The waterproof packaging market is expected to increase from US$ 671.1 billion in 2022 to US$ 950.9 billion by 2032, growing at a 3.5% CAGR over that time. The market for waterproof packaging is expanding as a result of rising demand for protective packaging solutions across sectors like food and beverage, electronics, and pharmaceutical.
Industries have used waterproof packaging as a result of the growing necessity to safeguard and preserve the quality of the commodity for a longer period of time. They are able to stop moisture from entering the shipments by using this kind of packing.
A superior product is produced as a result of the waterproof packaging’s assistance in protecting the product at any temperature. Industries like food and beverage, electronics, and cosmetics are increasingly using it to safeguard delicate goods. Therefore, the swift development of these sectors would eventually spur the market for waterproof packaging during the ensuing years.
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For the creation of waterproof packaging, various materials are used. Due of its low cost and water resistance packaging, plastic is the material type that manufacturers utilise the most frequently.
Key Takeaways from the Waterproof Packaging Market
- Based on material, the plastic waterproof packaging segment is estimated to capture a market share of 71% by the end of 2022.
- By end use, the food & beverages segment is estimated to remain the leading segment, generating an incremental opportunity of around US$ 88 Bn during the forecast period.
- The U.S. waterproof packaging market is expected to reach US$ 171 Bn by 2032.
- The waterproof packaging market in Germany is anticipated to create a growth opportunity of US$ 11.8 Bn during the forecast period.
- Indian waterproof packaging market is likely to expand at a CAGR of 5.2% between 2022 and 2032.
“Meteoric rise in demand for airtight & vacuum-packed packaging solutions across the world along with booming sales of pharmaceutical and food products is likely to boost the demand for waterproof packaging”, – says FMI analyst
Tremendous Growth in Food & Beverages Industry Bolsters Waterproof Packaging Sales
The rising product line of various food and beverage manufacturers propels the market for waterproof packaging. As packaged food and beverages are becoming an essential part of modern-day consumer bases, sales of waterproof packaging are set to accelerate at a steady pace across the world.
All the food products need to be packed in appropriate packaging solutions, which preserves the taste, quality, and freshness till consumption. Waterproof packaging has become mandatory to maintain the shelf life of food and beverages for a longer duration without any spilling or damage. In fact, it is viewed as a safe and preferred packaging option by globally renowned food brands.
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Extensive Use of Waterproof Packaging in Cosmetic & Personal Care Industry Boosts Market
The waterproof packaging is underpinned by the positive growth of the cosmetic and personal care sector. Glass material is often used in cosmetic and personal care products as it can be an excellent choice for luxury or high-end cosmetic products. Due to this reason, it enhances the attractiveness and crystalline appearance.
Glass packaging products are available in transparent, frosted, and tinted finishes, which are specially used for packaging perfume and personal care products. Additionally, people started becoming more aware of daily care products, which leads to growing sales of cosmetic and personal care products. A variety of newly developed cosmetic products are available in the world, which require to be packed and distributed with utmost care which raises the market growth for waterproof packaging.
Who is Winning?
The key players in the waterproof packaging market are CoolSeal USA, Amcor plc, Polycase, Owens-Illinois Inc., Ball Corporation, Vetropack Group, UFP Industrial, Fkex Films, Dunmore Corporation, and Berry Global Group.
Some of the other noticeable players in the market include Plaspack, Alpha Packaging, Graham Packaging, Tricor Braun, Saverglass, DK Group Inc., Foshan tengkai packing material Co., Ltd., Weigand Glas, and others.
Most of these waterproof packaging manufacturers are focused on introducing new packaging solutions with eco-friendly and durable features. Besides this, they are adopting strategies such as partnerships, mergers, and acquisitions to expand their global footprint.
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Waterproof Packaging Market by Category
By Material:
- Plastic
- Metal
- Glass
By Packaging Type:
- Boxes
- Films
- Bags & Pouches
- Trays
- Others (Bottles, etc.)
By End Use:
- Food & Beverages
- Pharmaceutical
- Electrical & Electronics
- Cosmetic & Personal Care
- Others (Chemicals, Agriculture, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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