Global containers & packaging market to keep momentum in coming years

The global containers & packaging market has experienced dynamic development in recent years and is forecast to keep this momentum according to MarketLine’s Global Containers & Packaging Industry Profile.

For several years, strong market growth has been seen, driven by the sale of high-quality recyclable products, which have become a significant feature of the market.

Figure 1: Growth of the global containers and packaging market. Source: Marketline.

In the coming years, according to MarketLine data, the growth trend is expected to remain between 3.8% and 4.4%, varying depending on the type of packaging. This applies to both the raw material from which the packaging was made and the intended use of the packaging itself.

Environmental concerns are affecting the demand for packaging made from ecological raw materials. Thus, the forecasted growth of paper and cardboard, metal and glass packaging are expected to rise with CAGRs of 3.6%, 3.7% and 3% respectively over the 2017-2022 period.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Packaging Gateway.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fig2: CAGR of the Global Containers & Packaging market by segment. Source: Marketline.

The positive dynamics of the development of the rigid and flexible plastic packaging market can also be noted. It is expected that the growth rate of the paper and cardboard segment will equal and even exceed the growth of the plastic packaging segment in the coming years as recyclability and environmental concerns assume greater importance.

For more detailed information on containers and packaging and other markets go to the MarketLine Advantage website.