Global COVID 19 Impact On Packaging Market Overview
The packaging is aimed to protect goods from damage, loss, and theft during transport, distribution, and storage. It also gives protection from climatic conditions, such as temperature, solar radiation, humidity, and precipitation. The coronavirus pandemic or Covid-19 has had a significant impact on the packaging industry. Self-isolation rules have resulted in event cancellations and short supplies of raw materials. The global COVID-19 impact on packaging market accounted for US$ 900 billion in 2019 and is estimated to be US$ 1371.4 billion by 2029 and is anticipated to register a CAGR of 4.3%.
Global COVID 19 Impact On Packaging Market Dynamics
Rising e-commerce sales
Due to the outbreak of COVID-19 pandemic, most physical retail stores were closed during the lockdown. Therefore, online orders are booming as retailers attempt to keep sales going. Whereas, other retailers who do not have a conventionally strong online presence have also been forced to shift their business model to e-commerce to ensure survival. Thus, as a result, the need for e-commerce specific packaging is strong. Now, the focus of retailers is on delivery of products safely to consumers. Hence, the importance of packaging that provides the protection of goods through resistance technology has been more crucial. Retailers are involving in decreasing the risk of product loss or damage to limit the potential of financial losses and returns. Further, the major factor propelling the growth of the packaging industry include the increased demand for FMCG and pharmaceutical packaging.
However, the shortage of raw material limits the growth of the target market.
Global COVID 19 Impact On Packaging Market Segmentation
COVID-19 impact on packaging market is segmented based on material type, application, and region.
On the basis of the material type, the global COVID-19 impact on packaging market is segmented into plastics/polymers, paper & paperboard, glass, metal, and others. Based on the application, the target market is segmented into healthcare, food & beverages, household hygiene, beauty & personal care, electrical & electronics, and others.
In the region, the global COVID-19 Impact on packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-pacific is expected to be the largest packaging market over the forecast period, driven by the easy presence of packaging raw materials such as plastic, glass, and fiber along with the availability of manufacturing facilities of most of the packaging companies. North America is projected to affect the most due to the pandemic, with non-operational plants and factories and the growing number of cases every day. The rigorousness of the disease would lead to a slow growth rate for 2019-21 for the packaging market. Companies, such as Ball Corporation (US), Amcor (Australia), Berry Global Inc. (US), Bizongo (India), International Paper (US), Tetra Pak (Switzerland), DS Smith Plc (UK), Mondi Group (Austria), Macfarlane Group Plc (UK) and Smurfit Kappa (Ireland) working in the packaging market have undertaken short, mid, and long-term growth strategies such as donations, partnerships, increased production, and others to help their customers efficiently and enhance their future market shares.
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Attribute |
Details |
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The base year for estimation |
2019 |
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Forecast period |
2019 – 2029 |
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Market representation |
Revenue in USD Million & CAGR from 2019 – 2029 |
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Market Segmentation |
By Material Type - Plastics/Polymers, Paper & Paperboard, Glass, Metal, and Others By Application - Healthcare, Food & Beverages, Household Hygiene, Beauty & Personal Care, Electrical & Electronics, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global COVID-19 impact on packaging market report based on material type, application, and region.
COVID-19 Impact on Packaging Market, By Material Type:
- Plastics/Polymers
- Paper & Paperboard
- Glass, Metal
- Others
COVID-19 Impact on Packaging Market, By Application:
- Healthcare
- Food & Beverages
- Household Hygiene
- Beauty & Personal Care
- Electrical & Electronics
- Others
COVID-19 Impact on Packaging Market, By Region:
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-
- North America
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- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global COVID 19 Impact On Packaging Market Key Players
The key players operating in the COVID-19 impact on packaging market include Amcor, Ball Corporation, Bizongo, Tetra Pak, International Paper, DS Smith Plc, Mondi Group, Macfarlane Group Plc, Berry Global Inc., and Smurfit Kappa. Prominent players have adopted short, mid, and long-term growth strategies such as increased production, donations, partnerships, innovations, etc. to help their customers professionally and increase their future market shares. For instance, in April 2020, Smurfit Kappa developed a new “Design for Help” portfolio of corrugated solutions to support alleviate the current challenges. The portfolio includes furniture and corrugated beds for temporary hospitals. Realizing the shorter life span of the virus on corrugated materials than on plastics and metals, the company has started offering these solutions free of cost to help the communities.
Global COVID 19 Impact On Packaging Market Company Profile
- Amcor
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ball Corporation
- Bizongo
- Tetra Pak
- International Paper
- DS Smith Plc
- Mondi Group
- Macfarlane Group Plc
- Berry Global Inc.
- Smurfit Kappa
“*” marked represents similar segmentation in other categories in the respective section
Global COVID 19 Impact On Packaging Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for COVID-19 Impact on Packaging Strategies
- Key Questions this Study will Answer
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global COVID-19 Impact on Packaging Market, By Material Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Plastics/Polymers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Paper & Paperboard
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Glass
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Metal
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global COVID-19 Impact on Packaging Market, By Application, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Healthcare
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Food & Beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Household Hygiene
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Beauty & Personal Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Electrical & Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global COVID-19 Impact on Packaging Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Material Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- Amcor
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Ball Corporation
- Bizongo
- Tetra Pak
- International Paper
- DS Smith Plc
- Mondi Group
- Macfarlane Group Plc
- Berry Global Inc.
- Smurfit Kappa
- Amcor
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- The Last Word
- Future Impact
- About Us
- Contact
Global COVID 19 Impact On Packaging Market Highlights
FAQs
The COVID-19 impact on packaging market report is segmented into material type, application, and region.
Factors driving the impact include the increased demand for e-commerce packaging, a focus on hygiene and safety in packaging, and innovations in sustainable and eco-friendly packaging solutions.
Global restraints may include supply chain challenges, increased costs for packaging materials, and the need for adaptability to changing consumer preferences.
The report covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to dominate the market, witnessing a significantly high revenue share over the forecast period.
The key players operating in the global COVID-19 impact on packaging market include Amcor, Ball Corporation, Bizongo, Tetra Pak, International Paper, DS Smith Plc, Mondi Group, Macfarlane Group Plc, Berry Global Inc., and Smurfit Kappa.