Global Industrial Plastic Packaging Market Size & Outlook
Global industrial plastic packaging market, 2018-2030 (US$M)
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Global industrial plastic packaging market highlights
- The global industrial plastic packaging market generated a revenue of USD 47,243.2 million in 2023 and is expected to reach USD 58,129.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3% by 2030.
- In terms of segment, jerry cans accounted for a revenue of USD 9,388.2 million in 2023.
- Bags & Sacks is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 47,243.2 million |
| Market revenue in 2030 | USD 58,129.5 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Jerry cans |
| Fastest growing segment | Bags & Sacks |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bottles & Jars, Jerry Cans, Wheelie Bins, Drums & Barrels, Crates, Pallets, Caps & Closures, Stretch Films, Shrink Films, Sleeves & Labels, Bags & Sacks |
Other key industry trends
- In terms of revenue, the North America accounted for 29.4% of the global industrial plastic packaging market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 167.4 million by 2030.
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Industrial Plastic Packaging Market Scope
Industrial Plastic Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global industrial plastic packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial plastic packaging market will help companies and investors design strategic landscapes.
Jerry cans was the largest segment with a revenue share of 19.87% in 2023. Horizon Databook has segmented the Global industrial plastic packaging market based on bottles & jars, jerry cans, wheelie bins, drums & barrels, crates, pallets, caps & closures, stretch films, shrink films, sleeves & labels, bags & sacks covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Plastic Packaging Product Outlook (Revenue, USD Million, 2018-2030)
- Bottles & Jars
- Cups
- Trays
- Pouches
- Labels/Wraps
- Jerry Cans
- Plates & Bowls
- Containers
- Drums/Cans
- Wheelie Bins
- Drums & Barrels
- Crates
- Pallets
- Caps & Closures
- Stretch Films
- Shrink Films
- Sleeves & Labels
- Bags & Sacks
- Parenteral Containers
- Blister Packs
- Syringes
- Cartridges
- Prefillable Inhalers
- Tubes
- Labels/Accessories
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Our clientele includes a mix of industrial plastic packaging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial plastic packaging market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial plastic packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global industrial plastic packaging market size, by region, 2018-2030 (US$M)
Top 10 countries: Industrial plastic packaging market size, 2023 (US$M)
Global industrial plastic packaging market share, by product, 2023 & 2030 (%, US$M)
Industrial plastic packaging market: Opportunity assessment by country
Global industrial plastic packaging market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 2,330.6 | 2,389.9 | 2,401.6 | 2,475.0 | 2,545.6 | 2,620.8 | 2,700.6 | 2,777.5 | 2,851.0 | 2,920.7 | 2,986.3 | 3,047.4 | 3,103.5 | 2.2% |
| Europe | 8,587.3 | 8,833.7 | 8,904.5 | 9,205.3 | 9,497.8 | 9,808.8 | 10,139.4 | 10,460.7 | 10,771.2 | 11,069.2 | 11,353.2 | 11,621.6 | 11,873.0 | 2.5% |
| North America | 12,016.6 | 12,387.0 | 12,512.1 | 12,961.7 | 13,401.2 | 13,868.6 | 14,365.7 | 14,851.7 | 15,324.1 | 15,780.8 | 16,219.1 | 16,636.9 | 17,032.0 | 2.7% |
| MEA | 1,752.5 | 1,789.8 | 1,790.8 | 1,837.0 | 1,880.3 | 1,925.9 | 1,973.8 | 2,018.3 | 2,059.3 | 2,096.3 | 2,129.1 | 2,157.4 | 2,181.0 | 1.6% |
| Asia Pacific | 16,191.9 | 16,749.8 | 16,978.7 | 17,650.7 | 18,313.6 | 19,019.2 | 19,770.4 | 20,511.2 | 21,238.3 | 21,948.2 | 22,637.5 | 23,302.5 | 23,939.9 | 3.1% |
| Overall | 40,878.9 | 42,150.2 | 42,587.6 | 44,129.7 | 45,638.6 | 47,243.2 | 48,949.9 | 50,619.5 | 52,244.0 | 53,815.2 | 55,325.2 | 56,765.9 | 58,129.5 | 3.0% |
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