Secondary Packaging Market Size (2024 - 2029)

Secondary Packaging Market Analysis

The Secondary Packaging Market size is estimated at USD 265.92 billion in 2024, and is expected to reach USD 325.27 billion by 2029, growing at a CAGR of 4.14% during the forecast period (2024-2029).

• Secondary packaging plays a pivotal role in product protection by holding them together and optimizing the product for transportation. Cartons, trays, and film bundles are a few examples of secondary packaging available in several shapes and sizes. Secondary packaging is also important for brand marketing and product display.
• The increasing deployment of secondary packaging for multiple end-user industries, including food and beverage, pharmaceuticals, cosmetics, personal care, and household care, is boosting market growth.
• Companies providing secondary packaging aim for circularity and sustainability as a growth strategy to increase the availability of recycled solutions for secondary packaging applications. In June 2023, LyondellBasell and AFA Nord entered a partnership to recycle post-commercial flexible secondary packaging waste. In the joint venture, LMF Nord GmbH planned to build a recycling plant to turn LDPE waste into quality recycled plastic material that can be used in packaging.
• Secondary packaging in healthcare is used to provide an additional level of protection and organization for primary packaging, including bottles, vials, and blisters. Secondary packaging can also provide important information about the product, such as dosage instructions, expiration dates, and regulatory information, and help prevent counterfeiting and tampering, thus boosting product demand.
• Various manufacturers of secondary packaging are subject to stringent regulations, which can make it challenging for them to innovate new products. Also, evolving consumer preferences for secondary packaging can make it difficult for manufacturers to compete in the market.

Secondary Packaging Industry Segmentation

Secondary packaging refers to the packaging that is used to group and protect the individual units of a product that are already contained within the primary packaging. It is typically designed to provide additional protection during transportation and storage, as well as to facilitate distribution and handling of the product.

The secondary packaging market is segmented by product type (folding cartons, corrugated boxes, plastic crates, wraps and films, and other product types), end-user industry (food, beverage, healthcare, consumer electronics, personal care and household care, and other end-user industries), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The market size and forecasts are provided in terms of value (USD) for all the segments.