Packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product. Moreover, it also provides protection from environmental factors such as dust, moisture, and wind. Apart from safeguarding the product, packaging also helps in marketing the product to customers. Elegant packaging design... View more

Packaging is a system for corralling and protecting a product from damage. It plays a vital role in the safe storage and hygienic handling of a product. Moreover, it also provides protection from environmental factors such as dust, moisture, and wind. Apart from safeguarding the product, packaging also helps in marketing the product to customers. Elegant packaging design with various color schemes and designs has an impact on consumer demand as it can sway the preference of customers. Aesthetically appealing packaging is meant to reflect the quality of the product and hence serves both brand promotion and advertising purposes. Packaging is of two types, rigid and flexible. Flexible packaging is any package whose shape can be readily changed. Examples of flexible packaging include bags and pouches. Rigid packaging includes boxes, trays, cans, bottles, and pots and is the dominant market segment.

The packaging materials that are used commonly include plastic, metal, brick cartons, paper, cardboard, and glass. These materials are used in the various end-use industries depending on packaging requirements. For instance, aluminum and tin are used to store food & beverages in cans owing to corrosion resistant properties of these metals which ensure that the product is not contaminated. Similarly, alcohol is typically stored and sold in glass bottles as they look visually appealing and have a longer shelf life than plastic bottles.

The end users of packaging materials include food beverages, electronics, pharmaceuticals, personal care, textile, consumer goods, and chemical processing. The largest end user of packaging materials is the food and beverages industry owing to increasing demand for packaged food in emerging economies. Pharmaceutical companies rely on packaging in order to protect and promote their products, meet regulations, and increase patient compliance. Especially, the use of plastic is preferred due to high dimensional stability, moisture barrier, strain resistance, low water absorption, and resistance to heat.

Plastic is the most used packaging material. It is also lightweight, strong and cheap to procure in the current market. Plastic packaging materials are manufactured from petroleum and its derivatives, and are used in various end user industries. Polyethylene terephthalate (PET) is used as primary feedstock in the manufacture of plastic bottles which finds large application in food & beverages, pharmaceuticals and cosmetics industries due to its high durability, light weight, low cost and recyclability. However, stringent government regulations imposed on the petroleum and chemicals industry due to emissions of CO2 and greenhouse gases, and fluctuation of crude oil prices are the factors that expected to hinder the growth of the global plastic packaging market. However, plastics are non-biodegradable and end up in landfills. Therefore, a shift towards sustainable packaging materials such as paper, paperboard, cardboard, metal and glass has been observed in the recent past. Utilization of sustainable packaging in increasing due to growing environmental awareness among the populace.

Opportunities

The growing disposable income, increasing consumer preference for packaged goods, and the expanding retail industry, especially in Asia Pacific and Latin America, are factors that are favouring growth of this industry. For instance, according to the India Brand Equity Foundation (is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India), the retail market in India is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015.

Also, increasing awareness regarding food contamination has intensified the packaging market growth. Asia Pacific is the largest and fastest growing market. The advent of online shopping and consumption of cosmetics has resulted in a booming market in countries such as India, China, and Indonesia. Moreover, the “Make in India” campaign by the Indian government is expected to have a positive impact on the growth of the packaging industry in India. North America is a leading market for paper packaging. The industry in North America recycles up to 70% of its used paper, according to the U.S. Forest and Paper Association. In Europe, the European Paper Recycling Council aims to achieve 74% recycling in the European Union. The paper packaging industry in North America and Europe is expected to serve as a model for emerging markets.

Challenges

The environmental concerns regarding plastic packaging are expected to hamper growth of the packaging industry to some extent. Moreover, the preferred substitute to plastic is paper which, although recyclable, involves logging of forest areas. This has resulted in stringent packaging regulations. Constantly fluctuating oil price is also affecting the market growth. Also, leaching of chemicals from packaging into the product is a major concern. Cases of toxic packaging have been observed in China which has affected consumer demand.

Regulatory Scenario

Stringent government regulations and time consuming approval process before launching commercially, has led manufacturers to obtain approvals prior to distribution. For instance;

  • China: The Food Safety Law 2009 contains provisions requiring clean and non-toxic packaging materials and penalties for marketing food that is contaminated by packaging materials.
  • India: Ministry of Environment and Forests banned use of plastic packaging for tobacco products. Also, the minimum thickness of plastic carry bags increased from 20 microns to 40 microns.
  • EU: The EU Packaging Directive (94/62/EC as amended) seeks to promote the recovery and recycling of packaging waste.

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Packaging Published Insights

Coherent Market Insights Laminated Labels Market

Published Date : Aug 2024

The laminated labels market has been gaining traction over the past few years. Laminated labels are manufactured by bonding a thin plastic film, such as polyester or polypropylene films, to a paper or filmic substrate with the help of an adhesive. They provide excelle... View more

Coherent Market Insights Protective Packaging Market

Published Date : Aug 2024

Global protective packaging market is estimated to be valued at USD 36.88 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.  Protective packaging refers to packaging solutions and materials that help cushion products from dama... View more

Coherent Market Insights Beverage Packaging Market

Published Date : Jul 2024

Beverage packaging is a growing industry worldwide. With rising health consciousness and changing lifestyles, the beverage packaging market is evolving rapidly. Beverages like bottled water, carbonated soft drinks, juices, dairy drinks, alcoholic beverages, and others... View more

Coherent Market Insights Airless Packaging Market

Published Date : Jul 2024

The airless packaging market is estimated to be valued at USD 6.72 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. Airless packaging or bag-in-box packaging is a novel liquid packaging system wherein the product remains protected... View more

Coherent Market Insights Esd Bags Market

Published Date : Jul 2024

The ESD bags market has seen considerable growth in recent years due to the rising demand from the electronics and semiconductor industries. Electronic devices are sensitive to electrostatic discharge which can damage integrated circuits and other components. ESD bags... View more

Coherent Market Insights Release Liners Market

Published Date : Jul 2024

The release liners market has witnessed significant growth in the last few decades owing to increased application in various end-use industries such as pressure sensitive labels, tapes, medical, graphics, and industrial. Release liners refer to backing materials coate... View more

Coherent Market Insights Single Use Packaging Market

Published Date : Jul 2024

The single use packaging market is estimated to be valued at USD 108.35 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The single use packaging market has been witnessing steady growth in recent years. Also known as disposable p... View more

Coherent Market Insights Pallet Racking Market

Published Date : Jul 2024

The pallet racking market is estimated to be valued at USD 10.73 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 9.3% from 2024 to 2031. Pallet racking refers to the storage systems consisting of upright frames, beams, and pallets used for storing, tran... View more

Coherent Market Insights Corrugated Packaging Market

Published Date : Jul 2024

Global corrugated packaging market has been growing steadily over the past few decades. Global corrugated packaging refers to packaging materials made from corrugated fiberboard, which is a combination of linerboard and corrugated medium sandwiched together. It has se... View more

Coherent Market Insights Plastic Packaging Market

Published Date : Jul 2024

The plastic packaging market is estimated to be valued at USD 398.19 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031. The plastic packaging market has been witnessing steady growth over the past few decades driven by the increasin... View more

Coherent Market Insights Personalized Packaging Market

Published Date : Jun 2024

The personalized packaging market is estimated to be valued at USD 36.23 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. Personalized packaging is an innovative way of packaging goods and products that offers a tailored unboxing ... View more

Coherent Market Insights On The Go Breakfast Packaging Market

Published Date : Jun 2024

The on the go breakfast packaging market is estimated to be valued at USD 1.45 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031. The growing trend of health consciousness across the globe is driving the demand for convenient and he... View more

Coherent Market Insights Hexagonal Packaging Market

Published Date : Jun 2024

Hexagonal packaging provides numerous advantages over regular packaging formats. With six sides instead of four, hexagonal packaging maximizes space during transportation and storage. They can fit together tightly with no gaps in between, allowing 25% more products to... View more

Coherent Market Insights Disappearing Packaging Market

Published Date : May 2024

The disappearing packaging market is estimated to be valued at USD 4.26 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031. Disappearing packaging refers to packaging that decomposes or disappears after use without le... View more

Coherent Market Insights Sustainable Packaging Market

Published Date : May 2024

Global sustainable packaging market is estimated to be valued at USD 400.34 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. Sustainable packaging refers to the development and use of packaging that results in improved sustainabil... View more

Coherent Market Insights Print Label Market

Published Date : May 2024

Printing labels have widespread applications across various end-use verticals such as food & beverages, pharmaceuticals, personal care, and industrial labels, among others. Growth in the e-commerce sector has been a major driver of market growth. Product labelling... View more

Coherent Market Insights Adherence Packaging Market

Published Date : May 2024

Global adherence packaging market is estimated to be valued at USD 1.05 Bn in 2024 and exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.  Adherence packaging refers to the packaging of pharmaceutical dosage forms in a sequential manner fo... View more

Coherent Market Insights Food Container Market

Published Date : May 2024

The global food container market has been witnessing steady growth in the recent years. Food container refers to packaging products that are used for packaging various food products. Rising demand for convenient packaging from both the food service industry as well as... View more

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