Distribution of global packaging materials market volume in 2020, by material type
In 2020 the global packaging materials market volume was distributed across various material types. Fiber, which includes materials such as paper and cardboard, dominated the market by representing a 33 percent share of the total global packaging materials market volume. Following fiber, flexible plastic held the second-largest share of the market volume at 26 percent. Flexible plastic packaging is popular due to its versatility, lightweight nature, and cost-effectiveness. It is extensively used in food packaging, as it can easily be molded into various shapes and sizes.