The global packaging inserts market is poised for significant growth, with an expected valuation of approximately US$ 2,352.5 million in 2023. Forecasts from FMI suggest a year-on-year growth rate of 4.6% from 2023 to 2033, propelling packaging inserts sales to reach an impressive valuation of US$ 3,688.5 million by 2033.
In 2021, this market segment represented around 7% to 9% of the global protective packaging market, which was valued at US$ 27 billion. Plastic packaging inserts, particularly those crafted from high-density polymers like polyethylene, have gained prominence due to their flexibility, durability, and water resistance properties. These inserts play a crucial role in safeguarding products and minimizing damage during transit.
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Several trends are driving the surging sales of packaging inserts. The demand for visually appealing and customized packaging solutions has emerged as a major factor, boosting brand loyalty and enhancing the overall value of the packaged goods. Incorporating decorative trays, foam sheets, and personalized elements like notes, offers, discounts, and gifts further elevates a brand’s image and customer satisfaction, contributing to the growing demand for packaging inserts.
The increasing utilization of electrical and electronic products is also a significant driver. Given the delicate nature of electronic items, packaging inserts play a pivotal role in preventing damage during transportation. The adoption of advanced packaging, driven by the integration of technologies like the Internet of Things (IoT) and Artificial Intelligence (AI) in the electronics sector, is further expected to support market growth. Notably, Germany’s robust exports of electronic products, amounting to billions of dollars, underscore the importance of effective packaging solutions in maintaining product quality and integrity..
Key Takeaways:
- Tray packaging insert consumption is estimated to account for 42-45% of the total market share in 2023.
- Total sales of packaging inserts in the food & beverage sector will reach a valuation of US$ 390 Mn over the forecast period.
- The U.S. packaging inserts market is slated to account for 17% of the total market share by 2033.
- Demand in Germany will grow at a 3.5-3.6% CAGR over the assessment period.
- Sales in the India market will increase by 1.8x the current value over the forecast period.
Global Packaging Inserts Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for packaging inserts market by product type (trays, end caps and sheets), by material (paper & paperboard, plastic, foam and molded fiber), by end use industry (food & beverages, electrical & electronics, automotive, healthcare, industrial and cosmetics) across seven regions.
Competition Landscape
Mondi Group, DS Smith Plc, Cascades Inc., Innerpak Inc., Smurfit Kappa Group, Dynamic Packaging, LLC, Brimar Packaging USA, AMERICAN BOX COMPANY, VisiPak , Index Packaging, Inc., Barco Sales and Manufacturing, Inc., UFP Technologies, Inc., Polyformes Limited, Synergy Packaging, VICTORY FOAM, Tucson Container, Engineered Components & Packaging, American Foam Products, Enterprise Europe Network, and GP Products LLP.
Global Packaging Inserts Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for packaging inserts market by product type (trays, end caps and sheets), by material (paper & paperboard, plastic, foam and molded fiber), by end use industry (food & beverages, electrical & electronics, automotive, healthcare, industrial and cosmetics) across seven regions.
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Global Packaging Inserts Market by Category
Product Type:
- Trays
- End Caps
- Sheets
Material:
- Paper & Paperboard
- Plastic
- Foam
- Molded fiber
End Use Industry:
- Food & Beverages
- Electrical & Electronics
- Automotive
- Healthcare
- Industrial
- Cosmetics
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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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