Category: Packaging
The global paper packaging market size was valued at USD 376.53 billion in 2024. The market is projected to grow from USD 392.28 billion in 2025 to USD 506.59 billion by 2032, exhibiting a CAGR of 3.72% during the forecast period. Paper packaging means packaging which utilizes paper and boards. The market expansion can be ascribed to the recyclable nature of paper and paperboard. Tons of waste generated from packaging can be saved by recycling paper packaging, thus saving substantial landfill space.
Fortune Business Insights™ provides this information in its research report, titled “Paper Packaging Market, 2025-2032”.
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Segmentation:
Presence of Corrugated Board in Different Coatings to Impel Segment Growth
Based on material, the market is classified into kraft paper, corrugated board, molded pump, specialty paper, and others. The corrugated board segment registers the largest share in the market. The corrugated board is available in different coatings, flame-resistant features, weights, and types. This factor is spurring the corrugated board segment growth.
Lightweight Attribute of Packaging Solutions to Boost the Corrugated Boxes Segment Expansion
In terms of packaging type, the market is segregated into folding cartons, wraps, corrugated boxes, bags & sacks, cups & trays, and others. The corrugated boxes segment accounts for the largest paper packaging market share. The sustainability of packaging solutions and their lightweight nature aid in minimizing the shipping cost. This factor is fueling the corrugated boxes segment growth.
Technological Advancements in Food & Beverage Packaging to Proliferate the Segment Growth
With respect to end-use industry, the market is classified into home care, e-commerce, automotive & industrial, food & beverage, healthcare, electrical & electronic, personal care & cosmetic, and others. The food & beverage segment accounts for the largest share. The technological development in food & beverage packaging, such as coated paper and wraps, which aid in the prevention of leakage, is fueling the segment expansion.
Regionally, the market is divided into the Middle East & Africa, Latin America, North America, Europe, and Asia Pacific.
Drivers and Restraints:
Surging Product Utilization in the Pharmaceutical Industry to Spur Market Growth
A rise in the utilization of the product in the pharmaceutical industry drives the paper packaging market growth. Packaging manufacturers have a major emphasis on the deployment of recycled material and more sustainable packaging solutions.
Despite such growth opportunities, the stringent environmental regulations related to deforestation owing to the extraction of raw materials for paper production may hinder market growth.
Regional Insights:
Asia Pacific Holds the Largest Share Due to Rising Presence of Manufacturers
Asia Pacific market for paper packaging occupies the largest share on account of the surging presence of manufacturers and rapid expansion of the e-commerce and food & beverages industries.
Europe market for paper packaging is considered the second most dominating owing to the growing demand for environmentally friendly and recyclable packaging solutions, which is rising the product demand.
Competitive Landscape:
Leading Companies Deploy Product Development Strategies to Reduce Environmental Impact
Some of the prominent companies in the market are Georgia-Pacific Corporation, DS Smith PLC, WestRock Company, Hood Packaging Corporation, Mondi Group Plc, and others. These players are implementing different strategies to stand out from the competition. Some of these strategies include joint ventures, capacity expansions, partnerships, and others. Most companies are also prioritizing the development of innovative products to lessen the environmental impact.
Key Industry Development:
- September 2023 – ProAmpac introduced its patent-pending ProActive Recyclable RP-1000, a high-barrier paper-based packaging with strong moisture and grease resistance for dry foods.
- September 2023 – Mondi and Veetee launched the U.K.’s first paper-based dry rice packaging, replacing plastic with recyclable barrier paper.
List of Key Players Mentioned in the Report:
- DS Smith PLC (U.K.)
- Georgia-Pacific Corporation (U.S.)
- WestRock Company (U.S.)
- Mondi Group Plc (U.K.)
- Hood Packaging Corporation (U.S.)
- Smurfit Kappa (Ireland)
- Napco National (Saudi Arabia)
- Billerud (Sweden)
- Stora Enso Oyj (Finland)
- Rengo Co. Ltd. (Japan)
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The global biopolymer packaging market focuses on sustainable packaging materials made from biodegradable or bio-based polymers derived from renewable resources such as plants, animals, or microorganisms. Innovations such as synthetic biology and fermentation-based production methods, such as microbial fermentation for PHA, are enabling cost-effective and scalable manufacturing of biopolymers. Moreover, the use of non-food feedstocks such as algae, agricultural waste, and seaweed, combined with research to enhance biopolymer properties, is expanding applications in sectors such as electronics, frozen foods, and medical packaging.
Fortune Business Insights™ provides this information in its research report, titled “Biopolymer Packaging Market, 2025-2032”.
Tariff Impact Analysis for Biopolymer Packaging Market:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/biopolymer-packaging-market-109414
Forecast Growth Projected:
The global biopolymer packaging market size was valued at USD 14.45 billion in 2024. It is projected to grow from USD 15.68 billion in 2025 to USD 29.97 billion by 2032, exhibiting a CAGR of 9.69% during the forecast period.
List of the Key Players in the Biopolymer Packaging Market:
- Amcor PLC (Australia)
- Sonoco Products Company (U.S.)
- Constantia Flexibles Group GmbH (Austria)
- Sealed Air Corporation (U.S.)
- Clondalkin Group Holdings BV (Netherlands)
- Albéa Group (France)
- Taghleef Industries (UAE)
- Toray Industries Inc. (Japan)
- Plantic Technologies (Australia)
- United Biopolymers (Portugal)
Segmentation:
Synthetic Biopolymers Segment Dominated, Driven by Better Thermal Stability Strength
In terms of material, the market is classified into natural biopolymers, synthetic biopolymers, and others. Synthetic biopolymers, such as PLA, provide superior thermal stability, tensile strength, and barrier properties.
Bottles Segment Held a Dominant Share On Account of Its Ability to Provide Prolonged Sustainability
On the basis of product type, the market is fragmented into cups & trays, bottles, bags & pouches, films & wraps, boxes & cartons, and others. While biopolymer bottles cater to a wide range of industries, cups and trays are primarily used in foodservice. Biopolymer bottles, designed for reuse or recycling, provide greater long-term sustainability than disposable cups and trays.
Food & Beverage Segment Led due to Growing Environmental Consciousness
In terms of end use, the market is fragmented into food & beverages, personal & cosmetics, chemicals, electrical & electronics, pharmaceuticals, and others. The food & beverage segment held the dominant biopolymer packaging market share in 2024. The food & beverage industry, the largest packaging consumer, drives the biopolymer demand, using PLA and PHA for trays, bottles, and cups. Rising environmental awareness is pushing consumers toward biodegradable and compostable packaging.
Regional Insights:
Europe Dominates the Market Owing to Strict Regulations and Public Support for Sustainability
Europe leads in biopolymer packaging adoption, fueled by strict regulations and public support for sustainability. The 2021 directive by European Union bans single-use plastics such as cutlery and straws, promoting biopolymer alternatives.
North America’s biopolymer packaging market is driven by strong environmental regulations, heightened consumer awareness, and corporate sustainability efforts. Bans on single-use plastics in U.S. states such as California and New York, and Canada’s federal ban effective December 2023, boost demand for biopolymer alternatives.
Competitive Landscape-
Key Market Players are Focusing on Regional Expansion
The biopolymer packaging market is fragmented, with key players such as Amcor PLC, Sonoco, and Constantia Flexibles dominating through innovation and regional expansion. Manufacturers continuously innovate to enhance their product range and meet market demands, while other companies also contribute with advanced packaging solutions.
Key Industry Development:
June 2022- With its acquisition of a minority stake in Panara a.s., ALPLA Group is enhancing its efforts in researching alternative, sustainable raw materials for packaging, focusing on bio-based and biodegradable plastics.
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The global custom packaging market size was valued at USD 43.88 billion in 2023. The market is projected to grow from USD 45.92 billion in 2024 to USD 71.10 billion by 2032, exhibiting a CAGR of 5.62% during the forecast period. Custom packaging refers to the using various packaging techniques and methods to make a product as per customers’ requirements. Such packaging solutions reduce the need to use additional packaging, thereby saving companies a lot of time and cost. Using custom packaging solutions can help organizations improve their customers’ shopping experience and boost their brand image and value in the market. Such features are expected to bolster the custom packaging market growth.
Fortune Business Insights™ displays this information in a report titled, "Custom Packaging Market, 2025-2032."
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Segmentation:
Paper & Paperboard Materials to be Widely Used to Create Attractive Packaging Solutions
Based on material, the market is segmented into paper & paperboard, plastic, metal, and glass. The paper & paperboard material segment holds the largest global custom packaging market share as these materials are considered ideal for making attractive and personalized gift boxes and other packaging products.
Customized Boxes to Offer Eye-Catching Packaging and High Protection, Boosting Market Growth
In terms of packaging type, the market is segmented into boxes, bottles, containers, jars, bags, pouches, corks, cartons, mailers, and others. The boxes segment is dominating the market as these products offer attractive packaging solutions and robust protection to a product against damage.
Food & Beverage Industry to be Major End-User of Customized Packaging Solutions
Based on end user, the market covers food & beverages, electrical & electronics, healthcare, personal care & cosmetics, consumer goods, fashion accessories & apparel, and others. The food & beverage end-use segment is estimated to hold a leading market share as end-users in this industry extensively use attractive packaging products to pack pre-cooked foods and beverages. This helps them attract more customers and increase their profit margins.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report provides an in-depth analysis of the market and highlights important areas, such as key organizations, prevalent marketing strategies, porters five forces analysis, competition landscape, top product/service types, and leading applications of the product. The report also offers insights into the latest market trends and covers key industry developments. Besides the abovementioned factors, the report encompasses many factors that have contributed to the market's growth in recent years.
Drivers and Restraints:
Growing Preference for Attractive Packaging Solutions to Improve Market Growth
Many companies are opting for customized packaging solutions as they are considered the most ideal way to ship fragile products or items that have a unique design and shape. The market is witnessing notable growth as the demand for attractive packaging solutions is rising across the world. Such packaging solutions can not only make products look more appealing to customers but also help companies expand their customer base. Such factors are expected to drive the market growth.
However, the upfront investments in these products are quite high and designing and developing customized products consume a lot of time and effort. These aspects can restrain the market’s development.
Regional Insights:
North America Market to Record Strong Growth Due to Presence of Reputed Packaging Companies
North America is expected to dominate the market as the region has a vast presence of leading companies that specialize in personalized packaging solutions. The regional industry is constantly introducing innovative technologies, which will further fuel the regional market growth.
Europe is anticipated to be the fastest-growing region as the demand for attractive packaging solutions is rising from the region’s cosmetics sector.
Competitive Landscape:
Key Market Players to Offer Innovative Packaging Solutions to Boost Market Presence
The market has a notable presence of a few key players that have held a dominant position in the market. These companies are providing advanced packaging solutions for the packaging industry. They are also trying to expand their customer base in different regions and upgrade their current product ranges to expand their market revenue.
Notable Industry Development:
- January 2023 – BRANDMYDISPO launched custom Mylar bag design services at no extra cost, focusing on durability and longevity.
- November 2022 – Unico Packing introduced a one-stop solution for custom rigid gift boxes, including drawer, cosmetic, magnetic close, jewelry, collapsible boxes, and other printing services.
List of Key Players Profiled in the Market Report:
- Smurfit Kappa Group (Ireland)
- Glenroy Inc. (U.S.)
- ProAmpac (U.S.)
- Owens Illinois (U.S.)
- Packlane (U.S.)
- Huhtamaki (Finland)
- PakFactory (Canada)
- DS Smith (U.K.)
- Westrock Company (U.S.)
- International Custom Packaging (U.S.)
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The global hermetic packaging market size was valued at USD 4.21 billion in 2024. The market is projected to grow from USD 4.50 billion in 2025 to USD 7.31 billion by 2032, exhibiting a CAGR of 7.18% during the forecast period. Hermetic packaging is highly preferred in several medical and electronic devices for safe and reliable packaging. There is rising adoption of electronic devices due to a rise in government support for boosting digitalization and growing internet usage among customers. Rapid innovations in sealing technology are expected to fuel market expansion in the coming years.
Fortune Business Insights™ shares this information in its report titled “ Hermetic Packaging Market, 2025-2032 ”.
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Segments
Increased Need for Complex Electronic Circuits Fuels Ceramic Metal Sealing Segment Growth
On the basis of type, the market is segregated into co-fired ceramic, metal can, epoxy seal, ceramic metal sealing, and glass metal sealing. The ceramic metal sealing segment leads the market. Increased need for complex electronic circuits, including microelectromechanical systems' multilayer ceramic metal sealing, is fostering segment expansion.
Rising Adoption of Suitable Packaging Strategies for Sensor Technologies Fuels Segment Expansion
In terms of application, the market is categorized into sensors, photodiodes, MEMS, transistors, laser chips, memory, and others. The sensors segment secures the largest hermetic packaging market share owing to the rising adoption of suitable packaging strategies for sensor technologies.
Rise in Government and Private Investments in Space Exploration Fosters Aerospace & Defense Segment Expansion
By end-use industry, the market is classified into aerospace & defense, healthcare, automotive, electrical & electronics, telecom, and others. The aerospace & defense segment commands the global market with the rise in government and private investments in space exploration.
From the regional ground, the market is classified into Europe, Latin America, North America, Asia Pacific, and the Middle East & Africa.
Drivers and Restraints
Increased Demand for Consumer Electronics to Bolster Market Expansion
Increased usage of consumer electronics is boosting the demand for hermetic packaging solutions. Growing purchasing power and rapid economic growth are fueling the sales of smartphones, which will eventually accelerate the demand for hermetic packaging. Rapid innovations in wireless mobile telecommunication technology, such as 4G, IoT, and 5G, are expected to fuel the adoption of other smart devices. The emergence of advanced household products and the growing usage of appliances equipped with voice assistance and Wi-Fi connectivity are the major factors contributing to market growth.
On the other hand, the hermetic packaging market growth is impeded by the emergence of not quite or almost hermetic packaging.
Regional Insights
Rise in Government Budget for the Aerospace & Defense Sector in China and Japan Augmented Market Growth in Asia Pacific
Asia Pacific dominates the global market. A rise in government budgets for the aerospace & defense sector, specifically in China and Japan, is driving market growth in the region.
Europe is predicted to register significant growth due to the presence of the world’s top automotive manufacturers. The increasing R&D activities within the space and automotive sectors are also boosting market growth in the region.
Competitive Landscape
Top Companies Concentrate on Acquisitions to Offer Next-generation Solutions
Key players in the market are TELEDYNE, SCHOTT, Amkor Technology, Inc., KYOCERA Corporation, Materion Corporation, Egide, SGA Technologies, Complete Hermetics, Coat-X SA, Mackin Technologies, and others. Many companies are focusing on acquisitions to offer next-generation solutions to the customers' product designs.
Key Industry Development
- March 2023 : SCHOTT AG introduced hermetic packaging components for augmented reality. With its longstanding experience in glass-to-metal sealing, the company produces innovative packaging solutions for MEMS mirrors and RGB laser chips for augmented reality applications. The packaging solution strives to miniaturize and improve optoelectronic performance for augmented reality light engine systems.
List of Key Players Profiled in the Market Report:
- TELEDYNE (U.S.)
- SCHOTT (Germany)
- Amkor Technology, Inc. (U.S.)
- KYOCERA Corporation (Japan)
- Materion Corporation (U.S.)
- Egide (France)
- SGA Technologies (U.K.)
- Complete Hermetics (U.S.)
- Willow Technologies Ltd. (U.K.)
- Mackin Technologies (Japan)
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The global thermoform packaging market size was valued at USD 48.50 billion in 2022 and is projected to grow from USD 51.96 billion in 2023 to USD 88.50 billion by 2030, exhibiting a CAGR of 7.91% during the forecast period. Thermoform packaging is a molded product. It is shaped through the process of heating a plastic sheet until it becomes flexible and takes on the desired shape. The market is likely to gain traction over the forecast period owing to the growing utilization of thermoform packaging products in the food industry as well as the pharmaceutical industry.
Fortune Business Insights™ provides this information in its research report, titled “ Thermoform Packaging Market , 2025-2032”.
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Segmentation:
Plastic Segment to Lead due to its Effective Barrier Properties
On the basis of material, the market is divided into paper and plastic. The plastic segment is likely to maintain its leadership due to the ability of the plastic materials to provide a robust barrier against external factors such as moisture, air, and temperature variations.
Trays & Lids Segment to Dominate due to Continuous Product Innovation and Launches
Based on product type, the market is fragmented into cups & bowls, blisters, clamshells, trays & lids, containers, films, and others. The trays & lids segment is expected to dominate the market. The growth is due to a continuous flow of innovative product offerings and launches by manufacturers to meet the changing preferences of consumers.
Food & Beverages Segment to Maintain its Leadership owing to the Rising Adoption of Thermoformed Products
In terms of application, the market is divided into pharmaceuticals, personal care & cosmetics, electrical & electronics, home care & toiletries, food & beverages, and others. The food & beverages segment is poised to dominate the market due to the rising adoption of thermoformed products by manufacturers for food packaging.
On the basis of geography, the market has been studied across Asia Pacific, Europe, Latin America, the Middle East & Africa, and North America.
Report Coverage:
The report offers an in-depth analysis of the primary factors that will contribute to industry growth in the upcoming years. It provides insights into the most current market trends and spotlights key developments within the industry. Additionally, the report discusses the impact of the COVID-19 pandemic on market growth.
Drivers and Restraints:
Rapid Expansion of Pharmaceutical Industry to Promote Market Growth
The remarkable growth of the pharmaceutical sector, particularly in emerging markets such as China, India, and Brazil is a primary driver of market expansion. This growth stems from the increasing need for pharmaceutical drugs. As pharmaceutical production and distribution escalate to meet these demands, the requirement for cost-effective and sustainable packaging solutions such as thermoformed packaging products intensifies, supporting market growth.
However, the shift toward biodegradable materials, heightened consumer environmental awareness, and stringent regulations could hinder the thermoform packaging market growth.
Regional Insights:
North America Positioned as a Key Region Due to Rising Consumption of Bakery & Confectionery Products
North America holds a prominent thermoform packaging market share in the global market. The rising consumption of bakery & confectionery, processed food products, and frozen meat, adds to the growth of thermoform packaging in this region.
Europe rapidly advances as the fastest-growing region in the global market. The growth is propelled by the pharmaceutical sector's expansion in major European countries.
Competitive Landscape:
Leading Industry Players Implement Strategic Initiatives to Increase Their Market Presence
Prominent industry players in the market are proactively implementing strategic moves to enhance and consolidate their standing within the sector. These strategic actions are pivotal for upholding competitiveness and broadening their impact on the market.
Key Industry Development:
- Feb 2023: Neste partnered with ILLIG to promote sustainable thermoformed plastic packaging by combining recycled material expertise with advanced thermoforming systems.
- Jul 2021: AR Packaging launched Ecoflex mono-material for thermoform packaging, offering cost-effectiveness and improved performance on existing lines.
List of Key Players Mentioned in the Report:
- Huhtamaki Oyj (Finland)
- AFG Packaging (Italy)
- CJK Packaging (U.S.)
- Amcor Plc (Switzerland)
- Anchor Packaging (U.S.)
- Berry Global Inc. (U.S.)
- Sealed Air Corporation (U.S.)
- Sonoco Products Company (U.S.)
- Du Pont (U.S.)
- WestRock Company (U.S.)
- EasyPak (U.S.)
- DS Smith Plc (U.K.)
- Tekni-Plex Inc. (U.S.)
- Constantia Flexibles Group (Austria)
- Display Pack Inc. (U.S.)
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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The global paper packaging market size was valued at USD 376.53 billion in 2024. The market is projected to grow from USD 392.28 billion in 2025 to USD 506.59 billion by 2032, exhibiting a CAGR of 3.72% during the forecast period. Paper packaging means packaging which utilizes paper and boards. The market expansion can be ascribed to the recyclable nature of paper and paperboard. Tons of waste generated from packaging can be saved by recycling paper packaging, thus saving substantial landfill space.
Fortune Business Insights™ provides this information in its research report, titled “Paper Packaging Market, 2025-2032”.
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Segmentation:
Presence of Corrugated Board in Different Coatings to Impel Segment Growth
Based on material, the market is classified into kraft paper, corrugated board, molded pump, specialty paper, and others. The corrugated board segment registers the largest share in the market. The corrugated board is available in different coatings, flame-resistant features, weights, and types. This factor is spurring the corrugated board segment growth.
Lightweight Attribute of Packaging Solutions to Boost the Corrugated Boxes Segment Expansion
In terms of packaging type, the market is segregated into folding cartons, wraps, corrugated boxes, bags & sacks, cups & trays, and others. The corrugated boxes segment accounts for the largest paper packaging market share. The sustainability of packaging solutions and their lightweight nature aid in minimizing the shipping cost. This factor is fueling the corrugated boxes segment growth.
Technological Advancements in Food & Beverage Packaging to Proliferate the Segment Growth
With respect to end-use industry, the market is classified into home care, e-commerce, automotive & industrial, food & beverage, healthcare, electrical & electronic, personal care & cosmetic, and others. The food & beverage segment accounts for the largest share. The technological development in food & beverage packaging, such as coated paper and wraps, which aid in the prevention of leakage, is fueling the segment expansion.
Regionally, the market is divided into the Middle East & Africa, Latin America, North America, Europe, and Asia Pacific.
Report Coverage:
The significant driving and restraining factors affecting the market growth have been mentioned in the report. It further offers detailed insights into the strategic initiatives undertaken by key companies to gain a competitive advantage. Other aspects of the report include the latest trends, key industry developments, and the COVID-19 pandemic impact.
Drivers and Restraints:
Surging Product Utilization in the Pharmaceutical Industry to Spur Market Growth
A rise in the utilization of the product in the pharmaceutical industry drives the paper packaging market growth. Packaging manufacturers have a major emphasis on the deployment of recycled material and more sustainable packaging solutions.
Despite such growth opportunities, the stringent environmental regulations related to deforestation owing to the extraction of raw materials for paper production may hinder market growth.
Regional Insights:
Asia Pacific Holds the Largest Share Due to Rising Presence of Manufacturers
Asia Pacific market for paper packaging occupies the largest share on account of the surging presence of manufacturers and rapid expansion of the e-commerce and food & beverages industries.
Europe market for paper packaging is considered the second most dominating owing to the growing demand for environmentally friendly and recyclable packaging solutions, which is rising the product demand.
Competitive Landscape:
Leading Companies Deploy Product Development Strategies to Reduce Environmental Impact
Some of the prominent companies in the market are Georgia-Pacific Corporation, DS Smith PLC, WestRock Company, Hood Packaging Corporation, Mondi Group Plc, and others. These players are implementing different strategies to stand out from the competition. Some of these strategies include joint ventures, capacity expansions, partnerships, and others. Most companies are also prioritizing the development of innovative products to lessen the environmental impact.
Key Industry Development:
March 2023 – Electrolux Group announced the release of recycled and paper-based packaging with 70% less ink to minimize the impact on the environment.
List of Key Players Mentioned in the Report:
- DS Smith PLC (U.K.)
- Georgia-Pacific Corporation (U.S.)
- WestRock Company (U.S.)
- Mondi Group Plc (U.K.)
- Hood Packaging Corporation (U.S.)
- Smurfit Kappa (Ireland)
- Napco National (Saudi Arabia)
- Billerud (Sweden)
- Stora Enso Oyj (Finland)
- Rengo Co. Ltd. (Japan)
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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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The global single use packaging market was valued at USD 554.14 billion in 2023 and is expected to rise from USD 583.21 billion in 2024 to USD 895.12 billion by 2032, reflecting a CAGR of 5.50% during the forecast period. Single use packaging refers to products, such as wrappers and containers that are meant to be used once and thrown away. These products are typically made from materials, such as paper, plastics, and metal to pack foods, drinks, and medical supplies. The increasing demand for convenience among customers leading a hectic lifestyle will bolster the use of single use packaging products in various industries.
Fortune Business Insights™ displays this information in a report titled, "Single Use Packaging Market, 2025-2032."
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Segmentation:
Plastic Materials Widely Used in Single Use Packaging Solutions Due to Their Affordability and Durability
Based on material, the market is segmented into plastic, paper & paperboard, metal, glass, and others. The plastic segment is dominating the market as this material offers various benefits to manufacturers and customers, such as affordability, adaptability, and high durability.
Demand for Bottles and Jars Rises Due to Ease of Transporting Liquid and Solid Products
Based on product type, the market is segmented into bags & pouches, bottles & jars, films & wraps, tableware, boxes & cartons, tapes & labels, and others. The bottles & jars segment is dominating the global market as these containers are known for offering customers the ease to transport for both solid and liquid products.
Growing Network of Hotels Fuels Product Adoption in Food & Beverage Industry
Based on end-use industry, the market is segmented into food & beverage, healthcare, consumer goods, e-commerce, and others. The food & beverage segment is holding the largest global single use packaging market share due to the increasing network of hotels, online food outlets, and restaurants, which use these packaging products.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading product types, end-use industries, materials, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Increasing Adoption of Paper & Paperboard Materials to Boost Market Growth
The use of paper and paperboard materials is increasing in the production of single use packaging products to help industries, such as food & beverage reduce their reliance on plastics and decrease their environmental impact. Paper-based materials are known for their biodegradability and recyclability, which will bolster their use in the production of single use packaging solutions.
However, this form of packaging creates large volumes of waste, which can increase environmental pollution, thereby hampering the single use packaging market growth.
Regional Insights:
Asia Pacific Dominates Global Market Due to Rapid Urbanization
Asia Pacific is leading the global market’s growth due to rapid urbanization and expanding populace of middle-class. These factors have increased the demand for single use packaging solutions.
Europe is also showcasing significant growth in the global market owing to rising focus on convenience and growing innovations in packaging designs.
Competitive Landscape:
Key Market Players to Introduce Innovative Packaging Solutions to Expand Product Range
Some of the top companies operating in this market are collaborating with other firms to develop and launch new packaging solutions to cater to the unique packaging demands of various industries. This move will help them increase their current product range.
Notable Industry Development:
July 2024: Berry Global announced its collaboration with Wells Enterprises, Inc., an American ice cream manufacturer, to increase latter’s range of Twist Cones frozen treats and transform it into a freezer-grade, single-serve Twist pints for Blue Bunny. Made with highly recyclable polypropylene (PP) and a high-density polyethylene (HDPE) lid, the new Twist pints claim to enhance the recyclability of conventional ice-cream packaging products, which are typically made from plastic-lined paper board.
LIST OF KEY COMPANIES PROFILED IN THE REPORT
- Amcor plc (Switzerland)
- Berry Global (U.S.)
- Sonoco Products Company (U.S.)
- Huhtamaki (Finland)
- Gerresheimer (Germany)
- Constantia Flexibles (Austria)
- ProAmpac (U.S.)
- Graphic Packaging International, LLC (U.S.)
- Transcontinental Inc. (Canada)
- Pactiv Evergreen Inc. (U.S.)
- Tetra Pak (Switzerland)
- Sealed Air (U.S.)
- Mondi (U.K.)
- Winpak LTD. (Canada)
- PACCOR (Germany)
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According to Fortune Business Insights the global bioplastics market was valued at USD 7.49 billion in 2023 and is expected to decline slightly to USD 7.41 billion in 2024 before witnessing significant growth, reaching USD 56.99 billion by 2032. This represents a robust compound annual growth rate (CAGR) of 29.0% during the forecast period. The market is poised for exponential growth driven by increasing demand for sustainable alternatives to traditional plastics across industries such as packaging, automotive, agriculture, and consumer goods.
The Global Bioplastics Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Bioplastics Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.
Fortune Business Insights™ displays this information in a report titled, "Bioplastics Market, 2025-2032."
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Segments:
Biodegradable Plastics to Gain Traction Due to their Wide Usage in Numerous Industries
Based on type, the market is segmented into biodegradable and non-biodegradable. The biodegradable segment is expected to hold a dominant bioplastics market share as this type of plastic is finding robust use in many industries such as textiles, packaging, consumer goods, and agriculture.
Demand for Durable and Sturdy Packaging Solutions to Boost Product Use in Rigid Packaging
Based on application, the market covers rigid packaging, flexible packaging, textiles, automotive & transportation, agriculture & horticulture, consumer goods, and others. The rigid packaging segment is predicted to hold the largest market share as many shipping companies are looking for sturdy yet eco-friendly packaging solutions.
With respect to region, the market covers North America, Europe, Asia Pacific, and Rest of the World.
List of the Key Players in the Bioplastics Market:
- Novamont S.p.A. (Italy)
- Arkema S.A. (France)
- Matrìca S.p.A. (Italy)
- NatureWorks LLC (U.S.)
- TotalEnergies Corbion (Netherlands)
- PTT MCC Biochem Co., Ltd. (Thailand)
- Roquette Frères (France)
- Biofase (Mexico)
- Genecis (Canada)
- Trifilon (Sweden)
- Solvay S.A. (Belgium)
- Avantium (Netherlands)
- Toray Industries, Inc. (Japan)
- LyondellBasell Industries Holdings B.V. (Netherlands)
Report Coverage:
The report analyzes the market in detail and sheds light on important areas such as leading product types, players, and applications. It also provides information on the latest market trends and vital industry developments. Besides the abovementioned factors, the report covers several other factors that have contributed to the market’s growth in recent years.
Regional Insights:
Europe led the global market in 2023, with a market size of USD 3.64 billion and a 48.6% share. The region plays a central role in bioplastics R&D and consumption, supported by a strong automotive base and increasing adoption of bio-based packaging solutions. Europe also contributes around 25% of global bioplastics production. In contrast, the Asia Pacific region holds the largest manufacturing capacity, accounting for 56% of global production. Growth in the region is fueled by China's regulatory reforms and the expansion of the packaging industry. North America is set for consistent growth, driven by rising demand in the automotive and electronics sectors, coupled with a preference for high-quality consumer products. The rest of the world is also witnessing increased adoption of bioplastics, especially in agriculture and food packaging, due to mounting global restrictions on conventional plastic use.
Drivers and Restraints:
Growing Adoption of Eco-Friendly Plastics in Packaging Industry to Fuel Market Progress
Biodegradable plastics are finding major uses in many industry verticals. However, one of the most common applications of these plastics is found in the packaging sector as they exhibit properties that are quite similar to those of conventional plastics. They are used in many rigid as well as flexible packaging solutions. Moreover, the e-commerce industry has expanded considerably in recent years, which has further boosted the demand for packaging materials, thereby enhancing the product adoption.
Key Industry Developments:
- May 2023 – Total Energies Corbion partnered with Changsu Industrial to promote the adoption of sustainable biobased BOPLA films. This collaboration is expected to enhance TotalEnergies Corbion’s revenue streams from its biobased product portfolio.
- April 2023 – Solvay announced a strategic partnership with Ginkgo Bioworks to expand its research and innovation presence in the United States. The collaboration aims to develop new sustainable biopolymers and strengthen Solvay’s footprint in the North American market.
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According to Fortune Business Insights the global cold chain packaging market size was valued at USD 28.14 billion in 2024. It is projected to grow from USD 30.88 billion in 2025 and to USD 64.49 billion by 2032, exhibiting a CAGR of 11.09% during the forecast period. The development of products and services coupled with the adoption of recyclable materials may enhance the industry’s growth. Fortune Business Insights ™ presents this information in its report titled “ Cold Chain Packaging Market, 2025-2032.
Cold chain packaging ensures temperature control for sensitive products like vaccines, produce, and biologics during transit. Sancell and Cold Chain Technologies are key players with major global market shares.
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Segmentation Analysis:
Pallet Shippers Segment to Dominate Attributable to Larger Capacity
By product type, the market is segmented into EPS containers, PUR containers, pallet shippers, vacuum insulated panels, and others.
The pallet shippers segment is expected to dominate, attributable to its larger capacity and universal temperature protection coverage. Further, their reusable and effective nature during shipping may enhance demand.
Food Segment to Hold Largest Market Share Backed by Rising Product Applications
Based on application, the market is classified into pharmaceuticals, food, and industrial.
The food segment is expected to hold the largest cold chain packaging market share due to rising vaccines, medicines, and medical drugs adoption. Furthermore, strong investments by the pharmaceutical packaging industry are expected to enhance the cold chain packaging industry’s progress.
Geographically, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of Key Players Profiled in the Cold Chain Packaging Market Report:
- Sancell (Australia)
- Sonoco ThermoSafe (U.S.)
- Polar Tech Industries Inc. (U.S.)
- Cold Chain Technologies (U.S.)
- Peli BioThermal (U.S.)
- Orora Group (Australia)
- CREOPACK (Canada)
- Sofrigam (France)
- Intelsius (U.K.)
- Nordic Cold Chain Solutions (U.S.)
- Tempack (Spain)
- Cryopak (U.S.)
- Softbox Systems (U.K.)
Report Coverage:
The report provides a detailed analysis of the top segments and latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Driving Factors:
Robust Demand from the Pharmaceutical Industry to Propel Market Growth
Cold chain packaging is a technique that involves the shipping and packaging of products requiring specific temperatures. The strong demand for the product from the pharmaceutical industry is expected to enhance its adoption. It is used to package injections, vaccines, medicines, and other items requiring specific temperatures. According to Pharmaceutical Commerce Analysis of IQVIA, 2018, the cold chain accounts for nearly 18% of the total investments in pharmaceutical products. In addition, the rising overseas trade of pharmaceutical products may bolster the adoption of the packaging technique. These factors may drive the cold chain packaging market growth.
However, complex regulations and high costs associated with the packaging technique may hamper industry growth.
Competitive Landscape:
Prominent Players Deploy Acquisitions to Enhance Brand Image
Prominent companies operating in the market deploy acquisition strategies to enhance their brand image. For example, CSafe Global completed the acquisition of Softbox Systems in 2021 to dominate the industry as a supplier of cold packaging solutions to pharmaceuticals. Both companies shall offer one-stop solutions for temperature-sensitive products. Furthermore, players adopt acquisitions, mergers, partnerships, and product launches to enhance market position.
Key Industry Development:
- October 2023 – Cold Chain Technologies acquired Exeltainer, SL, a global supplier of isothermal packaging solutions for the pharmaceutical sector, with manufacturing facilities in Spain and Brazil.
- April 2023 – Mettcover Global launched a new warehouse in Pennsylvania, U.S., to efficiently store and distribute thermal covers and data loggers to customers nationwide.
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According to Fortune Business Insights the global luxury packaging market size was valued at USD 17.98 billion in 2023 and is projected to be worth USD 18.79 billion in 2024 and reach USD 28.23 billion by 2032, exhibiting a CAGR of 5.22% during the forecast period. Luxury packaging is a state-of-the-art style of packaging that increases the overall visual appeal of a product and also helps companies improve their brand image. Several market players have started using digital technologies to improve the overall visual appeal of the packaging materials. A robust rise in the number of customers opting for online shopping is one of the key factors accelerating the market’s growth.
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Segmentation:
Paper & Paperboard Widely Used in Luxury Packaging Products Due to Their Recyclability and Sustainability
Based on material, the market is segmented into paper & paperboard, metal, glass, plastic, and others. The paper & paperboard segment has captured the largest share of the market as this material offers various lucrative features, such as high recyclability and sustainability, making it a preferred choice among brands wanting to become eco-friendly.
Demand for Boxes & Cartons Rises Owing to Their Customizability
Based on product type, the market is segmented into boxes & cartons, bottles, bags & pouches, cans & jars, and others. The boxes & cartons segment is dominating the global luxury packaging market share as these products offer brands the option to customize their packaging in different ways to help them stand out from their competitors.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading materials, product types, end uses, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
- Rising Demand for Premium Consumer Goods : Growth in high-end personal care, cosmetics, perfumes, and fashion accessories is driving the need for luxury packaging.
- Brand Differentiation and Customer Experience : Packaging plays a key role in luxury branding, enhancing consumer perception and loyalty.
- Sustainability Trends : The rising demand for eco-friendly luxury packaging materials is reshaping innovation and design.
- E-commerce Boom in High-End Retail : Premium brands are investing in luxury packaging to ensure safe delivery and unboxing appeal.
- High Cost of Luxury Packaging : Customization, premium materials, and limited production runs elevate costs.
- Counterfeit Products : Challenges in ensuring authenticity and security in packaging for premium goods.
- Regulatory Pressures : Increasing regulations around plastic and packaging waste affect material choices
Regional Insights:
North America Dominates Global Market Due to Strong Expansion of Food & Beverage Sector
North America is dominating the global market owing to the robust expansion of the region’s food & beverage industry. An increasing number of customers are indulging in gourmet foods due to their rising disposable incomes, which will boost the need for luxurious packaging solutions.
Europe is holding the second-leading position in the global market due to a notable presence of several leading luxury brands.
Notable Industry Development:
July 2024 – Quadpack Industries announced a new project with PSB Industries, a private company, to merge Quadpack and PSB’s key subsidiary, Texen, into a single group. Texen, headquartered in Brion, France, is known for producing high-quality packaging products for the luxury perfumery and makeup markets. It has its factories in in France, Poland, the U.S., and Mexico.
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
- DS Smith (U.K.)
- Ardagh Group (Luxembourg)
- Stoelzle Glass Group (Austria)
- WestRock (U.S.)
- Crown Holdings Inc. (U.S.)
- O-I Glass, Inc. (U.S.)
- Amcor Plc (Switzerland)
- IPL Packaging Inc. (China)
- Thou Luxury Packaging (India)
- Elegant Packaging (U.S.)
- HH Deluxe Packaging (U.K.)
- Lucas Luxury Packaging (Ireland)
- Prestige Packaging Industries (France)
- Pendragon Presentation Packaging (U.K.)
- Ekol Ofset (Turkey)
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