GITNUX MARKETDATA REPORT 2024

Must-Know Packaging Industry Statistics [Current Data]

In this post, we will explore key statistics highlighting the significant impact of the packaging industry on the global economy and various sectors. From market size projections to material preferences and future trends, these statistics offer valuable insights into the dynamic landscape of packaging.

Statistic 1

"The global packaging market size is expected to reach USD 1.05 trillion by 2026, growing at a CAGR of 4.2%."

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Statistic 2

"In 2019, the packaging industry in the United States was valued at 183.92 billion U.S. dollars."

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Statistic 3

"The food and beverage industry utilizes about 55-60 percent of all packaging."

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Statistic 4

"The global paper and paperboard packaging market size was valued at USD 174.02 billion in 2018."

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Statistic 5

"Corrugated boxes accounted for the largest market share at over 41% of the total packaging materials market in 2021."

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Statistic 6

"Biodegradable plastics packaging market is set to register approximately 14.6% CAGR during 2019-2028."

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Statistic 7

"The global beverage packaging market size was valued at $123.8 billion in 2019."

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Statistic 8

"By 2025, the e-commerce packaging market is expected to reach 71.04 billion USD."

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In conclusion, the packaging industry is experiencing significant growth globally, with key markets such as the United States, food and beverage, paper and paperboard, and biodegradable plastics showcasing promising trends and opportunities. The rise of e-commerce is also driving substantial market value, with projections indicating continued expansion in the coming years. Overall, these statistics highlight a dynamic and evolving industry landscape with diverse applications and increasing demand for sustainable packaging solutions.

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