Packaging industry has been playing the role of the support system for almost all industries. As the manufacturing sector adapts to the changing customer expectations, the changing design of products and related packaging requirements are keeping the packaging solution providers on their toes. The global plastic packaging market size was valued at USD 348.08 billion in 2020 and is expected to grow at a compound annual growth rate of 4.2 per cent from 2021 to 2028. As the global market for online retailing continues to grow rapidly driven by penetration of the Internet and smartphones, consumers are increasingly buying more goods online.
This will continue to increase through to 2028 and will see an elevated demand for packaging solutions – especially corrugated board formats – that can safely ship goods through the more complex distribution channels. The rising demand for personal care products will also have a positive impact on the packing materials market growth. Rising income levels of consumers in emerging economies and willingness to spend on personal grooming will increase beauty and skincare products’ demand in the coming years.
The robust growth of the e-commerce sector is likely to open new avenues for industry growth. E-commerce companies prefer lightweight and flexible packaging solutions to reduce the cost of transportation. The rising preference for online shopping of daily fresh foods, FMCG products, and electronic gadgets as well as clothing is expected to spur the industry growth. To tap into the market potential, small and large players are venturing into this domain to fulfil the demand for packaging materials.
After studying this industry segment in-depth, we have come up with the list of Top 10 Packaging Material Manufacturers who have excelled in this field with their innovative approach. Having proven their dedication to quality and delivery in order to meet the customer expectations in an end-to-end manner, these companies have stood out from the crowd.
We look forward to receiving your feedback and suggestions.