Food Packaging Market Size, Share, Forecast, & Trends Analysis by Material (Plastic, Metal, Glass), Packaging Type (Rigid, Flexible), Product Type, Application (Bakery Products, Dairy Products, Snacks, Meat Products, RTE Meals)

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Food Packaging Market Size, Share, Forecast, & Trends Analysis by Material (Plastic, Metal, Glass), Packaging Type (Rigid, Flexible), Product Type, Application (Bakery Products, Dairy Products, Snacks, Meat Products, RTE Meals)-Global Forecast to 2031

According to the research report titled, 'Food Packaging Market Size, Share, Forecast, & Trends Analysis by Material (Plastic, Metal, Glass), Packaging Type (Rigid, Flexible), Product Type, Application (Bakery Products, Dairy Products, Snacks, Meat Products, RTE Meals)-Global Forecast to 2031,' the food packaging market is projected to reach $697.74 billion by 2031, at a CAGR of 5.9% during the forecast period 2024-2031. The report provides an in-depth analysis of the food packaging market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is attributed to the growing demand for convenience foods, increasing demand for convenient and portable packaging solutions, rising demand for longer shelf-life products, and strong growth in the retail sector. Additionally, the growing emphasis on eco-friendly packaging, recyclability, and innovation in packaging technology offers significant growth opportunities for players operating in the food packaging market. However, susceptibility to degradation and fluctuations in raw material prices restrain the growth of the food packaging market.

The key players operating in the food packaging market are Amcor Plc. (Australia), Smurfit Kappa Group plc. (Ireland), Mondi Limited (U.K.), Berry Global Group (U.S.), Sealed Air Corp. (U.S.), Ball Corporation (U.S.), Tetra Pak International SA (Switzerland), Schur Flexibles Group (Austria), Anchor Packaging Inc. (U.S.), Crown Holdings Inc. (U.S.), International Papers (U.S.), WestRock Company (U.S.), Graham Packaging Company Inc. (U.S.), Borealis AG (Austria), and Jindal Poly Films Limited (India).

Based on material, the food packaging market is segmented into plastic, paper & paper-based material, metal, glass, and other packaging materials. In 2024, the plastic segment is expected to account for the largest share of the food packaging market. This segment's large market share is attributed to the various benefits offered by plastic packaging, such as versatility, cost-effectiveness, flexibility, and ease of production. Plastic packaging extends the shelf life of perishable foods by acting as an excellent barrier against moisture, air, light, and pathogens.

Based on packaging type, the food packaging market is segmented into rigid, semi-rigid, and flexible. The flexible segment is projected to register a higher CAGR during the forecast period 2024-2031. The rapid growth of this segment is mainly attributed to the numerous benefits of flexible packaging, such as convenience, sustainability, cost-effectiveness, extended shelf life, and versatility.

Based on product type, the food packaging market is segmented into bags & pouches, films & wraps, stick packs & sachets, bottles & jars, boxes & cartons, trays, cans, and other food packaging types. In 2024, the bags & pouches segment is expected to account for the largest share of the food packaging market. The large market share of this segment is attributed to its continuous innovation in material & design and increased consumer demand for convenience.

Based on application, the food packaging market is segmented into bakery products; confectionery products; dairy products; snacks; beverages; meat, poultry, and seafood products; cereals & grains; oilseeds & pulses; herbs & spices; fruits and vegetables; sauces, dressings, and condiments; pet food; baby food; ready-to-eat meals; and other applications. In 2024, the bakery products segment is expected to account for the largest share of the food packaging market. The large market share of this segment is attributed to several factors, including high consumption of bakery products, continuous innovation and product development, and the rising number of ready-to-eat product chains and QSRs.

Based on end user, the food packaging market is segmented into food manufacturers, food service providers, packaging service providers, and other end users. In 2024, the food manufacturers segment is expected to account for the largest share of the food packaging market. The large market share of this segment is attributed to the high demand for processed foods and the growing number of food processing units.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions-North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa-and the coverage of major countries in each region. Asia-Pacific is expected to account for the largest share of the food packaging market in 2024. Asia-Pacific's large market share is attributed to several key factors, including increasing awareness about protein-rich diets, the thriving food & beverages industry in the region, rapid urbanization, and a large vegan population. Moreover, this region is projected to register the highest CAGR during the forecast period.

Key Questions Answered in the Report:

What is the current revenue generated by the food packaging market globally?
At what rate is the global food packaging demand projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the food packaging market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of material, packaging type, product type, application, and end user, are expected to create traction for the manufacturers in this market during the forecast period 2024-2031?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the food packaging market?
Who are the major players in the food packaging market? What are their specific product offerings in this market?
What are the recent strategic developments in the food packaging market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Food Packaging Market Assessment-by Material

Paper & Paper-based Material
Plastics
- Biodegradable
Starch-based Plastic
Cellulose-based Plastic
Polylactic Acid (PLA)
Poly-3-Hydroxybutyrate (PHB)
Polyhydroxyalkanoates (PHA)
Other Biodegradable Plastics
- Non-biodegradable
Polyethylene Terephthalate (PET)
High-density Polyethylene (HDPE)
Polyvinyl Chloride (PVC)
Low-density Polyethylene (LDPE)
Polypropylene (PP)
Polystyrene (PS)
Other Non-biodegradable Plastics
Metal
- Aluminum
- Tinplate
- Tin-free Steel (TFS)
- Stainless Steel (SS)
Glass
Other Packaging Materials

Food Packaging Market Assessment-by Packaging Type

Rigid
Semi-rigid
Flexible

Food Packaging Market Assessment-by Product Type

Bags & Pouches
Films & Wraps
Stick Pack & Sachets
Bottles & Jars
Boxes & Cartons
Trays
Cans
Other Product Types

Food Packaging Market Assessment-by Application

Bakery Products
Confectionery Products
Dairy Products
Snacks
Beverages
Meat, Poultry, and Seafood Products
Cereals & Grains
Oilseeds & Pulses
Herbs and Spices
Fruits and Vegetables
Sauces, Dressings, and Condiments
Pet Food
Baby Food
Ready-to-Eat Meals
Other Applications

Food Packaging Market Assessment-by End User

Food Manufacturers
Food Service Providers
Packaging Service Providers
Other End Users

Food Packaging Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East & Africa
- United Arab Emirates
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa

Product Code: MRFB - 1041289

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Overview
3.2. Segmental Analysis
- 3.2.1. Food Packaging Market Analysis: by Material
- 3.2.2. Food Packaging Market Analysis: by Packaging Type
- 3.2.3. Food Packaging Market Analysis: by Product Type
- 3.2.4. Food Packaging Market Analysis: by Application
- 3.2.5. Food Packaging Market Analysis: by End User
3.3. Regional Analysis
3.4. Market Competitors & Competitive Landscape

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Growing Demand for Convenience Food Products
- 4.2.2. Increasing Demand for Convenient and Portable Packaging Solutions
- 4.2.3. Rising Demand for Extended Shelf-Life Products
- 4.2.4. High Growth in the Retail Sector
4.3. Restraints
- 4.3.1. Susceptibility to Degradation and Fluctuations in Raw Material Prices
4.4. Opportunities
- 4.4.1. Growing Emphasis on Eco-Friendly Packaging & Recyclability
- 4.4.2. Innovation in Packaging Technology
4.5. Key Trends
- 4.5.1. Rise of E-commerce
- 4.5.2. Edible Packaging
4.6. Challenges
- 4.6.1. Stringent Regulatory Requirements
4.7. Porter's Five Forces Analysis
- 4.7.1. Bargaining Power of Suppliers
- 4.7.2. Bargaining Power of Buyers
- 4.7.3. Threat of Substitutes
- 4.7.4. Threat of New Entrants
- 4.7.5. Degree of Competition

5. Food Packaging Market Assessment-by Material

5.1. Overview
5.2. Paper & Paper-based Material
5.3. Plastics
- 5.3.1. Biodegradable
  - 5.3.1.1. Starch-based Plastic
  - 5.3.1.2. Cellulose-based Plastic
  - 5.3.1.3. Polylactic Acid (PLA)
  - 5.3.1.4. Poly-3-Hydroxybutyrate (PHB)
  - 5.3.1.5. Polyhydroxyalkanoates (PHA)
  - 5.3.1.6. Others
- 5.3.2. Non-biodegradable
  - 5.3.2.1. Polyethylene Terephthalate (PET)
  - 5.3.2.2. High Density Polyethylene (HDPE)
  - 5.3.2.3. Polyvinyl Chloride (PVC)
  - 5.3.2.4. Low Density Polyethylene (LDPE)
  - 5.3.2.5. Polypropylene (PP)
  - 5.3.2.6. Polystyrene (PS)
  - 5.3.2.7. Others
5.4. Metal
- 5.4.1. Aluminum
- 5.4.2. Tinplate
- 5.4.3. Tin-free Steel (TFS)
- 5.4.4. Stainless Steel (SS)
5.5. Glass
5.6. Other Packaging Materials

6. Food Packaging Market Assessment-by Packaging Type

6.1. Overview
6.2. Rigid
6.3. Semi-rigid
6.4. Flexible

7. Food Packaging Market Assessment-by Product Type

7.1. Overview
7.2. Bags and Pouches
7.3. Films and Wraps
7.4. Stick Pack and Sachets
7.5. Bottles and Jars
7.6. Boxes and Cartons
7.7. Trays
7.8. Cans
7.9. Other Product Types

8. Food Packaging Market Assessment-by Application

8.1. Overview
8.2. Bakery Products
8.3. Confectionery Products
8.4. Dairy Products
8.5. Snacks
8.6. Beverages
8.7. Meat, Poultry, and Seafood Products
8.8. Cereals & Grains
8.9. Oilseeds & Pulses
8.10. Herbs and Spices
8.11. Fruits and Vegetables
8.12. Sauces, Dressings, and Condiments
8.13. Pet Food
8.14. Baby Food
8.15. Ready-to-Eat Meals
8.16. Other Applications

9. Food Packaging Market Assessment-by End User

9.1. Overview
9.2. Food Manufacturers
9.3. Food Service Providers
9.4. Packaging Service Providers
9.5. Other End Users

10. Food Packaging Market Assessment-by Geography

10.1. Overview
10.2. North America
- 10.2.1. U.S.
- 10.2.2. Canada
10.3. Europe
- 10.3.1. Germany
- 10.3.2. France
- 10.3.3. U.K.
- 10.3.4. Italy
- 10.3.5. Spain
- 10.3.6. Netherlands
- 10.3.7. Rest of Europe
10.4. Asia-Pacific
- 10.4.1. China
- 10.4.2. India
- 10.4.3. Japan
- 10.4.4. Australia
- 10.4.5. Rest of Asia-Pacific
10.5. Latin America
- 10.5.1. Brazil
- 10.5.2. Mexico
- 10.5.3. Argentina
- 10.5.4. Rest of Latin America
10.6. Middle East & Africa
- 10.6.1. United Arab Emirates
- 10.6.2. South Africa
- 10.6.3. Saudi Arabia
- 10.6.4. Rest of the Middle East & Africa

11. Competition Analysis

11.1. Overview
11.2. Key Growth Strategies
11.3. Competitive Benchmarking
11.4. Competitive Dashboard
- 11.4.1. Industry Leaders
- 11.4.2. Market Differentiators
- 11.4.3. Vanguards
- 11.4.4. Emerging Companies

12. Company Profiles

12.1. Amcor Plc.
12.2. Smurfit Kappa Group plc.
12.3. Mondi Limited
12.4. Berry Global Group
12.5. Sealed Air Corp.
12.6. Ball Corporation
12.7. Tetra Pak International SA
12.8. Schur Flexibles Group
12.9. Anchor Packaging Inc.
12.10. Crown Holdings Inc.
12.11. International Papers
12.12. WestRock Company
12.13. Graham Packaging Company Inc.
12.14. Borealis AG
12.15. Jindal Poly Films Limited

(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)

13. Appendix

13.1. Available Customization
13.2. Related Reports