Revisiting Packaging Statistics
One of our most popular blogs to date is Packaging Statistics That Might Surprise You. We know that information is key, and the statistics that we have available in the packaging industry are valuable for decision making. Technology and data mining has made it possible to obtain more and more information every day.
At the end of 2016 we had analyzed the global packaging market for market share by country, market share by type of packaging, packaging materials, industry market share and more.
Here are our key findings from November 2016:
- The overall global packaging industry is worth $424 billion
- Europe had the highest share of the market
- The packaging industry accounts for 36% of paper use and 17% of metal use
- Food accounts for the highest market share of packaging products (38%)
Here are the top statistics that you need to know about packaging as we finish 2018.
Packaging Design Influence on Purchasing Decisions
The paper and packaging board conducted a study that shows that 70% of consumers agree that packaging design can influence purchasing decisions. Digital printing has helped to expand this by making it possible to print endless types of designs on any material. The study also found that consumers also care about the products that are used for packaging (preferring paper over plastic), and the reusability of the packaging.
Packaging Paperboard Overview
Folding cartons and paper-based packaging is still used for most consumer staples. Nearly 60 percent of all paperboard packaging is used in food product segments such as beverages and dairy products, candy and confections, dry foods and frozen foods. The remainder of the market serves segments such as pharmaceuticals, cosmetics, toys, and most of the items found in grocery and club stores. Because of its versatility, paperboard has continued to grow and will be a staple for decades to come.
Sustainable Packaging Market
“According to the report, the global demand for sustainable packaging market was valued at around USD 250 million in 2017 and is expected to reach approximately USD 400 million by 2024, growing at a CAGR of slightly above 7% between 2018 and 2024.” Because consumers are increasingly concerned about the environment, it is no surprise that the “green packaging” market is in a boom.
Corrugated Box Packaging Market
Corrugated box manufacturing is currently valued at $66 billion and has grown at a rate of 1% for the last 5 years. In the United States there are 2,000 businesses that are currently active in the corrugated box industry.