Global Packaging Products Market Size Study, by Product Type (Plastic Strapping, Stretch Wrapping, Steel Strapping, Tapes) and Regional Forecasts 2022-2032

Description

The Global Packaging Products Market is valued at approximately USD 25.40 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2024-2032. The packaging products market encompasses a wide array of solutions designed to protect, preserve, and present goods for storage, distribution, sale, and use. These products serve multiple functions, including safeguarding against damage, extending shelf life, marketing to attract consumers, and providing convenience for retailers and consumers. The market includes diverse materials and solutions such as plastic strapping, stretch wrapping, steel strapping, and tapes, each catering to specific needs across various industries.

The market is experiencing growth driven by the surge in e-commerce and continuous innovations in packaging technology. The e-commerce boom has significantly increased the demand for effective packaging solutions to ensure the safe and secure delivery of products. Additionally, innovations in the packaging industry focus on efficiency, sustainability, and product differentiation. Eco-friendly alternatives, such as biodegradable and recyclable strapping materials, are gaining traction as businesses increasingly prioritize environmentally conscious packaging solutions. Despite the fluctuating raw material prices posing a challenge, the market offers lucrative growth opportunities through the adoption of sustainable practices.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. North America dominated the market in 2023 due to the advanced packaging infrastructure and significant market players in the region. The Asia-Pacific region, with its large consumer base and rapidly growing economies, is expected to witness the fastest growth during the forecast period. Countries like China, India, Japan, and South Korea are key contributors, driven by technological advancements, lower labor costs, and favorable regulatory environments that attract multinational companies.

Major market players included in this report are:

Berry Global Inc.
National Industries Inc.
Pacific Steel Strapping Corporation
Polymer Group Inc.
Signode Industrial Group LLC
FROMM Group
Hangzhou Youngsun Intelligent Equipment Co., Ltd
3M
Tesa SE
Saint-Gobain
International Paper Company
Crown Holdings
CCL Container (Hermitage), Inc.
Ball Corporation
ProAmpac LLC

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Plastic Strapping
Stretch Wrapping
Steel Strapping
Tapes

By Region:

North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Packaging Products Market Executive Summary

1.1. Global Packaging Products Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Packaging Products Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Packaging Products Market Dynamics

3.1. Market Drivers
- 3.1.1. Growth in E-commerce
- 3.1.2. Innovations in Packaging Technology
- 3.1.3. Increased Emphasis on Sustainability
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
3.3. Market Opportunities
- 3.3.1. Adoption of Sustainable Practices

Chapter 4. Global Packaging Products Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Packaging Products Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Packaging Products Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Plastic Strapping
- 5.2.2. Stretch Wrapping
- 5.2.3. Steel Strapping
- 5.2.4. Tapes

Chapter 6. Global Packaging Products Market Size & Forecasts by Region 2022-2032

6.1. North America Packaging Products Market
- 6.1.1. U.S. Packaging Products Market
  - 6.1.1.1. Product Type breakdown size & forecasts, 2022-2032
- 6.1.2. Canada Packaging Products Market
6.2. Europe Packaging Products Market
- 6.2.1. Germany Packaging Products Market
- 6.2.2. France Packaging Products Market
- 6.2.3. U.K. Packaging Products Market
- 6.2.4. Spain Packaging Products Market
- 6.2.5. Italy Packaging Products Market
- 6.2.6. Rest of Europe Packaging Products Market
6.3. Asia-Pacific Packaging Products Market
- 6.3.1. China Packaging Products Market
- 6.3.2. Japan Packaging Products Market
- 6.3.3. India Packaging Products Market
- 6.3.4. South Korea Packaging Products Market
- 6.3.5. Australia Packaging Products Market
- 6.3.6. Rest of Asia-Pacific Packaging Products Market
6.4. LAMEA Packaging Products Market
- 6.4.1. Brazil Packaging Products Market
- 6.4.2. Mexico Arabia Packaging Products Market
- 6.4.3. Rest of Latin America Arabia Packaging Products Market
6.5. Middle East and Africa Packaging Products Market
- 6.5.1. Saudi Arabia Packaging Products Market
- 6.5.2. South Africa Packaging Products Market
- 6.5.3. Product Type breakdown size & forecasts, 2022-2032
- 6.5.4. Rest of Middle East and Africa Packaging Products Market

Chapter 7. Competitive Intelligence

7.1. Key Company SWOT Analysis
7.2. Top Market Strategies
7.3. Company Profiles
- 7.3.1. Berry Global Inc.
  - 7.3.1.1. Key Information
  - 7.3.1.2. Overview
  - 7.3.1.3. Financial (Subject to Data Availability)
  - 7.3.1.4. Product Summary
  - 7.3.1.5. Market Strategies
- 7.3.2. National Industries Inc.
- 7.3.3. FROMM Group
- 7.3.4. Polymer Group Inc.
- 7.3.5. Signode Industrial Group LLC
- 7.3.6. Pacific Steel Strapping Corporation
- 7.3.7. Hangzhou Youngsun Intelligent Equipment Co., Ltd
- 7.3.8. 3M
- 7.3.9. Tesa SE
- 7.3.10. Saint-Gobain
- 7.3.11. International Paper Company
- 7.3.12. Crown Holdings
- 7.3.13. CCL Container (Hermitage), Inc.
- 7.3.14. Ball Corporation
- 7.3.15. ProAmpac LLC

Chapter 8. Research Process

8.1. Research Process
- 8.1.1. Data Mining
- 8.1.2. Analysis
- 8.1.3. Market Estimation
- 8.1.4. Validation
- 8.1.5. Publishing
8.2. Research Attributes