The waterproof packaging market is anticipated to thrive at an average CAGR of 3.4% between 2023 and 2033. The market is expected to have a market share of US$ 969.43 billion by 2033, while it is likely to be valued at US$ 693.92 billion in 2023.
· Sustainable, water and oilproof packaging solutions are revolutionizing the waterproof packaging industry. The new products with intensive care, precision, and packaging demand waterproof transportation solutions. Hence, higher connectivity and online product listing has also garnered market growth.
· The restoration of people traveling to places carrying their luggage and other belongings. New smart bags with waterproof coatings and packaging are also helping the market thrive at its optimum capabilities.
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· Some products, like food and beverages, electronics, and pharmaceutical goods, require waterproof solutions. Different materials, such as nature-friendly polymer and other recyclable waterproofing materials, are expected to increase the market traction.
· A wide range of end-user industries and companies scaling up their promotions through unique and more practical packaging is likely to propel market success. Alongside this, higher penetration of e-commerce platforms in emerging economies and other stages is expected to fuel the demand for waterproof packaging.
· Agricultural products all around the world also consume a major chunk of the market. The pesticides and other additives are also required to be covered with waterproof packaging solutions.
Key Points
1. The United States market leads the North American waterproof packaging market in terms of market share in North America. The United States held a healthy market share in 2022. The factors attributed to the growth are a new packaging line, big supply chain management with practical packaging, and the transportation of food and agricultural products.
2. The German waterproof packaging market held a healthy market share. The market growth is caused by higher exports and e-commerce companies setting up new warehouses and packaging lines in the region.
3. The Indian market thrives at a steady CAGR between 2023 and 2033. The growth is attributed to the higher economic activities, largely agricultural products, online sales, and other FMCG product sales.
4. Based on material type, the plastic material segment held the leading market share of 72% in 2022.
5. Based on end-user industry, the food and beverages segment lead as it thrived at a CAGR of 4.6% between 2023 and 2033
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Competitive Landscape
The key suppliers focus on targeting the e-commerce giants, delivering premium quality, etc. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
· CoolSeal USA has introduced Waterproof and Leakproof boxes with environmentally friendly, 100% recyclable, and durable boxes. The packaging boxes are expected to be 100% sustainable, hygienic, and certified for direct food contact.
· Berry Global Group has launched its polyken 820 MEGAGRIP permanent waterproof tape. The tape is hand-tearable and has environmental and moisture/water resistance.
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
· United States
· Canada
· Latin America
· Brazil
· Mexico
· Rest of Latin America
· Europe
· Germany
· United Kingdom
· France
· Spain
· Russia
· Rest of Europe
· Japan
· Asia Pacific Excluding Japan
· China
· India
· Malaysia
· Singapore
· Australia
· Rest of Asia Pacific Excluding Japan (APEJ)
· Middle East and Africa
· GCC Countries
· Israel
· South Africa
· Middle East and Africa (MEA)
About Future Market Insights Inc. (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.
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