COVID-19 Impact On Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Packaging Report Format : PDF Report Code: ZMR-6250 Status : Upcoming

Description

Global Packaging Market: Overview

Packaging is a huge market that has been shaping the global economy for centuries. The outbreak of the Covid-19 pandemic has significantly affected the packaging industry in a positive manner. Packaging is widely utilized in various sectors like transport, automobiles, food & beverages, E-commerce, and many others. People are adopting strict packaging techniques and materials in order to prevent the spread of the virus through packaged goods.

Global Packaging Market: Growth Factors

One of the major factors driving the growth of the global packaging market is the increasing demand for pharmaceutical and FMCG goods due to the Covid-19 outbreak all across the globe. The growing concern regarding the damages caused by plastic waste was restraining plastic packaging for many years. But the battle for reducing plastic waste has come to halt due to the emergence of coronavirus. The various steps taken all across the globe to contain the spread of the coronavirus have significantly boosted the growth of the global packaging market. The lockdowns to contain the Covid-19 virus all across the globe have drastically impacted the packaging sector and boosted its demand in the global packaging market. Also, the emergence of the pandemic has created money lucrative opportunities in the packaging sector owing to its higher storage shelf life and complete protection from the Covid-19 virus. The huge demand from the healthcare sector especially for surgical equipment like surgical masks, surgical gloves, protection shields, PPE kits, and many others will significantly propel the growth of the global packaging market during the forecast period. Nowadays, people are ordering vegetables and fruits along with other FMCG goods from e-commerce platforms, which in turn have significantly boosted the demand for food and good packaging materials. Moreover, the significant spike in the consumption of disinfectants, sanitizers, and other sanitizing products will also bolster the growth of the market globally during the forecast period. Also, the diagnostic centers, pathological labs, and healthcare clinics are adopting plastic packaging materials to dispose of the surgical materials like PPE kits, surgical gloves, surgical masks, protection shields, and many others. A large number of people are into self-isolation and thus e-commerce platforms emerged as the most preferable sales channel for buying essential commodities. Thus such emerging scenarios are propelling the demand for packaging materials in the market globally.

Global Packaging Market: Segmentation

The global packaging market can be segmented into application, material type, and region.

By application, the market can be segmented into electrical & electronics, beauty & personal care, household hygiene, food & beverages, health care, and others. The healthcare segment holds the largest share in the global packaging market due to the high utilization of healthcare products like cartridges, vials, sequences, PPE kits, surgical masks, surgical gloves, and many others in the treatment of Covid-19 patients.

By material type, the market can be segmented into metal, glass paper, paperboard, plastics, and others. The plastic packaging segment accounts for the largest share in the global packaging market due to growing incidences of Covid-19 cases all across the globe. In order to prevent the spread of the virus, people are preferring to adopt plastic packaging to serve the consumers safely.

Global Packaging Market: Regional analysis

North America accounts for the largest share in the global packaging market due to the high incidences of Covid-19 cases in the region. Also, the growing protocols and guidelines from the government are also propelling the growth of the regional market.

Asia Pacific is anticipated to witness huge growth during the forecast period due to the lockdowns in many of the countries in the region.

Global Packaging Market: Competitive Players

Some of the significant players in the global packaging market are Gaplast Gmbh, Frank Noe Egypt Ltd, CCL Industries Inc., Constantia Flexibles, ALPLA-Werke Alwin Lehner GmbH & Co KG, Lonza Group AG, SABIC, Carcano Antonio S.p.A., NIPRO, Berry Global, Inc, AptarGroup, Inc., WestRock, West Pharmaceutical Services, Inc., Becton Dickinson & Company, SCHOTT AG, Pharma Packaging Solutions, Nelipak Healthcare, Origin Pharma Packaging, Gerresheimer AG, and Amcor Plc.

Global Packaging Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

One of the major factors driving the growth of the global packaging market is the increasing demand for pharmaceutical and FMCG goods due to the Covid-19 outbreak all across the globe. The growing concern regarding the damages caused by plastic waste was restraining plastic packaging for many years. But the battle for reducing plastic waste has come to halt due to the emergence of coronavirus.

Some of the significant players in the global packaging market are Gaplast Gmbh, Frank Noe Egypt Ltd, CCL Industries Inc., Constantia Flexibles, ALPLA-Werke Alwin Lehner GmbH & Co KG, Lonza Group AG, SABIC, Carcano Antonio S.p.A., NIPRO, Berry Global, Inc, and AptarGroup, Inc.

 

North America accounts for the largest share in the global packaging market due to the high incidences of covid-19 cases in the region. Also, the growing protocols and guidelines from the government are also propelling the growth of the regional market.

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