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.
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