The Future of Packaging: Long-term Strategic Forecasts to 2030

Global packaging grew from $843.8 billion to $914.7 billion during 2015–19 with a compound annual growth rate of 2.0%. Due to the Covid-19 outbreak in 2020 it is expected that global packaging will experience a drop of approximately 6% in 2019–2020 to $859.9 billion.

• The trends and technology that will influence the packaging market over the next 10 years
• The long-term influence of Covid-19 on the packaging industry and forecasts for the severity of the impact
• The impact of sustainability upon the packaging industry. 

Global packaging grew from $843.8 billion to $914.7 billion during 2015–19 with a compound annual growth rate of 2.0%. Due to the Covid-19 outbreak in 2020 it is expected that global packaging will experience a drop of approximately 6% in 2019–2020 to $859.9 billion. The market in 2020–30 is expected to recover, reaching $1.13 trillion in 2030.

The report investigates a number of factors that are expected to influence the packaging market over the next decade including economic and demographic changes, sustainability and regulatory factors, technology advances, brand and retailer changes, end-use trends, packaging substrate trends and regional trends. Some of the trends within these areas that will be examined are aging population, the war on single-use plastics, smart packaging and e-commerce.  
 
What will you discover?

• Comprehensive assessment of the key technology developments, substrate trends, brand and retailer factors driving packaging design and end use
• The effect of economic and demographic changes on the packaging market over the next decade
• How sustainability and regulatory factors, such as the EU Plastics Strategy, are changing the long-term outlook for the packaging industry.   

The Smithers methodology
This report is based on extensive primary and secondary research. Primary research consisted of interviews with packaging material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
 
Who should buy the report?

• Packaging manufacturers and converters
• Brands and retailers
• Raw material suppliers.