LONDON--(BUSINESS WIRE)--The packaging market is expected to grow by USD 280.29 billion, accelerating at a CAGR of over 5% during the forecast period. Download Free Sample Report
The growth of food delivery and takeaway market is one of the major factors propelling market growth. However, high manufacturing costs will hamper market growth.
Factors such as rapid urbanization, changing lifestyles, rising penetration of smartphones and internet, and the increased adoption of m-commerce have fueled the growth of the food delivery and takeaway market. The market is also witnessing a rise in the number of dark kitchens across the world. These factors are increasing the need for an effective supply chain for food delivery services and improve the convenience for customers. This has increased the demand for food packaging products such as containers, cups, bowls, and trays. Therefore, the growth of the food delivery and takeaway market is expected to positively influence the growth of the global packaging market during the forecast period.
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Global Packaging Market: End-User Landscape
Based on the end-user, the food segment is expected to have a lucrative growth during the forecast period. The growth of the segment is mainly driven by the increased adoption of rigid packaging solutions that are durable and appealing to customers. In addition, the rising demand for canned food products across the world is contributing to the overall growth of the segment.
Global Packaging Market: Type Landscape
Based on type, the board segment will have lucrative growth during the forecast period. The segment is mainly driven by the increased demand for personalized packaging. Besides, the rising adoption of bag-in-box packaging solutions for packaging lubricants and beer is expected to fuel the growth of the segment.
Global Packaging Market: Geographic Landscape
By geography, APAC will witness growth during the forecast period due to the rapidly expanding end-user industries such as e-commerce, fast-moving consumer goods (FMCG), and personal care in the region. Also, the expanding population is driving the growth of the packaging market in APAC.
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Companies Covered
- Amcor Plc
- Ball Corp.
- Berry Global Group Inc.
- CCL Industries Inc.
- DuPont de Nemours Inc.
- DS Smith Plc
- Mondi Group
- Reynolds Group Holdings Ltd.
- Smurfit Kappa Group Plc
- WestRock Co.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
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Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Food - Market size and forecast 2019-2024
- Beverage - Market size and forecast 2019-2024
- Healthcare - Market size and forecast 2019-2024
- Personal care - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Type
- Market segments
- Comparison by Type
- Board - Market size and forecast 2019-2024
- Rigid plastic - Market size and forecast 2019-2024
- Flexible - Market size and forecast 2019-2024
- Metal - Market size and forecast 2019-2024
- Glass - Market size and forecast 2019-2024
- Market opportunity by Type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amcor Plc
- Ball Corp.
- Berry Global Group Inc.
- CCL Industries Inc.
- DuPont de Nemours Inc.
- DS Smith Plc
- Mondi Group
- Reynolds Group Holdings Ltd.
- Smurfit Kappa Group Plc
- WestRock Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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