Industry Statistics and Rankings
How does this industry perform in Lithuania compared to Europe?
Country Benchmarking
Industry Data Lithuania
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#25 In EuropeBusiness
#13 In EuropeEmployees
#22 In EuropeWages
#24 In EuropeRevenue 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.
Enterprises
Number of businesses in 2024
Biggest companies in the Packaging Services in Lithuania
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Packaging Services in Lithuania industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Packaging Services industry in Lithuania in 2024?
The market size of the Packaging Services industry in Lithuania is €31.4m in 2024.
How many businesses are there in the Packaging Services in Lithuania industry in 2024?
There are 277 businesses in the Packaging Services industry in Lithuania, which has grown at a CAGR of 9.6 % between 2019 and 2024.
Has the Packaging Services industry in Lithuania grown or declined over the past 5 years?
The market size of the Packaging Services industry in Lithuania has been declining at a CAGR of 9.8 % between 2019 and 2024.
What is the forecast growth of the Packaging Services industry in Lithuania over the next 5 years?
Over the next five years, the Packaging Services industry in Lithuania is expected to grow.
What does the Packaging Services in Lithuania include?
Cardboard and paper packaging and Plastic packaging are part of the Packaging Services industry.
How competitive is the Packaging Services industry in Lithuania?
The level of competition is moderate and steady in the Packaging Services industry in Lithuania.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Plastic Product Manufacturing in Lithuania
- Other Fabricated Metal Product Manufacturing & Metalworking Services in Lithuania
- Wooden Container Manufacturing in Lithuania
- Paper & Paperboard Packaging Manufacturing in Lithuania
International industries
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-TailorWhat's included in this industry?
Cardboard and paper packaging Plastic packaging Glass packaging Metal packagingCompanies
Industry Code
8292 - Packaging activities in Lithuania
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- 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
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Packaging Services in Lithuania industry?
Outlook
Analysis
What's driving the Packaging Services in Lithuania industry outlook?
Volatility
Analysis
What influences volatility in the Packaging Services in Lithuania industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Packaging Services in Lithuania 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.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Packaging Services in Lithuania industry's products and services performing?
Analysis
What are innovations in the Packaging Services in Lithuania industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Packaging Services in Lithuania industry?
International Trade
Highlights
- Total Imports into Lithuania
- Total Exports into Lithuania
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)
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.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Packaging Services in Lithuania located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
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.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Packaging Services in Lithuania 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.
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 Lithuania 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.
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