The global moisture-resistant packaging market is poised for robust growth, with projections indicating a CAGR of 4.5% over the forecast period from 2022 to 2032. According to a recent analysis by Future Market Insights (FMI), the market is set to expand from its 2022 valuation of USD 26.8 billion to an impressive USD 41.6 billion by 2032, creating an incremental growth opportunity of USD 14.8 billion.
Historical analysis reveals the market grew at a CAGR of 4.1% from 2017 to 2021, reaching USD 25.7 billion by the end of 2021. This steady growth has been driven by the increasing demand for safe and protective packaging solutions across diverse industries, including food & beverage, healthcare, electronics, and chemicals.
The adoption of moisture-resistant packaging is expected to intensify over the next decade, with the top three countries in the market collectively accounting for approximately 25-30% of the total demand by the end of 2022. The market’s value is projected to grow 1.6 times during the forecast period, driven by a significant surge in demand for protective packaging solutions.
Unlock Growth Potential and Explore Market Opportunities With Our Comprehensive Industry Overview. Request Your Sample Now
The moisture-resistant packaging market is expected to witness a significant transformation over the next decade, with a notable rise in adoption across emerging markets. The expansion of diverse industries such as food, electronics, chemical, and pharmaceutical will play a pivotal role in driving market growth.
Key Takeaways: Moisture-resistant Packaging Market
- The global moisture-resistant packaging market grew at a CAGR of 4.1% from 2017 to 2021, reaching USD 25.7 billion by the end of 2021.
- The USA is expected to hold around 82% of the market share in the North American moisture-resistant packaging market during the forecast period.
- The Mexico moisture-resistant packaging market is projected to grow 1.8 times its current market value during the forecast period.
- Plastic is expected to account for 35% of the global moisture-resistant packaging market by the end of 2032.
- The Food & Beverage segment is expected to grow at the highest CAGR of 5.2% from 2022 to 2032 within the moisture-resistant packaging market.
Challenges Faced by the Moisture-resistant Packaging Market
- Cost of Raw Materials: High-quality moisture-resistant packaging materials, such as specialty films and coatings, often come with a higher production cost, which can limit affordability for manufacturers and increase the price of end products.
- Environmental Impact: The use of synthetic materials for moisture resistance, such as plastic coatings or multi-layer films, raises concerns about sustainability and the growing need for eco-friendly, recyclable, or biodegradable packaging options.
- Regulatory Compliance: Packaging for specific industries, such as food and pharmaceuticals, is subject to stringent regulations regarding moisture resistance, safety, and material compatibility. Staying compliant with various international standards and certifications can be challenging for manufacturers.
- Technological Limitations: Developing moisture-resistant packaging that maintains its effectiveness over long periods without compromising product quality remains a significant challenge. Advanced technologies like smart packaging need to be more cost-effective and widely accessible.
- Consumer Demand for Transparency: As consumers become more aware of packaging materials, there is increasing pressure for manufacturers to provide transparency about the types of moisture-resistant materials used and their environmental impact, which can complicate product development and marketing.
Competitive Landscape
Key manufacturers of moisture-resistant packaging are expanding their presence, product portfolio, capacity, and resources to fulfill rising packaging demand in diverse locations. They are using techniques like as new product launches, mergers and acquisitions, collaborations, and facility expansions to achieve a competitive advantage in the market.
For instance,
- In October 2022, Amcor plc introduced the first high-barrier and recycled liquid pouches.
- In May 2022, Smurfit Kappa launched Techni Paper which is moisture-resistant packaging in nature with a lot of various properties such as flame retardant, slip-resistant, anti-static, and heat sealable properties.
Key Players
Amcor plc; Sonoco Products Company; Mondi Group; WestRock Company; Smurfit Kappa Group plc; DS Smith Plc; Constantia Flexibles Group GmbH; Berry Global Group, Inc.; Glenroy, Inc.; ProAmpac LLC; Winpak Limited; Ardagh Group; Ball Corporation; Crown Holding, Inc.; Nicholas Paper Products Company Inc.; International Paper Company; Stoelzle Glass Group; Vetropack Group; UFlex Ltd.; UPM Global
Moisture-resistant Packaging Industry by Category
By Material:
- Plastic
- Glass
- Metal
- Paper & Paperboard
By Packaging Type:
- Bags and Pouches
- Films
- Bottles & Jars
- Trays & Clamshells
- Others (Boxes, Cartons, etc.)
By End Use:
- Food & Beverage
- Pharmaceutical
- Electrical and Electronics
- Cosmetics & Personal Care
- Chemical & Fertilizer
- Others Consumer Goods
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights (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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
