Email
Print
Custom Packaging Market Overview:
Custom Packaging Market size is estimated to reach $37 billion by 2030, growing at a CAGR of 5.4% during the forecast period 2023-2030. Increasing demand for eco-friendly and sustainable packaging materials, rising e-commerce activities, growing consumer preference for customized packaging, and increasing demand for convenience are propelling the growth of the Custom Packaging Market.
With the growth of e-commerce, there is a higher demand for customized packaging that can help businesses differentiate their products and enhance the customer experience. In addition, custom packaging allows brands to create a unique and personalized experience for their customers by incorporating specific branding elements such as logos, colors and messaging. This increases brand awareness and recognition and creates a more memorable and engaging customer experience.
Market Snapshot:
Custom Packaging Market - Report Coverage:
The “Custom Packaging Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Custom Packaging Market.
Covid and Ukrainian Crisis Impact :
Due to the global economic crisis caused by the Covid pandemic, there is a mixed impact on the custom packaging market. On the one hand, the pandemic has increased demand for custom packaging due to the growth of e-commerce, and customized packaging helps businesses differentiate their products and enhance the customer experience. However, the pandemic has also led to supply chain disruptions and increased costs for custom packaging materials, making it more challenging for businesses to produce and distribute customized packaging. In addition, the pandemic had an overall economic downturn, which has reduced consumer spending and decreased demand for certain types of custom packaging.
The Ukraine-Russia conflict has disrupted the supply chain of raw materials used to produce packaging materials. Ukraine is a major exporter of paper and cardboard, widely used in the packaging industry. The war also disrupted the supply of raw materials and caused price fluctuations as most companies prohibited business operations in Russia.
Key Takeaways:
Fastest Growth of Asia-Pacific Region
Geographically, in the global Custom Packaging market share, Asia Pacific is analyzed to grow with the highest CAGR of 6.4% during the forecast period 2023-2030 owing to the rapidly growing e-commerce industry, the manufacturing sector, rising disposable incomes, and government initiatives to promote sustainable packaging.
Healthcare & Pharmaceuticals to Register the Fastest Growth
The Healthcare and pharmaceutical segment is estimated to grow with the highest CAGR of 6.1% during the forecast period, for the custom packaging market. The healthcare and pharmaceutical industries require specialized packaging solutions to protect products from contamination, degradation, and other potential hazards. These industries are highly regulated, with strict packaging materials, labelling; and product safety requirements which led to a demand for customized packaging solutions that meet these regulatory requirements.
Dominance of Plastic in the Custom Packaging Market
Plastic is the most widely used material in the custom packaging market due to its versatility, durability, cost-effectiveness, and convenience for consumers. Plastic materials are commonly used in various packaging applications, including food and beverages, healthcare & cosmetics; and are often more cost-effective than other materials like glass or metal. Technological advancements in the plastic industry, such as developing eco-friendly and biodegradable plastics, are driving demand for plastic packaging solutions.
Adoption of Paper & Paperboard Custom Packaging
The Paper and Paperboard segment is estimated to grow the fastest at a CAGR of 6.2% from 2023 to 2030. The rapid growth is due to a growing focus on sustainability in the packaging industry, and paper-based products are considered eco-friendlier and more sustainable than plastics. Technological advancements in the paper and paper board industry drive demand for high-quality, durable paper products. Moreover, regulatory requirements and increasing consumer demand for eco-friendly and sustainable packaging solutions are driving demand for paper and paperboard packaging.
Stringent Regulatory Requirements & Environmental Issues
Stringent regulatory requirements and environmental issues are significant restraints in the custom packaging market. The packaging industry is subject to strict product
safety, labeling, and ecological sustainability regulations, which can limit innovation and increase costs.
Additionally, there is a growing demand for sustainable and eco-friendly packaging solutions to address environmental issues such as pollution and greenhouse gas emissions.
Failure to address these concerns can result in reputational damage, decreased market share, and reduced profitability. According to the UN environment program, approximately 36% of all plastics produced are used in packaging and about 85% of them end up in landfills or as unregulated waste leading to pollution.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Custom Packaging Market. The top 10 companies in this market are listed below:
1. Owens Illinois Inc.
2. Salazar Packaging Inc.
3. Design Packaging Inc.
4. PrimeLine Packaging
5. DS Smith plc.
6. Elegant Packaging
7. International Packaging Inc.
8. Pak Factory Inc.
9. Smurfit Kappa Group
10. CB Packaging Ltd.
Scope of Report:
1. Custom Packaging Market - Overview
1.1. Definitions and Scope
2. Custom Packaging Market - Executive Summary
3. Custom Packaging Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Custom Packaging Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Custom Packaging Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Custom Packaging Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Custom Packaging Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Custom Packaging Market – By Material Type (Market Size – $Million/$Billion)
8.1. Paper and Paperboard
8.2. Plastic
8.3. Glass
8.4. Metal
8.5. Others
9. Custom Packaging Market – By Packaging Type (Market Size – $Million/$Billion)
9.1. Bottles
9.2. Containers and Jars
9.3. Bags and Pouches
9.4. Cartons and Boxes
9.5. Envelopes
9.6. Others
10. Custom Packaging Market – By End-Use Industry (Market Size – $Million/$Billion)
10.1. Food and Beverages
10.2. Personal Care and Cosmetics
10.3. Healthcare and Pharmaceuticals
10.4. Electronics
10.5. Consumer Goods
10.6. Logistics
10.7. Others
11. Custom Packaging Market – by Geography (Market Size – $Million/$Billion)
11.1. North America
11.1.1. The U.S.
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. UK
11.2.2. Germany
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. India
11.3.3. Japan
11.3.4. South Korea
11.3.5. Australia & New Zealand
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Chile
11.4.4. Colombia
11.4.5. Rest of South America
11.5. Rest of the World
11.5.1. Middle East
11.5.2. Africa
12. Custom Packaging Market – Entropy
13. Custom Packaging Market – Industry/Segment Competition Landscape
13.1. Market Share Analysis
13.1.1. Market Share by Product Type – Key Companies
13.1.2. Market Share by Region – Key Companies
13.1.3. Market Share by Country – Key Companies
13.2. Competition Matrix
13.3. Best Practices for Companies
14. Custom Packaging Market – Key Company List by Country Premium
15. Custom Packaging Market - Company Analysis
15.1. Owens Illinois Inc.
15.2. Salazar Packaging Inc.
15.3. Design Packaging Inc.
15.4. PrimeLine Packaging
15.5. DS Smith plc.
15.6. Elegant Packaging
15.7. International Packaging Inc.
15.8. Pak Factory Inc.
15.9. Smurfit Kappa Group
15.10. ABOX Packaging
15.11. ACG Ecopak
15.12. CB Group
15.13. Huhtamaki Oyj
15.14. The Mondi Group plc
15.15. The Box Factory Limited
"Financials to the Private Companies would be provided on best-efforts basis."
Connect with our experts to get customized reports that best suit your requirements. Our reports include global-level data, niche markets and competitive landscape.
Custom Packaging Market is projected to grow at 5.4% CAGR during the forecast period 2023-2030.
Custom Packaging Market size is estimated to be $26 billion in 2023 and is projected to reach $37 billion by 2030
Top Companies in the Custom Packaging Market are Owens Illinois Inc., Salazar Packaging Inc., Design Packaging Inc., PrimeLine Packaging, DS Smith plc. and others.
Sustainable packaging, technological advancements, and increasing demand for personalized packaging are the major trends expected to shape the custom packaging market in the future.
Increasing demand for eco-friendly and sustainable packaging materials, rising e-commerce activities, growing consumer preference for customized packaging, and rising use of bio-plastics for packaging are the driving factors of the market.