According to FMI forecasts, the global sales of packaging inserts, in terms of value, were estimated to be around US$ 2,249.1 million in 2022. According to FMI’s predictions, the market might increase at a 4.6% annual pace from 2023 to 2033. As a result, it is anticipated that sales of package inserts are estimated to expand promisingly over the next few years, hitting US$ 3,688.5 million by 2033.
The need for packaging inserts as well as packaging cushions that guarantee product safety, practicality, and aesthetic appeal has been rising across several industries. Also, End-user verticals, including food & beverage, consumer electronics, and personal care & cosmetics have fueled the market’s recent rapid expansion.
The demand for packaging inserts is expected to escalate further in the coming days with the growing need for effective packaging options that maintain the freshness of processed foods and convenience goods. Similarly, the need for packaging inserts has also increased for secure packaging of electrical gadgets during shipment and handling in the consumer electronics industry.
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The adoption of packaging inserts has also grown tremendously with the proliferation of e-commerce platforms and the consequent boom in online purchasing. Products need to be protected from moving and clashing within packaging by inserts to lower the risk of damage during transit.
Key Takeaways from the Packaging Inserts Market Study Report
- With 18.2% of the global market share for packaging inserts, the United States has a significant market share. This is due to the nation’s sizable customer base, thriving manufacturing industry, and the existence of significant packaging insert producers.
- 5.2% of the global demand for packaging inserts was accounted for by Germany in the year 2022.
- Between the years 2023 and 2033, the demand for packaging inserts in the United Kingdom is anticipated to expand at a CAGR of 2.3%.
- 6.4% of the global sales of packaging inserts in the year 2022 were contributed by Japan.
- Over the forecast years, packaging inserts production in China is projected to expand at a CAGR of 5.2%.
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Competitive Landscape for the Packaging Inserts Market Players
Leading manufacturers are famous for creating packaging inserts that address certain product needs and hold a sizable portion of the global market. Moreover, improvements in materials and manufacturing techniques to create inserts with improved performance and more customization possibilities are the prominent strategy to remain competitive. Also, there is a rising trend and need for eco-friendly or biodegradable packaging insert options as sustainability principles catch on across industries.
In March 2023, Domtar Company reported the beginning of its new Sustainable Packaging Inserts initiative. This new initiative provides producers with a selection of biodegradable and recycled packaging inserts, as well as inserts made of recycled materials. Following it, Sappi declared the beginning of its new Sustainable Packaging Inserts initiative in May 2023.
Recent Developments by the Packaging Inserts Manufacturing Industries
- In February 2023, Avery Dennison announced the introduction of a new digital labeling technology named Smart Label. Through the use of QR codes and NFC tags, it enables producers to give consumers additional details about their products.
- In April 2023, Mondi Group declared the debut of their innovative Intelligent Packaging Solutions. It is a collection of digital packaging technologies that enables producers to monitor and trace their goods as well as give customers more details about their goods.
Global Packaging Inserts Market by Category
By Product Type:
- Trays
- End Caps
- Sheets
By Material:
- Paper & Paperboard
- Plastic
- Foam
- Molded fiber
By End Use Industry:
- Food & Beverages
- Electrical & Electronics
- Automotive
- Healthcare
- Industrial
- Cosmetics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- The Middle East & Africa
- Oceania
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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