The global shrink packaging market size is worth around USD 11.73 billion in 2024 and is predicted to hit around USD 21.55 billion by 2034, growing at a CAGR of 6.27% from 2024 to 2034. Rapid industrialization and urbanization in developing countries are the key factors driving the shrink packaging market growth. Also, rising disposable income coupled with changing lifestyle preferences can fuel market growth further.
The global stick packaging market size is worth around USD 486.34 million in 2024 and is expected to hit around USD 826.03 million by 2034, growing at a CAGR of 5.44% from 2024 to 2034. The market growth is attributed to the increasing consumer demand for convenient, sustainable, and single-serve packaging solutions.
The global tinplate packaging market size is worth around USD 1.73 billion in 2024 and is projected to hit around USD 3.08 billion by 2034, growing at a CAGR of 5.97% from 2024 to 2034. The Tinplate Packaging Market is expected growth due to increasing consumer concerns, Environmental sustainability, and recyclability attributes, raising the prominence of food and beverage packaging.
The global liquid packaging carton market size is calculated at USD 28.24 billion in 2024 and is anticipated to reach around USD 49.17 billion by 2034, growing at a CAGR of 5.70% between 2024 and 2034. The market is attributed to the rising inclination of the population towards packaged food and beverages. The shift of customers towards ready-to-carry food also contributed to propelling the liquid packaging carton market growth.
The global plantable packaging market size is calculated at USD 147.12 million in 2024 and is projected to surpass around USD 461.45 million by 2034, expanding at a CAGR of 12.11% from 2024 to 2034. The demand for the plantable packaging market is growing due to the rising awareness regarding the environmental benefits of sustainable packaging. Consumers prefer green products that contribute towards market growth.
The global pallet racking market size is calculated at USD 11.23 billion in 2024 and is projected to hit around USD 27.34 billion by 2034, representing a solid CAGR of 9.31% from 2024 to 2034. Growing demand for pallet-racking systems is the primary factor fueling the market growth. Also, the rise in contract logistics and distribution services, along with the cost-effective movement of goods, can propel market growth shortly.
The global food cans market size is worth around USD 18.83 billion in 2024 and is anticipated to reach around USD 25.04 billion by 2034, growing at a CAGR of 2.89% over the forecast period 2024 to 2034. North America food cans market Size to reached USD 5.86 Billion in 2023. The rising demand for packaged foods and changing consumer needs drive the market.
The global high impact corrugated boxes market size is worth around USD 73.2 billion in 2024 and is anticipated to reach around USD 98.56 billion by 2034, growing at a CAGR of 3.02% over the forecast period 2024 to 2034. The high impact corrugated boxes market is proliferating due to the increasing business of food and beverages, cosmetics, and several e-commerce companies that require high-impact corrugated boxes for packaging.
The global corrugated fiberboard market size is worth around USD 199.30 billion in 2024 and is anticipated to reach around USD 354.56 billion by 2034, growing at a solid CAGR of 5.93% over the forecast period 2024 to 2034. The market is proliferating due to the increasing retail display and packaging business, food and beverages, electronics, and several e-commerce companies that require corrugated fiberboard for packaging. The growing trend of online ordering systems is boosting the corrugated fiberboard market.
The global on the go packaging market size is worth around USD 2.16 billion in 2024 and is anticipated to reach around USD 3.47 billion by 2034, growing at a solid CAGR of 4.82% over the forecast period 2024 to 2034. North America on the go packaging market size reached USD 800 million in 2023. Rising rate of urbanization and busy lifestyle demands for instant solutions with sustainable packaging options for diverse industries, majorly for food and beverage industry are the driving factors of the on the go packaging market.
The global sustainable pharmaceutical packaging market size is expected to be worth USD 99.70 billion in 2024 and is anticipated to reach around USD 376.82 billion by 2034, growing at a solid CAGR of 14.22% over the forecast period 2024 to 2034. Increasing awareness of environmental issues and regulatory pressures is the key factor driving the sustainable pharmaceutical packaging market growth.
The global plastic alternative packaging market size is projected to be worth around USD 28.89 billion by 2034 from USD 6.11 billion in 2024, at a CAGR of 16.81% from 2024 to 2034. The North America plastic alternative packaging market size reached USD 1.94 billion in 2023. The need for the plastic alternative packaging market is driven by rising environmental consciousness and regulatory demands surrounding plastic waste and its effects on the environment.
The global cosmetic tubes market size is projected to be worth around USD 4.62 billion by 2034 from USD 2.91 billion in 2024, at a CAGR of 4.73% from 2024 to 2034. The cosmetic tubes market is driven by the growing number of individuals with busy lifestyles who seek convenient and portable beauty products.
The global PET packaging market size is projected to reach around USD 76.18 billion by 2034 from USD 43.47 billion in 2024, at a CAGR of 5.77% between 2024 and 2034. The PET packaging market is driven by the consumers' preference for portable and lightweight packing formats is growing.
The global rigid bulk packaging market size was USD 8.89 billion in 2023, calculated at USD 9.31 billion in 2024 and is expected to reach around USD 9.31 billion by 2034, expanding at a CAGR of 4.63% from 2024 to 2034. Increasing emphasis towards the protection of shipping goods is driving the rigid bulk packaging market growth.
The global packaging machinery market size was USD 47.87 billion in 2023, calculated at USD 50.08 billion in 2024 and is expected to reach around USD 78.75 billion by 2034, expanding at a CAGR of 4.63% from 2024 to 2034. The rise in e-commerce is contributing towards the market growth.
The global recycled paper bags market size was USD 2.94 billion in 2023, calculated at USD 3.11 billion in 2024 and is expected to reach around USD 5.40 billion by 2034, expanding at a CAGR of 5.68% from 2024 to 2034. The rising demand for cost-efficient and sustainable packaging material drives the growth of the recycled paper bags market.
The global plant-based packaging market size was USD 123.90 million in 2023, calculated at USD 135.94 million in 2024 and is expected to reach around USD 343.70 million by 2034 with a CAGR of 9.71% over the forecast period 2024 to 2034.
The global food service packaging market size was USD 131.51 billion in 2023, calculated at USD 138.01 billion in 2024 and is expected to reach around USD 223.52 billion by 2034, expanding at a CAGR of 4.94% from 2024 to 2034. The rising demand for sustainable food products across the world is driving the growth of the food service packaging market.
The global eco-friendly food packaging market size was USD 225.10 billion in 2023, calculated at USD 242.28 billion in 2024 and is expected to reach around USD 505.41 billion by 2034, expanding at a CAGR of 7.63% from 2024 to 2034. Increasing consumer awareness of eco-friendly solutions across every industry impacted the food packaging market and shifted towards sustainable and biodegradable packaging usage and stringent government regulations for reducing GHG production, propelling the eco-friendly food packaging market.
The global advanced semiconductor packaging market size was USD 35.60 billion in 2023, calculated at USD 38.46 billion in 2024 and is expected to reach around USD 83.35 billion by 2034, expanding at a CAGR of 8.04% from 2024 to 2034. The advanced semiconductor packaging market is driven by the need for a reduction in size.
The global disposable cups market size was USD 15.41 billion in 2023, calculated at USD 16.53 billion in 2024 and is expected to reach around USD 33.25 billion by 2034, expanding at a CAGR of 7.24% from 2024 to 2034. Increasing demand for disposable cups in the beverage industry is expected to drive the market growth.
The global decor paper market size was USD 4.20 billion in 2023, calculated at USD 4.42 billion in 2024 and is expected to reach around USD 6.89 billion by 2033, expanding at a CAGR of 5.07% from 2024 to 2033. The rise in construction activities and the driving culture of aesthetic look to the houses or commercial buildings that drive the growth of the market.
The global parenteral packaging market size was USD 31.98 billion in 2023, calculated at USD 33.93 billion in 2024 and is expected to reach around USD 57.71 billion by 2033, expanding at a CAGR of 6.08% from 2024 to 2033. The rising demand for pharmaceutical products across the world is driving the growth of the parenteral packaging market.
The global paper straw market size was USD 2.18 billion in 2023, calculated at USD 2.63 billion in 2024 and is expected to reach around USD 14.45 billion by 2033. The market is expanding at a solid CAGR of 20.82% over the forecast period 2024 to 2033. The increasing emphasis towards sustainable packaging is driving market growth.
The global insulated packaging market size was USD 16.59 billion in 2023, calculated at USD 17.52 billion in 2024 and is expected to reach around USD 28.66 billion by 2033, expanding at a CAGR of 5.62% from 2024 to 2033.The rising adoption of insulated packaging can boost the insulated packaging market.
The global returnable packaging market size was USD 116.02 billion in 2023, calculated at USD 123.03 billion in 2024 and is expected to reach around USD 208.56 billion by 2033, expanding at a CAGR of 6.04% from 2024 to 2033. Raising awareness of the need to decrease waste and environmental concerns boosts the returnable packaging market.
The global industrial bulk packaging market size was USD 26.59 billion in 2023, calculated at USD 27.61 billion in 2024 and is expected to reach around USD 38.83 billion by 2033, expanding at a CAGR of 3.86% from 2024 to 2033. Increasing adoption of the inorganic growth strategies like acquisition by the key market players for designing bulk packaging is estimated to drive the growth of the industrial bulk packaging market over the forecast.
The global bubble wrap packaging market size was USD 3.12 billion in 2023, calculated at USD 3.22 billion in 2024, and is expected to reach around USD 4.32 billion by 2033, expanding at a CAGR of 3.31% from 2024 to 2033. The bubble wrap packaging market is expanding because corporations are seeking safe, and environmentally responsible ways to protect their goods while they are being transported and improve consumer happiness.
The global gift packaging market size was USD 25.48 billion in 2023, calculated at USD 26.58 billion in 2024 and is expected to reach around USD 38.93 billion by 2033, expanding at a CAGR of 4.33% from 2024 to 2033. The increasing popularity of corrugated gift boxes, due to their diverse beneficial properties like resistance, reusability, aesthetic appeal, and much more, is predicted to stimulate the gift packaging market.
The North America liquid packaging market size was USD 124.27 billion in 2023, accounted for USD 130.36 billion in 2024, and is expected to reach around USD 198.62 billion by 2033, expanding at a CAGR of 4.80% from 2024 to 2033. The rising demand for efficient packaging solutions from the food and beverages industry is driving the growth of the market.
The North America corrugated packaging market size was USD 97.53 billion in 2023, calculated at USD 104.98 billion in 2024 and is expected to reach around USD 233.25 billion by 2033. The market is expanding at a CAGR of 9.11% over the forecast period 2024 to 2033. The North America corrugated packaging market is driven by the increasing acceptance of online shopping.
The Europe end-of-line packaging market size was valued at USD 2,378.42 million in 2023 and is anticipated to reach around USD 3,795.06 million by 2033, growing at a CAGR of 4.73% from 2024 to 2033. The Europe end-of-line packaging market is driven by the growing need for automation.
The global corrugated boxes market size accounted for USD 70.43 billion in 2023 and is predicted to reach around USD 94.98 billion by 2034, growing at a CAGR of 3% from 2024 to 2034. The boost of the consumables industry, health care, and personal care products are driving market growth.
The global foam plastics market size was valued at USD 55.72 billion in 2023 and is anticipated to reach around USD 96.27 billion by 2033, growing at a CAGR of 5.62% from 2024 to 2033. The expanding end-use industries and increasing demand for polyurethane foam in building insulation are the key drivers enhancing the market growth.
The global honeycomb paper market size was valued at USD 7.73 billion in 2023 and is anticipated to reach around USD 13.09 billion by 2033, growing at a CAGR of 5.41% from 2024 to 2033. Manufacturers are looking for alternatives to reduce packaging cost, this factor is observed to expand the growth of the honeycomb paper market.
The global aerosol cans market size was valued at USD 10.58 billion in 2023 and is anticipated to reach around USD 18.54 billion by 2033, growing at a CAGR of 5.77% from 2024 to 2033. The rise in consumers’ preference for styling and personal care products with appealing packaging options, such as sprays, dry shampoos, and showers, is expected to spur the sales of aerosol cans in the coming years.
The global stretch sleeve & shrink sleeve labels market size was USD 16 billion in 2023, accounted for USD 17.17 billion in 2024, and is expected to reach around USD 34.73 billion by 2034, expanding at a CAGR of 7.3% from 2024 to 2034. The North America stretch sleeve & shrink sleeve labels market size reached USD 4.80 billion in 2023. Shrink sleeves provide tamper-evident seals, guaranteeing the product's integrity and safety. Because of this feature, customers are more confident in the product's quality and safety and adapting the stretch sleeve & shrink sleeve labels market.
The global nutraceutical packaging market size was USD 3.66 billion in 2023, calculated at USD 3.84 billion in 2024 and is expected to reach around USD 6.13 billion by 2034, expanding at a CAGR of 4.8% from 2024 to 2034. The nutraceutical packaging market size reached USD 1.94 billion in 2023.
The global baby care packaging market size was estimated at USD 3.01 billion in 2023 and is projected to hit around USD 5.19 billion by 2033 with a CAGR of 5.59% from 2024 to 2033.
The global pharmaceutical unit-dose packaging market size was valued at USD 35.40 billion in 2023 and is estimated to hit around USD 141.36 billion by 2033 with a CAGR of 14.85% from 2024 to 2033. The rise in the global population and the surge in chronic diseases are driving the growth of the market.
The global halal packaging market size was estimated at USD 269.20 billion in 2023 and is expected to hit around USD 541.56 billion by 2033 with a CAGR of 7.24% from 2024 to 2033.
The packaging testing market size surpassed USD 12.2 billion in 2023 and is projected to hit USD 30.65 billion by 2033, growing at a CAGR of 9.70% from 2024 to 2033.
The global containerboard market size was valued at USD 126.6 billion in 2023 and is projected to hit around USD 158.14 billion by 2033, expanding at a CAGR of 2.30% from 2024 to 2033.
The global pet food packaging market size is expected to be valued at USD 12.97 billion in 2024 and is anticipated to reach around USD 21.74 billion by 2034, expanding at a CAGR of 5.3% over the forecast period from 2024 to 2034.
The global skin packaging market size was USD 11.58 billion in 2023, calculated at USD 11.99 billion in 2024 and is expected to reach around USD 17.64 billion by 2034, expanding at a CAGR of 4% from 2024 to 2034.
The global probiotics packaging market size was estimated at USD 5.1 billion in 2022 and is projected to hit around USD 10.17 billion by 2032, registering a CAGR of 7.2% during the forecast period from 2023 to 2032.
The global plastic corrugated packaging market size was estimated at USD 16.85 billion in 2023 and is projected to reach around USD 37.81 billion by 2033, poised to grow at a CAGR of 8.46% during the forecast period from 2024 to 2033.
The global PCR plastic packaging market size was estimated at USD 17.61 billion in 2023 and is projected to hit around USD 47.48 billion by 2033, registering a CAGR of 10.49% during the forecast period from 2024 to 2033.
The global paper and paperboard packaging market size accounted for USD 439.62 billion in 2024 and is anticipated to reach around USD 736.29 billion by 2034, growing at a CAGR of 4.80% between 2024 and 2034.
