Food Packaging Industry | Forecast 2030
Food Packaging Industry Data Book Covers Flexible Food Packaging, Fresh Food Packaging, Food Container and Micro-perforated Food Packaging Markets.
The economic value generated by the food packaging industry was estimated at approximately USD 346.5 billion in 2021.
Grand View Research’s food packaging industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.
Fresh Food Packaging Market Insights
The global fresh food packaging market size was estimated at USD 123.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028.
The rigid fresh food packaging segment emerged as the largest type segment in the year 2020 and accounted for the largest revenue share of 52.4%. Rigid solutions provide stronger support to the goods that are packed with firm bases and barrier walls. Products packed in a rigid type of packaging are easy to ship from one place to another without damaging the content owing to the sturdy structure of the packaging.
The plastic material segment dominated the market for fresh food packaging and accounted for the largest revenue share of 37.2% in 2020 owing to its low cost, durability, and abundant availability. Packaging with plastic provides an efficient moisture barrier to the contents. Similarly, clear, and transparent containers or films are in demand as they enable end-users to easily identify the content as well as to check the product quality leading to high market share.
The dairy products segment dominated the fresh food packaging market and accounted for the largest revenue share of 39.3% in 2020. As per the report, ‘OECD‑FAO Agricultural Outlook 2018–2027on Dairy and Dairy Products’, fresh dairy products held the largest share of milk and dairy product consumption accounting for 50.0% of total milk production across the globe.
Access the Global Food Packaging Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Food Container Market Insights
The global food container market size was valued at USD 145.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028.
The plastic segment led the market in 2020 with a revenue share of over 46%. On the basis of material, the market has been divided into plastic, metal, glass, and others. Plastic is the most extensively used material in the packaging market owing to its several advantages over other alternatives. Plastic is lighter than other materials and is incredibly energy efficient to manufacture. Moreover, it is quite inexpensive compared to other materials, such as metals and glass.
The bottles & jars product segment led the market in 2020 with a revenue share of over 28%. Bottles and jars are the most widely used products in the rigid food packaging segment. Various types of foods, such as jam, honey, sauces, cheese, mayonnaise, spices, oil, spreads, syrups, processed vegetables/fruits, fish, and meat, are packed in various types of jars and bottles made of glass and plastics.
Micro-perforated Food Packaging Market Insights
The global micro-perforated food packaging market size was estimated at USD 1.26 billion in 2017. Rapid growth in retail chains, coupled with rising consciousness regarding healthy food intake, is expected to drive product demand over the forecast period.The market is poised to register a CAGR of 5.7% from 2018 to 2025.
Polyethylene (PE) micro-perforated food packaging is the most widely used material type in the market. The segment accounted for 56.2% of the market in 2017. Extensive use of the material can be attributed to its versatility in a wide range of applications, along with its lightweight, non-toxic, and elastic properties.
Fruits and vegetables was the largest application segment in the micro-perforated food packaging market in 2017, a segment that uses films and laminates as packing materials. Confluence of increased consumer incomes and year-round demand for fresh produce have encouraged manufacturers across the globe to develop innovative packaging solutions and offerings.
Food Packaging Market – Global Industry Segmentation
Flexible Food Packaging Market Size & Forecasts, by Material, 2019 - 2030 Revenue (USD Million)
- Polyvinyl Chloride
- Polypropylene
- PET
- PE
- PS
- Others
Flexible Food Packaging Market Size & Forecasts, by Application, 2019 - 2030 Revenue (USD Million)
- Bakery & Confectionery
- Dairy Products
- Fruits &Vegetables
- Meat, Poultry, & Seafood
- Sauces & Dressings
- Others
Fresh Food Packaging Market Size & Forecasts, by Material, 2019 - 2030 Revenue (USD Million)
- Plastic
- Polypropylene
- Polyethylene
- Polystyrene
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Paper & Paper Board
- Bagasse
- Polylactic Acid
- Others
Fresh Food Packaging Market Size & Forecasts, by Type, 2019 - 2030 Revenue (USD Million)
- Rigid
- Clamshells
- Trays & Boxes
- Others
- Flexible
- Pouches & Bags
- Wraps & Films.
Food Container Market Size & Forecasts, by Material, 2019 - 2030 Revenue (USD Million)
- Plastic
- Metal
- Glass
- Others
Food Container Market Size & Forecasts, by Product, 2019 - 2030 Revenue (USD Million)
- Bottles & Jars
- Cans
- Cups & Tubs
- Boxes
- Others
Micro-perforated Food Packaging Market Size & Forecasts, by Material, 2019 - 2030 Revenue (USD Million)
- Polyethylene
- Polypropylene
- PET
- Others
Micro-perforated Food Packaging Market Size & Forecasts, by Application, 2019 - 2030 Revenue (USD Million)
- Fruits & vegetables
- Bakery & confectionery
- Ready-to-eat
- Others
Order your copy of the Free Sample of “Food Packaging Industry Data Book - Flexible Food Packaging, Fresh Food Packaging, Food Container and Micro-perforated Food Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Food Packaging Industry Data Book Regional Outlook
- North America
- S.
- Canada
- Mexico
- Europe
- K.
- Germany
- France
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Central & South America
- Brazil
- Middle East & Africa (MEA)
- Saudi Arabia
Food Packaging Industry Data Book Competitive Landscape
The food packaging market is characterized by intense competition, with both public and private companies focusing on product development and innovations.
Key players operating in the food packaging industry are –
- Berry Global Inc.
- Amcor plc
- American Eagle Packaging
- Sealed Air Corporation
- Sigma Plastics Group
- Mondi
- Sonoco Products Company
- Genpak LLC
- DS Smith PLC
- Westrock Company
Go through the table of content of Food Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
COVID-19 Impact Analysis on Fresh Food Packaging Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the fresh food packaging market include Amcor Plc, International Paper Company, Westrock Company, Sealed Air Corporation, Smurfit Kappa.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Fresh Food Packaging Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/fresh-food-packaging-market/download-sampleMarket DynamicsThe global fresh food packaging market is driven by increasing food transportation and demand for food safety.
Growing awareness regarding the nutritional value of the food items and increased health consciousness propelled demand fresh food packaging.
Consumer preference for packaged food to avoid diseae borne for contamination caused by bacteria, micro-organisms, pathogens instead of buying it from street seller, is projected to pave well to the market's growth.
