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Packaging Services in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 8292 April 2024 Spotlight Report

Revenue

€23.1bn

2019-2024 3.9 %
2024-2029 X.X %

Employees

200k

2019-2024 1.6 %
2024-2029 X.X %

Businesses

15,232

2019-2024 2.9 %
2024-2029 X.X %

Profit

€X.Xbn

2019-2024 XX.X %

Profit Margin

X.X%

2019-2024 X.X pp

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Packaging Services in Europe industry analysis

Revenue in the packaging services industry in Europe is anticipated to fall at a compound annual rate of 3.9% to €23.1 billion over the five years through 2024, contracting by an estimated 3.3% in 2024. High inflation during the three years through 2024 has forced the ECB to raise interest rates, which has squeezed household incomes and knocked business confidence. This has reduced demand for packaged products across Europe. Demand for packaging services has gone up, and developments in sustainable packaging have supported profit by making it recyclable and eco-friendly. Profit is anticipated to sit at 8.5% in 2024. Profit was hindered by supply chain disruptions caused by the COVID-19 outbreak and the Russian-Ukraine conflict, which sent supply costs soaring, constraining profit for packaging companies.

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Industry Statistics and Trends

Packaging Services in Europe key trends

Packaging service providers capitalise on companies outsourcing their needs to cut costs.

 

Companies are contracting out their labelling service to improve efficiencies and cut costs. Growth in e-commerce is boosting revenue.

Sustainability is a crucial focus of developments in packaging.

 

Companies across various industries are increasingly concerned with their environmental footprint, demanding that service providers offer sustainable and recyclable packaging.

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Packaging Services in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Packaging Services in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 3.9 % over the past five years, to reach an estimated €23.1bn in 2024.

Trends and Insights

Growth in e-commerce stimulates growth for packaging services

  • Retail and online sales across Europe continue to rise, accelerated by the COVID-19 outbreak, causing people to order more clothes and food online.

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Packaging Services in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Sustainable packaging will remain the main focus of the industry

  • Packaging services will continue diversifying their service offerings to cater for e-commerce packaging solutions that are sustainable and environmentally friendly.

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Revenue

€23.1bn

2019-2024 3.9 %
2024-2029 X.X %

Employees

200k

2019-2024 1.6 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 1.6 % *
  • Job Growth

Top 5 Countries

  1. Malta +15.4%
  2. Cyprus +9.1%
  3. Poland +7.3%
  4. Hungary +3.2%
  5. Ireland-11.1%

Bottom 5 Countries

  1. Sweden -12.7%
  2. Slovakia -11.9%
  3. Finland +1.7%
  4. Croatia +2.4%
  5. Luxembourg +3.0%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Packaging Services in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Amcor plc
13,910.3
2,234.5
16.1
Stora Enso Oyj
11,796.8
2,001.3
17.0
UPM-Kymmene Corporation Oyj
11,821.3
2,087.4
17.7

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Packaging Services in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Packaging Services industry in Europe in 2024?

The market size of the Packaging Services industry in Europe is €23.1bn in 2024. 

How many businesses are there in the Packaging Services in Europe industry in 2024?

There are 15,232 businesses in the Packaging Services industry in Europe, which has grown at a CAGR of 2.9 % between 2019 and 2024.

Has the Packaging Services industry in Europe grown or declined over the past 5 years?

The market size of the Packaging Services industry in Europe has been declining at a CAGR of 2.9 % between 2019 and 2024. 

What is the forecast growth of the Packaging Services industry in Europe over the next 5 years?

Over the next five years, the Packaging Services industry in Europe is expected to decline.

What are the biggest companies in the Packaging Services market in Europe?

The biggest companies operating in the Packaging Services market in Europe are Amcor plc, Stora Enso Oyj and UPM-Kymmene Corporation Oyj

What does the Packaging Services in Europe include?

Cardboard and paper packaging and Plastic packaging are part of the Packaging Services industry.

Which companies have the highest market share in the Packaging Services in Europe?

The company holding the most market share in Europe is Amcor plc.

Which countries have the most businesses in the Packaging Services industry in Europe?

The European country with the most businesses in the Packaging Services industry is Poland.

How competitive is the Packaging Services industry in Europe?

The level of competition is high and steady in the Packaging Services industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Companies in the industry primarily package client-owned material on a fee or contractual basis. They pack goods in items like bottles, cans, cartons, bags and containers. The industry also provides labelling and stamping services.

Related Terms

E-CommerceESGE-Tailor

What's included in this industry?

Cardboard and paper packaging Plastic packaging Glass packaging Metal packaging

Companies

Amcor plcStora Enso OyjUPM-Kymmene Corporation Oyj

Industry Code

ISIC 2006

8292 - Packaging activities in Europe

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Performance

Key Takeaways

Growth in e-commerce stimulates growth for packaging services

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Packaging Services in Europe industry (2011 -2029)
  • Employees in the Packaging Services in Europe industry (2011 -2029)
  • Business in the Packaging Services in Europe industry (2011 -2029)
  • Profit in the Packaging Services in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Packaging Services in Europe industry?


Outlook

Analysis

What's driving the Packaging Services in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Packaging Services in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Packaging Services in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Manufacturing demand has bounced back after a turbulent period exacerbated by the COVID-19 outbreak. Manufacturers across the pharmaceutical, food and beverage, chemicals and retail industry make up the largest market for packing services.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Packaging Services in Europe industry's products and services performing?

Analysis

What are innovations in the Packaging Services in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Packaging Services in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Customers want a range of packaging services. Some customers want sustainable or active packaging. Lots of larger packaging companies consolidate to expand their networks and grow their supply chains.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Amcor plc
  • Countries of operation for Stora Enso Oyj
  • Countries of operation for UPM-Kymmene Corporation Oyj
  • Countries of operation for Tetra Laval Group
  • Countries of operation for Mondi plc
  • Countries of operation for Krones AG
  • Countries of operation for Smurfit Kappa Group plc
  • Countries of operation for DS Smith plc
  • Countries of operation for Metsä Group
  • Countries of operation for Ardagh Group SA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Minimum volumes and weights are necessary to ensure safety, hygiene and acceptance. Packaging services must meet regulations and sustainability benchmarks, including how packages are designed, produced and marketed.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Packaging Services in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rising costs of packaging materials have restricted profit growth. The Russian-Ukraine conflict and the COVID-19 outbreak’s damage to economies throughout Europe have driven up costs of raw materials, which has constrained profit.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Packaging Services in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.