Global Food Wrap Market Size Study, by Material (Plastic, Aluminum Foil, Paper), Application (Food Service, Online, Institutional), and Regional Forecasts 2022-2032

Description

The Global Food Wrap Market is valued at approximately USD 5.15 billion in 2023 and is projected to grow at a robust compound annual growth rate (CAGR) of 7.50%, reaching an estimated market size of USD 9.87 billion by 2032. Food wraps, essential tools in the preservation and protection of food items, play a pivotal role across food service, online retail, and institutional applications. With the increasing demand for convenient, sustainable, and hygienic food packaging solutions, food wraps are witnessing substantial adoption globally. The evolving consumer preferences towards eco-friendly and biodegradable options further accentuate the market's momentum.

The market is primarily driven by the escalating consumption of ready-to-eat and on-the-go food products, alongside the booming online food delivery services. The introduction of innovative materials, including recyclable plastic wraps and sustainable paper wraps, has opened new avenues for manufacturers aiming to cater to environmentally conscious consumers. However, the industry faces challenges such as stringent regulations on plastic usage and the high cost associated with premium, eco-friendly wraps. Despite these barriers, the growing investment in advanced material technologies and the rising awareness of food hygiene are poised to mitigate these challenges and foster market growth.

Regionally, North America leads the global food wrap market, underpinned by its established food service industry, high per capita consumption of packaged foods, and strong regulatory frameworks promoting sustainable packaging. Europe follows suit, with a significant focus on eco-friendly materials driven by stringent environmental policies. The Asia-Pacific region is projected to witness the fastest growth during the forecast period, fueled by the rapid expansion of the food delivery sector, increasing urbanization, and a growing middle-class population. Latin America and the Middle East & Africa are also emerging markets, leveraging improved logistics and rising consumer awareness about food safety and packaging.

The competitive landscape of the food wrap market is marked by key players focusing on sustainable product development, mergers, and acquisitions to enhance their market footprint. With continuous innovations and strategic collaborations, the market is set to experience transformative growth, paving the way for efficient and eco-friendly food packaging solutions.

Major market players included in this report are:

Reynolds Consumer Products Inc.
Berry Global Inc.
Amcor plc
Huhtamaki Oyj
Novolex Holdings, Inc.
Sealed Air Corporation
Mondi Group
Constantia Flexibles
Coveris Holdings S.A.
AEP Industries Inc.
S. C. Johnson & Son, Inc.
Toppan Printing Co., Ltd.
Thong Guan Industries Berhad
Anchor Packaging Inc.
Uflex Limited

The detailed segments and sub-segment of the market are explained below:

By Material:

Plastic
Aluminum Foil
Paper

By Application:

Food Service
Online
Institutional

By Region:

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe (ROE)
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific (RoAPAC)
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa (RoMEA)

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approaches.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Food Wrap Market Executive Summary

1.1. Global Food Wrap Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Food Wrap Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Food Wrap Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Convenient, Sustainable, and Hygienic Food Packaging Solutions
- 3.1.2. Escalating Consumption of Ready-to-eat and On-the-go Food Products
- 3.1.3. Booming Online Food Delivery Services
3.2. Market Challenges
- 3.2.1. Stringent Regulations on Plastic Usage
- 3.2.2. High Cost Associated with Premium, Eco-friendly Wraps
3.3. Market Opportunities
- 3.3.1. Investment in Advanced Material Technologies
- 3.3.2. Rising Awareness of Food Hygiene
- 3.3.3. Growth in Emerging Markets

Chapter 4. Global Food Wrap Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Food Wrap Market Size & Forecasts by Material 2022-2032

5.1. Segment Dashboard
5.2. Global Food Wrap Market: Material Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Plastic
- 5.2.2. Aluminum Foil
- 5.2.3. Paper

Chapter 6. Global Food Wrap Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Food Wrap Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Food Service
- 6.2.2. Online
- 6.2.3. Institutional

Chapter 7. Global Food Wrap Market Size & Forecasts by Region 2022-2032

7.1. North America Food Wrap Market
- 7.1.1. U.S. Food Wrap Market
  - 7.1.1.1. Material Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Food Wrap Market
7.2. Europe Food Wrap Market
- 7.2.1. UK Food Wrap Market
- 7.2.2. Germany Food Wrap Market
- 7.2.3. France Food Wrap Market
- 7.2.4. Spain Food Wrap Market
- 7.2.5. Italy Food Wrap Market
- 7.2.6. Rest of Europe Food Wrap Market (ROE)
7.3. Asia Pacific Food Wrap Market
- 7.3.1. China Food Wrap Market
- 7.3.2. India Food Wrap Market
- 7.3.3. Japan Food Wrap Market
- 7.3.4. Australia Food Wrap Market
- 7.3.5. South Korea Food Wrap Market
- 7.3.6. Rest of Asia Pacific Food Wrap Market (RoAPAC)
7.4. Latin America Food Wrap Market
- 7.4.1. Brazil Food Wrap Market
- 7.4.2. Mexico Food Wrap Market
- 7.4.3. Rest of Latin America Food Wrap Market
7.5. Middle East & Africa Food Wrap Market
- 7.5.1. Saudi Arabia Food Wrap Market
- 7.5.2. South Africa Food Wrap Market
- 7.5.3. Rest of Middle East & Africa Food Wrap Market (RoMEA)

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Reynolds Consumer Products Inc.
- 8.1.2. Berry Global Inc.
- 8.1.3. Amcor plc
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Reynolds Consumer Products Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Berry Global Inc.
- 8.3.3. Amcor plc
- 8.3.4. Huhtamaki Oyj
- 8.3.5. Novolex Holdings, Inc.
- 8.3.6. Sealed Air Corporation
- 8.3.7. Mondi Group
- 8.3.8. Constantia Flexibles
- 8.3.9. Coveris Holdings S.A.
- 8.3.10. AEP Industries Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes