With an anticipated average CAGR of 4.9% from 2022 to 2032, the packaging supplies market is set to grow steadily. Starting at a valuation of US$ 248.3 billion in 2022, it is expected to reach approximately US$ 399.5 billion by 2032.
End-users such as the food and beverage, healthcare, and cosmetics industries drive the consumption of packaging supplies, fostering growth and expansion in new regions within the packaging supplies market. The government’s focus on research and development has facilitated the creation of industry-specific packaging solutions by manufacturing units, thereby propelling the packaging supplies market forward.
The growth of the packaging supplies market can be attributed to the utilization of costly packaging materials, especially crucial for delicate cosmetics that are prone to damage without proper protection. E-commerce platforms contribute to this expansion by opting for lightweight paper packaging, further boosting the demand for packaging supplies within this specific segment. These factors collectively contribute to the flourishing growth of the packaging supplies market.
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Recent Developments in the Packaging Supplies Market
- The packaging company has introduced its new packaging solutions that involves curby mailers, compostable & recyclable paperbubble and Airwave – Air Cushion Starter Sets. This pushes the overall sales of packaging supplies worldwide
- Westrock has introduced its corrugated containers (Cardboard), Folding Cartons (Cardboard) and packaging automation. These fuels the sales of packaging supplies globally.
Trends in Packaging
The Packaging Supplies Market is constantly evolving to meet consumer demands and market trends. Stay ahead with these insights:
Customization and Personalization
Consumers appreciate unique packaging. Custom-printed boxes and personalized labels create a memorable unboxing experience.
Eco-Friendly Choices
Sustainability is a driving force in the industry. Companies are opting for recyclable and biodegradable materials to reduce their carbon footprint.
E-commerce Boom
With the rise of online shopping, demand for packaging supplies has surged. Efficient and secure packaging is crucial for e-commerce success.
Smart Packaging
Technological advancements have led to smart packaging solutions. QR codes, NFC tags, and temperature sensors are integrated into packaging for enhanced functionality.
Key Players
- The Packaging Company
- Packhelp
- Ruskin Group
- Purple Co,
- Moraya Packaging,
- Pratt Industries, Inc.
- Mondi Group plc,
- WestRock Company
- Oji Holdings Corporation,
- DS Smith Packaging Limited
- Tat Seng Packaging Group
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Key Segments:
By Product Type:
- Rigid
- Semi-Rigid
- Flexible
By Material Type:
- Rigid Plastic Packaging
- Paper
- Cardboard/Fiberboard
By End Use Industry:
- Food and Beverages
- Healthcare
- Cosmetic
- Personal & Homecare
By Sales Category:
- B2B
- B2C
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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