Secondary Packaging Market size is set to grow by USD 72.19 billion from 2023-2027; Growing e-commerce industry boost the market - Technavio

NEW YORK, May 31, 2023 /PRNewswire/ -- The secondary packaging market size is estimated to grow by USD 72.19 billion from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 4.04%, however, the growth momentum will progress during the forecast period. Factors driving the growth of the market include the growing e-commerce industry, the increasing need for sustainable packaging solutions, and the increasing demand for processed and packaged foods.

What are the key data covered in this Secondary Packaging Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Secondary Packaging Market between 2023 and 2027
• Precise estimation of the size of the Secondary Packaging Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Secondary Packaging Market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Secondary Packaging Market vendors

North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 33%. The increase in import and export activities in North America has led to the growing demand for superior packaging. Furthermore, growth in the e-commerce industry is also driving the growth of the North American market. Major players in the market originate from North America. Some of these include International Paper, WestRock, Packaging Corp. of America, and Mondi. Continuous expansion of new facilities in the region by prominent vendors is expected to drive the production capacity of secondary packaging. For instance, in December 2021, International Paper expanded its production facility in the US for corrugated packaging.

For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Secondary Packaging Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on type, Type (Paper and Plastic), Application (Food, Beverages, Pharmaceuticals, Personal and home care, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The paper segment had the major market share of USD 187.09 billion in 2017 and continued to grow until 2021. With the growing concerns on climatic changes and negative environmental impact due to plastic materials, many businesses and consumers are moving into more sustainable packaging solutions such as paper. Paper-based packaging materials are primarily sourced from renewable sources, such as trees and are readily recycled

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Secondary Packaging Market – Market Dynamics

Key factor driving market growth

The increasing demand for processed and packaged foods is the key factor driving the growth of the global secondary packaging market: Consumers are shifting towards processed and prepared foods which is driving the secondary packaging market. Furthermore, new packaging materials and packaging design innovations have increased the use of innovative secondary packaging solutions to ensure product safety and extended shelf life. Companies such as Nestlé, Kraft Foods, and General Mills have focused on providing reliable secondary packaging solutions to ensure product protection during transportation and storage. 

Leading trends influencing the market 

Growing demand for lightweight materials is the primary trend shaping the secondary packaging market: Manufacturers in this market are switching towards plastic, paper, and cardboard containers to reduce packaging weight. Manufacturers are providing high-performance, lightweight paper, and paperboard containers that are cost-effective and environmentally friendly. 

For example, International Paper Co. offers Alaska Plus which is a lightweight GC2 board for pharmaceutical and healthcare, cosmetics and beauty, chocolate, and confectionery, and dry food packaging. Similarly, Mondi plc had introduced ProVantage, a high-fiber corrugated board made from recycled fibers that offer lightweight and high packing strength. 

Major challenges hindering the market growth

The rising cost of raw materials is a major challenge impeding the growth of the secondary packaging market: The cost of major raw material, paper pulp has increased due to the widening gap between supply and demand. Furthermore, paper pulp comes from wood whose price has increased by more than 10% since 2014. Another raw material used in the manufacturing of secondary packaging is plastic. The rise in resin prices since 2021, has increased the manufacturing costs of plastic-based secondary packaging solutions. Such factors are expected to hinder the market growth, during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period (2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global secondary packaging market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global secondary packaging market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Paper - Market size and forecast 2022-2027
• Exhibit 34: Chart on Paper - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Paper - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Paper - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Paper - Year-over-year growth 2022-2027 (%)

• 6.4 Plastic - Market size and forecast 2022-2027
• Exhibit 38: Chart on Plastic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Plastic - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Plastic - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Plastic - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)
• Exhibit 43: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 44: Chart on Application - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 46: Chart on Comparison by Application
• Exhibit 47: Data Table on Comparison by Application

• 7.3 Food - Market size and forecast 2022-2027
• Exhibit 48: Chart on Food - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Food - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Food - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Food - Year-over-year growth 2022-2027 (%)

• 7.4 Beverages - Market size and forecast 2022-2027
• Exhibit 52: Chart on Beverages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Beverages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Beverages - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Beverages - Year-over-year growth 2022-2027 (%)

• 7.5 Pharmaceuticals - Market size and forecast 2022-2027
• Exhibit 56: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)

• 7.6 Personal and home care - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Personal and home care - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Personal and home care - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Personal and home care - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Personal and home care - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027
• Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 68: Market opportunity by Application ($ billion)
• Exhibit 69: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 107: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 Amcor Plc 
• Exhibit 123: Amcor Plc - Overview
• Exhibit 124: Amcor Plc - Business segments
• Exhibit 125: Amcor Plc - Key news
• Exhibit 126: Amcor Plc - Key offerings
• Exhibit 127: Amcor Plc - Segment focus

• 12.4 Ball Corp. 
• Exhibit 128: Ball Corp. - Overview
• Exhibit 129: Ball Corp. - Business segments
• Exhibit 130: Ball Corp. - Key offerings
• Exhibit 131: Ball Corp. - Segment focus

• 12.5 Berry Global Inc. 
• Exhibit 132: Berry Global Inc. - Overview
• Exhibit 133: Berry Global Inc. - Business segments
• Exhibit 134: Berry Global Inc. - Key news
• Exhibit 135: Berry Global Inc. - Key offerings
• Exhibit 136: Berry Global Inc. - Segment focus

• 12.6 Crown Holdings Inc. 
• Exhibit 137: Crown Holdings Inc. - Overview
• Exhibit 138: Crown Holdings Inc. - Business segments
• Exhibit 139: Crown Holdings Inc. - Key news
• Exhibit 140: Crown Holdings Inc. - Key offerings
• Exhibit 141: Crown Holdings Inc. - Segment focus

• 12.7 DS Smith Plc 
• Exhibit 142: DS Smith Plc - Overview
• Exhibit 143: DS Smith Plc - Business segments
• Exhibit 144: DS Smith Plc - Key news
• Exhibit 145: DS Smith Plc - Key offerings
• Exhibit 146: DS Smith Plc - Segment focus

• 12.8 Graphic Packaging Holding Co. 
• Exhibit 147: Graphic Packaging Holding Co. - Overview
• Exhibit 148: Graphic Packaging Holding Co. - Business segments
• Exhibit 149: Graphic Packaging Holding Co. - Key news
• Exhibit 150: Graphic Packaging Holding Co. - Key offerings
• Exhibit 151: Graphic Packaging Holding Co. - Segment focus

• 12.9 International Paper Co. 
• Exhibit 152: International Paper Co. - Overview
• Exhibit 153: International Paper Co. - Business segments
• Exhibit 154: International Paper Co. - Key offerings
• Exhibit 155: International Paper Co. - Segment focus

• 12.10 Mondi plc 
• Exhibit 156: Mondi plc - Overview
• Exhibit 157: Mondi plc - Business segments
• Exhibit 158: Mondi plc - Key news
• Exhibit 159: Mondi plc - Key offerings
• Exhibit 160: Mondi plc - Segment focus

• 12.11 Packaging Corp. of America 
• Exhibit 161: Packaging Corp. of America - Overview
• Exhibit 162: Packaging Corp. of America - Business segments
• Exhibit 163: Packaging Corp. of America - Key news
• Exhibit 164: Packaging Corp. of America - Key offerings
• Exhibit 165: Packaging Corp. of America - Segment focus

• 12.12 Salzgitter AG 
• Exhibit 166: Salzgitter AG - Overview
• Exhibit 167: Salzgitter AG - Business segments
• Exhibit 168: Salzgitter AG - Key offerings
• Exhibit 169: Salzgitter AG - Segment focus

• 12.13 Sealed Air Corp. 
• Exhibit 170: Sealed Air Corp. - Overview
• Exhibit 171: Sealed Air Corp. - Business segments
• Exhibit 172: Sealed Air Corp. - Key news
• Exhibit 173: Sealed Air Corp. - Key offerings
• Exhibit 174: Sealed Air Corp. - Segment focus

• 12.14 Smurfit Kappa Group 
• Exhibit 175: Smurfit Kappa Group - Overview
• Exhibit 176: Smurfit Kappa Group - Business segments
• Exhibit 177: Smurfit Kappa Group - Key news
• Exhibit 178: Smurfit Kappa Group - Key offerings
• Exhibit 179: Smurfit Kappa Group - Segment focus

• 12.15 Sonoco Products Co. 
• Exhibit 180: Sonoco Products Co. - Overview
• Exhibit 181: Sonoco Products Co. - Business segments
• Exhibit 182: Sonoco Products Co. - Key offerings
• Exhibit 183: Sonoco Products Co. - Segment focus

• 12.16 Stora Enso Oyj 
• Exhibit 184: Stora Enso Oyj - Overview
• Exhibit 185: Stora Enso Oyj - Business segments
• Exhibit 186: Stora Enso Oyj - Key news
• Exhibit 187: Stora Enso Oyj - Key offerings
• Exhibit 188: Stora Enso Oyj - Segment focus

• 12.17 WestRock Co. 
• Exhibit 189: WestRock Co. - Overview
• Exhibit 190: WestRock Co. - Business segments
• Exhibit 191: WestRock Co. - Key news
• Exhibit 192: WestRock Co. - Key offerings
• Exhibit 193: WestRock Co. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 194: Inclusions checklist
• Exhibit 195: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 196: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 197: Research methodology
• Exhibit 198: Validation techniques employed for market sizing
• Exhibit 199: Information sources

• 13.5 List of abbreviations 
• Exhibit 200: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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