Food Packaging Market: Industry Report, Growth, Demand, Key Players And Forecast 2022-2027

According to the latest report by IMARC Group, titled "Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global food packaging market size reached a value of US$ 345.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 483.4 Billion by 2027, exhibiting at a CAGR of 5.85% during 2022-2027.

Food packaging plays a critical role in preserving food materials and improving the shelf-life of food during travel and home delivery. It protects the contents from moisture, prevents spills and tampering, and aids in preserving shape and quality. The packaged food includes the necessary information on the product's manufacturing and expiration dates, along with an ingredient list. Dairy, convenience foods, confectionery, bakery, vegetables, fruits, meat, and sauces are some of the packaged foods accessible.

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Global Food Packaging Industry Demand:

The global market is majorly driven by the increasing concerns about food hygiene. In line with this, the rising demand for packaged food items and ready-to-eat food products is positively influencing the market. Furthermore, the shifting trend from traditional to advanced packaging systems is creating a positive outlook for the market. Apart from this, significant growth in the retail sector and the numerous attempts by governing agencies to improve hygiene in food processing units worldwide are catalyzing the market. Moreover, the changing eatery habits and evolving lifestyles are propelling the market. Besides, inflating per capita disposable incomes and growing population are strengthening the product demand. Additionally, multiple market players are strongly focusing on adopting eco-friendly packages and advanced innovations in cling film packaging, thereby providing a boost to the market.

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Key Market Segmentation:

Top Food Packaging Companies Worldwide:

• Amcor PLC
• Crown Holdings Incorporated
• Owens-Illinois Inc.
• Tetra Pak Ltd.
• American Packaging Corporation
• Ball Corporation

Breakup by Packaging Type:

• Flexible
• Paper and Paperboard
• Rigid Plastic
• Glass
• Metal
• Others

Breakup by Application:

• Bakery, Confectionery, Pasta, and Noodles
• Dairy Products
• Sauces, Dressings, and Condiments
• Snacks and Side Dishes
• Convenience Foods
• Meat, Fish, and Poultry
• Fruits and Vegetables
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Also Visit Full Blog on Top Food Packaging Companies: https://www.imarcgroup.com/top-players-food-packaging-industry

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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