Consumer Packaging Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Consumer Packaging Market: By Material Type (Plastic, Paperboard & Paper-based Product, Aluminum Foil, Others), By Product (Pouch & Sachets, Bags, Wrapping Films, Laminates, Liners, Stick Packs, Others), By Layers (3-5 Layers, 5-7 Layers, >7 Layers) End Users (Food & Beverage, Cosmetics & Personal Care, Healthcare, Electrical & Electronics, Pharmaceuticals, Pet Food, Agriculture & Allied Industry, Others) and Geography

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Report

Description

The consumer packaging market is estimated to be valued at USD 541.2 Billion in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022-2028. Consumer packaging is the process of packaging of goods that are used by consumers. Goods that come under this category are electronic devices, household appliances, food and beverage products, and grocery items. Based on material type the global consumer packaging market is segmented into Plastic, Paperboard & Paper-based Product, Aluminum Foil, and Others. The plastics segment holds most of the market share in the forecasting period due to Consumers prefer plastic packaging over other items because the material is lightweight and indestructible, making it easy to handle. Moreover, due to reduced cost of production, even significant firms choose to employ plastic packaging. Moreover, players are focusing on launching new products to maintain growth in the market. For instance in April 2022 – Tetra Pak launched tethered caps on carton packages in collaboration with leading beverage producers. According to the company, the new caps, introduced by BBL in Ireland, Cido Grupa in the Baltics, LY Company Group and Lactalis Puleva in Spain, and Weihenstephan in Germany, have been designed to prevent litter and accelerate the transition to renewable materials. Increasing in demand for industries such as electronic, automotive, pharmaceutical, etc. In the developing region along with the growing consumer are also anticipated to increase the market growth of the protective packaging over the projected period.

Recent Market Developments:

In January 2022 – Huhtamaki announced that it had acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki’s facility in Czeladz, Poland.

In 2018, the UK strode forward to become the world leader in sustainable packaging. With an investment of USD 80 million, the government called on innovators to develop packaging, which will reduce the impact that the harmful plastics are having on the environment.

Consumer Packaging Market

MARKET SUMMARY
-
6.3% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.3%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Consumer Packaging Market

  • The consumer packaging market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The consumer packaging market is segmented based on material type, by product, by layers, end-user and geography.
Key Players
  • Exopack Holding
  • Huhtamaki OYJ
  • Mondi Group
  • Polyoak Packaging Group
  • Fusion Packaging Solutions
Consumer Packaging Market

Dynamics

The market is expected to offer lucrative opportunities due to the growing demand for ready-to-eat food products together with an increase in the number of working individuals and their hectic schedules are the major factors expected to foster the growth of the packaged food products in the coming years. The level of health awareness among the consumers has grown in recent years and their demand for healthier alternatives for snacks and food items that contain natural rather than artificial ingredients has risen. Moreover, the COVID-19 pandemic has impacted packaged food products in a progressive way. The unexpected boost in the demand for packaged food products during the pandemic is credited to the increased consumption of snacks and beverages, chocolates, chips, and frozen food products during the lockdown period.


Asia-Pacific Got Significant Share

Consumer Packaging Market

Asia-Pacific is expected to be the largest and fastest-growing global consumer packaging market during the forecast period due to the region's growing population and increased consumer disposable income. The rising consumption of a variety of consumer products in this region is expected to drive the consumer packaging market in the forecast period. The increasing need for more dependable and advanced packaging products in this region is expected to drive market growth in this region over the forecast period. North America held the largest share in the global consumer packaging market and the market is expected to grow at a significant CAGR over the forecast years owing to industrialization, increasing disposable income, growing e-retail sale, rising internet penetration, growing manufacturing activities, and rising consumption level, would drive the market during the projected period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The consumer packaging market report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The consumer packaging market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The consumer packaging market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The consumer packaging market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The consumer packaging market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Consumer Packaging Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • Evergreen Packaging
  • General Packaging Products
  • Fusion Packaging Solutions
  • Exopack Holding
  • Huhtamaki OYJ
  • Mondi Group
  • Polyoak Packaging Group
  • Owens-Illinois
  • Air Packaging Technologies
  • Tetra Pak
  • Crown Holdings
  • Rexam
  • Amcor
  • Blue Ridge Paper Products

Description

The consumer packaging market is estimated to be valued at USD 541.2 Billion in 2021 and is poised to grow at a significant CAGR of 6.3% over 2022-2028. Consumer packaging is the process of packaging of goods that are used by consumers. Goods that come under this category are electronic devices, household appliances, food and beverage products, and grocery items. Based on material type the global consumer packaging market is segmented into Plastic, Paperboard & Paper-based Product, Aluminum Foil, and Others. The plastics segment holds most of the market share in the forecasting period due to Consumers prefer plastic packaging over other items because the material is lightweight and indestructible, making it easy to handle. Moreover, due to reduced cost of production, even significant firms choose to employ plastic packaging. Moreover, players are focusing on launching new products to maintain growth in the market. For instance in April 2022 – Tetra Pak launched tethered caps on carton packages in collaboration with leading beverage producers. According to the company, the new caps, introduced by BBL in Ireland, Cido Grupa in the Baltics, LY Company Group and Lactalis Puleva in Spain, and Weihenstephan in Germany, have been designed to prevent litter and accelerate the transition to renewable materials. Increasing in demand for industries such as electronic, automotive, pharmaceutical, etc. In the developing region along with the growing consumer are also anticipated to increase the market growth of the protective packaging over the projected period.

Recent Market Developments:

In January 2022 – Huhtamaki announced that it had acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki’s facility in Czeladz, Poland.

In 2018, the UK strode forward to become the world leader in sustainable packaging. With an investment of USD 80 million, the government called on innovators to develop packaging, which will reduce the impact that the harmful plastics are having on the environment.

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