The global food packaging market is projected to grow at a CAGR of 6.5% during the forecast period. The key factors that drive the growth of the market include several advancements in the food packaging industry. Some of the advancements include active packaging, antimicrobials, intelligent packaging, and nanotechnology in packaging. The industry has been significantly introducing advanced packaging options that have led to improved food quality and safety. Such advancements in the food packaging industry have primarily focused on delaying oxidation and controlling moisture migration, volatile flavors and aromas, microbial growth, and respiration rates.
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Further, the presence of the key players has also contributed to the food packaging industry growth over the forecast period. American Packaging Corp., Ball Corp., Bemis Co. Inc., Berry Global, Inc., DS Smith Plc, International Paper Co., Mondi Plc, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., and Stora Enso Oyj are among the prominent market players contributing to the market growth. For instance, in June 2019, Mondi Plc announced to build fully recyclable polypropylene for thermoforming applications. This step is also intended to reduce carbon emissions by 23% in packaging. Thus, this is likely to contribute to the food packaging market growth.
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- Market numbers available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Material, By Packaging, and Application
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Ball Corp., Sealed Air Corp., International Paper Co., Mondi Group Plc, Smurfit Kuppa Group Plc, and Stora Enso Oyj
Key Questions Addressed by the Report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Food Packaging Market – Segmentation
- Paper & Paperboard
- Flexible Packaging
- Semi-Rigid Packaging
- Rigid Packaging
- Dairy Products
- Fruits & Vegetables
- Bakery & Confectionery
- Poultry & Meat Products
- Convenience Food
Global Food Packaging Market – Segmentation by Region
- Rest of Europe
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
- Alcoa Corp.
- Amcor Plc
- American Packaging Corp.
- AmeriPak Inc.
- Anchor Packaging Inc.
- Ardagh GroupS.A.
- Ball Corp.
- Bemis Co. Inc.
- Berry Global, Inc.
- Crown Holdings Inc.
- DS Smith Plc
- Graham Packaging Co. Inc.
- International Paper Co.
- Intrapac International LLC
- Mondi Group Plc
- Nampak Ltd.
- Paccor Group
- PPC Flexible Packaging, LLC
- Schur Flexibles Group
- Sealed Air Corp.
- Silgan Containers LLC
- Smurfit Kappa Group Plc
- Sonoco Products Co.
- Stora Enso Oyj
- Tetra Laval International SA
- WestRock Co.
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