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The food packaging market size is forecast to increase by USD 75.3 billion at a CAGR of 3.98% between 2023 and 2028. The market is experiencing significant growth due to the increasing importance of food safety and preservation, driving the demand for packaging. Counterfeit food products pose a significant threat to consumer health and trust, making the prevention of food fraud a key driver for market expansion. Additionally, the need to minimize food wastage through effective packaging solutions such as beverage packaging is another crucial factor fueling market growth. Recent advancements in food packaging technology, such as the integration of smart labels and active packaging, are further enhancing the market potential. The food packaging industry is witnessing significant growth, driven by increasing food packaging demand. Innovative food packaging solutions are emerging as key factors in this expansion, contributing to the overall food packaging industry growth and meeting evolving consumer needs. Overall, the market is poised for continued growth as it addresses the critical issues of food authenticity, preservation, and sustainability. Our report examines historic data from 2018 - 2022, besides analyzing the current market scenario.
The food packaging market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
This food packaging market research and analysis report extensively covers market segmentation. It also includes an in-depth analysis of drivers, trends, and challenges. The market is a significant sector in the Contamination and Transformation industry. It involves the production and distribution of various types of packaging solutions for food products. The market is driven by factors such as the need for extended shelf life, convenience, and safety. Food packaging materials include plastic, paper, aluminum, and glass. The use of sustainable and eco-friendly packaging is a growing trend in the market. Damage-resistant and lightweight packaging are also popular choices due to their cost-effectiveness and environmental benefits. Driven by escalating food packaging demand, the food packaging industry is experiencing robust growth. Cutting-edge food packaging solutions are playing a pivotal role in this expansion, ensuring continued food packaging industry growth.
The Spilage segment is a major application area for food packaging. The market is also segmented based on the type of food, such as bakery and confectionery, dairy and frozen foods, meat, poultry, and seafood, and beverages. The market is expected to grow at a significant rate due to the increasing demand for convenience food and the rising awareness of food safety. The use of advanced technologies such as active and intelligent packaging is also expected to drive market growth. The Retail segment is a significant end-user in the market. The market is also witnessing a shift towards online sales, which is expected to create new opportunities for players in the market. In conclusion, the market is a dynamic and growing sector in the Contamination and Transformation industry. It is driven by factors such as convenience, safety, and sustainability, and is expected to grow at a significant rate in the coming years.
The market share growth by the flexible plastic segment will be significant during the forecast period. Flexible plastic comes in a variety of forms, including bags, pouches, liners, wraps, and sachets. Due to its many advantages over other types of packaging materials, the flexible plastic packaging market is predicted to expand. The market is dominated by the fast-growing segment of flexible plastic packaging. Flexible plastic offers several advantages, including customization possibilities, reusability, and a wide range of printing options. Primary, secondary, and tertiary packaging applications for food items can benefit from plastic containers, paper packaging, and emerging bioplastic materials like PCR plastic and bio-based polymers.
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The flexible plastic segment was valued at USD 148.40 billion in 2018 and continued to grow until 2022. Smart packaging innovations, including nanotechnology, enhance food safety and shelf life through the use of antioxidants, antimicrobials, moisture absorbers, visual alerts, and time and temperature indicators. These advancements contribute to reducing food waste and catering to the demand for convenience food, such as fast-food items, readymade meals, and prepared meal kits. Market availability, inventory control, consumer education, and product safety are crucial factors influencing the adoption of various packaging solutions.Flexible plastic packaging offers a variety of creative possibilities in terms of shapes and sizes, enabling packaging customization. It is reusable, and a wide variety of printing options are supported. Additionally, it is simple to ship because the material is light in comparison to other packaging options. Hence, such factors are fuelling the growth of this segment during the forecast period.
Based on application, the bakery industry is the largest sector among processed food industries in India, with bread and biscuits accounting for about 82% of total bakery products. s. Contamination, spoilage, damage, and pest attacks are significant challenges during storage, transit, and retail sale. External factors such as relative humidity, light, pressure, and heat can also impact food quality and safety. Consumer demand for convenient and portable packaged products, influenced by changing consumption habits and lifestyles, drives the packaging industry's growth. Flexible packaging, including plastic cling film and eco-friendly alternatives, is essential for product protection and extending shelf-life. Hence, such factors are fuelling the growth of this segment during the forecast period.
APAC is estimated to contribute 62% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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The APAC market is expected to experience positive growth during the forecast period due to improved economic conditions in countries like China, India, Indonesia, and Australia. This has led to increased investments across various sectors. The demand for these in the region is driven by urbanization and changing lifestyles, resulting in higher demand for fast food and ready-to-eat meals. The growth of e-commerce is also a significant factor contributing to the expansion of the APAC market. Key product categories include Films & wraps, Stick packs & sachets, Bottles & jars, Boxes & cartons, Cans, Trays, and Clamshells. Fruits & vegetables, Bakery & confectionery, Dairy products, Meat, poultry & seafood, and Quick-service restaurants, Café & kiosks, Full-service restaurants, and Chain restaurants drive demand. High barrier properties, safety, and high-performance materials are essential. Therefore, these factors will drive the growth of the regional market during the forecast period.
The market is a significant sector that plays a crucial role in the food industry. With the increasing consumer awareness towards health and safety, the demand for advanced and innovative food packaging solutions has been on the rise. The market consists of various types of packaging materials such as plastics, paper and board, aluminum, and others. These materials are used to produce different packaging formats like pouches, cartons, trays, and films. The Containment sector is a major segment in the market, which includes packaging for various food categories like dairy, meat, and convenience foods. The food packaging industry growth is fueled by rising food packaging demand and the development of advanced food packaging solutions. These innovations are crucial in meeting market needs and sustaining the rapid expansion of the food packaging industry.
The primary objective of food packaging is to ensure product safety, extend shelf life, and maintain product quality. Moreover, the packaging design plays a vital role in attracting consumers and building brand loyalty. The Spirits and Beverages sector is another significant market for food packaging, where the focus is on preserving the taste, aroma, and appearance of the product. The use of advanced technologies like Active and Intelligent Packaging is gaining popularity in this sector to enhance product safety and consumer convenience. In conclusion, the food packaging market is a dynamic and evolving industry that caters to the diverse needs of the food and beverage industry. The market is driven by factors like consumer preferences, regulatory requirements, and technological advancements.
Prevention of food counterfeiting is a major market driver. Food counterfeiting poses a significant challenge for both food manufacturers and consumers, resulting in substantial financial losses for the global food industry. Manufacturers can adopt various measures to mitigate the risk of food fraud. The market plays a crucial role in combating food counterfeiting, particularly for fast-food items and convenience foods such as readymade meals and prepared meal kits. High-barrier properties of packaging materials, including plastic containers, paper packaging, bioplastic material, PCR plastic, and bio-based polymers, are essential in maintaining product safety and shelf life. Smart packaging solutions, incorporating nanotechnology, antioxidants, antimicrobials, moisture absorbers, visual alerts, and time and temperature indicators, offer enhanced inventory control and consumer education.
Packaging plays a crucial role in combating food counterfeiting. Food traceability is a key solution that enables tracking of products throughout the supply chain. Technologies like barcodes and RFID tags are utilized to track food items. Therefore, effective packaging is essential for implementing these technologies. The use of barcode labels on packaged products enhances product integrity and significantly reduces the risk of counterfeiting during the forecast period.
Growing sales of food products on e-commerce platforms is an ongoing market trend. Food products have expanded their presence into the realm of e-commerce, necessitating durable primary packaging to maintain product quality and freshness during shipping. The market encompasses primary, secondary, and tertiary packaging solutions for various food items, including fast-food and convenience foods like readymade meals and prepared meal kits.
Furthermore, the demand for healthy food options, including nutritious snack bars, is increasing, supported by a growing trend in online grocery sales within the US. This sector constitutes a substantial portion of the overall e-commerce market, offering diverse channels like delivered baskets, click-and-collect, fresh delivery, and meal kits. Major players such as Amazon enhance convenience with services like next-day delivery through Amazon Fresh, subscribe and save options, and the Amazon Dash button. These advancements are pivotal in expanding market size during the forecast period, influencing the demand for efficient and sustainable packaging solutions like food wrapping paper. As consumers prioritize convenience and health-conscious choices in their shopping habits, the role of effective packaging becomes crucial in maintaining product freshness and appeal, driving growth in the global food wrapping paper market.
Volatility in raw material prices is a major market challenge. The different types of materials used for the packaging of food include plastic, glass, metals, and paper. For example, cartons used in these are produced either from recycled fiber mills or virgin fibers. In the market, various materials such as plastic, glass, metals, and paper are utilized for primary, secondary, and tertiary packaging of food items, including fast-food and convenience foods like readymade meals and prepared meal kits. The prices of raw materials, particularly recycled fibers and virgin fibers, significantly impact the market, leading to increased production costs and reduced profit margins for vendors. Plastic containers, paper packaging, bioplastic materials, PCR plastic, and bio-based polymers are commonly used in food packaging, including packaging for baby food.
The prices of both recycled fiber mills and virgin fibers constantly fluctuate, which is a major concern for end-users like carton producers. The instability in the price of raw materials will result in the reduction of profit margins of companies due to the increasing production cost. Hence, companies are forced to increase their product pricing due to fluctuating raw material prices. The price of virgin fiber seems to be more stable when compared with recycled fiber. The prices of these raw materials such as paper and paper products that are used to manufacture corrugated packaging solutions are expected to fluctuate during the forecast period. Hence, companies are expected to increase the prices of corrugated packaging in response to the increase in raw material prices. In addition, aluminum, a key raw material used for food can manufacturing, is exhibiting price fluctuations that hamper food packaging market growth during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Tata Steel- The company offering food packaging solutions under its brand CRYOVAC.
The food packaging market forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Inc., BWAY Corp., CANPACK SA, COFCO Corp., Crown Holdings Inc., DS Smith Plc, Huhtamaki Oyj, International Paper Co., Kian Joo Can Factory Bhd, Metal Packaging Europe, O I Glass Inc., Orora Ltd., Sealed Air Corp., Silgan Holdings Inc., Tetra Laval SA, and Toyo Seikan Group Holdings Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The food packaging market is influenced by various factors, including eating habits, the urban population, and government initiatives aimed at sustainability. With growing environmental concerns, there is a shift towards sustainable packing materials and recycling of glass, metals, and plastics. The market landscape depends on the External environment, Plastic food packaging, Extending shelf life, Secondary packaging. This market offers a wide range of packaging solutions, including high-performance materials with high barrier properties for preserving freshness. Both flexible-type and rigid packaging options cater to diverse needs, from single-serve packs to retail products. Key segments include paper and paper-based materials, glass packaging, and specific segments like bakery and confectionery products and the dairy product segment. Moreover, the rise of the plant-based packaged food industry and online purchasing meat and seafood marinated product-selling brands further drive market growth
Additionally ,the market is a significant sector that plays a crucial role in the preservation and protection of food products. The use of advanced packaging technologies, such as Recycling, Sustainability, and Barrier Properties, is essential in extending the shelf life of food items and ensuring their safety and freshness. The plastic and paper packaging industries are major contributors to this market, providing various types of packaging solutions like pouches, trays, and bags. The online and e-commerce sectors have also influenced the market, leading to an increase in demand for lightweight and convenient packaging options. Production processes in this market involve various stages like extrusion, injection molding, and coating. The use of durability, printing, and functionality in food packaging is also a key trend, as consumers increasingly demand attractive and practical packaging solutions. Overall, the market is a dynamic and evolving industry that continues to adapt to changing consumer preferences and technological advancements.
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Market Scope |
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Report Coverage |
Details |
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Page number |
190 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.98% |
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Market growth 2024-2028 |
USD 75.3 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.66 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 62% |
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Key countries |
US, China, Germany, India, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Inc., BWAY Corp., CANPACK SA, COFCO Corp., Crown Holdings Inc., DS Smith Plc, Huhtamaki Oyj, International Paper Co., Kian Joo Can Factory Bhd, Metal Packaging Europe, O I Glass Inc., Orora Ltd., Sealed Air Corp., Silgan Holdings Inc., Tata Steel, Tetra Laval SA, and Toyo Seikan Group Holdings Ltd. |
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Market dynamics |
Parent market analysis, market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our food packaging market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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