Primary Packaging Market: Global Industry Analysis and Forecast (2023-2029)

Primary Packaging Market was valued at US $ 107.44 Bn. in 2022. Global Primary Packaging Market size is estimated to grow at a CAGR of 6.91%.
Primary Packaging Market Overview:
It also keep the product in storage for ling period of time. Primary Packaging offers wide range of benefits, such as convenience, easy handling, proper display, and stacking.

Primary packaging is also used for security concerns, such as interfere resistance measures, tamper-evident features, RFID tags, dye-packs, authentication seals and other anti-theft and anti- counterfeit measures.

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Primary Packaging Market Dynamics:
Growing Opportunities of Primary Packaging in Pharmaceutical Industry:

The factors like rising e-commerce industry sales along with increasing demand for FMCG and pharmaceutical packaging are driving the market growth during the forecast period. The global pharmaceutical packaging market valued at US $ 73 billion in 2022. For instance, Indian pharmaceutical industry is leading the production of generic drugs and vaccine across the globe. India has strong network of more than 3000 drug companies along with more than 10500 manufacturing units, which are providing 20% of total global demand by volume. According to report, India export more than half of its production of pharmaceuticals to more than 200 countries.

The market growth is also driven by the factors like rising population, increase in income levels and changing lifestyles across the globe. The poor availability of raw materials is expected to hamper the  market growth during the forecast period. Nonetheless Technological advancement and growing penetration of major industry players in packaging market are expected to provide growth opportunities over the forecast period.

Primary Packaging Trends is expected to Reshapes the Market during Forecast Period:



These five major trends are expected to drive the primary market industry during the forecast period. The Rise in E-Commerce is expected to change the focus on improvement in packaging requirements, including for new products along with end-user delivery innovation. Changing consumer preferences towards more personalization, convenience, and affordability are expected to boost the product demand during the forecast period. The margin compression for FMCG companies and retailers is expected to resolve the threat of insolvency. Requirements for sustainability are expected to take into consideration in every step of the value chain over the forecast period. Digitalization/ IoT is expected to be used to drive the cost and for gaining a competitive edge with the consumer.
Primary Packaging Market Segment Analysis:
Based on the Type, the Market is segmented into Clamshell Packaging, Blister Packs, Paperboard Packaging, Unit Dose Packs, Shrink-Wrapping, and others. The Paperboard Packaging segment held the largest market share, accounting for 41% in 2022. The segment growth is primarily attributed to growing concerns for the environment is benefiting the paperboard packaging over other types of packaging, as it perceived and real environmental benefits, in using paperboard packaging. The characteristics including lightweight and easy availability of raw material along with cost-effectiveness, are driving the market growth for this segment.

The Growing production of paperboard across the countries like India, China, and U.S. are also boosting the primary packaging market growth. For instance, in India, Parksons, one of the leading producer of paperboard has capacity of producing paperboard more than 125 billion tonnes by annually.

Consumer Packaged Goods Expenditure of U.S. Consumer from 2018 to 2022 (in USD Billion):

Based on the Application, the Primary Packaging Market is segmented into Food and Beverages, Pharmaceutical, Personal Care, Household Care, and Others. The Food and Beverages segment held the largest market share, accounting for 38% in 2022. The Food and Beverages segment growth is attributed to exponential growth in the demand of packaged and processed food products across the globe, as a result, increased demand for varieties of food and beverages packaging solutions. Changing Lifestyles along with eating habits are impacting on demand of packaged food and beverages product, which are driving the primary packaging market growth for this segment. The global food packaging market size was valued at US $ 316.7 billion in 2022, and market is expected to grow at a CAGR of 6.37% during the forecast period. As a result the promising forecast number are expected to create new opportunities for primary packaging market over the forecast period.
Regional Insights:
Asia Pacific region held the largest market share accounted for 41.2 % in 2022. The region’s growth is attributed to the growing usage of primary packaging in pharmaceutical and food and beverages industry in the region. For instance, According to the Indian Institute of Packaging (IIP), the packaging usage has increased by more than 200% during 2010 to 2022, which was rising from 4.3 kg per person per annum to 8.6 kg per person per annum. The China is the world’s largest packaging consumer with consumption of US $ 234.21 billion in 2022. In addition, the regional growth is also benefited from the rising per capita incomes, growing population, rapid urbanisation and the advanced development of a retail infrastructure in countries like India, China, and Japan in the region.

The North America region is expected to grow at a CAGR of 7.10 % during the forecast period. A growing internet and smartphone penetration, along with the country's digital transformation, are expected to drive the primary packaging market growth in the region. The growing industries such as foods and beverages, pharmaceuticals, personal care, and household care across the region are expected to boost the product demand during the forecast period.

The objective of the report is to present a comprehensive analysis of the Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Primary Packaging Market dynamic, structure by analyzing the market segments and projecting the Primary Packaging Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Primary Packaging Market make the report investor’s guide.
Primary Packaging Market Scope: Inquiry Before Buying



Primary Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 107.44 Bn.


Forecast Period 2023 to 2029 CAGR:
6.91%
Market Size in 2029:
US $ 171.51 Bn.


 Segments Covered:
by Type
Clamshell Packaging
Blister Packs
Paperboard Packaging
Unit Dose Packs
Shrink-Wrapping
Others


by Mode of Packaging
Boxes
Cartons
Wrappers
Containers
Others


by Application
Food and Beverages
Pharmaceutical
Personal Care
Household Care
Others



Primary Packaging Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Albea Group
2. Amcor Ltd.
3. Ardagh Group
4. Capsugel Inc.
5. Bemis Company, Inc.
6. Clondalkin Group Holdings B.V.
7. Bormioli Rocco Spa
8. West Pharmaceutical Services, Inc.
9. Datwyler Holding Inc.
10.Gerresheimer AG
11. Heinz-Glas GmbH
12. Wihuri Group, Becton
13. Dickinson & Company
14. Hindustan National Glass & Industries Ltd.
15. ITC
16. Koa Glass Co. Ltd.
17. MeadWestvaco Corp.
18. Schott AG
19. Mondi plc.
20. Intrapac Group
21. Rexam PLC
22. Saint-Gobain

Frequently Asked Questions:

1] What segments are covered in the Primary Packaging Market report?
Ans. The segments covered in the Primary Packaging Market report are based on Type, Mode of Packaging, and Application.

2] Which region is expected to hold the highest share in the Primary Packaging Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Primary Packaging Market.

3] What is the market size of the Primary Packaging Market by 2029?
Ans. The market size of the Primary Packaging Market by 2029 is US $ 171.51 Bn.

4] What is the forecast period for the Primary Packaging Market?
Ans. The Forecast period for the Primary Packaging Market is 2023-2029.

5] What was the market size of the Primary Packaging Market in 2022?
Ans. The market size of the Primary Packaging Market in 2022 was US $ 107.44 Bn.