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Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global food packaging market size reached US$ 363.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 512.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.94% during 2023-2028.

Food packaging plays a vital role in preserving and transporting food items to their desired location without affecting the taste or quality. It protects the contents from moisture and toxins, prevents the food products from spillage and tampering, and helps retain their shape and quality. Food packaging has also gained traction as a means of information transmission, such as the nutritional content, expiry date, price and origin of the packaged products. It also acts as a modern marketing medium for sellers to attract consumers worldwide.

 

 
 

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A rapid change in the food preferences of consumers, coupled with the expanding food retail sector across the globe, is one of the major factors catalyzing the growth of the market. In addition, the surging working population, rising disposable incomes and hectic lifestyles have led to the rising consumption of fast food and ready-to-eat products. Owing to this, the leading companies are investing in research and development (R&D) operations to enhance product shelf-life and develop anti-microbial packaging materials. They are also introducing lightweight solutions to reduce transportation costs and related emissions. Moreover, with the rising environmental concerns, manufacturers are adopting eco-friendly food packaging made using materials that are biodegradable or can be easily recycled, reused and renewed. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food packaging market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on packaging type and application.

Breakup by Packaging Type:

 

 
 

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


Currently, flexible packaging is the most popular type, accounting for the majority of the global market share.

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


Amongst these, the bakery, confectionery, pasta, and noodles segment dominates the market, holding the largest market share.

Regional Insights:

 

 
 

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  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America


On the geographical front, North America represents the largest food packaging market globally, on account of the well-established food processing industry in the region

Competitive Landscape:

The competitive landscape of the market characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

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

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Packaging Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Amcor PLC, Crown Holdings Incorporated, Owens-Illinois Inc.,Tetra Pak Ltd.,American Packaging Corporation and Ball Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global food packaging market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What are the leading application segments in the market?
  • What has been the impact of COVID-19 on the global food packaging market?
  • What are the major packaging types used in the market?
  • What are the various stages in the value chain of the global food packaging market?
  • What are the key driving factors and challenges in the global food packaging market?
  • What is the structure of the global food packaging market and who are the key players?
  • What is the degree of competition in the global food packaging market?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Food Packaging Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Price Analysis
        5.4.1    Key Price Indicators
        5.4.2    Price Structure
        5.4.3    Margin Analysis
    5.5    Market Breakup by Packaging Type
    5.6    Market Breakup by Application
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
6   Market Breakup by Packaging Type
    6.1    Flexible Packaging
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Paper and Paperboard Packaging
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Rigid Plastic Packaging
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Glass Packaging
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Metal Packaging
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Application
    7.1    Bakery, Confectionery, Pasta, and Noodles
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Dairy Products
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Sauces, Dressings, and Condiments
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Snacks and Side Dishes
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Convenience Foods
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Meat, Fish, and Poultry
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Fruits and Vegetables
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    Others
        7.8.1 Market Trends
        7.8.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Europe
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Asia Pacific
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Middle East and Africa
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Latin America
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
    9.3    Profiles of Key Players
        9.3.1    Amcor PLC
        9.3.2    Crown Holdings Incorporated
        9.3.3    Owens-Illinois Inc.
        9.3.4    Tetra Pak Ltd.
        9.3.5    American Packaging Corporation
        9.3.6    Ball Corporation

List of Figures

Figure 1: Global: Food Packaging Market: Major Drivers and Challenges
Figure 2: Global: Food Packaging Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Food Packaging Market: Breakup by Packaging Type (in %), 2022
Figure 4: Global: Food Packaging Market: Breakup by Application (in %), 2022
Figure 5: Global: Food Packaging Market: Breakup by Region (in %), 2022
Figure 6: Global: Food Packaging Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Food Packaging Market (Flexible): Price Structure (in %)
Figure 8: Global: Food Packaging Industry: SWOT Analysis
Figure 9: Global: Food Packaging Industry: Value Chain Analysis
Figure 10: Global: Food Packaging Industry: Porter’s Five Forces Analysis
Figure 11: Global: Food Packaging (Flexible) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Food Packaging (Flexible) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Food Packaging (Paper and Paperboard) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Food Packaging (Paper and Paperboard) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Food Packaging (Rigid Plastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Food Packaging (Rigid Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Food Packaging (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Food Packaging (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Food Packaging (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Food Packaging (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Food Packaging (Other Packaging Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Food Packaging (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Food Packaging (Application in Bakery, Confectionery, Pasta, and Noodles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Food Packaging (Application in Bakery, Confectionery, Pasta, and Noodles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Food Packaging (Application in Dairy Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Food Packaging (Application in Dairy Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Food Packaging (Application in Sauces, Dressings, and Condiments) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Food Packaging (Application in Sauces, Dressings, and Condiments) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Food Packaging (Application in Snacks and Side Dishes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Food Packaging (Application in Snacks and Side Dishes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Food Packaging (Application in Convenience Foods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Food Packaging (Application in Convenience Foods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Food Packaging (Application in Meat, Fish, and Poultry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Food Packaging (Application in Meat, Fish, and Poultry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Food Packaging (Application in Fruits and Vegetables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Food Packaging (Application in Fruits and Vegetables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Food Packaging (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Food Packaging (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Food Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Food Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Europe: Food Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Europe: Food Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia Pacific: Food Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia Pacific: Food Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Middle East and Africa: Food Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Middle East and Africa: Food Packaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Latin America: Food Packaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Latin America: Food Packaging Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables

Table 1: Global: Food Packaging Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Food Packaging Market Forecast: Breakup by Packaging Type (in Million US$), 2023-2028
Table 3: Global: Food Packaging Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Food Packaging Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Food Packaging: Raw Material Requirements
Table 6: Global: Food Packaging Market: Competitive Structure
Table 7: Global: Food Packaging Market: Key Players


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