GITNUX MARKETDATA REPORT 2024

Global Packaging Industry Statistics [Fresh Research]

Statistic 1

"The global packaging market size was valued at $909.2 billion in 2019."

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Statistic 2

"The packaging industry is expected to reach $1.05 trillion by 2024."

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Statistic 3

"The Compound Annual Growth Rate (CAGR) for the packaging industry from 2020 to 2027 is projected to be 4.2%."

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Statistic 4

"The Asia Pacific region contributed to over 44% of the total market share in terms of revenue in 2019 in the packaging industry."

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Statistic 5

"Flexible packaging is projected to witness a CAGR of 3.8% during 2020-2027."

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Statistic 6

"North America accounted for 28% of the global packaging industry by revenue in 2019."

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Statistic 7

"Food and beverage applications dominated the market with a share of 41.1% in 2019."

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Statistic 8

"The petrochemical industry provided raw materials to about 40% of the global packaging industry in 2018."

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Statistic 9

"The growth of the e-commerce sector is projected to drive the demand for corrugated packaging, with a projected CAGR of 3.7% from 2020 to 2027."

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Statistic 10

"37% of global retail e-commerce packaging market volume came from Asia Pacific in 2018."

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Statistic 11

"In 2017, the pharmaceuticals application segment in packaging constituted around 25% market share."

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Statistic 12

"The U.S. contributed to almost 90% of the North American packaging market in 2019."

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Statistic 13

"The food packaging industry, which constituted around 60% of the market in 2020, is predicted to stay at the helm during the forecast period."

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