The global recycled paper bags market size was USD 2.94 billion in 2023, 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 5.68% from 2024 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 USD 123.90 million in 2023, calculated at USD 135.94 million in 2024 and is expected to reach around USD 343.70 million by 2034 with a CAGR of 9.71% over the forecast period 2024 to 2034.
The global food service packaging market size was USD 131.51 billion in 2023, 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 2024 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 USD 225.10 billion in 2023, 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 USD 35.60 billion in 2023, 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 2024 to 2034. The advanced semiconductor packaging market is driven by the need for a reduction in size.
The global disposable cups market size was USD 15.41 billion in 2023, calculated at USD 16.53 billion in 2024 and is expected to reach around USD 33.25 billion by 2034, expanding at a CAGR of 7.24% from 2024 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 USD 4.20 billion in 2023, calculated at USD 4.42 billion in 2024 and is expected to reach around USD 6.89 billion by 2033, expanding at a CAGR of 5.07% from 2024 to 2033. The rise in construction activities and the driving culture of aesthetic look to the houses or commercial buildings that drive the growth of the market.
The global parenteral packaging market size was USD 31.98 billion in 2023, calculated at USD 33.93 billion in 2024 and is expected to reach around USD 57.71 billion by 2033, expanding at a CAGR of 6.08% from 2024 to 2033. The rising demand for pharmaceutical products across the world is driving the growth of the parenteral packaging market.
The global paper straw market size was USD 2.18 billion in 2023, calculated at USD 2.63 billion in 2024 and is expected to reach around USD 14.45 billion by 2033. The market is expanding at a solid CAGR of 20.82% over the forecast period 2024 to 2033. The increasing emphasis towards sustainable packaging is driving market growth.
The global insulated packaging market size was USD 16.59 billion in 2023, calculated at USD 17.52 billion in 2024 and is expected to reach around USD 28.66 billion by 2033, expanding at a CAGR of 5.62% from 2024 to 2033.The rising adoption of insulated packaging can boost the insulated packaging market.
The global returnable packaging market size was USD 116.02 billion in 2023, calculated at USD 123.03 billion in 2024 and is expected to reach around USD 208.56 billion by 2033, expanding at a CAGR of 6.04% from 2024 to 2033. Raising awareness of the need to decrease waste and environmental concerns boosts the returnable packaging market.
The global industrial bulk packaging market size was USD 26.59 billion in 2023, calculated at USD 27.61 billion in 2024 and is expected to reach around USD 38.83 billion by 2033, expanding at a CAGR of 3.86% from 2024 to 2033. 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 USD 3.12 billion in 2023, calculated at USD 3.22 billion in 2024, and is expected to reach around USD 4.32 billion by 2033, expanding at a CAGR of 3.31% from 2024 to 2033. 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 USD 25.48 billion in 2023, calculated at USD 26.58 billion in 2024 and is expected to reach around USD 38.93 billion by 2033, expanding at a CAGR of 4.33% from 2024 to 2033. 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 was USD 97.53 billion in 2023, calculated at USD 104.98 billion in 2024 and is expected to reach around USD 233.25 billion by 2033. The market is expanding at a CAGR of 9.11% over the forecast period 2024 to 2033. The North America corrugated packaging market is driven by the increasing acceptance of online shopping.
The Europe end-of-line packaging market size was valued at USD 2,378.42 million in 2023 and is anticipated to reach around USD 3,795.06 million by 2033, growing at a CAGR of 4.73% from 2024 to 2033. The Europe end-of-line packaging market is driven by the growing need for automation.
The global corrugated boxes market size was valued at USD 68.35 billion in 2023 and is anticipated to reach around USD 92.30 billion by 2033, growing at a CAGR of 3.05% from 2024 to 2033. The boost of the consumables industry, health care, and personal care products are driving market growth.
The global foam plastics market size was valued at USD 55.72 billion in 2023 and is anticipated to reach around USD 96.27 billion by 2033, growing at a CAGR of 5.62% from 2024 to 2033. The expanding end-use industries and increasing demand for polyurethane foam in building insulation are the key drivers enhancing the market growth.
The global honeycomb paper market size was valued at USD 7.73 billion in 2023 and is anticipated to reach around USD 13.09 billion by 2033, growing at a CAGR of 5.41% from 2024 to 2033. Manufacturers are looking for alternatives to reduce packaging cost, this factor is observed to expand the growth of the honeycomb paper market.
The global aerosol cans market size was valued at USD 10.58 billion in 2023 and is anticipated to reach around USD 18.54 billion by 2033, growing at a CAGR of 5.77% from 2024 to 2033. The rise in consumers’ preference for styling and personal care products with appealing packaging options, such as sprays, dry shampoos, and showers, is expected to spur the sales of aerosol cans in the coming years.
The global stretch sleeve & shrink sleeve labels market size was valued at USD 16 billion in 2023 and is anticipated to reach around USD 32 billion by 2033, growing at a CAGR of 7.17% from 2024 to 2033. Shrink sleeves provide tamper-evident seals, guaranteeing the product's integrity and safety. Because of this feature, customers are more confident in the product's quality and safety and adapting the stretch sleeve & shrink sleeve labels market.
The global nutraceutical packaging market size was valued at USD 3.66 billion in 2023 and is anticipated to reach around USD 5.86 billion by 2033, growing at a CAGR of 4.83% from 2024 to 2033.
The global baby care packaging market size was estimated at USD 3.01 billion in 2023 and is projected to hit around USD 5.19 billion by 2033 with a CAGR of 5.59% from 2024 to 2033.
The global pharmaceutical unit-dose packaging market size was valued at USD 35.40 billion in 2023 and is estimated to hit around USD 141.36 billion by 2033 with a CAGR of 14.85% from 2024 to 2033. The rise in the global population and the surge in chronic diseases are driving the growth of the market.
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