Global Food Packaging Market By Overview
Food packaging is a process to protect the food from getting contaminated, damage, spoiled, and free from pest attacks. Food packaging increases shelf-life of the product, which helps to provide a better-quality food product to consumers. Food packaging avoids tampering during transport, storage, and retail sale. The package contains labeled information about amount of contents present, ingredient, nutritional content, cooking instructions and shelf life. Due to growing awareness about consumption of healthy food products, there are very a smaller number of food products which were sold unwrapped. Adoption of effective and advanced packaging techniques has increased in the manufacturing of fancy and unique shaped products with standard quality. With increasing population and economic growth, world is experiencing rapid changes in lifestyle and food preferences. The global food packaging market accounted for USD 317.76 billion in 2020 and is estimated to be USD 538.68 billion by 2030 and is anticipated to register a CAGR of 5.3%.
Global Food Packaging Market By Drivers & Restraints
Rising disposable incomes of people
The major drive for the growth of the global food packaging market is increase in the consumption of convenience food among individuals across the globe. Moreover, rising disposable incomes of the people, growing demand for ready-to-eat food, and rising awareness about the packaged food has complement the development of the global food packaging market. The global market for food packaging is expected to grow in the coming years with the latest trends coming up in the market. The features of packaged food such as portability, easy opening, and easy disposability are another key factor to drive the global market. Food packaging maintains the food in sterile environment and prohibits the growth of microorganisms which are responsible for spoilage and decay of perishable food products. Safety of food products is the top priority for the manufactures and it is expected to boost the growth of the targeted market.
However, the major restrain for the market is that usually people do not prefer use of eco-friendly food packaging techniques which indirectly affects environment and leads to global warming. This creates a significant impact on the growth of the target market.
Global Food Packaging Market By Segmentations & Regional Insights
The global food packaging market is segmented based on packaging type, packaging material, application, and region.
On the basis of packaging type, the global market it is categorized into rigid, semi-rigid and flexible. Based on packaging material, the target market is segmented into paper board, plastics, metal, glass and others. Based on application, the global market is categorized into bakery & confectionary, dairy product, fruits & vegetables, meat & seafood, sauces & dressing and others.
Regional Insights:
The global food packaging market accounted for USD 317.76 billion in 2020 and is estimated to be USD 538.68 billion by 2030 and is anticipated to register a CAGR of 5.3%. On region the global Food packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America food packaging market is projected to account for highest share in terms of revenue. This can be attributed to, the presence of large manufacturers in the region to anticipate further global market. The emerging countries of Asia Pacific region are on verge to catch up with the packaging technologies and food supply chain management. Moreover, favorable government policies along with rapid urbanization and rising disposable income of consumers are expected to further drive this regional global market in future. The growth rate in Middle East & Africa is also increasing faster as compared to the developed nations.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2020 |
|
Forecast period |
2020 – 2030 |
|
Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
|
Market Segmentation |
By Packaging Type- Rigid, Semi-Rigid, and Flexible By Packaging Material– Paper Board, Plastics, Metal, and Glass By Application– Bakery & Confectionary, Dairy Product, Fruits & Vegetables, Meat & Seafood, and Sauces & Dressing |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global food packaging market report based on packaging type, packaging material, application, and region.
Global Food Packaging Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Global Food Packaging Market By Competitive Landscape & Key Players
The key players operating in the global food packaging market includes American Packaging Corporation, Anchor Packaging, Inc., Crown Holdings, Inc., Owens-Illinois, Inc., Tetra Pak, Inc., Ball and Bemis Corp. Company, Inc., International Paper Company, D.S Smith plc, Rock Tenn Company, and Silgan Holdings Inc.
Anchor Packaging Inc.
It is one of the leading companies in terms of food packaging. Recently, they have announced their acquisition with Panoramic Inc. and introducing new strategies for being at the top.
Global Food Packaging Market By Company Profile
- American Packaging Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Anchor Packaging, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Crown Holdings, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Owens-Illinois, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tetra Pak, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ball and Bemis Corp. Company, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- International Paper Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- D.S Smith plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Rock Tenn Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Silgan Holdings, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Food Packaging Market By Highlights
FAQs
The global food packaging market is segmented based on packaging type, packaging material, application, and region.
Rising disposable income of people is the major factor driving growth of the global market.
North America food packaging market is projected to account for highest share in terms of revenue.
Key players operating in the global food packaging market are American Packaging Corporation, Anchor Packaging, Inc., Crown Holdings, Inc., Owens-Illinois, Inc., Tetra Pak, Inc., Ball and Bemis Corp. Company, Inc., International Paper Company, D.S Smith plc, Rock Tenn Company, and Silgan Holdings Inc.