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The global packaging and protective packaging market size was around USD 1.17 Trillion in the year 2024. The market is estimated to grow at a CAGR of 4.20% between 2025 and 2034, reaching a value of nearly USD 1.77 Trillion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.2%
Value in USD Trillion
2025-2034
Packaging and Protective Packaging Market Outlook
*this image is indicative*
Global Packaging and Protective Packaging Market Report Summary | Description | Value |
Base Year | USD Trillion | 2024 |
Historical Period | USD Trillion | 2018-2024 |
Forecast Period | USD Trillion | 2025-2034 |
Market Size 2024 | USD Trillion | 1.17 |
Market Size 2034 | USD Trillion | 1.77 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 4.20% |
CAGR 2025-2034 - Market by Region | Asia Pacific | 4.8% |
CAGR 2025-2034 - Market by Country | India | 5.6% |
CAGR 2025-2034 - Market by Country | China | 4.6% |
CAGR 2025-2034 - Market by Type | Flexible | 4.5% |
CAGR 2025-2034 - Market by Function | Cushioning | 5.2% |
Market Share by Country 2024 | UK | 3.3% |
Packaging refers to the enclosing of products using a container, box, or similar item to protect it from damage during shipping and storage. Meanwhile, protective packaging refers to the packaging material used to wrap or protect goods from external conditions during shipping and warehousing. It is engineered to safeguard goods from a range of potential hazards, such as atmospheric, magnetic, electrostatic, vibration, or shock damage.
Global Packaging and Protective Packaging Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Function
Market Breakup by Material
Market Breakup by End Use
Market Breakup by Region
As per the packaging and protective packaging market analysis, paperboard is widely used in various packaging applications, including frozen food, beverage cartons, pharmaceuticals, aseptic boxes, cosmetic and perfume packaging, candy boxes, and cereal boxes, among others. The demand for paper and paperboard packaging, especially from the food and beverage industry, is expected to increase during the forecast period due to the material’s versatility, cost-effectiveness, and flexibility. Moreover, stringent regulations aimed at lowering the use of plastic packaging are pushing manufacturers to look for more eco-friendly and sustainable alternatives, such as paperboard materials, which is expected to further drive its consumption over the coming years.
The Asia Pacific, with countries like China, India, Japan, Australia, and ASEAN, represents a significant portion of the global packaging and protective packaging market share. The region is expected to experience a robust growth throughout the forecast period as a result of rapid industrialisation and urbanisations trends observed in emerging economies and growing demand from major end use sectors of the product.
The growing consumption of packaged food, particularly in emerging countries such as China and India, contributes to the demand for packaging solutions. Meanwhile, the consumer goods industry is experiencing significant growth in countries like China, Japan, Australia, India, and Indonesia, which further favours the market growth.
CAGR 2025-2034 - Market by | Country |
India | 5.6% |
China | 4.6% |
Canada | 4.1% |
Germany | 3.5% |
Italy | 2.9% |
USA | XX% |
UK | XX% |
France | XX% |
Japan | 2.9% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global packaging and protective packaging market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
DS Smith Plc provides sustainable packaging solutions, paper products, and recycling services globally. Originating in East London in the 1940s, the company has a presence in over 30 countries and a workforce of 30,000+ employees. DS Smith is dedicated to sustainability and innovation, utilising recycled materials and circular economy principles. With a focus on customer satisfaction, DS Smith delivers high-quality products and services through its skilled workforce and advanced technology.
Pro-Pac Packaging Limited operates on a global scale, with an extensive distribution and manufacturing network that spans both Australia and New Zealand. Its range of packaging solutions includes primary, secondary, and tertiary options, catering to a diverse range of industries that includes primary produce, food processing, agriculture, warehousing, logistics, as well as retail and FMCG.
Sonoco Products Company is a global packaging manufacturer established in 1899. With over 19,000 employees and operations in 34 countries, the company serves prominent brands, delivering sustainable and comprehensive packaging solutions that enhance brand identities, elevate product quality, and improve customer interactions.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other companies operating in the packaging and protective packaging market include Sealed Air Corporation, Smurfit Kappa Group, International Paper Company, Storopack Hans Reichenecker GmbH, Huhtamäki Oyj, Universal Protective Packaging, Inc., and WestRock Company, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2024, the market reached an approximate value of USD 1.17 Trillion .
The market is assessed to grow at a CAGR of 4.20% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 1.77 Trillion by 2034.
The major market drivers include an increase in online shopping and increased sales of packaged food both in developed and developing economies supported by changing consumer spending habits.
Continuous technological advancements in packaging and rising adoption of sustainable packaging materials are key trends aiding the market growth.
North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, are the major regional markets of packaging and protective packaging.
Paper and paperboard, plastics, metal, and glass, among others, are the different materials used in packaging and protective packaging solutions.
The key players in the market are DS Smith Plc, Sealed Air Corporation, Pro-Pac Packaging Limited, Sonocco Products Company, Smurfit Kappa Group, International Paper Company, Storopack Hans Reichenecker GmbH, Huhtamäki Oyj, Universal Protective Packaging, Inc., and WestRock Company, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Function |
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Breakup by Material |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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