Global sales of packaging laminates are estimated to be valued at US$ 6,336.3 million in 2024. Sales are anticipated to reach US$ 9,694.9 million by 2034.The market is projected to expand at a CAGR of 4.3% over the forecast period between 2024 and 2034. Revenue generated by packaging laminates in 2023 was US$ 6,118.4 million.
The market is anticipated to exhibit a y-o-y growth of 3.6% in 2024. Plastic laminates are projected to lead the market with 3/4th of the value share in 2024. Aluminum foil, on the other hand, is anticipated to expand at 4.6% CAGR during the assessment period.
Flexible laminate rolls & pouches that fall into the 30 to 45-micron segment are set to capture 1/4th of the share in terms of value, expanding 1.4 times its current value over the evaluation period. Packaging laminates are expected to be significantly used in the food and beverage industry. The food and beverage industry is anticipated to create an incremental revenue opportunity of US$ 1,199 million between 2024 and 2034.
Packaging laminates are expected to experience lucrative growth during the forecast period. These are projected to generate an incremental growth opportunity of US$ 1,341 million and expand 1.5x times the current market value from 2024 to 2034.
Key Packaging Laminate Market Attributes
| Attributes | Key Insights |
|---|---|
| Packaging Laminate Market Size, 2023 | US$ 6,118.4 million |
| Estimated Packaging Laminate Market Size, 2024 | US$ 6,336.3 million |
| Projected Packaging Laminate Market Size, 2034 | US$ 9,694.9 million |
| Value-based CAGR (2024 to 2034) | 4.3% |
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The global packaging laminate market recorded a CAGR of 1.7% during the historical period. It attained a market value of US$ 6,118.4 million in 2023 from US$ 5,728.3 million in 2019.
| Historical CAGR (2018 to 2023) | 1.7% |
|---|---|
| Historical Value (2023) | US$ 6,118.4 million |
Packaging laminates are set to be extensively used in the food industry. Continuous expansion of the food industry is likely to be driven by increasing consumption of packaged food, which is contributing to market growth.
Food packaging laminated films serve different purposes. The packaging improves the strength of the material and makes it highly resistant to tear & external damage. Packaging laminates also protect the packaged products during shipping and distribution processes. These are anticipated to help protect several food products against external factors and maintain freshness & aroma.
The flexible packaging industry is projected to experience high demand in the forecast period, which is further contributing to increasing packaging laminate sales. Foil laminated pouches are made of composite materials, which are helpful in cases where a single material cannot fulfill the purpose of protection for a long period.
Laminated aluminum foil packaging solutions with two or more layers are gaining momentum as these provide better performance and are ideal for packaging sensitive materials. There are different types of lamination films available in the market, such as cold lamination films, thermal lamination films, BOPP lamination films, and PET lamination films. Key companies are launching novel types, which are influencing the packaging laminate market.
Increasing Use of Flexible Packaging Solutions in End-use Industries
Conventionally, consumers prefer rigid packaging solutions that have high barrier properties and reliability. Glass and metal are the most commonly used materials in rigid packaging. They are known for their high barrier properties, irrespective of shelf-life requirements.
Such types of packaging are prone to breakage and corrosion. As the packaging industry evolved, packaging manufacturers started incorporating these characteristics in flexible packaging formats. Leading packaging manufacturers have already shifted their focus toward flexible laminated packaging pouches owing to their lightweight, flexibility, and durability benefits.
Increasing investments in research & development activities by packaging manufacturers are set to result in the creation of new flexible packaging solutions. These are likely to provide longer shelf life and convenient user experience to consumers.
Laminated cardboard packaging solutions are frequently used to design and manufacture a wide range of flexible packaging applications. These are expected to find usage in industries such as food, pharmaceuticals, and cosmetics & personal care.
Use of laminated poly pouches is limited to packing and storing a variety of food and non-food products, as these provide excellent oxygen and moisture barriers along with long shelf life. Rising adoption of flexible packaging solutions in these industries to ensure the best protection for items contributes to significant growth in the market.
Emergence of Innovative and Convenience-oriented Solutions for Consumer Goods
Laminated food packaging solutions offer a broad range of packaging as well as wrapping color options with different barrier and sealing properties. These properties not only provide flexibility in design but also enhance product safety and visibility compared to others.
The glossy, shiny look of laminated foil packaging enhances the marketing impact of the packaging of products. Also, it has high shelf attractiveness due to its distinct metallic and glossy finish, which offers the opportunity to make brands stand out. Compared to conventional rigid packaging solutions, flexible packaging solutions made from packaging laminates can be converted into versatile end products with customizable add-on features.
Consumer convenience is one of the most important attributes of flexible packaging from the end consumers’ point of view. However, brand visibility, attractive packaging, and shelf life are some of the priorities for brand owners.
It has been found in individual surveys that consumers are willing to pay more for additional features such as ‘easy to store,’ ‘easy to open,’ and ‘ability to extend product life.’ These factors are expected to escalate growth of the global packaging laminate market during the assessment period.
Principal Consultant
| Particular | Value CAGR |
|---|---|
| H1 | 4.6% (2023 to 2033) |
| H2 | 3.9% (2023 to 2033) |
| H1 | 3.7% (2024 to 2034) |
| H2 | 4.4% (2024 to 2034) |
The section below scrutinizes the CAGRs of several segments in the packaging laminate market. By material, the plastic segment is set to witness a 4.3% CAGR from 2024 to 2034. Based on packaging format, the pouch segment is likely to showcase a CAGR of 3.8% through 2034.
| Material | Plastic |
|---|---|
| Value CAGR (2024 to 2034) | 4.3% |
| Material | Aluminum Foil |
|---|---|
| Value CAGR (2024 to 2034) | 4.6% |
Plastic laminates are suitable across a broad range of industries, which makes them versatile. Hence, these are extensively used in the food & beverage industry.
The ability of plastic laminates to protect food products against several external conditions is anticipated to drive demand. These laminates also enable the printing of vibrant colors and designs, which helps in branding and promotions.
Flexible laminated pouches made of plastic are anticipated to gain almost 3/4th of market share by 2034. The segment is projected to expand 1.5 times its current market value in the next decade. On the other hand, increased focus on sustainability is expected to propel the application of aluminum laminates, which are anticipated to record a 4.6% CAGR during the forecast period.
| Packaging Format | Pouches |
|---|---|
| Value CAGR (2024 to 2034) | 3.8% |
| Packaging Format | Bags |
|---|---|
| Value CAGR (2024 to 2034) | 5.3% |
Pouch is the leading packaging format in the packaging laminate industry, with more than 1/3rd of the value share. It is expected to reach a valuation of around US$ 3,298.8 million by 2034.
Laminated stand up pouches are mainly used as they provide user-friendly features, allow portion control, and are light in weight. Their versatility allows them to hold products such as powders, liquids, granules, and solids. Due to this property, they are expected to be adopted in the food industry. Bags, on the other hand, are likely to expand at 5.3% CAGR during the evaluation period.
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The table below shows the predicted growth rates of leading countries in the packaging laminate market. India, South Africa, and China are anticipated to record high CAGRs of 7.2%, 5.5%, and 5.0%, respectively, through 2034.
| Countries | Value (CAGR) |
|---|---|
| United States | 2.0% |
| Canada | 3.0% |
| Brazil | 3.7% |
| Mexico | 3.3% |
| Germany | 0.9% |
| France | 1.2% |
| United Kingdom | 1.1% |
| China | 5.0% |
| India | 7.2% |
| Japan | 3.7% |
| KSA | 4.3% |
| South Africa | 5.5% |
Food Export Association of the Midwest USA reported that Canada's economy is projected to expand at a moderate rate during the forecast period. The country has a 14.1% share in the United States in terms of food and agriculture product exports. It accounts for US$ 177 billion.
In terms of processed food exports, Canada took the top position with US$ 14 billion in 2021. Since packaging laminates have a high share in the food industry, Canada is expected to contribute US$ 75.3 million in revenue during the forecast period and capture a 22.5% share by 2034.
Packaging laminates are prominently used in the pharmaceutical industry as companies require the safety and production of top-quality items. As per the Association of the British Pharmaceutical Industry (ABPI), the United Kingdom’s pharmaceutical industry has a turnover of US$ 44.5 billion.
The country invested about US$ 5.4 billion in research & development in the pharmaceutical industry. The industry is going through continuous development with increasing clinical trials. The evolving pharma industry amid a growing need for premium healthcare in the United Kingdom contributes to high demand for solventless lamination.
Leading players in the market are developing and launching new products to woo more clients. They are integrating with different firms and expanding their geographical presence.
They are also collaborating and partnering with brands & stakeholders for new product development. Recent activities and developments implemented by leading players in the market are:
The packaging laminate market is set to rise at a CAGR of 4.3%.
The packaging laminate market size was around US$ 6,118.4 million.
In 2034, the packaging laminate market is anticipated to reach US$ 9,694.9 million.
Growing demand for protective and barrier packaging properties from the food industry.
Amcor Plc, Berry Global Inc., Mondi Plc, and Constantia Flexibles.
Thermal lamination films and cold lamination films.
Scuff-proof, silk type, matte, and glossy.
It is used to provide flexible packaging with high strength and barrier properties.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Future Market Insights (FMI) Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Packaging Format Innovation / Development Trends
4. Key Success Factors
4.1. Packaging Format Adoption / Usage Analysis
4.2. Packaging Format USPs / Features
4.3. Strategic Promotional Strategies
4.4. Go-to-market Strategies
5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
5.1. Historical Market Volume (tons) Analysis, 2019 to 2023
5.2. Current and Future Market Volume (tons) Projections, 2024 to 2034
5.3. Y-o-Y Growth Trend Analysis
6. Global Market - Pricing Analysis
6.1. Country Wise Pricing Analysis By Material
6.2. Regional Pricing Analysis By Material
6.3. Global Average Pricing Analysis Benchmark
7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034
7.1. Historical Market Value (US$ million) Analysis, 2019 to 2023
7.2. Current and Future Market Value (US$ million) Projections, 2024 to 2034
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Global Packaging Market Overview
8.2. In-house vs Contract Manufacturing Market Overview for Packaging Laminates
8.3. Macro-Economic Factors
8.4. Forecast Factors - Relevance & Impact
8.5. Value Chain Analysis
8.5.1. Exhaustive List of Raw Material Suppliers
8.5.2. Exhaustive List of Packaging Laminates Manufacturers
8.5.3. Exhaustive List of End-users /Customers
8.6. Case-based Scenario – Impact Assessment
8.6.1. Current Statistics
8.6.2. Short-Mid-Long Term Outlook
8.6.3. Likely Rebound
8.7. Market Dynamics
8.7.1. Drivers
8.7.2. Restraints
8.7.3. Opportunity Analysis
8.8. Supply Demand Analysis
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material
9.1. Historical Market Size (US$ million) and Volume (tons) Analysis, By Material, 2019 to 2023
9.2. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Material, 2024 to 2034
9.2.1. Aluminum Foil
9.2.2. Paper & Paperboard
9.2.3. Plastic
9.2.3.1. PP
9.2.3.2. PE
9.2.3.3. PET
9.2.3.4. PA
9.2.3.5. Others (EVOH and PVC)
9.3. Market Attractiveness Analysis, By Material
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Thickness
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By Thickness, 2019 to 2023
10.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Thickness, 2024 to 2034
10.3.1. Up to 30 Microns
10.3.2. 30 to 45 Microns
10.3.3. 45 to 60 Microns
10.3.4. Above 60 Microns
10.4. Market Attractiveness Analysis, By Thickness
11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Packaging Format
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By Packaging Format, 2019 to 2023
11.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Packaging Format, 2024 to 2034
11.3.1. Films
11.3.2. Pouches
11.3.3. Tubes
11.4. Market Attractiveness Analysis, By Packaging Format
12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-use
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By End-use, 2019 to 2023
12.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By End-use, 2024 to 2034
12.3.1. Food & Beverages
12.3.2. Healthcare & Pharmaceuticals
12.3.3. Beauty & Personal Care
12.3.4. Homecare & Hygiene
12.3.5. Others (Personal Protective Equipment & Pet Care)
12.4. Market Attractiveness Analysis, By End-use
13. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ million) and Volume (tons) Analysis, By Region, 2019 to 2023
13.3. Current and Future Market Size (US$ million) and Volume (tons) Analysis and Forecast, By Region, 2024 to 2034
13.3.1. North America
13.3.2. Latin America
13.3.3. East Asia
13.3.4. South Asia Pacific
13.3.5. Western Europe
13.3.6. Eastern Europe
13.3.7. Middle East and Africa
13.4. Market Attractiveness Analysis, By Region
14. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction / Key Findings
14.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023
14.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. United States
14.3.1.2. Canada
14.3.1.3. Mexico
14.3.2. By Material
14.3.3. By Thickness
14.3.4. By Packaging Format
14.3.5. By End-use
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Material
14.4.3. By Thickness
14.4.4. By Packaging Format
14.4.5. By End-use
15. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction / Key Findings
15.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023
15.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. Brazil
15.3.1.2. Chile
15.3.1.3. Peru
15.3.1.4. Rest of Latin America
15.3.2. By Material
15.3.3. By Thickness
15.3.4. By Packaging Format
15.3.5. By End-use
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Material
15.4.3. By Thickness
15.4.4. By Packaging Format
15.4.5. By End-use
16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction / Key Findings
16.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023
16.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Material
16.3.3. By Thickness
16.3.4. By Packaging Format
16.3.5. By End-use
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Material
16.4.3. By Thickness
16.4.4. By Packaging Format
16.4.5. By End-use
17. South Asia & Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction / Key Findings
17.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023
17.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. India
17.3.1.2. ASEAN
17.3.1.3. Australia & New Zealand
17.3.2. By Material
17.3.3. By Thickness
17.3.4. By Packaging Format
17.3.5. By End-use
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Material
17.4.3. By Thickness
17.4.4. By Packaging Format
17.4.5. By End-use
18. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
18.1. Introduction / Key Findings
18.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023
18.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034
18.3.1. By Country
18.3.1.1. Germany
18.3.1.2. France
18.3.1.3. Spain
18.3.1.4. Italy
18.3.1.5. United Kingdom
18.3.1.6. BENELUX
18.3.1.7. Nordics
18.3.1.8. Rest of Western Europe
18.3.2. By Material
18.3.3. By Thickness
18.3.4. By Packaging Format
18.3.5. By End-use
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Material
18.4.3. By Thickness
18.4.4. By Packaging Format
18.4.5. By End-use
19. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
19.1. Introduction / Key Findings
19.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023
19.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034
19.3.1. By Country
19.3.1.1. Russia
19.3.1.2. Hungary
19.3.1.3. Poland
19.3.1.4. Balkan & Baltic Countries
19.3.1.5. Rest of Eastern Europe
19.3.2. By Material
19.3.3. By Thickness
19.3.4. By Packaging Format
19.3.5. By End-use
19.4. Market Attractiveness Analysis
19.4.1. By Country
19.4.2. By Material
19.4.3. By Thickness
19.4.4. By Packaging Format
19.4.5. By End-use
20. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
20.1. Introduction / Key Findings
20.2. Historical Market Size (US$ million) and Volume (tons) Analysis by Market Taxonomy, 2019 to 2023
20.3. Current Market Size (US$ million) and Volume (tons) Analysis and Forecast by Market Taxonomy, 2024 to 2034
20.3.1. By Country
20.3.1.1. KSA
20.3.1.2. UAE
20.3.1.3. Other GCC Countries
20.3.1.4. Turkiye
20.3.1.5. Israel
20.3.1.6. Egypt
20.3.1.7. South Africa
20.3.1.8. Other South Africa Union
20.3.1.9. Rest of Middle East & Africa
20.3.2. By Material
20.3.3. By Thickness
20.3.4. By Packaging Format
20.3.5. By End-use
20.4. Market Attractiveness Analysis
20.4.1. By Country
20.4.2. By Material
20.4.3. By Thickness
20.4.4. By Packaging Format
20.4.5. By End-use
21. Country wise Market Analysis 2024 & 2034
21.1. Pricing Analysis
21.2. Cross Section Analysis
21.3. United States Market Analysis
21.3.1. By Material
21.3.2. By Thickness
21.3.3. By Packaging Format
21.3.4. By End-use
21.4. Canada Market Analysis
21.4.1. By Material
21.4.2. By Thickness
21.4.3. By Packaging Format
21.4.4. By End-use
21.5. Brazil Market Analysis
21.5.1. By Material
21.5.2. By Thickness
21.5.3. By Packaging Format
21.5.4. By End-use
21.6. Mexico Market Analysis
21.6.1. By Material
21.6.2. By Thickness
21.6.3. By Packaging Format
21.6.4. By End-use
21.7. Germany Market Analysis
21.7.1. By Material
21.7.2. By Thickness
21.7.3. By Packaging Format
21.7.4. By End-use
21.8. United Kingdom Market Analysis
21.8.1. By Material
21.8.2. By Thickness
21.8.3. By Packaging Format
21.8.4. By End-use
21.9. Spain Market Analysis
21.9.1. By Material
21.9.2. By Thickness
21.9.3. By Packaging Format
21.9.4. By End-use
21.10. France Market Analysis
21.10.1. By Material
21.10.2. By Thickness
21.10.3. By Packaging Format
21.10.4. By End-use
21.11. China Market Analysis
21.11.1. By Material
21.11.2. By Thickness
21.11.3. By Packaging Format
21.11.4. By End-use
21.12. Japan Market Analysis
21.12.1. By Material
21.12.2. By Thickness
21.12.3. By Packaging Format
21.12.4. By End-use
21.13. India Market Analysis
21.13.1. By Material
21.13.2. By Thickness
21.13.3. By Packaging Format
21.13.4. By End-use
21.14. Australia & New Zealand Market Analysis
21.14.1. By Material
21.14.2. By Thickness
21.14.3. By Packaging Format
21.14.4. By End-use
21.15. GCC Countries Market Analysis
21.15.1. By Material
21.15.2. By Thickness
21.15.3. By Packaging Format
21.15.4. By End-use
21.16. South Africa Market Analysis
21.16.1. By Material
21.16.2. By Thickness
21.16.3. By Packaging Format
21.16.4. By End-use
22. Market Structure Analysis
22.1. Market Analysis by Tier of Companies
22.2. Market Share Analysis of Top Players
22.3. Market Presence Analysis
23. Competition Analysis
23.1. Competition Dashboard
23.2. Competition Benchmarking
23.3. Competition Deep Dive/ Portfolio Analysis(Global Based/Operating Key Market Players)
23.3.1. Amcor Plc
23.3.1.1. Overview
23.3.1.2. Packaging Format Portfolio
23.3.1.3. Profitability by Market Segments (Packaging Format/Material/Region)
23.3.1.4. Sales Footprint
23.3.1.5. Strategy Overview
23.3.2. Berry Global Inc.
23.3.3. Mondi Plc
23.3.4. Pro Ampac LLC
23.3.5. Constantia Flexibles Group
23.3.6. Coveris Packaging
23.3.7. Andpak Inc.
23.3.8. Montebello Packaging Inc.
23.3.9. Elitefill Inc.
23.3.10. Kimac Industries
23.3.11. C-P Flexible Packaging
23.3.12. Aaron Thomas Company, Inc.
23.3.13. Sonic Packaging Industries Inc.
23.3.14. Aluflexpack Ag
23.3.15. IBR Packaging Inc.
23.3.16. RCP Ranstadt Gmbh
23.3.17. Epac Holdings LLC
23.3.18. Multi Pack Solutions
23.3.19. MINIPAK S.R.O
23.3.20. UNIFLEX PACKAGING
*The above list is indicative in nature and is subject to change during the course of research
24. Assumptions and Acronyms Used
25. Research Methodology
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Packaging Laminate Market
