The global next generation packaging market is on track to achieve a market valuation of US$ 12,847.9 million by 2023. Demand is set to gain momentum at a projected CAGR of 6.43% from 2023 to 2033. The market is expected to reach US$ 23,952.9 million by 2033.
Key Trends and Highlights
Attributes | Key Insights |
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Next Generation Packaging Market Estimated Size in 2023 | US$ 12,847.9 million |
Projected Market Size in 2033 | US$ 23,952.9 million |
Value-based CAGR from 2023 to 2033 | 6.43% |
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The scope for global next-generation packaging market insights rose at a 2.76% CAGR between 2018 and 2022. The next-generation packaging market is anticipated to develop at a moderate CAGR of 6.43% over the forecast period from 2023 to 2033.
Attributes | Details |
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Market Value in 2018 | US$ 11,480.2 million |
Market Value in 2022 | US$ 12,800.3 million |
CAGR from 2018 to 2022 | 2.76% |
The global next-generation packaging market is poised for substantial growth in the coming years, primarily driven by several key factors. The aging global population is creating a heightened demand for packaging solutions that cater to the specific needs of elderly consumers, such as easy-open features and clear labeling.
Advancements in packaging materials are further contributing to the market's expansion, as innovative materials offer improved preservation and protection of products while aligning with sustainability goals.
A notable trend accompanying this growth is the increasing investment in research and development within the packaging technology sector. Companies are keen on enhancing their packaging offerings, whether through smart packaging solutions or eco-friendly materials.
The widespread adoption of QR codes on packaging is another significant trend, enabling brands to provide consumers with valuable information, promotions, and engagement opportunities.
The development of advanced sensors is revolutionizing the way packaging interacts with products, ensuring freshness, authenticity, and quality assurance. The trends collectively shape the future landscape of the next-generation packaging market, promising further innovation and sustainability in the industry.
From the below table, it is evident that active packaging is expected to acquire a 43.6% revenue share in 2033. The table further continues with details about how food & beverage are anticipated to witness a market share of 41.2% through 2033.
Category | Market Share by 2033 |
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Active Packaging | 43.6% |
Food & Beverage | 41.2% |
The food and beverage sector within the next-generation packaging market offers a range of significant advantages. These include safeguarding food against contamination, extending the shelf life of food products, and enhancing overall operational efficiency.
These factors are poised to drive substantial growth within the food packaging industry. Changing demographics, such as smaller household sizes, increasing disposable incomes, and a growing population, are expected to have a positive influence on the market.
Active packaging, with its diverse range of benefits such as enhanced product freshness, prolonged shelf life, and protection against contamination, commands a substantial share of over 43.6% in the global next-generation packaging market.
This dominance is anticipated to persist steadily throughout the forecast period, underlining its pivotal role in shaping the future of packaging solutions across various industries.
The below table showcases revenues in terms of the five regions, spearheaded by North America, Europe, Asia Pacific, and Latin America. Out of these countries, North America is leading followed by Europe.
Market Share in 2023
North America | 19.3% |
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Europe | 10.3% |
Asia Pacific | 8.7% |
Latin America | 7.1% |
The retail sector in North America is experiencing robust growth, fueled by consumer preferences for convenient and packaged food products. The trend is poised to significantly boost the demand for advanced packaging solutions in the region. North America enjoys a competitive advantage with a multitude of packaging manufacturers operating within its borders, further supporting the industry's expansion.
The combination of a thriving retail landscape and a well-established manufacturing base positions North America as a key player in the global packaging market. As consumers continue to seek convenience and reliable packaging for their purchases, the region is primed for sustained growth in the packaging sector, offering innovative solutions to meet evolving market demands.
Europe, despite reaching a high level of market saturation, is poised for continued growth in the next-generation packaging sector. The region's single market policy, which facilitates free trade among European countries, is a key driver of this optimistic outlook. The seamless flow of goods within the European Union encourages exports, providing a conducive environment for industry expansion. The region’s analysis includes both Western and Eastern Europe.
Europe’s consumers and businesses are increasingly embracing sustainability and environmental consciousness, which aligns with the goals of next-generation packaging technologies.
As the demand for eco-friendly and smart packaging solutions continues to rise, Europe is likely to witness sustained growth in the next-generation packaging market, driven by the need for innovative and environmentally responsible packaging solutions.
The food packaging industry in the Asia Pacific is on the brink of significant expansion, driven by a confluence of factors. The region covers an analysis of the next generation packaging landscape in East Asia and South Asia & Pacific.
Rising per capita income, a steadily increasing population, and a surging demand for packaged food are particularly fuelling this growth trajectory. Emerging economies such as India, Japan, and China are leading the charge in the region, experiencing a growing appetite for packaged food products.
As consumers' disposable income levels continue to rise, there is a notable shift towards convenience and processed foods across the Asia Pacific. This trend, coupled with the region's burgeoning population, presents a substantial market opportunity for food packaging solutions. Manufacturers are increasingly focusing on innovative and sustainable packaging technologies to meet evolving consumer demands and capitalize on the burgeoning food packaging sector in the region.
The food packaging industry in Latin America is poised for substantial growth, driven primarily by two key factors. Firstly, the region's expanding middle class, accompanied by a considerable increase in purchasing power, is changing consumption patterns and fueling the demand for packaged food products. This rising affluence is leading to a shift towards convenience and packaged foods, propelling the food packaging industry forward.
On another front, India stands out as the fastest-growing market in the food packaging sector. The country's burgeoning retail chains are experiencing a surge in popularity, contributing significantly to the increased demand for food packaging solutions.
As more consumers turn to organized retail outlets and modern supermarkets, the need for efficient and appealing food packaging becomes paramount. This trend is expected to continue driving the growth of the food packaging industry in India, making it a prominent player in the global landscape.
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Major next-generation packaging market players are innovating to address critical care requirements and boost user confidence, fostering market expansion. The growing elderly population is expected to significantly impact market growth, driving manufacturers to develop competitive products.
Some of the recent developments are:
Attributes | Details |
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Estimated Market Size in 2023 | US$ 12,847.9 million |
Projected Market Valuation in 2033 | US$ 23,952.9 million |
CAGR Share from 2023 to 2033 | 6.43% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in US$ million |
Key Regions Covered |
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Key Market Segments Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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The market is expected to reach a valuation of US$ 12,847.9 million in 2023.
The market is set to expand by a CAGR of 6.43% by 2033.
The market is forecasted to reach US$ 23,952.9 million by 2033.
Active packaging is preferred and are expected to rise at a market share of 43.6% through 2033
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Type, 2023 to 2033 5.3.1. Active Packaging 5.3.1.1. Antimicrobials 5.3.1.2. Gas Scavengers 5.3.1.3. Gas Emitters 5.3.1.4. Others 5.3.2. Intelligent Packaging 5.3.2.1. Sensors 5.3.2.2. Indicators 5.3.2.3. Tags 5.3.3. Modified Atmosphere Packaging 5.4. Y-o-Y Growth Trend Analysis By Packaging Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Packaging Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Food & Beverages 6.3.2. Healthcare & Pharmaceuticals 6.3.3. Personal Care 6.3.4. Logistics & Supply Chain 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. The USA 8.2.1.2. Canada 8.2.2. By Packaging Type 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Packaging Type 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Packaging Type 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Packaging Type 9.3.3. By Application 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Packaging Type 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Packaging Type 10.3.3. By Application 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Packaging Type 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Packaging Type 11.3.3. By Application 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Packaging Type 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Packaging Type 12.3.3. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Packaging Type 13.2.3. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Packaging Type 13.3.3. By Application 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Packaging Type 14.2.3. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Packaging Type 14.3.3. By Application 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Packaging Type 15.1.2.2. By Application 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Packaging Type 15.2.2.2. By Application 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Packaging Type 15.3.2.2. By Application 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Packaging Type 15.4.2.2. By Application 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Packaging Type 15.5.2.2. By Application 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Packaging Type 15.6.2.2. By Application 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Packaging Type 15.7.2.2. By Application 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Packaging Type 15.8.2.2. By Application 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Packaging Type 15.9.2.2. By Application 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Packaging Type 15.10.2.2. By Application 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Packaging Type 15.11.2.2. By Application 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Packaging Type 15.12.2.2. By Application 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Packaging Type 15.13.2.2. By Application 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Packaging Type 15.14.2.2. By Application 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Packaging Type 15.15.2.2. By Application 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Packaging Type 15.16.2.2. By Application 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Packaging Type 15.17.2.2. By Application 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Packaging Type 15.18.2.2. By Application 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Packaging Type 15.19.2.2. By Application 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Packaging Type 15.20.2.2. By Application 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Packaging Type 15.21.2.2. By Application 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Packaging Type 15.22.2.2. By Application 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Packaging Type 15.23.2.2. By Application 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Packaging Type 16.3.3. By Application 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Amcor Limited 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. WestRock Company 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Sonoco Products Company 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Sealed Air Corporation 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Stora Enso Oyj 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Bemis Company, Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. MULTIVAC 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. WS Packaging Group, Inc. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Active Packaging Limited 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. ULMA Packaging 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. S.Coop 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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