If you deal with wholesale packaging, then you already know how lucrative this business can be.

According to Metsa Group, the global market value of packaging was calculated at $1015 billion in 2020. Smithers’ research study shows that the market value of the packaging industry is expected to expand by almost 3% and reach $1.2 trillion by the end of 2028.

You can understand the profitability of a wholesale packaging business from the statistics above. However, the success of your business mainly depends on what type of packaging you choose to deal with.

We have crafted a list of the most profitable packaging types. You can choose any of the following packaging types to establish a successful wholesale packaging business:

• Plastic Boxes
• Paperboard Boxes
• Poly Bags
• Rigid Boxes
• Foil Sealed Bags
• Corrugated Boxes
• Chipboard Packaging
  
  

How to Choose a Perfect Packaging Wholesaler?

You should consider the following factors before choosing a wholesaler of packaging:

• Compare Rates: Before choosing a packaging wholesaler, it is important to ensure that you get your stock at the best prices. For this purpose, you should make a list of potential wholesalers and compare their prices to get the best-rated products.
  
  
• Environmental Friendly: Besides the quality of packaging, you should also check whether the packaging material is environmentally friendly or not. By getting the right material packaging items from the wholesaler, you will attract more customers. Not to mention your business will be doing its part in environmental sustainability.
  
  
• Secure Packaging: Packaging should be durable and secure to hold the contents safely inside. Ask the prospective packaging wholesalers if their items are safe or have tamper-evident seals. If not, then ask if they offer safety materials such as container seals, shrink wraps, poly straps, etc.
  
  

Is the packaging business profitable?

Yes, a packaging business can be quite profitable if you have dedication and the right knowledge of the market.

What is the future of packaging?

The future of packaging seems quite promising. Packaging is a billion-dollar industry, and it is expected to become a trillion-dollar market in the next decade.

How do I start a wholesale packaging business?

You can start a wholesale packaging business by following the steps given below:

• Conduct market research
• Choose a product industry
• Build a business plan
• Fulfill legal requirements
• Search for a reliable manufacturer
• Figure out the location and space
• Setup digital store
• Promote your business