September 23, 2021
Food Packaging

Food Packaging Market Revenue Will Cross US$ 464.98 Billion by 2027

The global food packaging market value is expected to reach US$ 464.98 Billion by the end of 2027, decelerating at a CAGR of 5.4% from 2020 to 2027. The report contains 150+ pages with detailed analysis. The study provides the overall revenue of the global food packaging market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global food packaging market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the food packaging industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

The modern day food packaging solution provides tampering & biological safety, complete protection, and counterfeit resistance. It often includes nutritional information on the label along with additional facts about the product offered for sale. Emergence of labels or packaging has helped marketers to trap potential customers. Packaging further plays a vital role in assuring customer satisfaction along with information transmission. Food packaging instructs customers on how the product should be used, recycled, transported, disposed, and many other significant information.

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Growth Factors

The food packaging market is projected to exhibit prominent growth over the analysis period with the advent of various production facilities having an objective of catching up with the latest trends in the market. In addition, rapid changes in the lifestyle of the people along with shifting food preferences of consumers towards packaged food expected to drive the market growth over the forecast period. Further, increasing preference of people for processed food owing to shift in population dynamics from rural to urban areas also propels the growth of the food packaging market.

The market is further driven by numerous factors that include shifting consumer preference towards processed & specialty food, adoption of various marketing strategies by key players in the industry, advancement in materials used for food packaging, rising demand for food packaging materials along with increasing awareness of consumers towards the necessity of good quality food packaging especially in developing countries. Introduction to various technologies for manufacturing processed food products’ packaging solutions as well as introduction of different types of packaging solutions for food packaging further fuel the growth of the market.

Report Highlights

  • The Asia Pacific estimated to be the dominant market, followed by North America and Europe, accounting for around 40% of the total value share in the year 2019
  • High consumption of packaged food by consumers, thriving retail sector, and presence of numerous manufacturers are the key factors projected to propel the market growth in North America
  • The paper and paper-based material segment led the global market and accounted for a value share of nearly 32% in 2019 due to its high adoption in a bid to substitute non-biodegradable packing solutions
  • Plastic food packaging anticipated to witness considerable growth owing to its increasing adoption because of its low price along with rising usage of plastic films in secondary food packaging
  • Based on type, rigid packaging is increasingly used due to its properties that include high barrier to moisture, light, and oxygen that prevents food from getting contaminated
  • Flexible packaging expected to be the fastest growing segment by type owing to its ability to form lighter, thinner, and compact packing solution
  • Bakery and confectionery products generally require high moisture barrier packaging so as to extend their shelf life that contribute prominently towards the growth of the application
  • Increasing consumer inclination toward dairy products in smaller packs owing to shrinking households anticipated to augment the market growth for dairy products

Regional Snapshots

The Asia Pacific expected to lead the global food packaging market followed by North America and Europe. Besides this, the region has reached its maturity stage that is projected to subsidize the growth of the region in food packaging market. India and China are predicted to be the most lucrative regions among other Asian countries and analyzed to dominate the market during the forecast period. This is mainly due to an increase in demand for healthy food fueled by the escalating growth in population.

Moreover, increasing demand for packaged food due to positive impact of western culture in eating habits along with technological development and innovation in packaging material together with techniques anticipated to propel the overall market growth in the coming years. Also, an increase in Foreign Direct Investments (FDI) in the food industry along with significant consumption of packaged food among consumers expected to further drive the growth of the market.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global food packaging market are as follows:

  • Berry Plastics Group
  • Amcor Plc
  • Sigma Plastics Group
  • Sealed Air Corporation
  • DS Smith PLC
  • American Eagle Packaging
  • Ball Corporation
  • Crown Holdings, Inc.
  • Huhtamaki Oyj.
  • Ardagh Group

Market Segmentation

By Material

  • Plastics
  • Paper & Paper-based
  • Glass
  • Metal
  • Others

By Type

  • Semi-rigid
  • Rigid
  • Flexible

By Application

  • Dairy Products
  • Bakery & Confectionary
  • Fruits & Vegetables
  • Sauces & Dressings
  • Meat, Poultry, & Seafood
  • Others

 Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights covered in the report includes:

Market Demand-Supply Analysis – The report covers detailed insights into demand and supply forces prevailing in the global food packaging market. It examines trends and factors influencing demand for food packaging globally and gauges the impact of the same on the production.

Pricing Analysis – The report presents exclusive pricing analysis. It compares pricing strategies adopted by the leading market players and identifies the most remunerative strategies.

Market Segmentation – The report segments the global market in terms of diverse criteria. It identifies the leading segment within each category and identifies growth drivers and restraints affecting growth across each segment.

Regional Analysis – The report segments the market in terms of North America, Europe, Latin America, Asia Pacific, and Rest of the World in terms of region. It has chapters exclusively dedicated to analyzing growth trends across each region. It identifies growth drivers as well challenges affecting demand for food packaging across the world.

Competitive Analysis – Some of the leading market players are profiled in the report on food packaging. The report offers estimation of share individually help by the market players and determines the impact of some of their popular strategies.

COVID-19 Impact Analysis – This chapter is exclusively dedicated to gauging how the market has evolved or will develop in the post-pandemic era.

Growth Recommendations – In the end, the report presents valuable recommendations to ready businesses for unforeseen challenges in the near future.

Why should you invest in this report?

If you are aiming to enter the global food packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for food packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

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 Type Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Food Packaging Market, By Material

7.1. Food Packaging Market, by Material Type, 2020-2027
7.1.1. Plastics
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Paper & Paper-based
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Glass
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Metal
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Food Packaging Market, By Application

8.1. Food Packaging Market, by Application, 2020-2027
8.1.1. Dairy Products
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Bakery & Confectionary
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Fruits & Vegetables
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Sauces & Dressings
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Meat, Poultry, & Seafood
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Food Packaging Market, By Type

9.1. Food Packaging Market, by Type, 2020-2027
9.1.1. Semi-rigid
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Rigid
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Flexible
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Food Packaging Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Material (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Type (2016-2027)

Chapter 11. Company Profiles

11.1. Berry Plastics Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Amcor Plc
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Sigma Plastics Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Sealed Air Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. DS Smith PLC
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. American Eagle Packaging
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Ball Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Crown Holdings, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Huhtamaki Oyj.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Ardagh Group
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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