The global waterproof packaging market is poised for steady growth, with an anticipated compound annual growth rate (CAGR) of 3.4% between 2023 and 2033. By 2033, the market is expected to reach a valuation of USD 969.43 billion, up from USD 693.92 billion in 2023, according to industry projections.
The surging demand for moisture-resistant solutions across industries, including food & beverages, electronics, and pharmaceuticals, is driving the adoption of waterproof packaging. These industries rely on waterproof materials to ensure product integrity during storage and transportation, making it an indispensable component of modern packaging solutions.
The expanding global packaging industry further supports the market’s growth, with emerging trends highlighting the increasing popularity of waterproof solutions. Top three countries are projected to hold 35–40% of the market share by the end of 2022, reflecting robust regional demand and manufacturing capabilities.
See How Things Have Changed: Access the Old Source for This Report!
Challenges Faced by the Waterproof Packaging Market
- Material Cost and Sourcing
High costs associated with advanced waterproof materials, such as specialized plastics or eco-friendly alternatives, can limit adoption and profitability for manufacturers. - Environmental Concerns
Increased demand for sustainable and biodegradable packaging has created pressure on manufacturers to reduce plastic usage, which can compromise waterproofing properties. - Technological Limitations
Developing innovative waterproof packaging that balances durability, functionality, and sustainability can require significant R&D investment, posing challenges for smaller players. - Regulatory Compliance
Strict environmental regulations and compliance requirements for packaging materials, especially for food and pharmaceuticals, can complicate production processes and increase costs. - Consumer Awareness and Education
Educating consumers about the benefits and necessity of waterproof packaging, particularly for non-traditional applications, remains a hurdle for market penetration.
Key Takeaways From the Waterproof Packaging Market:
- The global waterproof packaging market experienced a CAGR of 3.0% from 2018 to 2022.
- The German waterproof packaging market is projected to create a growth opportunity of USD 11.8 billion during the forecast period.
- The Indian waterproof packaging market is expected to grow to 1.7 times its current value during the forecast period.
- The plastic segment is anticipated to account for approximately 72% of the market value share by the end of 2033.
- The food & beverages segment is forecasted to grow at a CAGR of 4.7% from 2022 to 2032.
Competitive Landscape
The global waterproof packaging industry is very competitive due to the presence of several local and international market competitors. Key participants in this field are pursuing a variety of tactics, including innovation, mergers and acquisitions, expansion, collaborations, and partnerships.
For instance:
- In May 2022, Amcor plc invented a new technology called Amcor Powerpost, a vacuum-absorbing base technology. It delivers a lighter bottle with 30% energy reduction and 30% carbon saving over 20oz bottles today.
- In September 2021, Ball Corporation announced the opening of new production to manufacture beverage cans in Nevada, the USA, to support its long-term growth strategies.
- In June 2022, Two Sides introduced its water-resistant paper packaging with 100% recyclable and water-resistant material. The company has produced functional and sustainable packaging solutions for e-commerce operations.
Key Players
- CoolSeal USA
- Amcor plc
- Polycase
- Owens-Illinois Inc.
- Vetropack Group
- UFP Industrial
- Flex Films
- Dunmore Corporation
- Plaspack
- Alpha Packaging
- Graham Packaging
- Berry Global Group
- Tricor Braun
Key Segments Covered
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.)
Key Regions Covered:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- Middle East and Africa
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
