Food Packaging Market
Global Food Packaging Market Size, Share & Trends Analysis Report by Material (Plastic, Paper & Paperboard, and Others), By Packaging (Flexible Packaging, Semi-Rigid Packaging, and Rigid Packaging), By Application (Dairy Products, Fruits & Vegetables, Bakery & Confectionery, Poultry & Meat Products, Convenience Food, and Others) Forecast, 2020-2026 Update Available - Forecast 2024-2030
The global food packaging market is projected to grow at a CAGR of 6.5% during the forecast period. The key factors that drive the market growth include the increased demand for packaged food for on-the-go consumers across the globe. Packaging protects the food item barrier against temperature, heat, breakages, vibrations, and humidity. It acts as a barrier against contaminants, direct touch, water, dust, micro-organisms, among others. The packaging industry has been continuously evolving and now plays a key marketing role in developing on-shelf appeal, providing product information, and establishing brand image and awareness. Consumer needs and demands influenced by changing global trends, such as increased life expectancy accelerates the increased quest for innovation and upgradations in the food and beverage packaging industry.
Further, food protection and enhancing the shelf life of the food product are the attributes offered by the packaging. The packaging gives an attractive look to the packets for marketing and also makes it convenient for the consumer. The packaging consists of labels that inform about the contents, nutritional values, dates of manufacture and expiry, details of the manufacturer, among others. Moreover, innovations in the packaging industry and materials used for packaging are also likely to further enhance the demand for food packaging in the near future. Thus, such benefits along with the rapidly rising demand are driving the growth of the market over the forecast period.
Segmental Outlook
The global 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.
Paper & Paperboard Package Type is Likely to Grow Significantly During the Forecast Period
Amongst the material segment of the market, the paper & paperboard is likely to grow significantly during the forecast period. The segmental growth of the market is attributed to the increased awareness amongst the peoples regarding the impact of packaging products on the environment. Advanced paper & paperboard packaging type offers extra protection to food and extends its shelf life. The packaging also includes various indicators such as time-temperature indicators, freshness, and ripening indicators among others. Thus, this is likely to enhance the segmental growth of the market during the forecast period.
Global Food Packaging Market by Material, 2019 (%)
Regional Outlook
The global food packaging market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is estimated to grow significantly during the forecast period. The regional growth of the market is attributed to the increased trends of online food ordering especially in India. There has also been a significant increase in the disposable income of the consumers, due to which they are willing to pay more for packaged food products. Thus, this drives the regional growth of the market. Further, the North American region is estimated to contribute a significant share in the market owing to the rapid contributions by the key players.
Global Food Packaging Market by Region, 2019 (%)
Market Players Outlook
Some of the prominent players operating in the global food packaging market include American Packaging Corp., Ball Corp., Bemis Co. Inc., Berry Global, Inc., International Paper Co., Mondi Group Plc, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., and others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global food packaging 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.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food packaging market. Based on the availability of data, information related to pipeline products, 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
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
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
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Ball Corp.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Sealed Air Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. International Paper Co.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Mondi Group Plc
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Smurfit Kappa GroupPlc
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Food Packaging Market by Material
5.1.1. Plastic
5.1.2. Paper & Paperboard
5.1.3. Others
5.2. Global Food Packaging Market by Packaging
5.2.1. Flexible Packaging
5.2.2. Semi-Rigid Packaging
5.2.3. Rigid Packaging
5.3. Global Food Packaging Market by Application
5.3.1. Dairy Products
5.3.2. Fruits & Vegetables
5.3.3. Bakery & Confectionery
5.3.4. Poultry & Meat Products
5.3.5. Convenience Food
5.3.6. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Alcoa Corp.
7.2. Amcor Plc
7.3. American Packaging Corp.
7.4. AmeriPak Inc.
7.5. Anchor Packaging Inc.
7.6. Ardagh GroupS.A.
7.7. Ball Corp.
7.8. Bemis Co. Inc.
7.9. Berry Global, Inc.
7.10. Crown Holdings Inc.
7.11. DS Smith Plc
7.12. Graham Packaging Co. Inc.
7.13. International Paper Co.
7.14. Intrapac International LLC
7.15. Mondi Group Plc
7.16. Nampak Ltd.
7.17. Paccor Group
7.18. PPC Flexible Packaging, LLC
7.19. Schur Flexibles Group
7.20. Sealed Air Corp.
7.21. Silgan Containers LLC
7.22. Smurfit Kappa Group Plc
7.23. Sonoco Products Co.
7.24. Stora Enso Oyj
7.25. Tetra Laval International SA
7.26. WestRock Co.
1. GLOBAL FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
2. GLOBAL FOOD PACKAGING PLASTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL FOOD PACKAGING PAPER & PAPERBOARD MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL OTHER FOOD PACKAGING MATERIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2019-2026 ($ MILLION)
6. GLOBAL FLEXIBLE FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL SEMI-RIGID FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL RIGID FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
10. GLOBAL DAIRY PRODUCTS PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
11. GLOBAL FRUITS & VEGETABLES PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL BAKERY & CONFECTIONERY PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL POULTRY & MEAT PRODUCTS PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
14. GLOBAL CONVENIENCE FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL OTHER FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
19. NORTH AMERICAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2019-2026 ($ MILLION)
20. NORTH AMERICAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
21. EUROPEAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. EUROPEAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
23. EUROPEAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2019-2026 ($ MILLION)
24. EUROPEAN FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
29. REST OF THE WORLD FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2019-2026 ($ MILLION)
30. REST OF THE WORLD FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY PACKAGING, 2019-2026 ($ MILLION)
31. REST OF THE WORLD FOOD PACKAGING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
1. GLOBAL FOOD PACKAGING MARKET SHARE BY MATERIAL, 2019 VS 2026 (%)
2. GLOBAL FOOD PACKAGING MARKET SHARE BY PACKAGING, 2019 VS 2026 (%)
3. GLOBAL FOOD PACKAGING MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
4. GLOBAL FOOD PACKAGING MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. US FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
6. CANADA FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
7. UK FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
8. FRANCE FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
9. GERMANY FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
10. ITALY FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
11. SPAIN FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
12. ROE FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
13. INDIA FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
14. CHINA FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
15. JAPAN FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
16. REST OF ASIA-PACIFIC FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF THE WORLD FOOD PACKAGING MARKET SIZE, 2019-2026 ($ MILLION)
