The global packaging supplies market is poised for substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 4.9% between 2022 and 2032. Valued at US$ 248.3 billion in 2022, the market is projected to reach US$ 399.5 billion by 2032.
Key Drivers of Growth
Rising e-commerce platforms and diverse packaging options are driving demand, enhancing the end user’s shopping and shipping experiences. Manufacturers focus on creating durable and versatile packaging solutions, catering to various product types and environments. Additionally, government initiatives promoting alternative, environmentally friendly packaging further stimulate market growth.
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.
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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.
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
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.
Segment is likely to Lead the Packaging Supplies Market by End-Use Industry
Within the end-use industry, the cosmetic segment emerges as the largest, poised to dominate the market during the forecast period. A detailed analysis indicates that the cosmetics segment is expected to thrive at a CAGR of 4.4%, marking an increase from its previous growth rate of 3.9% observed through 2032.
The growth of this segment can be attributed to the utilization of high-quality packaging supplies, essential for protecting fragile cosmetic products that are prone to damage if not adequately packed. The surge in demand for packaging supplies is further fueled by the lightweight paper packaging often employed by e-commerce platforms for cosmetic items, creating a symbiotic relationship between the two and contributing to the overall growth of the Packaging Supplies Market.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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