Europe Consumer Packaging Market Size (2024 - 2029)

Europe Consumer Packaging Market News

The Europe Consumer Packaging Market size is estimated at USD 168.84 billion in 2024, and is expected to reach USD 206.11 billion by 2029, growing at a CAGR of 4.07% during the forecast period (2024-2029).

• Technological innovations, sustainability trepidations, and attractive economics are the factors driving the growth of consumer packaging. Packaging plays a crucial role in the consumer goods industry in making the product appealing to the potential buyer and delivering products to the consumer that are sufficiently sophisticated, safe, convenient, and appropriate.
• Plastic packaging has become popular among consumers, as it is lightweight and unbreakable, making it easier to handle. Even significant manufacturers prefer plastic packaging, owing to the lower cost of production. Moreover, introducing polymers, such as polyethylene terephthalate (PET) and high-density polyethylene (HDPE), expands plastic packaging applications. However, reducing the amount of environmentally harmful polymers used in packaging is one of the most researched areas in the consumer packaging market.
• Furthermore, the European Union is pioneering the plastic market with its drive toward circular economy principles. It is mainly focused on plastic waste, as the high-volume, single-use item plastic packaging has come under scrutiny. Multiple strategies are being advanced to address this issue, including substituting alternative materials, investing in the development of bio-based plastics, designing packaging that is easier to process in recycling, and improving the recycling and processing of plastic waste.
• The raw materials market continues to be under considerable strain. Market demand remains high, coupled with reduced supply, and this continues to keep material prices at rates never previously seen across Europe. Recycled plastic prices fluctuate due to changes in demand, which can be attributed to the price of virgin plastics. Demand for recycled plastic will increase in times of higher prices for virgin plastic, leading to its increased cost.

Europe Consumer Packaging Industry Segmentation

The consumer packaging market refers to the industry that produces packaging materials and solutions for consumer goods. This market is crucial in protecting, preserving, and promoting products for sale and use. Consumer packaging encompasses a wide range of materials, including paper, cardboard, plastic, glass, and metal, which are used to create various types of packaging, such as boxes, bottles, cans, pouches, and more.

The consumer packaging market is segmented by material (plastic [material type {polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, other material types}], [type {rigid plastic packaging, flexible plastic packaging}], paper [type {carton board, containerboard, linerboard, and other types}], glass, and metal [type {cans, caps, and closures, other types}]), end-user industry (food, beverage, pharmaceutical and healthcare, and cosmetics, personal care, and household care), and country (United Kingdom, Germany, France, Italy, Poland, and Rest of Europe). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.