The global packaging industry has come a long way in the past few decades, driven by a number of major trends that will continue to influence the development of the industry. Several market research agencies predict that these packaging will enjoy a rare market opportunity in the next few years.
In 2021, the global sales of packaging materials exceeded $1 trillion
From 2016 to 2021, the sales scale of global packaging materials increased year by year. In 2020, the global sales market size of packaging materials increased by 1.5% year on year, and the growth rate decreased due to the impact of COVID-19. In 2021, the global sales volume of packaging materials exceeded $1 trillion, a record high.
From the perspective of packaging material type, in 2020, cardboard will be the largest packaging material in global consumption, accounting for about one third. Secondly, the consumption of soft packaging and hard plastic packaging accounted for more than 20%; Metal packaging accounted for 12%, glass packaging accounted for about 4%.
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