Competitive Landscape of Advanced Packaging: 2024–2031 Developments
The global advanced packaging market , valued at USD 30.90 billion in 2023, is anticipated to grow from USD 33.00 billion in 2024 to USD 54.73 billion by 2031. This growth reflects a compound annual growth rate (CAGR) of 7.49% during the forecast period. The increasing demand for innovative packaging solutions across various industries, driven by technological advancements and sustainability concerns, is a key factor fueling this expansion. The advanced packaging market is experiencing remarkable growth, driven by technological advancements and increasing demand for innovative packaging solutions across various industries. This market encompasses a range of packaging technologies that enhance the performance, safety, and convenience of products. The significant growth of the advanced packaging market can be attributed to the growing demand for consumer electronics, pharmaceuticals, and food products that require specialized packaging to ensure product integrity and extend shelf...