How large is the packaging market?
The packaging market in the United States was estimated to be worth approximately $166 billion, according to market research firm Statista. The market includes various types of packaging materials such as plastic, paper, metal, and glass, and encompasses a wide range of industries including food and beverage, healthcare, personal care, and consumer goods. It is expected to continue growing in the coming years, driven by factors such as e-commerce, sustainability concerns, and advances in technology.
The global packaging market was valued at approximately $900 billion, according to market research firm Mordor Intelligence. The market includes various types of packaging materials such as plastic, paper, metal, and glass, and encompasses a wide range of industries including food and beverage, healthcare, personal care, and consumer goods. The market is expected to continue growing in the coming years, driven by factors such as population growth, urbanization, increasing demand for convenience products, and rising e-commerce activity.