Packaging Market to grow by USD 223.96 billion from 2022 to 2027, Amcor Plc, AptarGroup Inc., and Ardagh Metal Packaging S.A., among key companies- Technavio

NEW YORK, Sept. 6, 2023 /PRNewswire/ -- The packaging market is expected to grow by USD 223.96 billion from 2022 to 2027. In addition, the growth momentum of the market will be progressing at a CAGR of 3.92% during the forecast period, according to Technavio. The growth of food delivery and takeaway services is notably driving the packaging market. However, factors such as contamination of food during packaging may impede market growth. The market is segmented by end-user (food, beverage, healthcare, personal care, and others), type (board, rigid plastic, flexible, metal, and glass), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). We provide a detailed analysis of 20 companies operating in the packaging market, including Amcor Plc, AptarGroup Inc., Ardagh Metal Packaging S.A., Ball Corp., Berry Global Group Inc., CCL Industries Inc., CKS Packaging Inc., Crown Holdings Inc., DS Smith Plc, DuPont de Nemours Inc., Genpak LLC, Gerresheimer AG, Graphic Packaging Holding Co., Mondi plc, Packaging Corp. of America, Pactiv Evergreen Inc., Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., and WestRock Co..The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.

Packaging Market Market 2023-2027: Company Analysis

• Amcor Plc - The company offers packaging services for beverages, food, and healthcare. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information

Packaging Market 2023-2027: Segmentation

End-user

• The market share growth by the food segment will be significant during the forecast period.  The demand for packaging is rising around the world due to the strong potential sales growth of packaged food products. The growth of the food packaging industry around the world is due to factors such as changing lifestyles and eating habits. In addition, flexible packaging solutions that appeal to consumers and are less prone to damage during transport are being adopted by packaged food manufacturers. Another important factor influencing the growth of the food packaging segment is the increase in demand for canned foods throughout the world. A major growth driver for the sector is canned foods that have a long shelf life. Hence, these factors are expected to drive segment growth during the forecast period.
• Type (board, rigid plastic, flexible, metal, and glass)

Geography 

• APAC is projected to contribute 41% of market growth by 2027. The region's packaging market is expected to become a major revenue source for developing economies such as China and India. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View FREE PDF Sample Report

Packaging Market Market 2023-2027: Key Highlights

• Historic Market Size 2017-2021
• CAGR of the market during 2023-2027
• Detailed information on factors that will assist packaging market market growth during the next five years
• Estimation of the composite rebar market size and its contribution to the parent market
• Forecasts on upcoming trends and changes in consumer behavior
• The growth of the packaging market market
• Analysis of the competitive landscape and detailed information on companies
• Comprehensive details of factors that will impede the growth of packaging market market companies

Related Reports:

The skin packaging market is estimated to grow at a CAGR of 8.99% between 2022 and 2027. The market size is forecast to increase by USD 5,888.3 million.  

The protective packaging market is estimated to grow at a CAGR of 4.02% between 2022 and 2027. The market size is forecast to increase by USD 6,950.24 million.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End User

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
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Website: www.technavio.com

SOURCE Technavio