The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The expansion of e-commerce platforms is likely to encourage innovation in the manufacturing of packaging products, propelling the market over the forecast period.

The global packaging products market is expected to grow from $92.32 billion in 2022 to $100.80 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The global packaging products market size is expected to grow to $137.11 billion in 2027 at a CAGR of 8.0%.

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Global Packaging Products Market Segments Include:

• By Type: Paper and Cardboard, Rigid Plastic, Metal, Flexible Plastic, Glass, Wood, Textile, Other Types
• By Product: Bottles And Can, Containers And Jars, Bags, Pouches, Wraps
• By End-Users: Food, Beverages, Healthcare, Cosmetics, Household Products, Chemicals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global packaging products market in 2021.

Major Market Players in the packaging products market include Amcor PLC., Mondi PLC., Berry Global PLC., Yunnan Energy New Material Co. Ltd., Ball Corporation, International Paper Co., Crown Holdings Inc., Owens-Illinois Group Inc., Sealed Air Corp.

Product innovations are a current trend in the packaging products market. Major players in the packaging products market are focusing on producing novel solutions to increase their market position. For example, in October 2022, Huhtamaki Oyj, a consumer packaging business based in Finland, will offer ICON packaging, a revolutionary, recyclable ice cream packaging option made from 95% renewable bio-based material. It is a revolutionary paper technology that enables recycling in places across the United States that have paper product recycling programmes, first for use in ice cream containers and lids. ICON packaging uses the capabilities of Huhtamaki’s Connected Packaging solutions, with a QR code included in the packaging design that leads consumers to the ICON landing page, to help educate and raise understanding of the sustainability benefits of ICON packaging.

The Packaging Products Global Market Report 2023  provides a packaging products market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The packaging products market forecast analyzes packaging products market size, packaging products market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Packaging products are the materials used to enclose or protect a product in a container to aid in its distribution, identification, storage, promotion, and use.

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