Food Packaging Industry Data Book-Market Size, Share, Trends Analysis, And Segment Forecasts, 2023-2030

 Food Packaging Industry Data Book | Forecast 2030

Food Packaging Industry Data Book - Flexible Food Packaging, Fresh Food Packaging, Food Container and Micro-perforated Food Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s food packaging industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

 

Access the Global Food Packaging Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies


Food Packaging Market Report Highlights

The global food packaging market size is expected to reach USD 562.3 billion by 2030, expanding at 5.7% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc.

  • Flexible packagingis expected to register the highest CAGR of 6.3% in terms of revenue from 2023 to 2030, owing to its cost-effectiveness, high performance, and constant innovations undertaken by major manufacturers
  • Paper & paper-based packaging is estimated to be the fastest growing segment, exhibiting a CAGR of 6.4% from 2023 to 2030, owing to its low cost and sustainability
  • The bakery and confectionary segment is anticipated to be the largest application, which recorded a market value of USD 100.6 billion in 2022, due to growing demand for cakes, candies, and frozen ready-to-eat bakery products
  • Asia Pacific is expected to dominate the food packaging industry in 2022 and is expected to continue its dominance on account of a growing population, increasing urbanization, and rising disposable income of consumers
  • The food packaging industry is highly fragmented and is characterized by the presence of a large number of players. Key players comprise Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC
  • In May 2023, Amcor plc inked a definitive agreement to acquire New Zealand-based Moda Systems. This acquisition is expected to help Amcor expand its existing film portfolio and offer an end-to-end packaging solution incorporating even the sales of packaging machines

 

Fresh Food Packaging Market Report Highlights

The global fresh food packaging market size is expected to reach USD 181.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.0% from 2021 to 2028.

  • The flexible segment accounted for a significant revenue share of 47.6% in 2020. Manufacturers are actively investing in increasing the production capacity of flexible packaging owing to the increasing preference for economical and low-cost packaging by the application industry
  • The plastic material segment accounted for the largest revenue share of 37.2% in 2020 and is expected to witness a CAGR of 4.7% over the forecast period. Abundant raw material availability and lower costs owing to high production levels in APAC and North America are responsible for the high market share
  • The dairy products segment dominated the market in 2020 and is expected to witness a CAGR of 5.3% over the forecast period. Higher dependency on milk for daily protein requirement in developing countries is expected to drive the demand for dairy products, thereby driving the market
  • In Asia Pacific, the market is estimated to witness the highest CAGR of 6.3% from 2021 to 2028. Abundant raw material availability and large output from application industries are responsible for the high market share and fastest growth
  • Key companies are increasingly offering custom packaging solutions to end-use companies; besides key companies are increasingly focusing on the use of recycled material as it offers complete sustainability

 

Order your copy of the Free Sample of “Food Packaging Industry Data Book - Flexible Food Packaging, Fresh Food Packaging, Food Container and Micro-perforated Food Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030”, published by Grand View Research

 

Food Container Market Report Highlights

The global food container market size is anticipated to reach USD 201.9 billion by 2028, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc.

  • The plastic material segment accounted for the largest revenue share of over 46% in 2020 owing to high demand for plastic as it is durable, inexpensive compared to alternatives, and available in different shapes and sizes
  • The metal segment is expected to grow at a significant CAGR from 2021 to 2028 owing to properties of metal, such as reusability and durability. However, the material’s higher price and weight compared to plastic may retrain the segment growth
  • The cans product segment is expected to witness the fastest CAGR from 2021 to 2028 on account of the increasing demand for canned foods across the globe, such as canned tuna and vegetables/fruits
  • The bottles and jars product segment accounted for the maximum revenue share in 2020 and will expand at a steady CAGR from 2021 to 2028

 

Micro Perforated Food Packaging Market Report Highlights

The global micro-perforated food packaging market size is projected to reach USD 1.96 billion by 2025 expanding at a CAGR of 5.7% during the forecast period, according to a new report by Grand View Research, Inc.

  • In terms of revenue, the global micro-perforated food packaging market is anticipated to reach USD 1.96 billion by 2025, at a CAGR of 5.7% from 2018 to 2025
  • By material type, polypropylene is expected to witness steady growth over the forecast period owing to increasing demand from food manufacturers
  • On the basis of application, fruits & vegetables dominated the market with a revenue-based share of 48.1% in 2017, owing to significant demand from retail stores
  • The competition is intense among key players owing to the fact that the products offered by manufacturers have low differentiation
  • Some of the key companies present in the market are Sealed Air, Mondi, Bolloré Group, Amcor Limited, Uflex Ltd, TCL Packaging, COVERIS, Amerplast, NOW Plastics, and Aera.

 

Go through the table of content of Food Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study

 

Competitive Insights

The food packaging market is characterized by intense competition, with both public and private companies focusing on product development and innovations. Public companies with established production bases, expanded product portfolios, and distribution channels are gaining a competitive edge in the market. Key public companies present in the market include Berry Global Inc. Amcor Plc, and DS Smith. Along with food packaging, companies also provide packaging solutions for healthcare, cosmetics, food service, and industrial sectors.

  • In April 2022, WestRock Company partnered with a Canada-based food chain named Swiss Chalet Partners to introduce paperboard recyclable packaging for their Canada outlets
  • In May 2022, Berry Global, Inc. launched a plastic cup in partnership with Taco Bell, which contained mechanically recycled post-consumer resins (PCR).
  • In April 2022, Mondi provided a thermally protective and recycled packaging solution to a London-based food startup named Tyme.

 

Check out more Industry Data Books, published by Grand View Research

 

About Grand View Research

 

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

Follow Us: LinkedIn | Twitter

 

Comments

Post a Comment

Popular posts from this blog

Stevia Drinks Market CAGR Value, Outlook, Analysis and Future Forecast 2025

This report studies the global market size of Stevia Drinks in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Stevia Drinks in these regions. This research report categorizes the global Stevia Drinks market by players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis. Download Free Sample Report @ https://www.radiantinsights.com/research/global-stevia-drinks-market-insights-forecast-to-2025/request-sample In 2017, the global Stevia Drinks market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Stevia Drinks market based on company, product type, appli
Read more

MEA Cold Chain Market forecast, challenge and analysis to 2014 - 2025

The MEA cold chain market is anticipated to reach USD 11.45 billion by 2025, according to a new report by Radiant insights, inc. Improving the packaging of crops has become essential owing to the expansion of trade over the past few years. As such, the materials used for packaging play a significant role in enhancing the storage life. Pre-cooling refers to the optimal storage temperature of crops to reduce the metabolic and microbiological changes. Moreover, proper storage extends the shelf-life of crops before they are consumed. Various cooling methods include forced air cooling, vacuum cooling, room cooling, package icing, and hydro cooling. Factors determining the selection of pre-cooling methods include convenience, economy, and utilization of the existing equipment. Download full research Report @ http://www.radiantinsights.com/research/mea-cold-chain-market Increasing usage of devices such as RFID readers and barcode scanners to streamline inventory and shipping management
Read more

Success Case Study: Lily's Kitchen Pet Food - Tapping into a gap in the market for natural and organic pet food for dogs and cats

Success Case Study: Lily's Kitchen Pet Food - Tapping into a gap in the market for natural and organic pet food for dogs and cats Summary " Success Case Study: Lily's Kitchen Pet Food " is part of GlobalData's Successes and Failures research. It examines the details and the reasons behind the success of Lily's Kitchen in the U.K. It delivers the critical "what?", "why?" and "so what?" analysis to teach you crucial lessons that increase your chances of launching successful products in the pet food market. Lily's Kitchen was founded in 2008 by former magazine publisher Henrietta Morrison, with the intention of providing nutritious and wholesome pet food made with natural, organic ingredients. It has capitalized on the demand for natural, organic pet food by addressing and catering to the individual needs of pets. Download full research Report @ http://www.radiantinsights.com/research/success-case-study-lily-s-kitchen-pe
Read more