The Customized Packaging Market size was USD 34.71 billion in 2022 and is expected to Reach USD 56.17 billion by 2030 and grow at a CAGR of 6.2 % over the forecast period of 2023-2030.
A large part of the demand is due to the increasing need to change the packaging to ensure product safety, which is further supported by increasing global imports and exports. The need to keep products safe during transit has grown significantly, contributing to the growth of the Customized packaging market. Customized packaging manufacturers are primarily focused on expanding their business areas through smart mergers and acquisitions that enhance the range and quality of the products they offer. Due to the need to build a brand identity in the face of intense competition in the market, more and more brand owners are opting for Customized packaging over traditional options.
Get PDF Sample Copy of Customized Packaging Market - Request Sample Report
Increasing consumer disposable income, especially in the Asia-Pacific region, is driving the demand for luxury packaging, which drives the market. Manufacturers in this sector are increasing their skills and production capacities to increase their presence in the growing market. The growth seen from previous eras is also fueled by the increasing use of e-retail around the world. Customized packaging helps businesses connect with customers and increase brand awareness. However, new designs require companies to spend more time and effort, which can lead to higher production costs. Additionally, you need to spend a lot of marketing resources to determine your ideal packaging design and marketing strategy. Customized package campaigns that customers don't like can waste a lot of time and money and hurt your business profits. To avoid printing outdated or obsolete packaging, businesses also need to stay on top of the latest trends.
From FMCG brands to high-end luxury leaders, consumer brands are embracing personalization. Custom packaging will grow as brands move one step closer to consumer awareness through branding efforts. This personalization trend is most evident in beverage and food companies. Many companies in various industries have jumped on the Customized packaging trend to profit. One of the main drivers behind the development of Customized packaging for industry insiders is the insatiable desire for personal brand interactions.
KEY DRIVERS:
The need for Customized packaging is rising as consumers seek out more distinctive and Customized experiences. The market responds to this demand by providing a wide range of customization options, from Customized messages and names to custom designs and packaging materials. The industry thrives and expands to meet consumers' changing preferences as more consumers accept customized packaging.
RESTRAIN:
Customized packaging must adhere to a number of legal requirements, including those relating to labeling, safety, and material limitations. It can be difficult to adhere to these compliance standards when customizing products with distinctive materials, inks, or finishes. The customization process may become more complicated and subject to potential limitations as manufacturers and brands must ensure that customized packaging remains compliant with applicable laws.
OPPORTUNITY:
Customized packaging can support sustainability initiatives by utilizing eco-friendly components, minimizing waste through effective design, and providing reusable or recyclable options. Customized sustainable packaging gives brands a competitive edge by aligning with consumer values and preferences.
CHALLENGES:
When it comes to increasing production, customization inherently introduces complexity and constraints. Considerations such as preserving customer data security and privacy are crucial. Brands and producers must implement effective data protection measures, adhere to pertinent laws, and build consumer confidence in how they handle personal data.
Russia and Ukraine both are the major suppliers of raw materials for the packaging industry. For the customized packaging market, glass, paper, metal, and plastic are the major raw materials required. Russia alone produces nearly about 6% of the total aluminium production globally and is also the major exporter of aluminium. Turkiye almost imports about 40 % of aluminium from Russia and Japan. China imports nearly about 8-10% of aluminium from Russia.
Due to the war prices of aluminium increased severely. Imports of raw materials from Russia were minimized which affected the packaging sector. This also affected the supply of raw materials used in customized packaging, such as paper, cardboard, plastics, and inks Transportation of these raw materials was also costly due to supply chain disruptions due to the war. The raw material required to make glass were also expensive impacting the overall customized packaging market.
European region highly relies on Russia and Ukraine war its energy supply, the prices of energy also went high which affected the production cost and high inflation in the packaging industry across the European region.
Marketing and promotion are a major part of any industry to create demand for products across the globe. The overall economic uncertainty during a recession can create hesitancy among businesses to invest in marketing and promotional activities. This, in turn, can reduce the demand for customized packaging that is often used to enhance brand recognition and product appeal. According to market surveys at times of recession, there might be 45 % downfall in marketing expenditure by industries. This will highly impact the customized packaging market, where the marketing of products plays a crucial role in generating customer demands.
Demand and supply of cardboard boxes, as well as other packaging materials, fell in year 2022. This is because of less consumer spending, due to the coming recession and rising interest rates.
By Raw Material
By Packaging Type
By End User
.png)
Get Customized Report as per Your Business Requiremrnt - Enquiry Now
North America overtook other regional markets as the largest market for Customized packaging, with the highest revenue share. The region's expanding use of customized packaging to differentiate goods and improve transportable packaging is primarily to blame for the market's revenue growth. The presence of technological innovation and the cost of raw resources are additional factors.
The market for Customized packaging is predicted to grow in Asia Pacific. The main factors influencing the growth of the APAC market are changing consumer lifestyles and rising disposable income, which have increased demand for goods like carbonated beverages, Cocktail Syrups, and others throughout the region. The expansion of small and medium-sized bespoke packaging businesses also contributes to the industry's growth in APAC.
REGIONAL COVERAGE:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Some major key players in the Customized Packaging Market market are International Packaging Inc, ACG Ecopak, ProAmpac LLC, CB Group, SoOPAK Company, Huhtamaki Oyj, Salazar Packaging Inc, Prime Line Packaging, Elegant Packaging, Glenroy Inc, and other players.
Ans: The Customized Packaging Market is expected to grow at a CAGR of 6.2 %.
Ans: The Customized Packaging Market size was USD 34.71 billion in 2022 and is expected to Reach USD 56.17 billion by 2030.
Ans: Increasing consumer demand for customized packaging is major driver for the market.
Ans: Customized packaging needs to follow number of legal requirements which can affect the growth of the market.
Ans: North America overtook other regional markets as the largest market for Customized packaging, with the highest revenue share.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Customized Packaging Market, By Raw Material
8.1 Glass
8.2 Metal
8.3 Plastic
8.4 Paper & Paperboard
8.5 Others
9. Customized Packaging Market By Packaging Type
9.1 Cartons
9.2 Bottles
9.3 Jars & Containers
9.4 Boxes
9.5 Others
10. Customized Packaging Market, By End User
10.1 Pharmaceutical
10.2 Food & Beverage
10.3 Personal Care
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Customized Packaging Market by Country
11.2.2North America Customized Packaging Market by Raw Material
11.2.3 North America Customized Packaging Market by Packaging Type
11.2.4 North America Customized Packaging Market by End User
11.2.5 USA
11.2.5.1 USA Customized Packaging Market by Raw Material
11.2.5.2 USA Customized Packaging Market by Packaging Type
11.2.5.3 USA Customized Packaging Market by End User
11.2.6 Canada
11.2.6.1 Canada Customized Packaging Market by Raw Material
11.2.6.2 Canada Customized Packaging Market by Packaging Type
11.2.6.3 Canada Customized Packaging Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Customized Packaging Market by Raw Material
11.2.7.2 Mexico Customized Packaging Market by Packaging Type
11.2.7.3 Mexico Customized Packaging Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Customized Packaging Market by country
11.3.1.2 Eastern Europe Customized Packaging Market by Raw Material
11.3.1.3 Eastern Europe Customized Packaging Market by Packaging Type
11.3.1.4 Eastern Europe Customized Packaging Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Customized Packaging Market by Raw Material
11.3.1.5.2 Poland Customized Packaging Market by Packaging Type
11.3.1.5.3 Poland Customized Packaging Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Customized Packaging Market by Raw Material
11.3.1.6.2 Romania Customized Packaging Market by Packaging Type
11.3.1.6.4 Romania Customized Packaging Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Customized Packaging Market by Raw Material
11.3.1.7.2 Turkey Customized Packaging Market by Packaging Type
11.3.1.7.3 Turkey Customized Packaging Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Customized Packaging Market by Raw Material
11.3.1.8.2 Rest of Eastern Europe Customized Packaging Market by Packaging Type
11.3.1.8.3 Rest of Eastern Europe Customized Packaging Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Customized Packaging Market by Country
11.3.2.2 Western Europe Customized Packaging Market by Raw Material
11.3.2.3 Western Europe Customized Packaging Market by Packaging Type
11.3.2.4 Western Europe Customized Packaging Market by End User
11.3.2.5 Germany
11.3.2.5.1 Germany Customized Packaging Market by Raw Material
11.3.2.5.2 Germany Customized Packaging Market by Packaging Type
11.3.2.5.3 Germany Customized Packaging Market by End User
11.3.2.6 France
11.3.2.6.1 France Customized Packaging Market by Raw Material
11.3.2.6.2 France Customized Packaging Market by Packaging Type
11.3.2.6.3 France Customized Packaging Market by End User
11.3.2.7 UK
11.3.2.7.1 UK Customized Packaging Market by Raw Material
11.3.2.7.2 UK Customized Packaging Market by Packaging Type
11.3.2.7.3 UK Customized Packaging Market by End User
11.3.2.8 Italy
11.3.2.8.1 Italy Customized Packaging Market by Raw Material
11.3.2.8.2 Italy Customized Packaging Market by Packaging Type
11.3.2.8.3 Italy Customized Packaging Market by End User
11.3.2.9 Spain
11.3.2.9.1 Spain Customized Packaging Market by Raw Material
11.3.2.9.2 Spain Customized Packaging Market by Packaging Type
11.3.2.9.3 Spain Customized Packaging Market by End User
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Customized Packaging Market by Raw Material
11.3.2.10.2 Netherlands Customized Packaging Market by Packaging Type
11.3.2.10.3 Netherlands Customized Packaging Market by Test Type
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Customized Packaging Market by Raw Material
11.3.2.11.2 Switzerland Customized Packaging Market by Packaging Type
11.3.2.11.3 Switzerland Customized Packaging Market by End User
11.3.2.1.12 Austria
11.3.2.12.1 Austria Customized Packaging Market by Raw Material
11.3.2.12.2 Austria Customized Packaging Market by Packaging Type
11.3.2.12.3 Austria Customized Packaging Market by End User
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Customized Packaging Market by Raw Material
11.3.2.13.2 Rest of Western Europe Customized Packaging Market by Packaging Type
11.3.2.13.3 Rest of Western Europe Customized Packaging Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Customized Packaging Market by country
11.4.2 Asia-Pacific Customized Packaging Market by Raw Material
11.4.3 Asia-Pacific Customized Packaging Market by Packaging Type
11.4.4 Asia-Pacific Customized Packaging Market by End User
11.4.5 China
11.4.5.1 China Customized Packaging Market by Raw Material
11.4.5.2 China Customized Packaging Market by End User
11.4.5.3 China Customized Packaging Market by Packaging Type
11.4.6 India
11.4.6.1 India Customized Packaging Market by Raw Material
11.4.6.2 India Customized Packaging Market by Packaging Type
11.4.6.3 India Customized Packaging Market by End User
11.4.7 Japan
11.4.7.1 Japan Customized Packaging Market by Raw Material
11.4.7.2 Japan Customized Packaging Market by Packaging Type
11.4.7.3 Japan Customized Packaging Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Customized Packaging Market by Raw Material
11.4.8.2 South Korea Customized Packaging Market by Packaging Type
11.4.8.3 South Korea Customized Packaging Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Customized Packaging Market by Raw Material
11.4.9.2 Vietnam Customized Packaging Market by Packaging Type
11.4.9.3 Vietnam Customized Packaging Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Customized Packaging Market by Raw Material
11.4.10.2 Singapore Customized Packaging Market by Packaging Type
11.4.10.3 Singapore Customized Packaging Market by End User
11.4.11 Australia
11.4.11.1 Australia Customized Packaging Market by Raw Material
11.4.11.2 Australia Customized Packaging Market by Packaging Type
11.4.11.3 Australia Customized Packaging Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Customized Packaging Market by Raw Material
11.4.12.2 Rest of Asia-Pacific Customized Packaging Market by Packaging Type
11.4.12.3 Rest of Asia-Pacific Customized Packaging Market by Test Type
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Customized Packaging Market by country
11.5.1.2 Middle East Customized Packaging Market by Raw Material
11.5.1.3 Middle East Customized Packaging Market by Packaging Type
11.5.1.4 Middle East Customized Packaging Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Customized Packaging Market by Raw Material
11.5.1.5.2 UAE Customized Packaging Market by Packaging Type
11.5.1.5.3 UAE Customized Packaging Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Customized Packaging Market by Raw Material
11.5.1.6.2 Egypt Customized Packaging Market by Packaging Type
11.5.1.6.3 Egypt Customized Packaging Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Customized Packaging Market by Raw Material
11.5.1.7.2 Saudi Arabia Customized Packaging Market by Packaging Type
11.5.1.7.3 Saudi Arabia Customized Packaging Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Customized Packaging Market by Raw Material
11.5.1.8.2 Qatar Customized Packaging Market by Packaging Type
11.5.1.8.3 Qatar Customized Packaging Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Customized Packaging Market by Raw Material
11.5.1.9.2 Rest of Middle East Customized Packaging Market by Packaging Type
11.5.1.9.3 Rest of Middle East Customized Packaging Market by End User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Customized Packaging Market by Raw Material
11.5.2.3 Africa Customized Packaging Market by Packaging Type
11.5.2.4 Africa Customized Packaging Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Customized Packaging Market by Raw Material
11.5.2.5.2 Nigeria Customized Packaging Market by Packaging Type
11.5.2.5.3 Nigeria Customized Packaging Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Customized Packaging Market by Raw Material
11.5.2.6.2 South Africa Customized Packaging Market by Packaging Type
11.5.2.6.3 South Africa Customized Packaging Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Customized Packaging Market by Raw Material
11.5.2.7.2 Rest of Africa Customized Packaging Market by Packaging Type
11.5.2.7.3 Rest of Africa Customized Packaging Market by Test type
11.6 Latin America
11.6.1 Latin America Customized Packaging Market by country
11.6.2 Latin America Customized Packaging Market by Raw Material Type
11.6.3 Latin America Customized Packaging Market by Technique
11.6.4 Latin America Customized Packaging Market by End User
11.6.5 Brazil
11.6.5.1 Brazil America Customized Packaging by Raw Material Type
11.6.5.2 Brazil America Customized Packaging by Technique
11.6.5.3 Brazil America Customized Packaging by End User
11.6.6 Argentina
11.6.6.1 Argentina America Customized Packaging by Raw Material Type
11.6.6.2 Argentina America Customized Packaging by Technique
11.6.6.3 Argentina America Customized Packaging by End User
11.6.7 Colombia
11.6.7.1 Colombia America Customized Packaging by Raw Material Type
11.6.7.2 Colombia America Customized Packaging by Technique
11.6.7.3 Colombia America Customized Packaging by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Customized Packaging by Raw Material Type
11.6.8.2 Rest of Latin America Customized Packaging by Technique
11.6.8.3 Rest of Latin America Customized Packaging by End User
12 Company profile
12.1 International Packaging Inc
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 ACG Ecopak
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 ProAmpac LLC
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 CB Group
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 SoOPAK Company
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Huhtamaki Oyj
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Salazar Packaging Inc
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Prime Line Packaging
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Elegant Packaging
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Glenroy Inc
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Rigid Packaging Market size was USD 214.74 billion in 2023 and is expected to Reach USD 305.39 billion by 2031 and grow at a CAGR of 4.5% over the forecast period of 2024-2031.
Online Food Delivery Services market size was valued at USD 76.61 Bn in 2023 and is expected to reach USD 297.87 Bn by 2031 and grow at a CAGR of 18.5% over the forecast period 2024-2031.
The Hydration Containers Market Size was valued at USD 13.63 billion in 2023 and is expected to reach USD 25.60 billion by 2031 and grow at a CAGR of 8.2 % over the forecast period 2024-2031.
The Aerosol Packaging Market size was USD 6.85 billion in 2022 and is expected to Reach USD 9.89 billion by 2030 and grow at a CAGR of 4.7% over the forecast period of 2023-2030.
Beverage Carton Packaging Machinery Market size was USD 1124.62 million in 2022 and is expected to Reach USD 1599.32 million by 2030 and grow at a CAGR of 4.5 % over the forecast period of 2023-2030.
The Spouted Pouch Market size was USD 25.45 billion in 2023 and is expected to Reach USD 41.80 billion by 2031 and grow at a CAGR of 6.4% over the forecast period of 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
