The European food packaging market is projected to grow at a CAGR of 6.2% during the forecast period. The key factors that drive the market include the rapidly evolving packaging industry in the region. Climate changes and global warming at an alarming rate has accelerated the search for better concepts for plastic packaging. The packaging companies are becoming more focused on investing in environmentally friendly packaging products. The advent of novel materials such as bioplastics, starch-based, and cellulose-based products further drives the growth of the European food packaging market over the forecast period.

The European food packaging market has been segmented into material type, packaging, and application. Based on the material, the market is segmented into plastic, paper & paperboard, and others such as glass & metals. The packaging is available in various forms including cans, converted roll stock, bags & pouches, cartons, boxes, and others. Based on the packaging, the market is segmented into flexible packaging, semi-rigid packaging, and rigid packaging. Based on the application, the market is segmented into dairy products, fruits & vegetables, bakery & confectionery, poultry & meat products, convenience food, and others.

Further, Amcor Plc, Coveris Holdings SA, DS Smith Plc, Mondi Group Plc, Smurfit Kappa Group Plc, Tetra Laval International SA, and Stora Enso Oyj, among others are some of the prominent players operating in the European food packaging industry. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the highly competitive market. 

For instance, in July 2020, Smurfit Kappa launched an innovative and sustainable new pack that keeps frozen and chilled foods fresh throughout the supply chain. Made from a 100% paper-based combination of Hexacomb and corrugated, the Thermo Box keeps frozen food including fish at temperatures similar to expanded polystyrene (EPS) boxes.

Research Methodology

The market study of the European food packaging market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for food packaging companies, food manufacturing companies, raw material suppliers, third-party distributors, research institutes, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. European Food Packaging Market Research and Analysis by Material
2. European Food Packaging Market Research and Analysis by Packaging
3. European Food Packaging Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the European food packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European food packaging market.
• Insights about market determinants which are stimulating the European food packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.