| Label | USD Million |
|---|---|
| 2018 | 28950.3893582574 USD Million |
| 2019 | 29316.7542255221 USD Million |
| 2020 | 27094.2623101304 USD Million |
| 2021 | 26076.6148511365 USD Million |
| 2022 | 25996.7977833112 USD Million |
| 2023 | 25968.3616118903 USD Million |
| 2024 | 26042.2337084996 USD Million |
| 2025 | 26218.8813150498 USD Million |
| 2026 | 26474.1393310241 USD Million |
| 2027 | 26810.0456597924 USD Million |
| 2028 | 27523.6182011064 USD Million |
| 2029 | 28338.449949818 USD Million |
| 2030 | 29262.1069127582 USD Million |
| 2031 | 30254.7365436252 USD Million |
| 2032 | 31326.2579577406 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The UK packaging market is expected to register healthy growth over the forecast period 2018 to 2032, driven by the rising demand across industries such as food & beverages, pharmaceuticals, and cosmetics. According to market research and pricing forecasts, the packaging market in the UK is likely to increase by an average of 2.2% annually, reaching a total worth of USD 19.2 billion in 2032. An increasing population and rising disposable incomes across the UK have led to greater demand for convenience food, personal care items, and other consumer goods, which have significantly boosted the demand for various types of packaging. Furthermore, the development of the e-commerce industry in the UK is also expected to create opportunities for increased demand for cardboard boxes and other types of packaging solutions. In terms of packaging materials, the UK market is expected to be highly dominated by plastic packaging solutions in terms of value-share, with an expected CAGR of 1.9% throughout the forecast period. The acceptance and wide range of applications for plastic packaging has led to its accelerated growth in the UK market. Paper & paperboard packaging solutions are also expected to observe healthy growth over the forecast period.
However, metal packaging is expected to witness a decline in its share over the forecast period due to its relatively high prices. In terms of packaging application, food & beverages is expected to hold the largest share in the UK packaging market. This is due to the large volumes of food & beverages produced in the UK and the extensive development of the food industry nationwide. Increasing demand for convenience and on-the-go food options is also expected to drive the growth of this segment in the UK market. Overall, the UK packaging market is expected to witness sustained growth over the forecast period as demand for convenience and on-the-go food options continues to rise. Also, given the current consumer trends in the UK, the market is likely to be driven by strong demand across multiple industries such as food & beverages, pharmaceuticals, and cosmetics.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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