Product Code: GVR-2-68038-365-2
Food Packaging Market Growth & Trends:
The global food packaging market size is expected to reach USD 562.38 billion in 2030 and is expected to grow at a CAGR of 5.9% from 2025 to 2030 Increased diverse eating habits and lifestyle changes have driven the demand for convenience food products which is expected to bolster the growth of the global food packaging industry.
The food packaging industry exhibits rapid growth for portable and single-serve food packs. Rising global per capita income is expected to increase the purchasing power of buyers further driving the demand for packaged foods products. Although real wages witnessed a decline in 2022, according to the Observatory of Economic Complexity (OECD), by the end of 2023, real wages are projected to stop declining. This is attributed to the extensive rollout of support initiatives by governments across the globe to cushion the effects of food prices and high energy on households. This is expected to increase the consumer spending capacity thereby driving the demand for packaged food & beverages.
The high volatility observed in the prices of raw materials is expected to restrain the food packaging industry's growth. However, the introduction of sustainable packing materials by major food packaging manufacturers, coupled with increasing awareness and notable consumption volume by buyers, is expected to propel the food packaging industry over the forecast period.
Growing concerns regarding food safety and contamination are predicted to support the demand for effective packaging solutions. In addition, sales of packaged foodstuff are anticipated to propel due to the increasing number of retail food chains opened by big food brands, consequently driving demand for packaging material. The surge in demand for food delivery services such as Uber Eats, Zomato, DoorDash, and Grubhub among others is also expected to have a positive impact on the food packaging industry.
The growing food sector has attracted food packaging manufacturers to invest in increasing their production capacities. For instance, in April 2023, UAE-based Hotpack Global announced its intent to build a specialized food packaging project in Saudi Arabia. The project is expected to be valued at USD 266.0 million and will be developed jointly with the Saudi Ministry of Industry.
Food Packaging Market Report Highlights:
- Based on material, the market is segmented into plastics, paper & paper-based materials, glass, metal, and others. The plastic segment accounted for the largest market share of over 39.0% in 2024
- The bakery & confectionery segment recorded the largest market share of over 27.0% in 2024, due to growing demand for cakes, candies, and frozen ready-to-eat bakery products
- The food packaging market in Asia Pacific dominated the global industry and accounted for the largest revenue share of over 40.0% in 2024
- The food packaging industry is highly fragmented and is characterized by the presence of a large number of players. Key players comprise Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC
- In May 2023, Amcor plc inked a definitive agreement to acquire New Zealand-based Moda Systems. This acquisition is expected to help Amcor expand its existing film portfolio and offer an end-to-end packaging solution incorporating even the sales of packaging machines
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.1.1. Market Segmentation
- 1.1.2. Market Definition
- 1.2. Research Scope & Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2024 (USD Billion)
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Food Packaging Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.3. Manufacturing Trends
- 3.4. Technology Trends
- 3.5. Sales Channel Analysis
- 3.6. Regulatory Framework
- 3.7. Market Dynamics
- 3.7.1. Market Driver Analysis
- 3.7.2. Market Restraint Analysis
- 3.7.3. Market Opportunity Analysis
- 3.7.4. Market Challenge Analysis
- 3.8. Business Environment Analysis
- 3.8.1. Porter's Five Forces Analysis
- 3.8.2. PESTEL Analysis
- 3.9. Impact of Environmental, Social, and Governance (ESG) Initiatives on the Food Packaging Market
Chapter 4. Global Food Packaging Market: Type Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Type Movement Analysis & Market Share, 2024 & 2030
- 4.3. Market Estimates & Forecast, By Type, 2018 to 2030 (USD Billion)
- 4.3.1. Flexible
- 4.3.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.2. Rigid
- 4.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.3. Semi-rigid
- 4.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Global Food Packaging Market: Material Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Material Movement Analysis & Market Share, 2024 & 2030
- 5.3. Market Estimates & Forecast, By Material, 2018 to 2030 (USD Billion)
- 5.3.1. Plastic
- 5.3.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3.2. Paper & Paper-Based Materials
- 5.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3.3. Glass
- 5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3.4. Metal
- 5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3.5. Others
- 5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Global Food Packaging Market: Application Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Application Movement Analysis & Market Share, 2024 & 2030
- 6.3. Market Estimates & Forecast, By Application, 2018 to 2030 (USD Billion)
- 6.3.1. Bakery & Confectionery
- 6.3.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.2. Dairy Products
- 6.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.3. Fruits & Vegetables
- 6.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.4. Meat & Seafood
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.5. Sauces & Dressings
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3.6. Others
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Global Food Packaging Market: Packaging Type Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Packaging Type Movement Analysis & Market Share, 2024 & 2030
- 7.3. Market Estimates & Forecast, By Packaging Type, 2018 to 2030 (USD Billion)
- 7.3.1. Cups
- 7.3.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Bottles
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. Cans
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. Pouches
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.5. Trays
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3.6. Others
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Global Food Packaging Market: Food Type Estimates & Trend Analysis
- 8.1. Key Takeaways
- 8.2. Food Type Movement Analysis & Market Share, 2024 & 2030
- 8.3. Market Estimates & Forecast, By Food Type, 2018 to 2030 (USD Billion)
- 8.3.1. Frozen Food
- 8.3.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. Chilled Food
- 8.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.3.3. Canned Food
- 8.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.3.4. Shelf SFood
- 8.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Global Food Packaging Market: Region Estimates & Trend Analysis
- 9.1. Food Packaging Market: Regional Outlook
- 9.2. North America
- 9.2.1. North America Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.2.2. U.S.
- 9.2.2.1. U.S. Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.2.3. Canada
- 9.2.3.1. Canada Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.2.4. Mexico
- 9.2.4.1. Mexico Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.3. Europe
- 9.3.1. Europe Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.3.2. Germany
- 9.3.2.1. Germany Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.3.3. UK
- 9.3.3.1. UK Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.3.4. France
- 9.3.4.1. France Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.3.5. Italy
- 9.3.5.1. Italy Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.4.2. China
- 9.4.2.1. China Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.4.3. India
- 9.4.3.1. India Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.4.4. Japan
- 9.4.4.1. Japan Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.4.5. Australia
- 9.4.5.1. Australia Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.5. Central & South America
- 9.5.1. Central & South America Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.5.2. Brazil
- 9.5.2.1. Brazil Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.6. Middle East & Africa
- 9.6.1. Middle East & Africa Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 9.6.2. Saudi Arabia
- 9.6.2.1. Saudi Arabia Food Packaging Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 10. Competitive Landscape
- 10.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 10.2. Vendor Landscape
- 10.2.1. List of Raw Material Suppliers & Channel Partners
- 10.2.2. Company Categorization
- 10.2.3. List of Potential Customers
- 10.3. Company Market Position Analysis
- 10.4. Company Heat Map Analysis
- 10.5. Company Dashboard Analysis
- 10.6. Strategy Mapping
- 10.6.1. Expansions
- 10.6.2. Mergers & Acquisitions
- 10.6.3. Collaborations
- 10.6.4. New Product Launches
- 10.6.5. Others
Chapter 11. Company Listing (Overview, Financial Performance, Products Overview)
- 11.1. International Paper Company
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.2. Mondi
- 11.3. Smurfit Kappa Group
- 11.4. Graphic Packaging International, LLC
- 11.5. DS Smith
- 11.6. Eastern Pak Limited
- 11.7. WestRock Company
- 11.8. Packaging Corporation of America
- 11.9. Nippon Paper Industries Co., Ltd.
- 11.10. Sonoco Products Company
- 11.11. Amcor plc
- 11.12. Clearwater Paper Corporation