KBS - Packaging - Market Insight

WHICH FACTORS DRIVE GROWTH IN THE UK PACKAGING INDUSTRY? TECHNOLOGICAL ADVANCEMENTS Advancements in packaging technology are fostering growth in the packaging industry. This includes improvements in packaging machinery which allow faster, cheaper production, new material innovation and digitalisation. These advancements uncover new possibilities and markets. For example, digital printing enables economical customisation, which encourages brands to undertake more short-run or seasonal promotional packaging. For example, smart packaging features such as QR codes and NFC tags are becoming more common for consumer engagement. UK brands have added these features to create value and a better customer experience.. SUSTAINABILITY Heightened environmental awareness in the UK is reshaping packaging demand, driving growth for sustainable packaging solutions. Consumers and businesses alike are seeking recyclable, biodegradable or reusable packaging, leading to increased use of materials such as paper, glass and compostable bioplastics. This is further reinforced by government regulations and policy. The global sustainable packaging market size was valued at $272.93billion in 2023 and is expected to grow at a CAGR of 7.6% from 2024 to 2030.

Global Sustainable Packaging Market Size, by Material, 2020 - 2030 (USD Billion)

$272.9B

7.6% Global Market CAGR 2024 - 2030

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Source: www.grandviewresearch.com

Plastics

Paper & Paperboard

Metal

Glass