Fit-to-Size Packaging Market Growing at a CAGR 10.3% [2022-2030]

Fit-to-Size Packaging Market Overview

The global Fit-to-Size Packaging Market is expected to grow rapidly at a 10.3% CAGR during the Forecast period of [2022-2030]

The trend of fit-to-product packaging is on the rise

Amazon, a start-up that began selling books online in 1994, has become a significant player in the CPG and SPA industries. With a market reach of 25 years, Amazon now has a value of $1 trillion and sends billions of packages annually, significantly contributing to product packaging demands in the US and globally.

Packaging manufacturers are exploring innovative solutions to meet the growing ecommerce needs and manage resources more effectively. They are developing efficient automation gear and innovative packaging solutions that reduce waste, save time, and conserve resources while maintaining high quality, such as fit-to-product packaging.

The evolution of product packaging has significantly impacted the industry.

Previously, consumer packaged goods were wrapped in perfectly square corrugated cartons, but not all products fit perfectly in a universal box. Providers had to keep a stock of different box sizes on hand to fulfill requests, which not only took up space but also consumed resources that could be used elsewhere.

The evolution of packaging vessels, including corrugated boxes, stand-up pouches, bioplastics, and paper, is driven by the need for efficient and sustainable solutions, but these options may not be suitable for every product form or size.

E-commerce has become a crucial part of the global retail landscape, with the rapid digitalization of modern life allowing consumers worldwide to benefit from online shopping. The International Chamber of Commerce predicts that by 2020, over 2 billion consumers will have made online purchases, with global e-commerce earnings exceeding 4.2 trillion dollars. This growth is due to the rapid spread of internet access and acceptance worldwide.

"Fit-to-size" packaging in the packaging industry involves packing that minimizes space while maintaining contents, benefiting customers by enhancing their unboxing experience and first impression, and businesses by reducing expenses and eliminating waste.

Urbanization and fast-paced lifestyles have increased the demand for fit-to-size packaging, leading to increased e-commerce purchases. Consumer awareness of eco-friendly packaging and sustainability is also driving the market to grow in the forecast period.

Around 5.05 billion people have internet access and are easily accessing the online retail industry. Fit-to-size packaging is expanding in developing countries due to internet growth, increased e-commerce awareness, and rising consumer purchasing power.

Sustainable packaging, like fit-to-size, is popular in the US and Europe due to its ability to reduce plastic and foam usage, use minimal ingredients, and minimize chemical waste.

>>> Download Sample Report Now: https://marketreportservice.com/request-sample/fit-to-size-packaging-market-54532

Market Dynamics

The fit-to-size packaging market is rapidly expanding due to the need for fewer packing materials, but high costs hinder their adoption. However, the ecommerce industry is expected to boost the market.

The evolution of product packaging has significant market implications

Box-on-demand packages offer several benefits, although not all packaging expenditures are wise, according to their proponents.

• Corrugate amount is reduced by 28%.
• A reduction in filler material of 80-90%
• 20-35% higher savings than traditional supplier chains
• Labor savings of up to 75% on dunnage, packing, carton sealing, and taping

Emerging trends in FtP packaging and other CPG business changes may prompt packaging specialists to adapt and keep up with manufacturers experimenting with these new ways.

The impact of COVID-19 on the fit-to-size packaging market has been significant

The COVID-19 pandemic has significantly impacted businesses like manufacturing and construction, leading to global containment measures like trade restrictions and factor shutdowns. This disrupted the supply chain in 2020. However, the industry stabilized in Q4 2020 when economies reopened and containment measures were loosened, allowing the industries to resume operations.

Market Segment Analysis

By Offering

The fit-to-size packaging market is divided into three categories: equipment & machinery, software, and services. The services segment is expected to dominate due to e-commerce trends and the gen-z demographic's growth. This packaging reduces spillage, spoilage, and evaporation during transit, improving user convenience and ensuring cleanliness.

Retailers aim to enhance customer unboxing experiences and use efficient packaging to meet consumer demands, reduce waste, free up inventory space, and ensure safe delivery to end users.

By Industry

The market is divided into various industries, including e-commerce, food, manufacturing, cosmetics, wholesale & retail, and healthcare. With the global internet saturation and smartphone usage, 4G and 5G technology are expected to provide a seamless user experience, making e-commerce the dominant segment in the forecast period.

Right-size packaging is gaining popularity in the food market due to rising consumer demand due to faster life pace and changing eating habits. Improved shelf-life and content contamination prevention efficiency are expected to drive further expansion in the future.

Competitive Landscape of the Fit-to-Size Packaging Market

• Packaging by Quadient
• ProShip Inc.
• Packsize
• Bell and Howell
• WestRock
• Insite Packaging Automation
• Crawford Packaging
• Boxify
• PSI Group
• International Paper

Recent Development in Fit-to-Size Packaging Market

Sparck Technologies is to be the new name for Packaging by Quadient, following the acquisition of Quadient’s Drachten based high-tech packaging business by Amsterdam investment company Standard Investment. The new owner of the advanced CVP Everest and CVP Impack automated fit-to-size packaging systems, is to invest and build upon the market leading technology that has revolutionised despatch packaging for some of the world’s largest retail and ecommerce businesses.

Smurfit Kappa and WestRock to combine, creating Smurfit WestRock, a global leader in sustainable packaging with unparalleled scale, quality, product and geographic diversity Combined last twelve months’ adjusted revenue and adjusted EBITDA as of 30 June 2023 of approximately $34 billion and $5.5 billion, respectively

Regional Insights

The fit-to-size packaging market is categorized into North America, Asia Pacific, Europe, Middle East & Africa, and Central & South America. It includes countries like the United States, Canada, Mexico, India, China, Japan, Malaysia, Singapore, Germany, the United Kingdom, Italy, France, Spain, Netherlands, Middle East & Africa, and Central & South America.

From 2023 to 2030, North America, including the United States, Canada, and Mexico, is expected to dominate the market.

Fit-to-size packaging in the US has grown significantly due to technological advancements, environmental concerns, and economic incentives. As consumer attitudes and interactions with packaged goods evolve, traditional packaging solutions are being replaced with eco-friendly alternatives. As demand for customer-friendly containers and increased product protection increases, fit-to-size packaging is expected to become a feasible and cost-effective solution.

The Asia-Pacific region is projected to experience the fastest growth, driven by increased e-commerce shipping and a larger consumer base in key countries like India and China.

Segments Covered in the Fit-to-Size Packaging Market

 Fit-To-Size Packaging Market, By Offering

• Offering Outlook
• Equipment & Machinery
• Software
• Services

   Fit-To-Size Packaging Market, By Industry

• Industry Outlook
• E-commerce 
• Food
• Manufacturing
• Cosmetics
• Wholesale & Retail
• Healthcare
• Others

   Fit-To-Size Packaging Market, By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions:

What is the projected market size of the global fit-to-size packaging market?

The global fit-to-size packaging market is projected to grow at a CAGR value of around 10.3% during the forecast period [2023 to 2030].

Who are the major vendors in the fit-to-size packaging market?

Packaging by Quadient, ProShip, Inc., Packsize, Bell and Howell, WestRock, Insite Packaging Automation, Crawford Packaging, Boxify, PSI Group, and International Paper, among others are the key players in the fit-to-size packaging market.

Which region has the highest market share in the fit-to-size packaging market?

The North American region is expected to hold the lion’s share in the fit-to-size packaging market.

What is the Covid-19 impact on future fit-to-size packaging manufacturers?

COVID-19s ongoing expansion has had a substantial influence on the fit to size packaging market as customers inclination towards online shopping was risen since most of the offline shops were closed. During the pandemic, consumer preferences changed dramatically as the demand for packing containers and cartons has surged as a result of the home delivery of food and consumer goods leading to a rise in fit-to-size packaging for consumer products.

What are the major drivers in the fit-to-size packaging market?

The demand for fit-size packaging has developed as a result of increasing urbanization and a fast-paced lifestyle that has encouraged consumers to buy goods, commodities, and other necessities via e-commerce channels. Moreover, the growing consumer awareness of environmentally friendly product packaging and sustainability is driving the market to grow at a massive rate during the forecast period.

1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

 2   Report Outlook

2.1    Fit-To-Size Packaging Industry Overview, 2022-2030

2.1.1    Industry Overview

2.1.2    Offering Overview

2.1.3    Regional Overview

 3   Fit-To-Size Packaging Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2022-2030

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Growing consumer awareness about environmental friendly product packaging and sustainability

3.3.2    Industry Challenges

3.3.2.1    Lack of awareness regarding sustainable packaging in third world countries

3.4    Prospective Growth Scenario

3.4.1    Offering Growth Scenario

3.4.2    Industry Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    Industry Overview

3.11    Market Share Analysis

3.11.1    Company Positioning Overview

 4   Fit-To-Size Packaging Market, By Offering

4.1    Offering Outlook

4.2    Equipment & Machinery

4.2.1    Market Size, By Region, 2022-2030 (USD Billion)

4.3    Software

4.3.1    Market Size, By Region, 2022-2030 (USD Billion)

4.4   Services

4.4.1    Market Size, By Region, 2022-2030 (USD Billion)

 5   Fit-To-Size Packaging Market, By Industry

5.1    Industry Outlook

5.2   E-commerce 

5.2.1    Market Size, By Region, 2022-2030 (USD Billion)

5.3    Food

5.3.1    Market Size, By Region, 2022-2030 (USD Billion)

5.4    Manufacturing

5.4.1    Market Size, By Region, 2022-2030 (USD Billion)

5.5    Cosmetics

5.5.1    Market Size, By Region, 2022-2030 (USD Billion)

5.6    Wholesale & Retail

5.6.1    Market Size, By Region, 2022-2030 (USD Billion)

5.7    Healthcare

5.5.1    Market Size, By Region, 2022-2030 (USD Billion)

5.8    Others

5.5.1    Market Size, By Region, 2022-2030 (USD Billion)

 6   Fit-To-Size Packaging Market, By Region

6.1    Regional outlook

6.2    North America

6.2.1    Market Size, By Country 2022-2030 (USD Billion)

6.2.2    Market Size, By Offering, 2022-2030 (USD Billion)

6.2.3    Market Size, By Industry, 2022-2030 (USD Billion)

6.2.4    U.S.

6.2.4.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.2.4.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.2.5    Canada

6.2.5.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.2.5.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.3    Europe

6.3.1    Market Size, By Country 2022-2030 (USD Billion)

6.3.2    Market Size, By Offering, 2022-2030 (USD Billion)

6.3.3    Market Size, By Industry, 2022-2030 (USD Billion)

6.3.4    Germany

6.3.4.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.3.4.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.3.5    UK

6.3.5.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.3.5.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.3.6    France

6.3.6.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.3.6.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.3.7    Italy

6.3.7.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.3.7.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.3.8    Spain

6.3.8.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.3.8.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.3.9    Russia

6.3.9.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.3.9.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.4    Asia Pacific

6.4.1    Market Size, By Country 2022-2030 (USD Billion)

6.4.2    Market Size, By Offering, 2022-2030 (USD Billion)

6.4.3    Market Size, By Industry, 2022-2030 (USD Billion)

6.4.4    China

6.4.4.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.4.4.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.4.5    India

6.4.5.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.4.5.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.4.6    Japan

6.4.6.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.4.6.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.4.7    Australia

6.4.7.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.4.7.2    Market size, By Industry, 2022-2030 (USD Billion)

6.4.8    South Korea

6.4.8.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.4.8.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.5    Latin America

6.5.1    Market Size, By Country 2022-2030 (USD Billion)

6.5.2    Market Size, By Offering, 2022-2030 (USD Billion)

6.5.3    Market Size, By Industry, 2022-2030 (USD Billion)

6.5.4    Brazil

6.5.4.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.5.4.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.5.5    Mexico

6.5.5.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.5.5.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.5.6    Argentina

6.5.6.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.5.6.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.6    MEA

6.6.1    Market Size, By Country 2022-2030 (USD Billion)

6.6.2    Market Size, By Offering, 2022-2030 (USD Billion)

6.6.3    Market Size, By Industry, 2022-2030 (USD Billion)

6.6.4    Saudi Arabia

6.6.4.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.6.4.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.6.5    UAE

6.6.5.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.6.5.2    Market Size, By Industry, 2022-2030 (USD Billion)

6.6.6    South Africa

6.6.6.1    Market Size, By Offering, 2022-2030 (USD Billion)

6.6.6.2    Market Size, By Industry, 2022-2030 (USD Billion)

 7   Company Landscape

7.1    Competitive Analysis

7.2    Packaging by Quadient

7.2.1    Company Overview

7.2.2    Financial Analysis

7.2.3    Strategic Positioning

7.2.4    Info-Graphic Analysis

7.3    ProShip, Inc.

7.3.1    Company Overview

7.3.2    Financial Analysis

7.3.3    Strategic Positioning

7.3.4    Info-Graphic Analysis

7.4    Packsize

7.4.1    Company Overview

7.4.2    Financial Analysis

7.4.3    Strategic Positioning

7.4.4    Info-Graphic Analysis

7.5   Bell and Howell

7.5.1    Company Overview

7.5.2    Financial Analysis

7.5.3    Strategic Positioning

7.5.4    Info-Graphic Analysis

7.6    WestRock

7.6.1    Company Overview

7.6.2    Financial Analysis

7.6.3    Strategic Positioning

7.6.4    Info-Graphic Analysis

7.7    Insite Packaging Automation

7.7.1    Company Overview

7.7.2    Financial Analysis

7.7.3    Strategic Positioning

7.7.4    Info-Graphic Analysis

7.8    Crawford Packaging

7.8.1    Company Overview

7.8.2    Financial Analysis

7.8.3    Strategic Positioning

7.8.4    Info-Graphic Analysis

7.9    Boxify

7.9.1    Company Overview

7.9.2    Financial Analysis

7.9.3    Strategic Positioning

7.9.4    Info-Graphic Analysis

7.10    PSI Group

7.10.1    Company Overview

7.10.2    Financial Analysis

7.10.3    Strategic Positioning

7.10.4    Info-Graphic Analysis

7.11    International Paper

7.11.1    Company Overview

7.11.2    Financial Analysis

7.11.3    Strategic Positioning

7.11.4    Info-Graphic Analysis

7.12    Panotec

7.12.1    Company Overview

7.12.2    Financial Analysis

7.12.3    Strategic Positioning

7.12.4    Info-Graphic Analysis

Research Methodology