Packaging: Market Update June 2024

 
 

GENERAL TRENDS

Packaging Industry Outlook and Observations

  • The expansion of the size of key application industries such as food & beverages, pharmaceuticals, personal and household care, and the growing global penetration of e-retail has driven growth in the global plastic packaging industry with an expected CAGR of 3.5% from 2024 to 2030

  • The growing demand for the packaged food & beverage sector is driven by increasing population growth, changing lifestyle habits, rising economic activities, and increasing penetration of e-retail

  •  The introduction of innovative packaging solutions such as active packaging and bioplastic packaging creates new avenues for the industry. However, rising sustainability awareness among consumers and bans from municipalities on single-use plastics pose a serious threat to the growth of the industry. Changing consumer preferences will continue to shape the plastics packaging industry

  • Thermoform technologies are another popular segment on the rise within the sustainable packaging industry. Analysts are predicting this segment will grow at the highest CAGR of 4.4% from 2024 to 2030

  • Increased e-commerce sales and changing consumer patterns are key drivers within the U.S. Packaging market, with expected valuation of $244.17 billion by 2029 and a CAGR of 6.5% globally

  • The rise in the levels of urbanization and the changing dietary habits have been the key drivers for growth within the flexible plastic packaging industry 

  • The growing demands for packaging from food & beverage and healthcare products continue to drive growth within the flexible packaging market, with an expected valuation of $270.96 Billion in 2023, with an expected CAGR of 4.7%

M&A ACTIVITY

Global Packaging M&A Transaction Velocity

DEAL SPOTLIGHT

 

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The opinions expressed herein are those of 555 Capital Advisors. There is no guarantee that any predictions/projections as to certain market activity or events will come to fruition or past market or transaction performance referenced within will yield the same results as transactions previously conducted by 555 Capital Advisors.