Dublin, June 21, 2024 (GLOBE NEWSWIRE) -- The "Opportunities in the Global Packaging Industry 2024" report has been added to ResearchAndMarkets.com's offering.
Global packaging volumes increased from 3.7 trillion units in 2018 to 4.1 trillion units in 2023, recording a CAGR of 2% during 2018-23. Volumes are forecast to reach 4.5 trillion units in 2028, recording a CAGR of 2.1% during 2023-28.
Asia-Pacific was the largest market in the global packaging industry with a 46.3% share of total volumes in 2023. The region will record the fastest CAGR of 2.9% during 2023-28. In 2023, rigid plastics held a 31.4% share of total packaging consumption, followed by flexible packaging and paper & board packaging with shares of 30.5% and 15.2%, respectively. Rigid plastics consumption will post the fastest CAGR of 2.6% among all pack materials during the forecast period, followed by flexible packaging and rigid metal which will each register a CAGR of 2.4% during 2023-28.
Report Scope
This report brings together multiple data sources to provide a comprehensive overview of packaging in the global packaging industry.
It includes analysis on the following :
- Global overview: Provides an overview of the packaging industry at the global level. The analysis also provides an overview across five regions-Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting key sectors and growth drivers.
- Country deep dive: Provides an overview of the pack materials across the sectors in the global packaging industry in select countries in each region.
- Market overview: Provides an overview of the usage of different pack materials across different industries in terms of the number of units, packaging share, and growth rates during 2018-28, in addition to key packaging innovations for the pack materials analyzed. The report also provides an overview of the shift in utilization of various pack materials across sectors during 2023-28.
- Key pack materials: Includes data and analysis-number of units (millions) and growth rates-for five key pack materials, namely rigid plastics, rigid metal, glass, paper & board, and flexible packaging, during 2018-28. It also includes data and analysis for pack materials other than the previously mentioned five. Additionally, the section covers:
- Pack sub-type: Includes aerosol - metal, box - rigid plastic, carton - carton board, box - liquid packaging board, box - other material, foil - aluminum, pod - paper, flexible plastic, tray - aluminum, tube - flexible plastic, other flexible packaging pack types - all sub-types, HDPE, PET, etc.
- Pack type: Includes aerosol, bag-in-box, bag/sachet, blister pack, bottle, box, bubble top, can, carton-folding, carton-liquid, clamshell, etc.
- Closure material: Includes metal, plastic, glass, natural cork, synthetic cork, and others.
- Closure type: Includes cap, crown, dispenser, film, flip/snap top, foil, lever closure, plastic tie, prize off, screw top, sports cap, stopper, and twist off.
- Primary outer material: Includes flexible packaging, board, rigid plastic, and others.
- Primary outer type: Includes bag, blister pack, carton-folding, shrink wrap, sleeve, and others.
The report provides a detailed analysis of the countries in specific regions, covering the key challenges, and future growth opportunities that can help companies gain insight into the country/region specific nuances. The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
Key Topics Covered:
- Market Environment
- Global Packaging Overview
- Market Environment - Global Takeaways
- External Packaging Influences
- Packaging Innovations in 2023
- Packaging Share Change by Material and Industries - Global Overview
- Pack Material Market - Global Overview
- Pack Materials Market Size and Growth Analysis - Global Overview
- Change in Share in the Overall Packaging Industry by Regions, 2018-28
- Change in Consumption Levels: Regions, 2018-28
- Cross-industry Comparison by Pack Material - Global
- Pack Material Growth Contribution by Sector
- Market Environment - Regional Overview
- Asia-Pacific Overview
- China Overview
- India Overview
- Middle East and Africa Overview
- South Africa Overview
- Saudi Arabia Overview
- Americas Overview
- The US Overview
- Brazil Overview
- Western Europe Overview
- Germany Overview
- The UK Overview
- Eastern Europe Overview
- Turkey Overview
- Poland Overview
- Analysis by Pack Material - Rigid Plastics
- Rigid Plastics - Growth Analysis by Pack Type and Pack Sub-type
- Rigid Plastics - Growth Analysis by Closure Material and Closure Type
- Rigid Plastics - Growth Analysis by Primary Outer Material and Primary Outer Type
- Rigid Plastics - Volume by Sectors and Change in Share
- Analysis by Pack Material - Rigid Metal
- Rigid Metal - Growth Analysis by Pack Type and Pack Sub-type
- Rigid Metal - Growth Analysis by Closure Material and Closure Type
- Rigid Metal - Growth Analysis By Primary Outer Material and Primary Outer Type
- Rigid Metal - Volume By Sectors and Change in Share
- Analysis by Pack Material - Paper & Board
- Paper & Board - Growth Analysis by Pack Type and Pack Sub-type
- Paper & Board - Growth Analysis by Closure Material and Closure Type
- Paper & Board - Growth Analysis by Primary Outer Material and Primary Outer Type
- Paper & Board - Volume by Sectors and Change in Share
- Analysis by Pack Material - Flexible Packaging
- Flexible Packaging - Growth Analysis by Pack Type and Pack Sub-type
- Flexible Packaging - Growth Analysis by Closure Material and Closure Type
- Flexible Packaging - Growth Analysis by Primary Outer Material and Primary Outer Type
- Flexible Packaging - Volume by Sectors and Change in Share
- Analysis by Pack Material - Glass
- Glass - Growth Analysis by Pack Type and Pack Sub-type
- Glass - Growth Analysis by Closure Material and Closure Type
- Glass - Growth Analysis by Primary Outer Material and Primary Outer Type
- Glass - Volume by Sectors and Change in Share
For more information about this report visit https://www.researchandmarkets.com/r/vprcgs
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