The global circular packaging market size was calculated at USD 244.77 billion in 2024 and is predicted to increase from USD 260.31 billion in 2025 to approximately USD 453.04 billion by 2034, expanding at a CAGR of 6.35% from 2025 to 2034. The market is growing due to growing regulatory support for circular economy initiatives.
The North America packaging market size accounted for USD 319.13 billion in 2024 and is predicted to increase from USD 332.57 billion in 2025 to approximately USD 482.02 billion by 2034, expanding at a CAGR of 4.21% from 2025 to 2034.
The North America co-packaged optics market size was calculated at USD 26.27 million in 2024 and is predicted to increase from USD 34.21 million in 2025 to approximately USD 385.12 million by 2034, expanding at a CAGR of 30.80% from 2025 to 2034.
The clinical trial labels market continues to grow with digital transformation in clinical research. Advanced labeling supports real-time tracking, data integration, and patient-centric approaches. The market is currently experiencing significant growth, driven by an increase in clinical trials and stringent regulatory requirements for drug packaging. Additionally, the rise in personalized medicine and the demand for multilingual variable data labeling solutions are contributing to this growth. Furthermore, advancements in digital printing and smart labeling technologies are expected to further enhance market expansion.
The global co-packaged optics (CPO) market size accounted for USD 72.97 million in 2024 and is predicted to increase from USD 95.04 million in 2025 to approximately USD 1,055.11 million by 2034, expanding at a CAGR of 30.66% from 2025 to 2034.
The Asia Pacific battery packaging market size accounted for USD 14.08 billion in 2024 and is predicted to increase from USD 15.78 billion in 2025 to approximately USD 44.64 billion by 2034, expanding at a CAGR of 12.23% from 2025 to 2034. The technological advancements, streamlined warehousing, improved inventory levels, and facilitation of real-time quality control are driving the growth of the market.
The global luxury boxes market size accounted for USD 6.74 billion in 2024 and is predicted to increase from USD 6.94 billion in 2025 to approximately USD 9.01 billion by 2034, expanding at a CAGR of 2.94% from 2025 to 2034, growing due to the increasing demand for premium packaging, personalized experiences, and sustainable solutions. Also, the rising consumer preference for eco-friendly and visually striking packaging is driving further expansion in the industry.
The global converted flexible packaging market size accounted for USD 270.36 billion in 2024 and is predicted to increase from USD 279.28 billion in 2025 to approximately USD 374.06 billion by 2034, expanding at a CAGR of 3.30% from 2025 to 2034 The growth of the converted flexible packaging market is driven by the growing consumer desire for convenient and portable packaging options. Moreover, rising sustainability concerns are expected to boost the growth of the market during the period studied.
The global PVC cling films market size accounted for USD 2.11 billion in 2024 and is predicted to increase from USD 2.17 billion in 2025 to approximately USD 2.76 billion by 2034, expanding at a CAGR of 2.71% from 2025 to 2034. The global market growth is attributed to the growing awareness among people associated with environmental impact and rising globalization, modernization, and urbanization.
The global thermoformed shallow trays market size was estimated at USD 3.30 billion in 2024 and is predicted to increase from USD 3.41 billion in 2025 to approximately USD 4.53 billion by 2034, expanding at a CAGR of 3.20% from 2025 to 2034. The market is driven by growing business needs for budget-friendly, lightweight packaging solutions that serve industries like food, retail, and electronics.
The global food beverage metal cans market size was estimated at USD 50.50 billion in 2024 and is predicted to increase from USD 54.06 billion in 2025 to approximately USD 99.71 billion by 2034, expanding at a CAGR of 7.04% from 2025 to 2034. The market is increasing rapidly because consumers choose sustainable, durable, efficient packaging, which increases shelf life and maintains product freshness.
The global single coated adhesive tapes market size was estimated at USD 7.63 billion in 2024 and is predicted to increase from USD 8.16 billion in 2025 to approximately USD 14.92 billion by 2034, expanding at a CAGR of 6.93% from 2025 to 2034. The demand for lightweight and flexible solutions is driving the single coated adhesive tapes market. The need for high-temperature and chemical-resistance solutions contributed to the adoption of single coated adhesive tapes. Additionally, the recent developments in sustainable packaging are boosting the market expansion.
The global modified atmosphere packaging market size was calculated at USD 19.82 billion in 2024 and is predicted to reach around USD 40.06 billion by 2034, expanding at a CAGR of 7.29% from 2025 to 2034. Increasing demand for high-quality and fresh-quality foods is the key factor driving the growth of the modified atmosphere packaging market. Also, ongoing developments in packaging technologies coupled with the rise in demand for online food delivery can fuel market growth further.
The global modular packaging equipment market size accounted for USD 15.05 billion in 2024 and is expected to exceed around USD 25.00 billion by 2034, growing at a CAGR of 5.21% from 2025 to 2034. The key factor driving the modular packaging equipment market growth is the rising focus on efficiency and flexibility in manufacturing processes. Also, advancements in technology coupled with the increasing emphasis on sustainability can fuel market growth soon.
The global tamper evident packaging market size accounted for USD 2.16 billion in 2024 and is expected to exceed around USD 4.76 billion by 2034, growing at a CAGR of 8.22% from 2025 to 2034. The increasing consumer demand for providing visual evidence on the packaging signifying a broken closure or any kind of tampering with the product under unauthorised access is gaining traction for the tamper evident packaging market.
The global shrink packaging market size was estimated at USD 11.73 billion in 2024 and is predicted to hit around USD 21.55 billion by 2034, growing at a CAGR of 6.27% from 2025 to 2034. Rapid industrialization and urbanization in developing countries are the key factors driving the shrink packaging market growth. Also, rising disposable income coupled with changing lifestyle preferences can fuel market growth further.
The global stick packaging market size was accounted at USD 486.34 million in 2024 and is expected to hit around USD 826.03 million by 2034, growing at a CAGR of 5.44% from 2025 to 2034. The market growth is attributed to the increasing consumer demand for convenient, sustainable, and single-serve packaging solutions.
The global tinplate packaging market size was accounted at USD 1.73 billion in 2024 and is projected to hit around USD 3.08 billion by 2034, growing at a CAGR of 5.94% from 2025 to 2034. The Tinplate Packaging Market is expected growth due to increasing consumer concerns, Environmental sustainability, and recyclability attributes, raising the prominence of food and beverage packaging.
The global liquid packaging carton market size was calculated at USD 28.24 billion in 2024 and is anticipated to reach around USD 49.17 billion by 2034, growing at a CAGR of 5.70% between 2025 and 2034. The market is attributed to the rising inclination of the population towards packaged food and beverages. The shift of customers towards ready-to-carry food also contributed to propelling the liquid packaging carton market growth.
The global pallet racking market size was calculated at USD 11.23 billion in 2024 and is projected to hit around USD 27.34 billion by 2034, representing a solid CAGR of 9.31% from 2025 to 2034. Growing demand for pallet-racking systems is the primary factor fueling the market growth. Also, the rise in contract logistics and distribution services, along with the cost-effective movement of goods, can propel market growth shortly.
The global food cans market size was calculated at USD 18.83 billion in 2024, and is projected to hit around USD 19.37 billion by 2025, and is anticipated to reach around USD 25.04 billion by 2034, growing at a CAGR of 2.89% over the forecast period 2025 to 2034. North America food cans market Size to reached USD 5.86 Billion in 2023. The rising demand for packaged foods and changing consumer needs drive the market.
The global high impact corrugated boxes market size was calculated at USD 73.2 billion in 2024 and is anticipated to reach around USD 98.56 billion by 2034, growing at a CAGR of 3.02% over the forecast period 2025 to 2034. The high impact corrugated boxes market is proliferating due to the increasing business of food and beverages, cosmetics, and several e-commerce companies that require high-impact corrugated boxes for packaging.
The global corrugated fiberboard market size surpassed USD 199.30 billion in 2024 and is anticipated to reach around USD 354.56 billion by 2034, growing at a solid CAGR of 5.93% over the forecast period 2025 to 2034. The market is proliferating due to the increasing retail display and packaging business, food and beverages, electronics, and several e-commerce companies that require corrugated fiberboard for packaging. The growing trend of online ordering systems is boosting the corrugated fiberboard market.
The global sustainable pharmaceutical packaging market size was estimated at USD 99.70 billion in 2024 and is predicted to increase from USD 113.88 billion in 2025 to approximately USD 376.82 billion by 2034, expanding at a CAGR of 14.22% from 2025 to 2034. Increasing awareness of environmental issues and regulatory pressures is the key factor driving the sustainable pharmaceutical packaging market growth.
The global plastic alternative packaging market size is projected to be worth around USD 28.89 billion by 2034 from USD 6.11 billion in 2024, at a CAGR of 16.81% from 2025 to 2034. The North America plastic alternative packaging market size reached USD 2.26 billion in 2024. The need for the plastic alternative packaging market is driven by rising environmental consciousness and regulatory demands surrounding plastic waste and its effects on the environment.
The global cosmetic tubes market size is projected to be worth around USD 4.62 billion by 2034 from USD 2.91 billion in 2024, at a CAGR of 4.73% from 2025 to 2034. The cosmetic tubes market is driven by the growing number of individuals with busy lifestyles who seek convenient and portable beauty products.
The global PET packaging market size is projected to reach around USD 76.18 billion by 2034 from USD 43.47 billion in 2024, at a CAGR of 5.77% between 2025 and 2034. The PET packaging market is driven by the consumers' preference for portable and lightweight packing formats is growing.
The global rigid bulk packaging market size was calculated at USD 9.31 billion in 2024 and is expected to reach around USD 14.63 billion by 2034, expanding at a CAGR of 4.62% from 2025 to 2034. Increasing emphasis towards the protection of shipping goods is driving the rigid bulk packaging market growth.
The global packaging machinery market size was valued at USD 50.08 billion in 2024, calculated at USD 52.40 billion in 2025 and is expected to reach around USD 78.75 billion by 2034, expanding at a CAGR of 4.63% from 2025 to 2034. The rise in e-commerce is contributing towards the market growth.
The global recycled paper bags market size was calculated at USD 3.11 billion in 2024 and is expected to reach around USD 5.40 billion by 2034, expanding at a CAGR of 5.67% from 2025 to 2034. The rising demand for cost-efficient and sustainable packaging material drives the growth of the recycled paper bags market.
The global plant-based packaging market size was calculated at USD 135.94 million in 2024 and is expected to reach around USD 343.70 million by 2034 with a CAGR of 9.72% over the forecast period 2025 to 2034.
The global food service packaging market size was calculated at USD 138.01 billion in 2024 and is expected to reach around USD 223.52 billion by 2034, expanding at a CAGR of 4.94% from 2025 to 2034. The rising demand for sustainable food products across the world is driving the growth of the food service packaging market.
The global eco-friendly food packaging market size was calculated at USD 242.28 billion in 2024 and is expected to reach around USD 505.41 billion by 2034, expanding at a CAGR of 7.63% from 2024 to 2034. Increasing consumer awareness of eco-friendly solutions across every industry impacted the food packaging market and shifted towards sustainable and biodegradable packaging usage and stringent government regulations for reducing GHG production, propelling the eco-friendly food packaging market.
The global advanced semiconductor packaging market size was calculated at USD 38.46 billion in 2024 and is expected to reach around USD 83.35 billion by 2034, expanding at a CAGR of 8.04% from 2025 to 2034. The advanced semiconductor packaging market is driven by the need for a reduction in size.
The global disposable cups market size was estimated at USD 16.53 billion in 2024 and is predicted to increase from USD 17.72 billion in 2025 to approximately USD 33.25 billion by 2034, expanding at a CAGR of 7.24% from 2025 to 2034. Increasing demand for disposable cups in the beverage industry is expected to drive the market growth.
The global decor paper market size was calculated at USD 4.42 billion in 2024 and is predicted to increase from USD 4.64 billion in 2025 to approximately USD 7.21 billion by 2034, expanding at a CAGR of 5.02% from 2025 to 2034. The rise in construction activities and the driving culture of aesthetic look to the houses or commercial buildings drive the growth of the market.
The global parenteral packaging market size accounted for USD 33.93 billion in 2024 and is predicted to increase from USD 35.99 billion in 2025 to approximately USD 60.89 billion by 2034, expanding at a CAGR of 6.02% from 2025 to 2034. The rising demand for pharmaceutical products across the world is driving the growth of the parenteral packaging market.
The global paper straw market size accounted for USD 2.63 billion in 2024 and is predicted to increase from USD 3.18 billion in 2025 to approximately USD 16.65 billion by 2034, expanding at a CAGR of 20.27% from 2025 to 2034. The increasing emphasis towards sustainable packaging is driving market growth.
The global insulated packaging market size accounted at USD 17.52 billion in 2024 and is predicted to increase from USD 18.51 billion in 2025 to approximately USD 30.13 billion by 2034, expanding at a CAGR of 5.57% from 2025 to 2034. The rising adoption of insulated packaging can boost the insulated packaging market.
The global returnable packaging market size was calculated at USD 123.03 billion in 2024 and is expected to reach around USD 219.99 billion by 2034, expanding at a CAGR of 5.98% from 2025 to 2034. The growth of the returnable packaging market is driven by the rising demand for sustainable packaging solutions and the growing focus on reducing packaging waste.
The global industrial bulk packaging market size was estimated at USD 27.61 billion in 2024 and is predicted to increase from USD 28.68 billion in 2025 to approximately USD 40.24 billion by 2034, expanding at a CAGR of 3.84% from 2025 to 2034. Increasing adoption of the inorganic growth strategies like acquisition by the key market players for designing bulk packaging is estimated to drive the growth of the industrial bulk packaging market over the forecast.
The global bubble wrap packaging market size was estimated at USD 3.22 billion in 2024 and is predicted to increase from USD 3.33 billion in 2025 to approximately USD 4.45 billion by 2034, expanding at a CAGR of 3.29% from 2025 to 2034. The bubble wrap packaging market is expanding because corporations are seeking safe, and environmentally responsible ways to protect their goods while they are being transported and improve consumer happiness.
The global gift packaging market size was estimated at USD 27.50 billion in 2024 and is predicted to increase from USD 28.82 billion in 2025 to approximately USD 43.99 billion by 2034, expanding at a CAGR of 4.81% from 2025 to 2034. The increasing popularity of corrugated gift boxes, due to their diverse beneficial properties like resistance, reusability, aesthetic appeal, and much more, is predicted to stimulate the gift packaging market.
The North America liquid packaging market size was USD 124.27 billion in 2023, accounted for USD 130.36 billion in 2024, and is expected to reach around USD 198.62 billion by 2033, expanding at a CAGR of 4.80% from 2024 to 2033. The rising demand for efficient packaging solutions from the food and beverages industry is driving the growth of the market.
The North America corrugated packaging market size is calculated at USD 104.98 billion in 2024 and is expected to reach around USD 252.42 billion by 2034. The market is expanding at a CAGR of 9.17% over the forecast period 2025 to 2034. The North America corrugated packaging market is driven by the increasing acceptance of online shopping.
The Europe end-of-line packaging market size was estimated at USD 2.50 billion in 2024 and is predicted to increase from USD 2.61 billion in 2025 to approximately USD 3.84 billion by 2034, expanding at a CAGR of 4.40% from 2025 to 2034. The European end-of-line packaging market is driven by the growing need for automation.
The global corrugated boxes market size accounted for USD 70.43 billion in 2023 and is predicted to reach around USD 94.98 billion by 2034, growing at a CAGR of 3% from 2024 to 2034. The boost of the consumables industry, health care, and personal care products are driving market growth.
The global foam plastics market size accounted for USD 58.85 billion in 2024 and is predicted to increase from USD 62.16 billion in 2025 to approximately USD 101.21 billion by 2034, expanding at a CAGR of 5.57% from 2025 to 2034. The expanding end-use industries and increasing demand for polyurethane foam in building insulation are the key drivers enhancing the market growth.
