According to the latest report by IMARC Group, titled “Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the market. The food packaging market report also includes competitor and regional analysis, and contemporary advancements in the market. The global food packaging market growth size reached US$ 363.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 512.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.94% during 2023-2028.
Food Packaging Market Overview:
Food packaging refers to the materials and containers used to store, protect, and distribute food products. It plays a crucial role in preserving the quality and safety of food from the time it is manufactured until it reaches consumers. It serves as a barrier against physical, chemical, and biological contaminants, protecting the food from moisture, light, air, and bacteria. It also helps in preventing food waste by reducing spoilage and extending the product's shelf life. Additionally, packaging provides vital information to consumers, such as nutritional facts, ingredient lists, allergen warnings, and storage instructions, aiding them in making informed decisions about the food they consume. It aids to promotes food products, increases their value, and extends their shelf life. Some commonly used food packaging materials include paper and board, plastics, aluminum, glass, and composites.
Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/food-packaging-market/requestsample
Covid-19 Outbreak Analysis:
The rapid outbreak of coronavirus disease (COVID-19) and the subsequent lockdown restrictions have negatively impacted the food packaging market worldwide. The mandatory closure of restaurants, retail shops and home delivery services had adversely affected the sales of food items during the onset of the pandemic. However, multiple humanitarian organizations have developed innovative interventions for supplying essential needs, including food and water, to the affected group of individuals. Along with this, continuous improvements in the e-commerce sector and the rising preference for home delivery services are also favorably impacting the market.
Global Food Packaging Market Trends and Drivers:
Significant growth in the food and beverage sector is driving the global market. Moreover, on account of rapid urbanization, escalating busy lifestyles, and changing dietary habits, there is a growing demand for processed and convenience foods. Besides, continual advancements in packaging materials, such as bio-based and biodegradable materials, active and intelligent packaging solutions, and improved barrier properties, are providing a boost to the market. In line with this, the increasing demand for sustainable packaging solutions involving recyclable and biodegradable materials that maximize the use of space while reducing pollution levels is propelling the market. Furthermore, the governments of several countries are enforcing strict regulations and standards for food packaging to ensure consumer safety and product quality, thus supporting the growth of the market.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/food-packaging-market
Key Market Segmentation:
Top Food Packaging Companies Worldwide:
- Amcor PLC
- Crown Holdings Incorporated
- Owens-Illinois Inc.
- Tetra Pak Ltd.
- American Packaging Corporation
- Ball Corporation
Breakup by Packaging Type:
- Flexible
- Paper and Paperboard
- Rigid Plastic
- Glass
- Metal
- Others
Breakup by Application:
- Bakery, Confectionery, Pasta, and Noodles
- Dairy Products
- Sauces, Dressings, and Condiments
- Snacks and Side Dishes
- Convenience Foods
- Meat, Fish, and Poultry
- Fruits and Vegetables
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
