The Customized Packaging market size is estimated to be close to USD XX Billion in 2022 and is projected to grow at a CAGR of XX% till 2027. Key factors driving market revenue growth are rising demand for convenience packaging and innovation in packaging technologies. In addition, creating brand awareness, personalized experience for customers, and better customer engagements are other key factors expected to drive demand for custom packaging, and support market revenue growth.
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By Material, Plastic accounted for the largest share in 2022
Plastic films are made from a wide range of polymers and have the ability to be molded into the desired shapes when subjected to heat or pressure. Plastic films can be easily formed, are of high quality, cost-effective, and provide excellent barrier properties. Hence, they are preferred for Personalized Packaging. Plastic films also offer down-gauging properties as they enable manufacturers to use minimum resources to manufacture a package.
By Application, Plastics are expected to generate high growth over the forecast period
The key driver for the growth of the Personalized Packaging Market in food packaging is the increase in demand for compact & lightweight packaging in baby food. Customized packaging provide the convenience of carrying baby food and are available for single-time use. In the food industry, they are widely utilized in packaging sauces, pet food, ready-to-eat/frozen meals, candies, chocolates, snacks, dried fruits & nuts, and confectionery products.
APAC account for the largest share of the Customized packaging market during the forecast period
The market for Customized packaging is expected to be driven by the demand from Asia Pacific. Growth in Customized industry in economies such as China and India and in the South East Asian region, is expected to translate into a rise in the demand for packaging in the region. Rise in the population is also expected to drive end-use purchases which in turn is expected to drive the growth of the Customized packaging over the next five years.
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Few of the key players in the global personalized packaging market include Owens Illinois Inc., Salazar Packaging, Inc., Design Packaging, Inc., PrimeLine Packaging, International Packaging Inc., Elegant Packaging, Pak Factory Inc., ABOX Packaging, ACG Ecopak, CB Group, SoOPAK Company, Huhtamaki Oyj, The Mondi Group plc., Smurfit Kappa Group, Glenroy Inc. and ProAmpac LLC., The Box Factory Limited, Owens Illinois, CBS Packaging, Huhtamaki and others.
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