Global Food Packaging Market size is anticipated to reach USD 411.3 billion by 2025. Food packaging is a method to protect food from contamination & damage enhance the shelf life of a food product. Packaging food is a combination of science, art and technology that is used in the transportation and selling of foods. The primary role of food packaging is to protect food from the external factors& damage and provide information regarding food ingredients and nutrition to the consumers. The food packaging market is expected to register a CAGR of 5.1% over the forecast period as the scope, product types, and its applications are increasing across the world.

The factors that play an important role in the growth of food packaging industry include increasing demand for processed food, increasing urbanization, rising disposable income, and stringent government rules & regulations regarding food safety. Moreover, improving shelf life of food products, changing lifestyle & eating habits, and crisp marketing by key manufactures are the factors which are expected to boost the growth of the market in the years to come. However, fluctuating prices of raw materials and side effects of packaging food on health are negatively affecting the growth of market. The food packaging industry is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate, and others. The market is categorized based on type, material, application and geography.

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Types that could be explored in food packaging market comprise rigid packaging, flexible packaging, semi-rigid packaging, and others. Flexible food packaging is expected to hold the largest market share in the forthcoming period due to its ability to form lighter, thinner, and compact packing. Also, shifting demand from rigid to flexible packing solution, technological innovations in product development, increasing trend of smaller packaging and cost-effective material are likely to boost the demand for flexible packaging during the projected period.

Applications such as dairy product, bakery & confectionary, meat & seafood, fruits & vegetables, sauces & dressing, and others may be explored in food packaging industry in the future period. Bakery & confectionery is expected to be the largest application due to growing demand for candies, cakes and frozen ready-to-eat bakery products. Food packaging may be explored by material such as plastics, cardboard, aluminum, metal, glass and others. Plastic packaging is expected to hold the highest market share during the forecast period due to its superior properties.

Asia Pacific is projected to be the highest market followed by North America and Europe. The increasing population in urban areas, rising per capita income, and growing demand for healthy food products in developing countries such as India & China are major factors driving the growth of the market in Asia Pacific region. The food packaging market in China is projected to grow at a significant CAGR owing to its large population and their rising purchasing power.

The key players operating in the food packaging industry are Amcor Ltd., Georgia Pacific Corporation, Bemis Company Inc., Ball Corporation, Crown Holdings Inc., International Paper Company, Sealed Air Corporation, WestRock Company, Berry Plastics, CM Packaging, Mondi Plc, RockTenn Company, Coveris Holdings S.A., D.S. Smith Plc., Tetra Park International, Owens Illinois and DS Smith PLC. Also, these players are concentrating on new joint ventures, collaborations, agreements, and strategies to improve their production facilities and gain a larger share in the market.

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Market Segment:

Food Packaging Type Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)
• Rigid
• Semi-rigid
• Flexible

Food Packaging Material Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)
• Paper & Paperboard
• Plastics
• Metal
• Glass
• Others

Food Packaging Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)
• Bakery & Confectionary
• Dairy Product
• Fruits & Vegetables
• Meat & Seafood
• Sauces & Dressing
• Others

Food Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa

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The recently published report by IMARC Group, titled “Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global food packaging market reached a value of around US$ 273.9 Billion in 2017. Food packaging represents the largest segment of the global packaging industry. This type of packaging helps in the containment, handling and delivery of a food product to the end-consumer. Food packaging is generally made from glass, plastic, paper, cardboard, metal and wood, and plays a key role in protecting the food items from outside influences and damage. Nowadays, food packaging also provides the consumers with detailed nutritional and ingredient information; offers improved traceability, convenience and tamper indication; and carries promotional items such as gifts, additional products and coupons.

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Global Food Packaging Market Trends:

The major factor facilitating the growth of the food packaging market is the inflating demand for specialty and packaged foods. The increasing number of dual income households has shifted the eating habits from traditional meals to snacks and frozen meals. Moreover, rural to urban migration, hectic lifestyles and time constraints have resulted in the rising popularity of single-serve packs which complement on-the-go consumption. In addition, the manufacturers are investing in R&D activities so as to improve the shelf-life of the food products along with the barrier property and safety of packaging by using high performance and anti-microbial materials. Apart from this, the demand for sustainable and eco-friendly packaging has also witnessed a surge in recent years on account of rising consciousness among the consumers regarding global warming and environmental pollution. Some of the other factors driving the market growth include emerging online food retail and production facility expansions by the manufacturers. Looking forward, the food packaging market is projected to cross US$ 356.7 Billion by 2023, expanding at a CAGR of 4.5% during 2018-2023.

Global Food Packaging Market Segmentation:

• On the basis of type, flexible packaging currently leads the global food packaging market share as it offers better protection against air, moisture and light. Other types of food packaging are paper and paperboard, rigid plastic, glass and metal.
• Based on application, the major segments include dairy products; bakery, confectionery, pasta, and noodles; snacks and side dishes; sauces, dressings, and condiments; meat, fish, and poultry; convenience foods; fruits and vegetables; and others. Amongst these, the bakery, confectionery, pasta, and noodles segment dominates the market.
• Region-wise, North America represents the largest food packaging market globally on account of the well-established food processing industry in the region. Other major regions include Europe, Latin America, Asia Pacific, and Middle East and Africa.
• The competitive structure of the global food packaging market is characterized by the presence of a large number of global and local manufacturers. Some of the key players operative in the market include Crown Holdings, Amcor, Bemis, Owens-Illinois, Ball Corporation, American Packaging Corporation and Tetra Pak.

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