Overall, the global packaging market has developed steadily, with Asia becoming the world's largest packaging market, and the packaging markets in Africa, Asia, and Central and South America have large market opportunities. As an important part of the global packaging market, China continues to maintain a trillion-level market size. From a global perspective, paperboard is the packaging material with the largest market share. China's paper packaging industry revenue and exports will decline in 2023, but my country's per capita paper packaging consumption still has a large room for development compared with developed countries.

The global packaging market has developed steadily, with Africa, Asia, and Central and South America ranking at the forefront of market size growth. According to the Smithers Institute report, the global packaging market size in 2023 will be $1.17 trillion, and it is expected to maintain steady development in the next five years.
From the perspective of regional market size, in 2023, Asia will be the market with the largest share, with a size of $470 billion, and North America will rank second with a market size of $270 billion.
From the perspective of regional market growth rate, from 2023 to 2028, the annual compound growth rate of packaging market size in Africa, Asia, and Central and South America is expected to be at the forefront.
From the perspective of packaging material types, thanks to the green development trend of the printing and packaging industry, flexible plastics and paperboard are expected to become the packaging materials with the fastest sales growth in the next few years. Paperboard is still the packaging material with the largest market share, with a market size of US$373.8 billion in 2023, accounting for 31.8%.