Question
How big is the global packaging market?
Answer
The packaging industry is one of the largest manufacturing sectors in the world. The global packaging market was valued at roughly $1.05 trillion in 2024 according to Smithers, with projections placing it above $1.2 trillion by 2028.
- 2024 value: about $1.05 trillion (Smithers).
- 2028 projection: above $1.2 trillion.
- Growth drivers: ecommerce, food delivery, and rising demand for sustainable materials.
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