PUBLISHER: MarketLine | PRODUCT CODE: 1384477
PUBLISHER: MarketLine | PRODUCT CODE: 1384477
Global Containers & Packaging industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The containers & packaging market encompasses a wide range of products explicitly used for packaging purposes. The market does not cover products used solely for transportation, such as wooden crates, pallets, and steel drums.
The containers & packaging market is segmented into paper, plastic, glass, and metal.
Folding carton boards, comprised of several layers of fibrous wood pulp, are commonly known as paper segment products. They are extensively used in various industries to package different products. These boards are often coated with polyethylene and lined with aluminium foil to enhance their moisture resistance and durability. However, it should be noted that these containers are still primarily made of board material and not plastic or metal. The paper segment of this industry does not include household or sanitary papers, and it excludes printing papers.
Within the plastic category, there is a diverse range of products that are made from different polymers. These include freestanding plastic bottles, tubs, and jars made from PET, HDPE, LDPE, PP, PVC, PC, and PS/ABS. The plastic segment also encompasses co-extrusions, lamination, and barrier-coated containers, providing various options for manufacturers and consumers.
The glass segment is composed of an amorphous material that lacks a definite crystal structure and displays a characteristic transformation from a complex and relatively fragile state to a molten or rubber-like state when exposed to high temperatures. Container glass, commonly utilized in packaging applications, is typically characterized by its brittleness and may feature optical transparency or coloration.
The metal segment includes freestanding metal cans, bottles, and tins made from steel or aluminium.
The market value is calculated by applying the average price per tonne to the total market volume.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation). All currency conversions in this report have been calculated using constant 2022 annual average exchange rates.
The global containers & packaging market had total revenues of $598.8 billion in 2022, representing a compound annual growth rate (CAGR) of 2.8% between 2017 and 2022.
Market consumption volume increased with a CAGR of 1.8% between 2017 and 2022, to reach a total of 380 million tonnes in 2022.
Europe captured the largest share of the global container & packaging market, accounting for a massive share of 32.9% in 2022.