The global food packaging market was surpassed at USD 346.7 billion in 2021 and is expected to hit around USD 562.68 billion by 2030, growing at a CAGR of 5.53% from 2022 to 2030.
Report Highlights
Increasing food delivery services globally and high demand for single-serve and portable food packs are expected to propel the industry growth over the next few years.
Rising concerns among consumers regarding contamination and food safety are predicted to bolster the demand for effective packaging solutions. In addition, an increasing number of retail chains globally, especially in developing economies such as China, India, and Brazil, is anticipated to propel the sales of packaged food, consequently driving the market.
Packaging products made of plastic are affordable and they feature strong barrier properties, which contribute to their wide use in the food & beverage industry. Government interventions in plastic product production have prompted producers operating in the plastic food packaging industry to use eco-friendly and sustainable raw materials in their products.
The global market is expected to be buoyed by the introduction of new and innovative packaging types and technologies, including modified atmosphere packaging (MAP), active packaging, and printing technologies. Additionally, players are investing in lightweight materials and materials with a high performance, which is further expected to benefit industry growth.
The hectic work schedules of consumers and the increased demand for convenient food options drive the market for packaged food items in North America. Moreover, the flourishing e-commerce industry in different countries of the region such as Canada and Mexico is fueling the sales of packed food items across the region.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 346.7 billion |
| Revenue Forecast by 2030 | USD 562.68 billion |
| Growth rate from 2022 to 2030 | CAGR of 5.53% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Type, material, application, region |
| Companies Covered |
Amcor plc; Sealed Air; Sonoco Products Company; Berry Global, Inc.; WestRock Company; Mondi; Genpak LLC; Pactiv LLC; Chantler Packages; WINPAK LTD; Alpha Packaging; CuBE Packaging; Cheer Pack North America; Evanesce Packaging Solutions Inc; Pacmoore Products Inc.; Innovative Fiber; Emmerson Packaging; PakTech; Tradepak; ProAmpac |
Type Insights
The flexible segment accounted for the largest revenue share of over 40.04% in 2021 and is expected to witness significant growth during the forecast period. Factors such as shrinking household sizes and increasing snacking have encouraged the development of flexible packaging materials, such as peel-off foil, peel-off plastic, and peel-off paper in the food industry.
Flexible packaging products such as bags are preferred for rigid packaging by end-user companies since the former consumes fewer resources, making it more environmentally friendly. This trend is likely to accelerate the growth of bags and pouches as a preferred packaging type over the forecast period.
The rigid packaging segment is expected to register a CAGR of 4.53% from 2022 to 2030. The demand for rigid food packaging is projected to be driven by its applicability and functionality of offering high protection to packaged food such as ready-to-eat food products and single-serve food, which are highly popular.
The demand for fresh food products such as fruits and vegetables, along with processed protein-rich fish and meat, is steadily growing in countries such as Canada, China, and India owing to health awareness among the masses. Rigid products are extensively utilized for the packaging of these products, contributing to segment growth.
Material Insights
Plastic emerged as the leading material segment with a revenue share of over 35.09% in 2021. Plastic packaging products such as trays, containers, tubs, wraps, pouches, and others are extensively utilized in the food & beverage industry for packaging convenient food, frozen meals, carbonated and non-carbonated beverages, and snacks.
The paper and paper-based segment has been witnessing an upsurge in terms of demand globally and is expected to register a lucrative CAGR of 6.6% over the forecast period. As consumers seek eco-friendly packaging, companies have adapted environmentally friendly packaging in conjunction with changing regulatory environments that place greater emphasis on environmental protection.
The stringent regulations governing packaging products are expected to pose several challenges. California, Delaware, Connecticut, Maine, Hawaii, New York, Vermont, and Oregon are among the states that have banned single-use plastic bags. This trend is expected to impact the growth of plastic materials in the North American market for food packaging over the forecast period.
The metal segment is anticipated to expand at a CAGR of 5.3% over the forecast period. Aluminum has become a popular choice for home packaging due to its ability to be cooled and heated for sterilization. Additionally, stringent regulations regarding the use of plastics are expected to support the demand for metal packaging solutions over the forecast period.
Application Insights
The bakery and confectionery segment held the largest revenue share of over 25.5% in 2021. Bakery and confectionery products are generally packed in high moisture barrier packaging to extend their shelf life. Flexible packaging is widely used for the aforementioned application owing to its advantages such as lightweight, printability, and cost-effectiveness over paper cartons and tins. Furthermore, the attractive packing of confectionery products is expected to boost the segment growth.
The bakery and confectionery segment is expected to witness growth over the forecast period. The convenience offered by prepared or ready-to-eat bakery products makes it a popular choice for dual-earner households and students. Thus, high acceptance of packaged food is expected to fuel the growth of the bakery and confectionery segment.
Consumer inclination toward dairy products in smaller packs due to shrinking households is anticipated to augment market growth. Adoption of attractive food packaging strategies by manufacturers is also likely to boost the segment growth. Moreover, the rising demand for dairy products such as yogurt and ice cream is expected to augment the growth.
The growing presence of vegans in the region has increased the growth opportunities for companies that operate in the plant-based packaged food industry. The demand for ready-to-eat meals is expected to witness significant growth during the forecast period.
The meat, poultry, and seafood segment are expected to exhibit a CAGR of 6.08% during the forecast period. The versatility offered by packaging solutions such as bags, sacks, aluminum films, glass bottles, and containers in the form of heat insulation, moisture resistance, ease of storage, and aroma retention enables their increased use in meat, poultry, and seafood.
Regional Insights
The Asia Pacific region held the largest revenue share of over 35.2% in 2021. The industry is expected to be driven by increasing population, rising per capita income, and growing demand in emerging economies such as China, Japan, and India in the Asia Pacific region. China is the largest consumer owing to its large population and growing economy. The market in China is expected to grow at a significant rate owing to its expanding middle-class population and rising purchasing power.
North America accounted for a considerable share in 2021. The shift in consumer preferences toward meat alternatives along with the growing vegan population is anticipated to open new growth avenues for the food packaging companies as Beyond Meat; AMY’s Kitchen Inc.; and Morning Star Farms are companies witnessing considerable growth over the past few years, aiding the growth of the market.
The penetration of e-commerce has been considerably growing in the region owing to the increased adoption of the internet and the emergence of various e-commerce-based services in the country. In 2021, over 66% of the Canadian population purchased products online, and the percentage is projected to cross the 77% mark by 2024.
Online distribution of packaged food products creates additional packaging requirements owing to the extensive demand for logistics and supply chain activities. Therefore, the growing penetration of e-commerce in Canada is expected to contribute to the growth of the market in the region.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Food Packaging Market
5.1. COVID-19 Landscape: Food Packaging Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Food Packaging Market, By Type
8.1. Food Packaging Market, by Type, 2022-2030
8.1.1 Rigid
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Semi-rigid
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Flexible
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Food Packaging Market, By Material
9.1. Food Packaging Market, by Material, 2022-2030
9.1.1. Paper & Paper-based
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Plastic
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Metal
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Glass
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Food Packaging Market, By Application
10.1. Food Packaging Market, by Application, 2022-2030
10.1.1. Bakery & Confectionery
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Dairy Products
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Fruits &Vegetables
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Meat, Poultry, & Seafood
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Sauces & Dressings
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Food Packaging Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.2. Market Revenue and Forecast, by Material (2017-2030)
11.1.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Material (2017-2030)
11.1.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.1.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Material (2017-2030)
11.2.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Material (2017-2030)
11.3.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.6.3. Market Revenue and Forecast, by Application (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Material (2017-2030)
11.4.7.3. Market Revenue and Forecast, by Application (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.5.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Material (2017-2030)
11.5.4.3. Market Revenue and Forecast, by Application (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Material (2017-2030)
11.5.5.3. Market Revenue and Forecast, by Application (2017-2030)
Chapter 12. Company Profiles
12.1. Amcor plc
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Sealed Air
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Sonoco Products Company
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Berry Global, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. WestRock Company
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Mondi
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Genpak LLC
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Pactiv LLC
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Chantler Packages
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. WINPAK LTD.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers