Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.42 Billion | USD 8.72 Billion | 6.14% | 2022 |
FrequentlyAsked Questions
Packaging is a term used for the process that deals with surrounding or covering a product with additional coating with the aim to protect it from damage and to improve the overall aesthetics of the product.
The global packaging market is expected to grow owing to the increasing rate of consumerism across the globe.
According to study, the global packaging market size was worth around USD 5.42 billion in 2022 and is predicted to grow to around USD 8.72 billion by 2030.
The CAGR value of packaging market is expected to be around 6.14% during 2023-2030.
The global packaging market will be dominated by Asia-Pacific during the forecast period.
The global packaging market is led by players like Amcor Limited, International Paper Company, Sealed Air Corporation, Crown Holdings, Inc., Berry Global Group, Inc., Sonoco Products Company, DS Smith Plc, Ball Corporation, Reynolds Group Holdings Limited, WestRock Company, Bemis Company, Inc. (Acquired by Amcor), Huhtamaki Group, Tetra Pak, Mondi Group, and Graphic Packaging International, LLC.
The report explores crucial aspects of the packaging market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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