Global Food Packaging Market Poised for Remarkable Growth, Expected to Reach USD 572.16 Billion by 2030 | IGR

The Infinium Global Research analyzes the Food Packaging Market over the period of 2023 to 2030. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size, and future trends in the global food packaging market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of food packaging. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the food packaging market during the period. The Global Food Packaging Market, valued at USD 348.50 billion in 2023, is set to experience substantial growth, with a projected CAGR of 6.66% during the forecast period, reaching USD 572.16 billion by 2030.

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Rising Demand for Convenience Foods Drives Market Growth

The global food packaging market is witnessing remarkable growth, primarily fueled by the increasing demand for convenience foods. The surge in popularity of frozen foods, canned foods, ready-to-eat snacks, meals, chilled foods, and more is transforming household meal preparation and consumption patterns worldwide. As disposable incomes rise and nuclear families become more prevalent, the consumption of packaged foods is on the rise.

Favorable Demographics and Advanced Technology

The food packaging market benefits from favorable demographic factors such as urbanization, a growing middle-class consumer base, and rising disposable incomes. Furthermore, the availability of advanced food packaging materials and technology is driving the demand for packaging solutions in the food industry. The visual appeal and user convenience offered by packaged foods are further boosting market growth.

Consumer Preference for Health and Safety

Consumers are increasingly prioritizing health and safety in their food choices. Stringent regulations regarding food safety and contamination in major economies like the US and Europe are positively impacting the food packaging market. These regulations are driving the adoption of safe and secure packaging solutions.

Changing Socioeconomic Trends

Socioeconomic changes, including population growth, urbanization, increased disposable incomes, and enhanced productivity in developing countries like China, India, and Southeast Asia, have shifted food consumption patterns. The rapid expansion of the middle class in Asia, set to reach 3.5 billion by 2030, is influencing and reflecting packaged food consumption trends, further driving the food packaging market.

Sustainable Packaging on the Rise

Sustainable packaging has become a priority for brand owners and consumers alike. Innovations in bioplastics and eco-friendly materials are transforming the packaging landscape. Consumers are actively seeking greener products and reducing their plastic footprint, leading to significant changes in shopping habits. Brands and corporations worldwide are transitioning to eco-friendly packaging, driven by consumer demand for sustainability.

For instance, McDonald's aims to source 100% of its guest packaging from renewable, recycled, or certified sources by 2025. Kellogg's is working towards entirely reusable, recyclable, or compostable packaging, while Hershey is targeting zero-waste-to-landfill at its facilities and a 95% recycling rate by 2025.

The shift towards sustainable packaging offers promising opportunities for players in the biodegradable, compostable, and edible food packaging sectors. The need for sustainable food packaging and innovative alternatives will drive further growth in the market.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Food Packaging Market Highlights

2.2. Food Packaging Market Projection

2.3. Food Packaging Market Regional Highlights

Chapter 3. Global Food Packaging Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 Impact on the Food Packaging Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1.IGR-Growth Matrix Analysis by Materials

3.5.2.IGR-Growth Matrix Analysis by Food Packaging

3.5.3.IGR-Growth Matrix Analysis by Applications

3.5.4.IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Food Packaging Market

Chapter 4. Food Packaging Market Macro Indicator Analysis

Chapter 5. Global Food Packaging Market by Materials

5.1. Paper & Board

5.2. Metal

5.3. Rigid Plastic

5.4. Flexible Plastic

5.5. Glass

5.6. Others

Chapter 6. Global Food Packaging Market by Food Packaging

6.1. Rigid

6.2. Semi-rigid

6.3. Flexible

Chapter 7. Global Food Packaging Market by Applications

7.1. Bakery

7.2. Confectionery Convenience Foods

7.3. Dairy Products

7.4. Fruits & Vegetables

7.5. Sauces

7.6. Dressings and Condiments

7.7. Others

Chapter 8. Global Food Packaging Market by Region 2023-2030

8.1. North America

8.1.1. North America Food Packaging Market by Materials

8.1.2. North America Food Packaging Market by Food Packaging

8.1.3. North America Food Packaging Market by Applications

8.1.4. North America Food Packaging Market by Country

8.2. Europe

8.2.1. Europe Food Packaging Market by Materials

8.2.2. Europe Food Packaging Market by Food Packaging

8.2.3. Europe Food Packaging Market by Applications

8.2.4. Europe Food Packaging Market by Country

8.3. Asia-Pacific

8.3.1. Asia-Pacific Food Packaging Market by Materials

8.3.2. Asia-Pacific Food Packaging Market by Food Packaging

8.3.3. Asia-Pacific Food Packaging Market by Applications

8.3.4. Asia-Pacific Food Packaging Market by Country

8.4. RoW

8.4.1. RoW Food Packaging Market by Materials

8.4.2. RoW Food Packaging Market by Food Packaging

8.4.3. RoW Food Packaging Market by Applications

8.4.4. RoW Food Packaging Market by Sub-region

Chapter 9. Company Profiles and Competitive Landscape

9.1. Competitive Landscape in the Global Food Packaging Market

9.2. Companies Profiles

9.2.1. Nuconic Packaging LLC

9.2.2. Sealed Air Corp

9.2.3. Tetra Pak International S.A

9.2.4. Crown Holdings, Inc

9.2.5. Amcor Ltd

9.2.6. Rock-Tenn Company

9.2.7. Ball Corporation

9.2.8. Graham

9.2.9. WestRock India Private Limited Packaging

9.2.10. Tetra Pak International

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Food Packaging.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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