Food Packaging Films Market
Food Packaging Films Market Size, Share & Trends Analysis Report Product Type (Wire Train Bus Gateways, Multifunction Vehicle Bus (MVB) Gateway, and Others), by Connectivity (Global System for Mobile Communications - Railway (GSM-R), Wi-Fi, Terrestrial Trunked Radio (TETRA), and Others) and by Application (Passenger train, and Freight train) Forecast Period (2024-2031)
Food packaging films market is anticipated to grow at a CAGR of 6.1% during the forecast period (2024-2031). The growth of the market in emerging countries is attributed to factors such as consumer disposable income, urbanization, and the demand for packaged food.
Market Dynamics
Customers' Awareness and Demand on Transparency
The increased demand for transparent packaging results from consumer awareness of sustainability and food safety, which additionally increases brand loyalty and trust.According to the World Health Organization (WHO) reveals that food contamination leads to over 600 million cases of disease and 420,000 fatalities annually. This highlights the pressing need for effective food packaging solutions to address safety concerns, minimize environmental impact, and promote sustainability.
Increased demand for sustainable packaging solutions
The consumers and industry players are increasingly seeking for sustainable packaging options as a result of the growing plastic waste crisis, with a preference for recyclable, biodegradable, or renewable materials to mitigate the adverse environmental consequences.According to the National Institute of Health (gov.),in Janurary 2023, the amount of plastic packaging waste generated in Europe is expected to increase from $23 million tons to a staggering $92 million tons by 2050. This alarming statistic highlights the urgent need for action in reducing the environmental footprint and improving the safety of packaging. The long degradation period of plastic waste poses a serious threat to wildlife and ocean biodiversity, as it absorbs toxic compounds and spreads them throughout our ecosystems.
Market Segmentation
Our in-depth analysis of the global food packaging films market includes the following segments by type, material, and application:
- Based on type, the market is sub-segmented into flexible, and rigid.
- Based on solution, the market is augmented into polyethylene (PE) films, polypropylene (PP) films, polyethylene terephthalate (PET) films, polyamide (PA) films, and others(polyvinylidene chloride (PVDC) films, and ethylene vinyl alcohol (EVOH) films).
- Based on technology, the market is sub-segmented into passenger train, and freight train
Rigid is Projected to Emerge as the Largest Segment
Based on the type, the food packaging films market is sub-segmented into flexible, and rigid. Among these, the rigid sub-segment is expected to hold the largest share of the market. The primary factor supporting the segment's growth includes the increasing demand for the desire for recyclable, sustainable packaging solutions that satisfy both regulatory requirements and market expectations such as, rigid rPET is driven by consumer awareness of environmental concerns. For instance, in October 2022, LINPAC launched rigid recycle polyethylene terepthalate (rPET) solutions to enhance its current portfolio of expanded polystyrene (EPS) Hotpacs, catering trays, plates, and bowls. Its a new range of food service packaging options, including hinged-lid and film lidded rigid RPET solutions for prepared fresh food.
Polypropylene (PP) Films Sub-segment to Hold a Considerable Market Share
The continuous innovation in packaging materials and manufacturing technologies, driven by collaboration between material suppliers, manufacturers, and food producers, leads to the development of high-performance films. For instance, in March 2022, Cosmo Films, launched a white cast polypropylene (CPP) film with high coefficient of friction (COF).A film with a seal strength of over 1,800-gf/inch and 95°C seal initiation temperature addresses layer slippage, achieving uniform sealing area in final pouches. Its film-to-film and film-to-metal coefficients are over 0.4.
Regional Outlook
The global food packaging films market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Demand for sustainable food packaging films is being fulfilled by North American producers
The need for environmentally friendly packaging solutions from North American customers has prompted manufacturers to develop packaging films that utilize recyclable materials, biodegradable polymers, and renewable resources.According to the National institute of Health (gov.) in November 2020, the population growth is predicted to drive a 50% increase in global food demand by 2050, necessitating increased demand for food packaging materials that meet food quality, sustainability, and consumer safety standards.
Global Food Packaging Films Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
Among all the regions, Asia-Pacific holds a significant share owing to the growing demand for India's population expansion and fast urbanization are increasing demand for packaged food and beverages, subsequently innovative and efficient packaging solutions are needed for urban customers. According to the Economics of Times, in August 2023, the growing 14.8% yearly, the food and beverage packaging market in India is predicted to reach USD 86 billion by 2029 as a result of increasing urbanization, rising disposable incomes, and changing consumption habits.
- In June 2023, Ascend Performance Materials introduced HiDura LUX amorphous nylon for packaging films in the Asian market at ProPak China, aimed to reduce spoilage and damage in food goods, reducing food waste and product damage across the supply chain.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order
The major companies serving the global food packaging films market include Berry Global Inc.,DuPont de Nemours, Inc.,Mitsubishi Chemical Group Corp., Mondi plc, Sonoco Products Co. and others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in March 2024, INEOS Group and INEOS Olefins & Polymers Europe collaborated to launch new premium snack packaging with 50% recycled plastic.It meets EU food contact packaging regulations, using advanced recycling processes to convert plastic waste into food-grade material.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food packaging films market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Berry Global Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DuPont de Nemours, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Mitsubishi Chemical Group Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Food Packaging Films Market by Type
4.1.1. Flexible Packaging Films
4.1.2. Rigid Packaging Films
4.2. Global Food Packaging Films Market by Material
4.2.1. Polyethylene (PE) Films
4.2.2. Polypropylene (PP) Films
4.2.3. Polyethylene Terephthalate (PET) Films
4.2.4. Polyamide (PA) Films
4.2.5. Others(Polyvinylidene Chloride (PVDC) Films, and Ethylene Vinyl Alcohol (EVOH) Films)
4.3. Global Food Packaging Films Market by Application
4.3.1. Fruits & Vegetables
4.3.2. Bakery & Confectionery
4.3.3. Meat, Poultry & Seafood
4.3.4. Convenience Foods
4.3.5. Dairy Products
4.3.6. Others(Snack and Confectionery Packaging, and Ready-to-Eat Meal Packaging)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.4. Rest of Asia-Pacific
5.5. Rest of the World
6. Company Profiles
6.1. Amcor Group GmbH
6.2. Cosmo Films
6.3. Coveris Management GmbH
6.4. Dow Chemical Co.
6.5. Graphic Packaging International, LLC
6.6. KP Holding GmbH & Co. KG
6.7. Mondi plc
6.8. Polyplex
6.9. Schur Group
6.10. Sealed Air Corp.
6.11. Sonoco Products Co.
6.12. Stora Enso
6.13. Taghleef Industries SpA
6.14. UFlex Ltd.
6.15. Wihuri Group
6.16. Winpak Ltd.
1. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
2. GLOBAL FLEXIBLE FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL RIGID FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
5. GLOBAL FOOD PACKAGING FILMS FOR POLYETHYLENE (PE) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL FOOD PACKAGING FILMS FOR POLYPROPYLENE (PP) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL FOOD PACKAGING FILMS FOR POLYETHYLENE TEREPHTHALATE (PET) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL FOOD PACKAGING FILMS FOR POLYAMIDE (PA) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL FOOD PACKAGING FILMS FOR OTHER MATERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
11. GLOBAL FOOD PACKAGING FILMS IN FRUITS & VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL FOOD PACKAGING FILMS IN BAKERY & CONFECTIONERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL FOOD PACKAGING FILMS IN MEAT, POULTRY & SEAFOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL FOOD PACKAGING FILMS IN CONVENIENCE FOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL FOOD PACKAGING FILMS IN DAIRY PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. GLOBAL FOOD PACKAGING FILMS IN OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
17. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
18. NORTH AMERICAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. NORTH AMERICAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
20. NORTH AMERICAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
21. NORTH AMERICAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
22. EUROPEAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. EUROPEAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
24. EUROPEAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
25. EUROPEAN FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
26. ASIA- PACIFIC FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
27. ASIA- PACIFIC FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
28. ASIA- PACIFIC FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
29. ASIA- PACIFIC FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
30. REST OF THE WORLD FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
31. REST OF THE WORLD FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
32. REST OF THE WORLD FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023-2031 ($ MILLION)
33. REST OF THE WORLD FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY TYPE, 2023 VS 2031 (%)
2. GLOBAL FLEXIBLE FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
3. GLOBAL RIGID FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
4. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2023 VS 2031 (%)
5. GLOBAL FOOD PACKAGING FILMS FOR POLYETHYLENE (PE) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
6. GLOBAL FOOD PACKAGING FILMS FOR POLYPROPYLENE (PP) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
7. GLOBAL FOOD PACKAGING FILMS FOR POLYETHYLENE TEREPHTHALATE (PET) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
8. GLOBAL FOOD PACKAGING FILMS FOR POLYAMIDE (PA) FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
9. GLOBAL FOOD PACKAGING FILMS IN OTHER MATERIAL WEBSITES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
10. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023 VS 2031 (%)
11. GLOBAL FOOD PACKAGING FILMS IN FRUITS & VEGETABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
12. GLOBAL FOOD PACKAGING FILMS IN BAKERY & CONFECTIONERY MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
13. GLOBAL FOOD PACKAGING FILMS IN MEAT, POULTRY & SEAFOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
14. GLOBAL FOOD PACKAGING FILMS IN CONVENIENCE FOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
15. GLOBAL FOOD PACKAGING FILMS IN DAIRY PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
16. GLOBAL FOOD PACKAGING FILMS IN OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
17. GLOBAL FOOD PACKAGING FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2023 VS 2031 (%)
18. US FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
19. CANADA FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
20. UK FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
21. FRANCE FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
22. GERMANY FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
23. ITALY FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
24. SPAIN FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
25. REST OF EUROPE FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
26. INDIA FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
27. CHINA FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
28. JAPAN FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
29. SOUTH KOREA FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
30. REST OF ASIA-PACIFIC FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
31. REST OF THEWORLD FOOD PACKAGING FILMS MARKET SIZE, 2023-2031 ($ MILLION)
