COVID-19 Impact on Packaging Market 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), and By Region - Trends, Analysis, and Forecast till 2029

COVID-19 impact on Packaging Market accounted for USD 900 Billion in 2019 and is estimated to be USD 1371.4 Billion by 2029 and is anticipated to register a CAGR of 4.3%.

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.

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.

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.

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:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

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.

• Amcor
• Ball Corporation
• Bizongo
• Tetra Pak
• International Paper
• DS Smith Plc
• Mondi Group
• Macfarlane Group Plc
• Berry Global Inc.
• Smurfit Kappa