period (2020-2026). The key factors that drive the growth of the North American insulated packaging market include the presence of the key manufacturers along with the presence of the big grocery retail stores such as Walmart and Amazon.
The European insulated packaging market is anticipated to grow at a CAGR of 4.6% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising food & beverages and cosmetics & personal care industry across the region. Besides, increased demand for packaged food owing to the quickening pace of life and changing lifestyles of people further drives the market growth.
The Asia-Pacific insulated packaging market is anticipated to grow at a CAGR of 4.9% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising end-user applications in the region. China and India are likely to hold the most significant share in the Asia-Pacific insulated packaging market over the forecast period.
The global insulated packaging market is anticipated to grow at a CAGR of 4.7% during the forecast period (2020-2026). The key factors that drive the growth of the global insulated packaging market include the requirement for proper packaging of the product. Such advanced packaging technologies bring together a vast range of techniques and materials with two basic objectives: to protect the product and to display items for sale.
The US pharmaceutical glass packaging market is anticipated to grow at a CAGR of 5.0% during the forecast period (2020-2026). The US healthcare industry is much diversified and consists of a range of prospects in every segment of healthcare. The key factors that drive the growth of the US pharmaceutical glass packaging market include the growing pharmaceutical industry in the country, on the account of increasing population, rising disposable income as well as increased drug consumption in order to increase life expectancy.
The North America pharmaceutical glass packaging market is anticipated to grow at a CAGR of 4.8% during the forecast period (2020-2026). The key factors that drive the growth of the North American pharmaceutical glass packaging market include the well-established healthcare sector across the region. As per the Pharmaceutical Research and Manufacturers of America (PhRMA) 2020, the US biopharmaceutical industry is one of the global leading medical research, producing a majority of the world’s new molecules.
The Indian pharmaceutical glass packaging market is anticipated to grow at a CAGR of 7.7% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising pharmaceutical sector in India. As per the IBEF in 2019, the Indian pharmaceutical industry is among the top third drugs industry by volume. The industry generates annual revenue of around $38 billion. The rising pharma industry in the country allows better accessibility of the facilities across the country, which ultimately demands more drugs especially generic drugs.
The European pharmaceutical glass packaging market is anticipated to grow at a CAGR of 5.3% during the forecast period (2020-2026). Europe serves as one of the lucrative markets for pharmaceutical glass packaging, owing to the well-established packaging sector as well as the pharmaceutical sector in the region. The key factors that drive the growth of the European pharmaceutical glass packaging market include the research-based pharmaceutical industry.
The Asia-Pacific pharmaceutical glass packaging market is anticipated to grow at a CAGR of 6.1% during the forecast period (2020-2026). The key factors that drive the growth of the Asia-Pacific pharmaceutical glass packaging market include the increased prevalence of diabetes and the growing geriatric population in the region. China is the second-largest economy after the US and has the world’s largest population (1.4 billion), followed by India (1.3 billion) as per data provided by the World Bank in 2020.
The global pharmaceutical glass packaging market is anticipated to grow at a CAGR of 5.4% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for glass packaging products as they do not react with medicine or drug. Glass packaging products are also non-reactive with other chemicals, clean, dust-free as well as recyclable, owing to which these glass products are highly preferred by the pharma companies.
The US bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The growth of the bioplastic packaging industry is primarily driven by the rapid growth in end-user industries such as food & beverage, pharmaceutical, personal care, and others. The players in these industries have shifted their preferences of packaging products from non-biodegradable to biodegradable bio-based products owing to the rising environmental concerns.
The North American bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the bioplastic packaging industry include the increased demand for bio-based packaging in various end-user industries. There has also been an inclination of consumers towards the adoption of eco-friendly packaging products, this, in turn, is driving the growth of the North American bioplastic packaging market over the forecast period.
The Indian bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the rapidly growing population and their inclination towards the adoption of bio-based packaging options. Besides, the packaging companies are also shifting their focus towards the use of multi-use plastics or biodegradable packaging products, which is creating ample opportunities for the market over the forecast period.
The European bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased acceptance of bioplastics across various end-user industries. Bioplastics are made of renewable raw materials including starch and cellulose. In addition, these bioplastics can be easily decomposed into inorganic compounds, CO2, methane, and water, by the enzymatic action of microorganisms, causing no harm to the environment.
The Asia-Pacific bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for eco-friendly packaging options across various end-user industries. Due to the rising environmental concerns, consumers as well as the big brands are shifting their non-renewable packaging products to the renewable bio-based packaging items, which, in turn, is driving the growth of the Asia-Pacific bioplastic packaging market growth over the forecast period.
The global bioplastic packaging market is projected to grow at a significant CAGR during the forecast period (2020-2026). The packaging is one of the vital industries that demands various types of plastics and products for packaging purposes. Bioplastic packaging acts as the most suitable alternative to the plastics packaging products. The key factors that drive the growth of the bioplastic packaging industry include the rising demands to reduce plastic waste from across the globe.
The UK beer can market is anticipated to showcase a considerable CAGR of 3.8% during the forecast period. The rising disposable income, increasing demand and consumption of alcoholic beverages along with the high preference for beer consumption are the key factors contributing towards the growth of the regional market. The significant growth of the India beer industry is making a ripple effect on the high demand for beer can in the region, thereby driving the growth of the beer can market in the region.
The North American beer can market is anticipated to showcase a considerable CAGR of 3.2% during the forecast period. The increasing consumption of beer across the region along with the high demand for innovation in the packaging of different types of beers is a key factor contributing to the growth of the beer can market in the region.
The European beer can market is anticipated to showcase a considerable CAGR of 3.0% during the forecast period. Factors including high disposable income, adoption of a sedentary lifestyle, and huge adoption of beer as a refreshment beverage in the region are promoting the demand for beer can market in the region. According to the Brewers of Europe, in 2017, beer consumption in Europe stood for 412 Million Hl.
China beer can market is anticipated to showcase a considerable CAGR of 4.8% during the forecast period. With the rise in the millennial and increasing levels of wealthy Chinese are highly inclined towards the view of brands. For the aesthetic properties of packaging, they are willing to pay more. High market demand for beer is directly proportional to the growth beer can market. Therefore, significant growth of the China beer industry is anticipated to drive the growth of the beer can market.
The Asia-Pacific beer can market is anticipated to showcase a considerable CAGR of 4.5% during the forecast period. The rising disposable income, increasing demand and consumption of alcoholic beverages along with the high preference for beer consumption are the key factors contributing towards the growth of the regional market.
The beer can market is projected to grow at a considerable CAGR of 3.0% during the forecast period (2020-2026). Beer is currently the highest consumed alcoholic beverage across the globe. According to the World Health Organization (WHO), in 2016, the beer holds 51% of the share in the overall alcoholic beverage consumption.
The US metal caps & closures market is projected to grow owing to the increased demand for sustainable packaging solutions from the food and beverage industry. Food and beverage packaging is an important service that enables to preserve food quality, reduce food wastage, and preservatives used in food. The packaging enables to prevent food from physical and chemical damage and act as an important medium to provide information to the consumers and marketers.
The North American metal caps & closures market growth is driven by the presence of the major players in the region. These players are continuously engaged in the innovations and development of advanced and light-weight caps and closures to provide better safety to the item. Additionally, the growth in the retail industry and attributes such as sealing, consistent closure, and shelf appeal are also encouraging the manufacturers to develop advanced products for various applications.
The European metal caps & closures market is driven by the presence of the well-established food and beverages, pharmaceutical, and chemicals & paints sector. In addition, the region has a presence of key chemical players. The chemical industry of Europe is among the largest manufacturing sectors; it is the second-largest producer of chemicals across the globe.
The Asia-Pacific metal caps & closures market is projected to grow during the forecast period owing to the increased demand for various end-use products from highly populated countries such as China and India. The rise in the population and rising disposable income has shifted the consumer preferences towards the adoption of packaged and premium products.
The global metal caps & closures market is projected to grow at a moderate CAGR during the forecast period. The key factors that drive the market include increased demand for the packing products across various industries including food & beverages, pharmaceuticals among other industry. Further, growth in trade businesses in food & beverages, medical products are also likely to drive the growth of the global metal caps and closures market.
The US beverage packaging market is projected to grow at a CAGR of 5.3% during the forecast period. The key factors that drive the market growth include the rising demand for premium products from the young population. The US has the highest population in the North American region with around 327 million in 2018 and more than 81% of the population is above 15 years, as per WHO.
The North American beverage packaging market is projected to grow at a CAGR of 5.7% during the forecast period. The key factors that drive the market growth include the increased demand for premium products along with the rising disposable income.
The Indian beverage packaging market is projected to grow at a significant CAGR of 9.3% during the forecast period. The key factors that drive the market growth include the rapid changes in the beverage packaging trends across the country.
The European beverage packaging market is projected to grow at a CAGR of 6.2% during the forecast period. The major economies including the UK, Germany, Italy, Spain, and France are significantly contributing to the growth of the European beverage packaging market.
The Asia-Pacific beverage packaging market is projected to grow at a CAGR of 8.1% during the forecast period. The key factors that drive the market growth include the rising disposable income, increased demand, and consumption of several beverages along with a high preference for alcohol consumption in the region.
The global beverage packaging market is projected to grow at a CAGR of 5.7% during the forecast period. The key factors that drive the market growth include the increased adoption of beverage products across the globe. The growing consumers' awareness regarding the consumption of natural, fresh, and convenient beverage items, along with the continuous changes in the industry drives the growth of the market.
The US food packaging market is projected to grow at a CAGR of 5.3% during the forecast period. The key factors that drive the US food packaging market include the increased demand for ready-packed and ready-to-eat products owing to the advanced product developments, such as low trans-fat, low fat, and multigrain.
The North American food packaging market is projected to grow at a CAGR of 5.7% during the forecast period. The key factors that drive the growth of the North American food packaging market include the increased reliance of people in the region on packaged and convenience foods.
The Indian food packaging market is projected to grow at a significant CAGR of 9.3% during the forecast period. The key factors that drive the growth of the market include the changing consumer preferences, that is, the consumers are increasingly opting for qualities such as convenience, ease of use, and ease of transport in their products.
The European food packaging market is projected to grow at a CAGR of 6.2% during the forecast period. The key factors that drive the market include the rapidly evolving packaging industry in the region.
The global food packaging market is projected to grow at a CAGR of 6.5% during the forecast period. The key factors that drive the market growth include the increased demand for packaged food for on-the-go consumers across the globe. Packaging protects the food item barrier against temperature, heat, breakages, vibrations, and humidity. It acts as a barrier against contaminants, direct touch, water, dust, micro-organisms, among others.
The Asia-Pacific food packaging market is projected to grow at a CAGR of 8.1% during the forecast period. The key factors that drive the growth of the Asia-Pacific food packaging market include the increasing demand for flexible packaging options, as price-conscious consumers seek a cost-effective product and convenience in transferring and seeks easy portability of the food item.
The US healthcare packaging market is anticipated to showcase a CAGR of 5.1% during the forecast period. The continuous regulatory reforms that are intended to increase healthcare access, for instance, the Patient Protection and Affordable Care Act of 2010, is anticipated to significantly drive the growth of the US healthcare packaging market. In addition to this, the increasing burden of chronic diseases coupled with the growing consumer spending power will also foster the growth of the US healthcare packaging market during the forecast period.
The UK healthcare packaging market is anticipated to grow at a CAGR of 5.4% during the forecast period. The availability of smart machinery among the healthcare packaging companies which aids them in delivering various innovative and attractive packaging is expected to be the main factor driving the UK healthcare packaging market. Moreover, strict rules and regulations across the country to maintain sterile and effective healthcare packaging are also driving the UK healthcare packaging market.
The North American healthcare packaging market is anticipated to showcase a CAGR of 5.3% during the forecast period. The strong presence of the end-use industry which includes the medical device industry and pharmaceutical industry across the region significantly contributes to the growth of the North American healthcare packaging market.
The Indian healthcare packaging market is anticipated to showcase a CAGR of 8.9% during the forecast period. The generic drug market in India is significantly driving the growth of the healthcare packaging industry in the country. Indian generic medicines occupy a total of 20% share in global supply by volume in the drug market.
The European healthcare packaging market is anticipated to exhibit a CAGR of 5.7% during the forecast period. The shift in the focus of packaging companies towards personalized approaches with the localized production of customized medicines is significantly driving the European healthcare packaging market. Moreover, the increasing number of SMEs and local companies is also impacting the European healthcare packaging market.
The Asia-Pacific healthcare packaging market is anticipated to showcase CAGR of 7.2% during the forecast period. The growth of the market is attributed to the increasing target population base, which in turn, is driving the demand for medical and pharmaceutical products and hence the driving the healthcare packaging industry. In addition to this, the expanding pharmaceutical industry in countries such as India, China, Malaysia will also impact the growth of the healthcare packaging market across the region.
The global healthcare packaging market is anticipated to grow at a CAGR of 6.4% during the forecast period. The importance of the sterile environment alongside appropriate design, supervision, and control of manufacturing processes is very critical in the healthcare packaging. This aids in preventing particle contamination that otherwise can alter the safety concerns and integrity of finished pharmaceutical products.
The US liquid packaging cartons market is estimated to grow at a CAGR of 4.3% during the forecast period. The rising demand for energy drinks is one of the key factors encouraging market growth. After multivitamins, energy drinks are significantly consumed dietary supplement by American young adults and teens.
The North American liquid packaging cartons market is estimated to grow at a CAGR of 4.0% during the forecast period. Significant demand for fruit juices is primarily driving the demand for liquid packaging cartons in the region.
Germany liquid packaging cartons market is estimated to grow at a CAGR of 4.5% during the forecast period. Germany is a home for several key food and beverage manufacturers, which in turn, is encouraging the demand for carton packaging in the country.
European liquid packaging cartons market is estimated to grow at a CAGR of 4.7% during the forecast period. The upward trend in the carton packaging sector has been witnessed in the region, which is leveraging the market growth.
Asia-Pacific liquid packaging cartons market is estimated to grow at a CAGR of 6.3% during the forecast period. Rising demand for packaged milk and increasing consumer awareness regarding highly sustainable packaging are some key factors contributing to the growth of the market.
The global liquid packaging cartons market is estimated to grow at a CAGR of 5.0% during the forecast period. Carton packaging is one of the most sustainable packaging solutions, which uses the paper board produced from renewable wood.
The textile market is projected to grow at a CAGR of 4.8% during the forecast period (2020-2026). The textile sector is an ever-growing market with remarkable growth prospects almost all across the globe.
The North American textile market is anticipated to grow at a CAGR of around 4% during the forecast period. There are numerous demand drivers in the region for the textile industry. Growth in the population, aging of the population, increasing environmental concerns, geopolitics, and world conflicts, and favorable government regulations and trade agreements are the primary drivers of the textile market in the region.
The Indian textile market is estimated to grow at a CAGR of more than 5% during the forecast period. India’s textile and apparel sector enjoys good growth prospects, owing to its long-standing traditions of textile and apparel manufacturing, and steady government support.
The European textile market is anticipated to at a CAGR of around 4% during the forecast period. The textile industry plays a pivotal role in the European manufacturing sector and employs around 6% of the overall working class in total manufacturing in Europe.
The China textile market is anticipated to grow at a CAGR of more than 5% during the forecast period. The textile and apparel industry represents an important force that supports the steady development of the Chinese economy
The Asia-Pacific textile market is anticipated to grow at a CAGR of more than 5% during the forecast period. Growth in the Asia-Pacific apparel and non-apparel manufacturing market has continued to improve over the last five years, and growth will continue over the forecast period.
The global specialty paper market is projected to grow at a CAGR of over 4% during the forecast period. The key factors that drive the growth of the market include the growth in the labeling and packaging industries. The majority of paper used in the packaging and labeling industry is specialty paper.
The packaging industry is projected to grow at a considerable CAGR of around 3% during the forecast period (2020-2026). The growth in demand for digital printing packaging, personalized packaging, transparency & clean labels, and flexible packaging are the major promoters of the packaging market across the globe
The US packaging industry market is anticipated to at a CAGR of 3.5% during the forecast period. The inclination towards flexible packaging and digital printing technology is making huge contributions to the growth of the packaging industry in the US.
The North American packaging industry market is anticipated to at a CAGR of 3.5% during the forecast period. The inclination towards the use of digital printing packaging, flexible packaging, personalized packaging, and transparency & clean labels to make the product more attractive for the customers is driving the demand of the packaging industry market across North America.
The Indian packaging industry market is anticipated to at a CAGR of 5% during the forecast period. According to the trade and commerce trade association (Assocham), the packaging industry in India is anticipated to reach $73.6 billion by the end of 2020.
The European packaging industry is anticipated to at a considerable CAGR during the forecast period. Resource efficiency; R&D and innovation; social dialogue; sustainability and adaptation are the key pillars of the growing packaging industry in the region.
The Asia-Pacific packaging industry market is anticipated to at a CAGR of 4.5% during the forecast period. Rising population, rising disposable income, rise in demand for attractively packaged materials are among the major motivators for the growth of the packaging industry market across the region.
The global modified atmosphere packaging market is projected to grow at a CAGR of around 5% during the forecast period. Modified atmosphere packaging belongs to the flexible packaging methods which are generated by altering the initial gaseous environment near the products, whereby no further control during the storage period is performed.
The global milk packaging market is projected to grow at a CAGR of over 4% during the forecast period. Milk is one of the highest consumed dairy products across the globe and is the most complex in storing for a long period of time owing to its moisture and other mineral contents. Packaging methods of the dairy industry are progressively changing in order to meet the requirements of consumers and the rest of the food industry.
The global flexible packaging market is projected to grow at a CAGR of around 4% during the forecast period. Flexible packaging refers to that packaging which can be refilled as well as can be changed into any shape. It is also considered as one of the key segments in the overall packaging industry. It also addresses the key trends as well as the issues faced in rigid packaging.
The global dairy packaging market is projected to grow at a CAGR of over 4% during the forecast period. Packaging of dairy products develops continuously along with the advancement in material technologies, which in turn, responds to the ever-growing demands of consumers. The key factors that drive the market growth include the increased consumption of dairy products owing to the numerous health benefits associated with the dairy items.
The global corrugated board packaging market is projected to grow at a CAGR of over 4% during the forecast period. The key factors that drive the growth of the market include the shift of preferences of the consumers for eco-friendly, economical, and lightweight packaging material. The rising e-commerce sector is further flourishing the growth of the market.
The global biodegradable packaging market is projected to grow at a CAGR of around 5% during the forecast period. The key factors that drive the growth of the global biodegradable packaging market include the variety of properties it possesses such as low environmental impact, sustainability and recyclability, and rising consumer awareness.
The global industrial packaging market is estimated to grow at a CAGR of nearly 4.8% during the forecast period. Significant application in end-user industries and rising international trade are primarily driving the market growth. Industrial packaging has a potential application across industries for protection, shipping, and storing a comprehensive range of products.
The global plastic packaging market is growing at a modest CAGR of around 3.5% during the forecast period (2020-2026). Plastics are the material of choice in packaging across every sector, from food & beverage to pharmaceutical industry. As compared to the other available packaging materials, the plastic packaging most preferred in the packaging industry since ages.
The global aluminum foil market is estimated to grow at a modest CAGR of 5%, during the forecast period.
Global disposable cups market is projected to witness a considerable
growth rate by exhibiting a significant CAGR during the forecast period.
The stringent government regulations towards non-biodegradable plastic
are increasing the demand for disposable cups.
The packaging is the method of wrapping a product with or coating a product with packing materials to protect goods. The packaging is exclusively done for sale, storage, and distribution purposes. The recent developments in the e-commerce market have augmented the demand for e-commerce packagings.
The global market for e-textile is projected to have a CAGR of around 19.6% during the forecast period. Electronic textiles (e-textiles) are fabrics that have electronics and interconnections woven into them. They usually contain conductive yarns that are either spun or twisted and incorporate some amount of conductive material (such as strands of silver or stainless steel) to enable electrical conductivity.