Evolve Business Intelligence Study Shows Global Food Packaging Market Size to Reach $350.2 Billion in 2022

As per the study initiated by Evolve Business Intelligence, the global Food Packaging Market size accounted for USD 350.2 Billion in 2022, growing at a CAGR of 6.2% from 2023 to 2033. Food packaging refers to the materials and technologies used to package food products for transportation, storage, and sale. The food packaging market includes a wide range of products such as rigid and flexible packaging materials, containers, and packaging machinery. The food packaging market is driven by factors such as the increasing demand for convenience and ready-to-eat food products, rising consumer awareness regarding food safety and hygiene, and growing concerns about food wastage. Additionally, the development of sustainable and eco-friendly packaging materials is also driving the growth of the food packaging market.
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Key Highlights:
• The global Food Packaging Market size was valued at USD 350.2 billion in 2022 growing at a CAGR of 6.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Food Packaging Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Food Packaging Market report also includes the following data points:
• COVID19 Impact on Food Packaging Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Food Packaging Market
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Key Players
Some of the major Food Packaging Market players holding high market share include Mondi Plc, Bemis Company Inc., International Paper Company and S. Smith Plc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Amcor Limited
• Coveris Holdings S.A.
• The Smurfit Kappa Group plc
• du Pont de Nemours and Company
• Mondi Plc
• Bemis Company Inc.
• International Paper Company
• S. Smith Plc.
• Silgan Holdings Inc
• Rock-Tenn Company
Segmental Analysis
Market Segment ByType with focus on market share, consumption trend, and growth rate of Food Packaging Market:
o Bottles
o Cans
o Pouches
o Boxes
Market Segment ByApplication with focus on market share, consumption trend, and growth rate of Food Packaging Market:
o Bakery & Confectionery
o Dairy
o Meat
o Fruits & Vegetables
Parameters Details
Market Size (2022) $ 350.2 Billion
CAGR (2023 to 2033) 6.2%
Market Segmentation Type, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Food Packaging Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence providesan understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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