Updated Feb 18, 2023 22:56

Global Packaging Materials Market

Market Overview
For the third consecutive year, the global packaging materials market recorded growth in sales value, which increased by % to $ in . Over the period under review, the total consumption indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Global consumption peaked in and is likely to see steady growth in the near future.

In value terms, packaging materials production reached $ in estimated in export price. In general, the total production indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by % against the previous year. Over the period under review, global production reached the maximum level at $ in 2018; however, from 2019 to , production failed to regain momentum.

The countries with the highest volumes of production in were China ( tons), the United States ( tons) and Germany ( tons), together comprising % of global production. Japan, India, South Korea, Sweden, Brazil, Russia, Indonesia, Finland, Italy and France lagged somewhat behind, together comprising a further %.

From 2007 to , the biggest increases were recorded for India (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.


Consumption
In , approx. tons of packaging materials were consumed worldwide; approximately mirroring the year before. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked in and is likely to see gradual growth in the near future.

The global packaging materials market value stood at $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Global consumption peaked in and is expected to retain growth in the near future.


Consumption by Country
The countries with the highest volumes of consumption in were China ( tons), the United States ( tons) and Japan ( tons), with a combined % share of global consumption. These countries were followed by India, Germany, Italy, South Korea, Mexico, Brazil, Indonesia, Poland, Spain and Russia, which together accounted for a further %.

From 2007 to , the biggest increases were recorded for India (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($) led the market, alone. The second position in the ranking was held by the United States ($). It was followed by Japan.

In China, the packaging materials market increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: the United States (+% per year) and Japan (-% per year).

The countries with the highest levels of packaging materials per capita consumption in were South Korea ( kg per person), Poland ( kg per person) and the United States ( kg per person).

From 2007 to , the biggest increases were recorded for Poland (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Consumption by Type
Paperboard case materials ( tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, paperboard case materials exceeded the figures recorded for the second-largest type, folding boxboard ( tons), fourfold. The third position in this ranking was held by wrapping paper, packaging paper and paperboard ( tons), with a % share.

For paperboard case materials, consumption increased at an average annual rate of +% over the period from 2007-. For the other products, the average annual rates were as follows: folding boxboard (+% per year) and wrapping paper, packaging paper and paperboard (+% per year).

In value terms, paperboard case materials ($) led the market, alone. The second position in the ranking was held by folding boxboard ($). It was followed by wrapping paper, packaging paper and paperboard.

From 2007 to , the average annual growth rate of the value of paperboard case materials markets stood at +%. With regard to the other consumed products, the following average annual rates of growth were recorded: folding boxboard (+% per year) and wrapping paper, packaging paper and paperboard (+% per year).


Market Forecast
Driven by increasing demand for packaging materials worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .