Fit-to-Size Packaging Market

Global Fit-to-Size Packaging Market Size, Trends & Analysis - Forecasts to 2026 By Offering (Equipment & Machinery, Software, Services), By Industry (E-Commerce, Food, Manufacturing, Cosmetics, Wholesale & Retail, Healthcare, Others), By Region (North America, Asia Pacific, Europe, Middle East & Africa and Central & South America), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Trending Technology

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This report was recently updated on April 18 2024 with the latest and most recent market numbers

Fit-to-Size Packaging Market Insights

The global fit-to-size packaging market is projected to grow at a CAGR value of around 10.5% during the forecast period [2021 to 2026].

E-commerce has become an integral aspect of the global retail landscape in recent years. Since the internet's inception, the retail industry, like many others, has changed tremendously, and as a result of the growing digitalization of modern life, consumers from virtually every country today profit from the advantages of online purchases. The proliferation of online buyers grows every year as internet access and adoption grow at a rapid pace around the world. Roughly 2 billion people have made purchases online in 2020, with worldwide e-commerce revenues surpassing 4.2 trillion dollars as per the international chamber of e-commerce.

In the packaging sector, the term "fit-to-size" relates to packaging that uses as little space as possible while still preserving the contents. Customers gain from right-sizing because it improves their unboxing experience and initial impression of the product. Businesses benefit from right-sizing because it reduces costs and eliminates waste.

The demand for fit-to-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.

According to data compiled by Internetworldstats.com, roughly 5.05 billion individuals have access to the internet in some way or the other and have easy access to online retail business. Fit-to-size packaging is booming in emerging and undeveloped countries, primarily due to the continuous spread of the internet, increased consciousness of e-commerce, and rising consumer buying ability.

Sustainable packaging is universally desired, despite divergent viewpoints on sustainability in the United States and Europe. Fit-to-size encourages sustainability by lowering the use of plastics and foam while employing the smallest amount of materials possible, resulting in less wastage of chemicals.

COVID-19's 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.

Fit-to-Size Packaging Market: By Offering

Based on offering, the fit-to-size packaging market is segmented into equipment & machinery, software, services. The services segment is expected to have the largest share during the forecast period as it can be attributed to quickly evolving consumer preferences for e-shopping, as well as rapidly growing gen-z population. Fit-to-size packaging helps to avoid spills, spoiling, and evaporation during transit from the manufacturer to the display shelf, and also improves the convenience of use by ensuring cleanliness and uninterrupted use.

Retailers also want a better unboxing experience for customers, as well as more efficient packaging, not just to match consumer demand, but also to reduce waste, free up inventory space, and ensure safe delivery to end-users.

Fit-to-Size Packaging Market: By Industry

Based on industry, the market is segmented into e-commerce, food, manufacturing, cosmetics, wholesale & retail, healthcare, others. The e-commerce segment is expected to have the lion’s share in the market during the forecast period owing to increased internet saturation and smartphone-using population around the world, resulting in the development of 4G and 5G technology, which provides users with a continuous and seamless user experience.

In addition, right-size packaging is becoming more popular in the food industry. Consumer demand for packaged food is predicted to increase as a result of the faster pace of life and changing eating habits, among other factors. In the coming years, improved shelf-life, combined with increased efficiency in the prevention of content contamination, is likely to promote growth even further.

asia pacific fit-to-size packaging market

Fit-to-Size Packaging Market: By Region

As per the geographical analysis, the fit-to-size packaging market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America (the United States, Canada, and Mexico) will have a dominant share in the market from 2021 to 2026.

The astonishing growth of fit-to-size packaging in the United States can be attributed to technological innovation, sustainability concerns, and appealing economics. Consumer’s perceptions of and interactions with packages are changing. As the focus on sustainability intensifies, conventional packaging solutions are now being superseded with creative and more ecologically innovative packaging alternatives. Fit-to-size packaging is likely to become a viable and cost-effective solution as the market need for customer-friendly containers and enhanced product protection grows.

During the forecast period, the Asia-Pacific is estimated to be the fastest-growing region. The growing number of e-commerce shipments and larger consumer base are driving market growth in key countries such as India and China.

Fit-to-Size Packaging Market Share and Competitor Analysis

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

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 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

Chapter 2 Report Outlook

2.1 Fit-To-Size Packaging Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Offering Overview

2.1.3 Regional Overview

Chapter 3 Fit-To-Size Packaging Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

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, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Fit-To-Size Packaging Market, By Offering

4.1 Offering Outlook

4.2 Equipment & Machinery

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 Software

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

4.4 Services

4.4.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 Fit-To-Size Packaging Market, By Industry

5.1 Industry Outlook

5.2 E-commerce

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 Food

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

5.4 Manufacturing

5.4.1 Market Size, By Region, 2020-2026 (USD Billion)

5.5 Cosmetics

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

5.6 Wholesale & Retail

5.6.1 Market Size, By Region, 2020-2026 (USD Billion)

5.7 Healthcare

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

5.8 Others

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 Fit-To-Size Packaging Market, By Region

6.1 Regional outlook

6.2 North America

6.2.1 Market Size, By Country 2020-2026 (USD Billion)

6.2.2 Market Size, By Offering, 2020-2026 (USD Billion)

6.2.3 Market Size, By Industry, 2020-2026 (USD Billion)

6.2.4 U.S.

6.2.4.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.2.4.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.2.5 Canada

6.2.5.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.2.5.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.3 Europe

6.3.1 Market Size, By Country 2020-2026 (USD Billion)

6.3.2 Market Size, By Offering, 2020-2026 (USD Billion)

6.3.3 Market Size, By Industry, 2020-2026 (USD Billion)

6.3.4 Germany

6.3.4.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.3.4.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.3.5 UK

6.3.5.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.3.5.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.3.6 France

6.3.6.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.3.6.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.3.7 Italy

6.3.7.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.3.7.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.3.8 Spain

6.3.8.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.3.8.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.3.9 Russia

6.3.9.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.3.9.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.4 Asia Pacific

6.4.1 Market Size, By Country 2020-2026 (USD Billion)

6.4.2 Market Size, By Offering, 2020-2026 (USD Billion)

6.4.3 Market Size, By Industry, 2020-2026 (USD Billion)

6.4.4 China

6.4.4.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.4.4.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.4.5 India

6.4.5.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.4.5.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.4.6 Japan

6.4.6.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.4.6.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.4.7 Australia

6.4.7.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.4.7.2 Market size, By Industry, 2020-2026 (USD Billion)

6.4.8 South Korea

6.4.8.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.4.8.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.5 Latin America

6.5.1 Market Size, By Country 2020-2026 (USD Billion)

6.5.2 Market Size, By Offering, 2020-2026 (USD Billion)

6.5.3 Market Size, By Industry, 2020-2026 (USD Billion)

6.5.4 Brazil

6.5.4.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.5.4.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.5.5 Mexico

6.5.5.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.5.5.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.5.6 Argentina

6.5.6.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.5.6.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.6 MEA

6.6.1 Market Size, By Country 2020-2026 (USD Billion)

6.6.2 Market Size, By Offering, 2020-2026 (USD Billion)

6.6.3 Market Size, By Industry, 2020-2026 (USD Billion)

6.6.4 Saudi Arabia

6.6.4.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.6.4.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.6.5 UAE

6.6.5.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.6.5.2 Market Size, By Industry, 2020-2026 (USD Billion)

6.6.6 South Africa

6.6.6.1 Market Size, By Offering, 2020-2026 (USD Billion)

6.6.6.2 Market Size, By Industry, 2020-2026 (USD Billion)

Chapter 7 Company Landscape

7.1 Competitive Analysis, 2020

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

7.13 Other Companies

7.13.1 Company Overview

7.13.2 Financial Analysis

7.13.3 Strategic Positioning

7.13.4 Info-Graphic Analysis

The Global Fit-to-Size Packaging Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Fit-to-Size Packaging Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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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 10.5% during the forecast period [2021 to 2026].

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.