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Food Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034

Publisher Global Market Insights
Published Nov 29, 2024
Length 210 Pages
SKU # GMI19504124

Description

Food Packaging Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034


The Global Food Packaging Market was valued at USD 458.6 billion in 2024 and is projected to grow at a CAGR of 5.6% from 2025 to 2034. This growth is primarily driven by the increasing demand for convenience-oriented and ready-to-eat products, which are becoming essential in modern, fast-paced lifestyles. Packaging solutions are evolving to offer enhanced portability, extended shelf life, and optimal protection while maintaining food freshness and quality. Moreover, a growing focus on sustainable packaging is propelling market expansion as environmentally conscious consumers seek eco-friendly options.

The market is segmented by material into plastic, paper & paperboard, glass, metal, and others. The plastic segment is set to achieve a valuation exceeding USD 300 billion by 2034, driven by its versatility and broad application across various food categories. Its ability to provide strong barrier properties protects food from external factors like moisture and air, ensuring extended freshness. Plastic packaging is also lightweight, reducing transportation costs and supporting its widespread use.

In response to environmental concerns, manufacturers are introducing advanced solutions such as recyclable and biodegradable plastics. These innovations address sustainability while retaining plastic's practicality. Despite rising ecological challenges, advancements in recycling technologies and the development of eco-friendly alternatives reinforce the material's prominence in the food packaging sector.

The market is divided into flexible, rigid, and semi-rigid packaging. Flexible packaging is the fastest-growing category, expected to expand at a CAGR of over 6% between 2025 and 2034. Its lightweight nature and adaptability make it highly cost-effective for manufacturers and appealing to consumers. Flexible options, like films and pouches, offer greater convenience and can accommodate diverse product needs, enhancing storage efficiency.

Consumer preferences for convenience and sustainability are key factors boosting this segment. Features such as resealability and extended shelf life align with modern demands, while innovations in biodegradable and recyclable materials support environmental goals. These advantages position flexible packaging as a preferred choice in the evolving food industry.

North America accounted for over 25% of the global market share in 2024, with the U.S. driving growth through technological innovation and rising consumer demand. The increasing popularity of meal delivery services, coupled with strict health and safety standards, is creating a robust demand for efficient packaging. Sustainability initiatives focused on recyclable materials also contribute to the region's leadership in the global food packaging market.

Table of Contents

210 Pages
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Key news & initiatives
3.3 Regulatory landscape
3.4 Impact forces
3.4.1 Growth drivers
3.4.1.1 Rising consumer preference for convenient and ready-to-eat foods
3.4.1.2 Increased focus on sustainability
3.4.1.3 Advancements in smart packaging and modified atmosphere packaging (MAP)
3.4.1.4 Expansion of e-commerce and online food delivery
3.4.1.5 Government regulations supporting sustainable practices
3.4.2 Industry pitfalls & challenges
3.4.2.1 High costs of sustainable packaging materials
3.4.2.2 Limited recycling infrastructure
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Material, 2021-2034 (USD Billion) (Kilo Tons)
5.1 Key trends
5.2 Plastic
5.3 Paper & paperboard
5.4 Glass
5.5 Metal
5.6 Others
Chapter 6 Market Estimates & Forecast, By Product Type, 2021-2034 (USD Billion) (Kilo Tons)
6.1 Key trends
6.2 Bags & pouches
6.3 Bottles & jars
6.4 Boxes & containers
6.5 Film & wraps
6.6 Cans
6.7 Clamshells
6.8 Others
Chapter 7 Market Estimates & Forecast, By Packaging Type, 2021-2034 (USD Billion) (Kilo Tons)
7.1 Key trends
7.2 Flexible
7.3 Rigid
7.4 Semi-rigid
Chapter 8 Market Estimates & Forecast, By Technology, 2021-2034 (USD Billion) (Kilo Tons)
8.1 Key trends
8.2 Conventional packaging
8.3 Active & intelligent packaging
8.4 Modified atmosphere packaging
8.5 Vacuum packaging
Chapter 9 Market Estimates & Forecast, By Application, 2021-2034 (USD Billion) (Kilo Tons)
9.1 Key trends
9.2 Bakery & confectionery
9.3 Beverages
9.4 Dairy products
9.5 Fruits & vegetables
9.6 Meat, poultry, & seafood
9.7 Snacks & sauces
9.8 Others
Chapter 10 Market Estimates & Forecast, By Region, 2021-2034 (USD Billion) (Kilo Tons)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 South Africa
10.6.2 Saudi Arabia
10.6.3 UAE
Chapter 11 Company Profiles
11.1 Amcor
11.2 Anchor Packaging
11.3 Ball Corporation
11.4 Berry Global Group
11.5 Clearwater Paper Corporation
11.6 Constantia Flexibles
11.7 Coveris Group
11.8 Crown Holdings
11.9 DS Smith
11.10 Eastern Pak Limited
11.11 ExxonMobil Chemical
11.12 Graphic Packaging International
11.13 International Paper Company
11.14 Mondi
11.15 Packaging Corporation of America
11.16 Plastipak
11.17 Schur Flexibles Group
11.18 Sealed Air
11.19 Smurfit Kappa Group
11.20 Sonoco Products Company
11.21 Stora Enso
11.22 Tetra Pak International
11.23 WestRock Company
 

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