Food packaging is a process of enclosing food to prevent it from contamination, damage, pest attacks, spoilage, and getting damaged at the time of storage, transport, and retail sale. The packaging material is used for the packing of different food products and several other types of products such as cans, bags, cartons, and trays. The food packaging assists in many purposes ranging from protecting the food to creating portion sizes to present the information on the product.

To have an edge over the competition by knowing the market dynamics and current trends of “Food Packaging Market,” request for Sample Report here

The global food packaging market is mainly driven by numerous factors that include the rising urban population and the changing consumption pattern of consumers, especially in the developing economies driven by the rapid change in the lifestyle. Additionally, the strong demand for ready-to-eat and frozen food products as a result of the growing working population and the retail sector’s expansion will further surge the demand of the market in the coming years. The technological advancement in the food packaging industry such as the advent of micro packaging, smart packaging wherein the packaging changes color if the food is contaminated and several research & development activities for bringing innovations in the packaging method will attract a large number of consumer base to the market. The food packaging solution offers remarkable advantages such as enhanced safety level of food products, the extended shelf life of the products, and increased convenience. In parallel, the inclination of consumers towards sustainable and environment-friendly packaging and rising concerns for food safety and food contamination is thriving innumerable growth opportunities for the market. The factors that are hindering the growth of the global food packaging market include the adverse effects of the packaging materials and rising concerns related to the generation of waste.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the type, the Rigid Packaging segment is expected to increase at a higher CAGR during the forecast period owing to the accelerating implementation of this type of packaging for fruits, vegetables, and other easily destroyable food products. The rigid packaging offers exceptional advantages such as the ability to survive in extreme environments, not degrade easily in cold and hot temperatures, and enhanced protection of the product. All these factors will have a positive impact on the growing demand for the segment.

Based on the application, the Bakery & Confectionery segment is anticipated to grow at a higher CAGR over the forecast period owing to the rising adoption of food packaging across this application, such as candies, chocolates, and cakes. Furthermore, the strong demand for such products as a result of the attractive packaging of these products.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Based on the region, Asia-Pacific is anticipated to dominate the market over the forecast period owing to the increasing population rate, which leads to a rise in the demand for food and the growing inclination of consumers towards packaged food products. Additionally, an increase in the urban population, expansion in the retail infrastructure, along with the growing penetration of frozen food in China and the presence of several leading  manufacturers are some other key factors driving the growth of the food packaging market in this region.

Various notable players operating in the market include Ball Corporation, Amcor plc, EasyPak, Crown, Sealed Air, WestRock Company, Tetra Pak International S.A., Owens-Illinois Inc., Silgan Holdings, Inc., and Toyo Seikan Group Holdings, Ltd, among others.

Key Developments:

• • In 2020, Amcor plc entered into a collaboration with Moda vacuum packaging systems to offer advanced packaging solutions to the customers. In this collaboration, the company will combine its shrink bag and stock film for cheese and meat with the system of Moda to assist the producers to enhance the operational efficiency and also reduce the
  • In 2019, Sealed Air acquired the flexible packaging business of MGM to expand its operation in food packaging and footprint in the Asia Pacific market.

The global food packaging market has been segmented on the basis of material, type, application, and region. Based on the material, the market is segmented into rigid plastic, paper & board, glass, flexible plastic, metal, and other packaging material. Based on the type, the market is segmented into flexible packaging, rigid packaging, and semi-rigid packaging. Based on the application, the market is segmented into bakery & confectionery, dairy products, fruits & vegetables, convenience foods, sauces, dressings & condiments, meat, fish, & poultry, and other food products.

For detailed scope of the “Food Packaging Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global food packaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global food packaging market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global food packaging market?
  • Which material generated maximum revenues in 2019 and identify the most promising material during the forecast period?
  • What are the various application areas of the food packaging, and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Material, By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Ball Corporation, Amcor Ltd, Nuconic Packaging LLC, Crown Holdings, Inc., Sealed Air Corp., Rock-Tenn Company, Tetra Pak International S.A., Owens-Illinois Inc., Silgan Holdings, Inc., and Toyo Seikan Group Holdings, Ltd, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Food Packaging Market by Material

• • Rigid Plastic
  • Paper & Board
  • Glass
  • Flexible Plastic
  • Metal
  • Other Packaging Material

Global Food Packaging Market by Type

• • Flexible Packaging
  • Rigid Packaging
  • Semi-Rigid Packaging

Global Food Packaging Market by Application

• • Bakery & Confectionery
  • Dairy Products
  • Fruits & Vegetables
  • Convenience Foods
  • Sauces, Dressings & Condiments
  • Meat, Fish, & Poultry
  • Other Food Products

Global Food Packaging Market by Region

• • North America Food Packaging Market (Option 1: As a part of the free 25% customization)
    • North America Food Packaging Market by Material
    • North America Food Packaging Market by Type
    • North America Food Packaging Market by Application
    • United States of America (US) Food Packaging Market All-Up
    • Canada Food Packaging Market All-Up
  • Europe Food Packaging Market (Option 2: As a part of the free 25% Customization)
    • Europe Food Packaging Market by Material
    • Europe Food Packaging Market by Type
    • Europe Food Packaging Market by Application
    • United Kingdom (UK) Food Packaging Market All-Up
    • Germany Food Packaging Market All-Up
    • France Food Packaging Market All-Up
    • Spain Food Packaging Market All-Up
    • Rest of Europe Food Packaging Market All-Up
  • Asia-Pacific Food Packaging Market (Option 3: As a part of the free 25% Customization)
    • Asia-Pacific Food Packaging Market by Material
    • Asia-Pacific Food Packaging Market by Type
    • Asia-Pacific Food Packaging Market by Application
    • China Food Packaging Market All-Up
    • India Food Packaging Market All-Up
    • Japan Food Packaging Market All-Up
    • Rest of APAC Food Packaging Market All-Up
  • RoW Food Packaging Market (Option 4: As a part of the free 25% Customization)
    • RoW Food Packaging Market by Material
    • RoW Food Packaging Market by Type
    • RoW Food Packaging Market by Application
    • Brazil Food Packaging Market All-Up
    • South Food Packaging Market All-Up
    • Saudi Arabia Food Packaging Market All-Up
    • UAE Food Packaging Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Food Packaging Market All-Up

Major Players Operating the Food Packaging (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Ball Corporation
  • Amcor Ltd
  • Nuconic Packaging LLC
  • Crown Holdings, Inc.
  • Sealed Air Corp.
  • Rock-Tenn Company
  • Tetra Pak International S.A.
  • Owens-Illinois Inc.
  • Silgan Holdings, Inc.
  • Toyo Seikan Group Holdings, Ltd