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Global Packaging Market 2019-2023

Global Packaging Market 2019-2023

About this market

The global food delivery and takeaway market is growing at a significant pace, driven by a rise in urbanization, busy and hectic lifestyle of consumers, a surge in mobile phone penetration, an increase in the adoption of m-commerce. It is also more convenient and cheaper because of better deals/discounts. Furthermore, many restaurants have become accessible owing to the availability of online services, and restaurants provide food offered through online services at competitive prices. Therefore, with the growth of global food delivery and takeaway market, the simultaneous growth of the global packaging market is anticipated. Technavio’s analysts have predicted that the packaging market will register a CAGR of nearly 6% by 2023.

Market Overview

Rise in need of innovative packaging

Proper packaging helps in attracting consumers through its visual appeal, highlighting the brand. The rising awareness among brand owners and marketing experts regarding the importance of packaging to attract consumer attention is leading to the introduction of innovative packaging. There is a rise in the demand for multi-packs and single-serve, and miniaturized packaging for various products. Moreover, eco-friendly packaging is widely used for the packaging of meat, poultry, and seafood products. The advancements in packaging technologies and a rise in the demand for products sold in innovative packaging are expected to boost market growth during the forecast period.

Environmental concerns related to the use of plastic packaging

Environmental concerns associated with the use of plastic packaging is a significant challenge in the global packaging market. Although various types of packaging are extremely efficient in protecting goods, the demand for those may fall in the future due to the use of plastic packaging. Disposable packaging used for food is one of the significant sources of non-recyclable solid waste globally. Most foodservice establishments prefer plastic disposables as they are cheaper and retain food temperature for a longer period. However, there are several concerns over the disposal of various polymers used in disposable plastic products. Most of the disposables used for food delivery are made of polystyrene or polypropylene, which do not decompose easily. Therefore, the use of plastic packaging will negatively impact the growth of the global packaging market.

For the detailed list of factors that will drive and challenge the growth of the packaging market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented. The presence of several companies, including Amcor Ltd. and Ball Corp. makes the competitive environment quite intense. Factors such as the growth of food delivery and takeaway market and the rise in need for innovative packaging will provide considerable growth opportunities to the cookie’s manufacturers. Bemis Co. Inc., Berry Global Inc., and DS Smith Plc. are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Packaging Market 2019-2023

Technavio recognizes the following companies as the key players in the global packaging market: Amcor Ltd., Ball Corp., Bemis Co. Inc., Berry Global Inc., and DS Smith Plc.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the emergence of tamper-proof packaging.”

According to the report, one of the major drivers in this market is the increase in demand for digitally printed packaging.

Further, the report states that one of the major factors hindering the growth of this market is the high manufacturing cost for packaging.

Companies Mentioned

Amcor Ltd.

Ball Corp.

Bemis Co. Inc.

Berry Global Inc.

DS Smith Plc

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global logistics market
      • Table Segments of global logistics market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Board - Market size and forecast 2018-2023
      • Table Board - Market size and forecast 2018-2023 ($ billions)
      • Table Board - Year-over-year growth 2019-2023 (%)
    • Rigid plastic - Market size and forecast 2018-2023
      • Table Rigid plastic - Market size and forecast 2018-2023 ($ billions)
      • Table Rigid plastic - Year-over-year growth 2019-2023 (%)
    • Flexible - Market size and forecast 2018-2023
      • Table Flexible - Market size and forecast 2018-2023 ($ billions)
      • Table Flexible - Year-over-year growth 2019-2023 (%)
    • Metal - Market size and forecast 2018-2023
      • Table Metal - Market size and forecast 2018-2023 ($ billions)
      • Table Metal - Year-over-year growth 2019-2023 (%)
    • Glass - Market size and forecast 2018-2023
      • Table Glass - Market size and forecast 2018-2023 ($ billions)
      • Table Glass - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Food - Market size and forecast 2018-2023
      • Table Food - Market size and forecast 2018-2023 ($ billions)
      • Table Food - Year-over-year growth 2019-2023 (%)
    • Beverage - Market size and forecast 2018-2023
      • Table Beverage - Market size and forecast 2018-2023 ($ billions)
      • Table Beverage - Year-over-year growth 2019-2023 (%)
    • Healthcare - Market size and forecast 2018-2023
      • Table Healthcare - Market size and forecast 2018-2023 ($ billions)
      • Table Healthcare - Year-over-year growth 2019-2023 (%)
    • Personal care - Market size and forecast 2018-2023
      • Table Personal care - Market size and forecast 2018-2023 ($ billions)
      • Table Personal care - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ billions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Continuous development of new products
    • Emergence of tamper-proof packaging
    • Rise in adoption of reusable packaging
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Amcor Ltd.
      • Table Amcor Ltd. - Vendor overview
      • Table Amcor Ltd. - Business segments
      • Table Amcor Ltd. - Organizational developments
      • Table Amcor Ltd. - Geographic focus
      • Table Amcor Ltd. - Segment focus
      • Table Amcor Ltd. - Key offerings
    • Ball Corp.
      • Table Ball Corp. - Vendor overview
      • Table Ball Corp. - Business segments
      • Table Ball Corp. - Organizational developments
      • Table Ball Corp. - Geographic focus
      • Table Ball Corp. - Segment focus
      • Table Ball Corp. - Key offerings
    • Bemis Co. Inc.
      • Table Bemis Co. Inc. - Vendor overview
      • Table Bemis Co. Inc. - Business segments
      • Table Bemis Co. Inc. - Organizational developments
      • Table Bemis Co. Inc. - Geographic focus
      • Table Bemis Co. Inc. - Segment focus
      • Table Bemis Co. Inc. - Key offerings
    • Berry Global Inc.
      • Table Berry Global Inc. - Vendor overview
      • Table Berry Global Inc. - Business segments
      • Table Berry Global Inc. - Organizational developments
      • Table Berry Global Inc. - Geographic focus
      • Table Berry Global Inc. - Segment focus
      • Table Berry Global Inc. - Key offerings
    • DS Smith Plc
      • Table DS Smith Plc - Vendor overview
      • Table DS Smith Plc - Business segments
      • Table DS Smith Plc - Organizational developments
      • Table DS Smith Plc - Geographic focus
      • Table DS Smith Plc - Segment focus
      • Table DS Smith Plc - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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