The promotional packaging market size is valued at USD billion in 2021. It is expected to reach a value of USD billion by 2028, growing at a CAGR of 6.5% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market, and that has been segmented by material, application, and the end-user. The promotional packaging market has been segmented into paper, form, plastic, glass, and metal by material. The paper segment is likely to be the largest and fastest-growing segment in terms of products. Based on application, the promotional packaging is segmented into Food & Beverages, Personal care, Pharmaceuticals, Electronics, Automotive, and Others. Among these, the Food & Beverages segment is predicted to register the fastest growth rate during 2022-2028. Based on the end-user, the promotional packaging market is segmented into Hypermarket, Supermarket, Departmental stores, Speciality stores, Convenience stores, and Others. According to precision business insights, hypermarkets and supermarkets are expected to hold the most significant share in the forecast period.
Menasha Packaging Company, LLC, a subsidiary of Menasha Corporation, signed an agreement to acquire the assets of Color-Box, a business unit of Georgia-Pacific, LLC. The acquisition is expected to close in early summer 2022.