Press release
Food Packaging Market Size Worth US$ 611.6 Billion during 2024-2032, With a CAGR of 5.1% | IMARC Group
The global food packaging market size reached US$ 385.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 611.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
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Food Packaging Market Overview:
Food packaging refers to the enclosing of food products in various types of containers to preserve quality, extend shelf life, and facilitate transportation. Made from a variety of materials such as plastic, glass, and metal, food packaging comes in multiple forms including bottles, cans, boxes, and flexible pouches.
A critical aspect of modern food industry operations, it employs technologies like vacuum sealing and inert gas flushing to inhibit bacterial growth and spoilage. Its properties often include resistance to physical damage, chemical stability, and barrier qualities that limit exposure to air and moisture. Advantages encompass ease of handling, reduced waste, and enhanced food safety.
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/food-packaging-market
Global Food Packaging Market Trends and Drivers:
The global market is primarily fueled by the growing demand for convenience food due to hectic lifestyles. In line with this, increasing awareness about food safety is pushing the industry towards more secure and innovative packaging solutions. Moreover, the rising need for extended shelf life of perishable goods is acting as a significant growth-inducing factor. In addition to this, innovations in packaging materials, which allow for better preservation and display, are garnering consumer interest and thus driving the market. Besides this, escalating health consciousness among consumers is directing focus toward eco-friendly and recyclable materials.
Also, the emergence of smart packaging, which integrates technology to convey information and ensure freshness, is making a positive impact on the market. Some of the other factors contributing to the market include shifts in consumer preferences toward portion-controlled and single-serve packaging, a rise in disposable income enabling the purchase of premium packaged goods, and ongoing research and development activities aimed at creating sustainable and efficient packaging solutions.
Top Food Packaging Companies Worldwide:
• Amcor PLC
• Crown Holdings Incorporated
• Owens-Illinois Inc.
• Tetra Pak Ltd.
• American Packaging Corporation
• Ball Corporation
Key Market Segmentation:
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)
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• 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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• https://industrytoday.co.uk/market-research-industry-today/virtual-events-market-trends-2024-global-size-strategies-industry-outlook-and-forecast-2032
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• https://industrytoday.co.uk/health_and_safety/hair-care-market-size-share-segmentations-industry-trends-outlook-and-forecast-2024-2032
Contact us:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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Who we are:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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