Global Carded Packaging Market Size By Type (Thermoforming, Cold forming), By Application (Pharmaceutical, Toys), By Region, And Segment Forecasts, 2023 to 2032

The Global Carded Packaging Market was valued at USD 8.1 billion in 2023 and is projected to surpass USD 13.5 billion by 2031, registering a CAGR of 6.8% during the forecast period from 2023 to 2031. This market is witnessing robust growth driven by increasing demand for sustainable and visually appealing packaging solutions across various industries, including food & beverages, healthcare, and electronics. Carded packaging, known for its protective features and branding opportunities, is becoming a preferred choice among manufacturers and retailers.

Drivers:

Rising Demand for Sustainable Packaging: Growing environmental concerns and regulations are pushing manufacturers towards eco-friendly carded packaging materials.

Growth in E-commerce and Retail Sectors: The surge in online shopping and the need for protective yet lightweight packaging have bolstered the adoption of carded packaging.

Enhanced Branding Opportunities: Carded packaging offers ample space for branding and product information, driving its popularity among manufacturers.

Restraints:

High Production Costs: Advanced carded packaging solutions may involve higher costs, which could limit adoption among small-scale manufacturers.

Regulatory Challenges: Stringent packaging waste regulations in various regions pose a challenge to market expansion.

Opportunities:

Adoption of Biodegradable Materials: Innovations in biodegradable and recyclable materials for carded packaging are creating lucrative opportunities.

Expansion in Emerging Markets: Developing regions, particularly in Asia-Pacific and Latin America, are witnessing rapid growth in retail and e-commerce, boosting demand for carded packaging.

Market by System Type Insights:

The Blister Card Packaging segment dominated the market in 2023, driven by its cost-effectiveness and versatility in product presentation and protection. This segment is expected to maintain its dominance, supported by advancements in heat-sealing technologies.

Market by End-use Insights:

The Food & Beverage segment emerged as the largest revenue contributor in 2023, accounting for over 40% of the market share. The rising demand for attractive and secure packaging for snacks, confectioneries, and frozen products is driving growth in this segment.

Market by Regional Insights:

North America led the global carded packaging market in 2023, driven by high consumer awareness and demand for sustainable packaging solutions.

The Asia-Pacific region is expected to witness the highest growth rate during the forecast period, fueled by expanding e-commerce, retail markets, and growing urbanization.

Competitive Scenario:

Key players in the Global Carded Packaging Market include Amcor plc, Sonoco Products Company, WestRock Company, Placon Corporation, Clamshell Packaging, Inc., and Anchor Packaging, Inc.. Companies are focusing on innovative designs, sustainable materials, and strategic partnerships to strengthen their market position.

Scope of Work – Global Carded Packaging Market