Global Food Packaging Market was valued at USD 82.99 billion in 2021 and is expected to reach USD 166.52 billion by the year 2028, at a CAGR of 10.46%.
Items like cans, bottles, jars, ampules, plastic pots, aerosol containers, and others are included in the food packaging service to store food products for a long time. It helps keep food fresh by defending against contamination brought on by bacteria, organisms, air, and moisture. It is crucial for maintaining food safety throughout supply and transportation. Additionally, it keeps the food's quality high. Food packaging gives service suppliers a marketing platform and raises consumer satisfaction levels.
The food packaging market is divided into categories based on material (plastic, metal, aluminium, paperboard, moulded fibres, etc.), packaging type (pouches, bags, other), and application (Alcoholic & Non-alcoholic Beverages, Fruits & Vegetables, Bakery & Confectionary). The market is then broken down into main regions including North America, Latin America, Asia-Pacific, Europe, and MEA and further examined based on regional analysis.
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The Major Players in The Global Food Packaging Market:
- Amcor Ltd. (Australia)
- Rock-Tenn Company (U.S.)
- Sealed Air Corp. (U.S.)
- Nuconic Packaging LLC (U.S.)
- Tetra Pak International S.A. (Switzerland)
- Crown Holdings Inc. (U.S.)
- Ball Corporation
- Berry Global Inc
- DS Smith PLC
- Genpak LLC
- Huhtamäki Oyj
- Reynolds Group Holdings Limited
Market has segmented the Global Food Packaging Market on the basis of Type, Application, and region:
- Bakery & Confectionery
- Convenience foods
- Dairy products
- Fruits & vegetables
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The pandemic (Covid-19) has hindered the food packaging market a bit, although the food & beverages industry has surprisingly saw a boom across the globe with the new initiatives taken by the industry key players. Due to the lockdown that was witnessed in major countries, the rise of frozen food increased because of their longer shelf life and the same amount of nutrition in it. Many consumers were inclining towards the online and instant food that could stay for long and provided the same health benefits. Hence, that led to a steady growth of the market with the few bumps of loss of man power in the lockdown period.
Reasons to purchase the report:
- Visualize the composition of the Global Food Packaging Market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Global Food Packaging Market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Table of Content:
Chapter 1: Introduction 1.1 Research Objectives 1.2 Research Methodology 1.3 Research Process 1.4 Scope and Coverage 1.4.1 Market Definition 1.4.2 Key Questions Answered 1.5 Market Segmentation Chapter 2:Executive Summary Chapter 3:Growth Opportunities By Segment 3.1 By Type 3.2 By Material 3.3 By Application To be continued…….
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