Global Food Packaging Market (2020-2026) | Share, Value, COVID-19 IMPACT, Revenue, Size, Outlook, Forecast, Industry, Growth, Companies, Analysis & Trends

Global Food Packaging Market is expected to register substantial growth in the upcoming years. Increased consumption of convenience or processed foods is driving the food packaging market to another level. Convenience food is a major trend in modern societies which are also called ready-to-eat meals which are stored in different types of packaging. Their prominence in the modern diet is the result of the urbanization of society and busy life. Convenience and visual appeal are the two factors that drive the growth of the Food Packaging Market all over the world. Hence, they are attracting more consumers. In developing nations like India and China, the rapid changes in the lifestyle of people and changing food preferences of consumers along with population growth is projected to drive the growth of the market over the forecast period. The Global Food Packaging market is further driven by various factors such as the trend of consumers shifting towards processed foods and innovation in Material Types used for packaging of food products to store it for a longer period. The increasing use of ready-to-eat meals is estimated to provide abundant growth opportunities for the Global Food Packaging Market. Further, changing eating habits and evolving lifestyle have a crucial impact on this market. Stringent government rules and regulations regarding raw packaging Material Types are the biggest restrain in the food packaging market.

According to 6Wresearch, Global Food Packaging Market Size is anticipated to register growth during 2020-26. At present, Asia Pacific accounted for the highest share of the global food packaging market. This region is estimated to remain the largest over the forecast period due to rising urban population levels and Infrastructure development, which is expected to support the growing need for packed goods in China, Japan, and India. The rise in per capita disposable income and growing young population shall aid in the product demand in developing countries such as India and China. Growing demand for environment-friendly packaging solutions with ease of handling and low costs and increased disposable income plays a major role in fueling the growth of the global packaging market. The packaging industry has witnessed high demand due to unique and attractive packaging for different types of food products because fruits and vegetables are perishable and they get spoiled when they come in contact with moisture, and thus, they need flexible packaging. According to the World Packaging Organization (WPO), the revenue of the global packaging industry is over USD 500 billion.

Based on Material Types, the market is segmented into glass, metal, paper & paperboard, woods and plastics. Amongst these, the paper and paperboards segment accounts for the largest market share owing to its recyclable and eco-friendly nature, versatility and fewer carbon emissions are making it suitable for usage in food packaging. Increasing usage of paper in the packaging of various eatables is one of the major factors which boost the demand for the environment-friendly packaging market. Growing demand for glass packaging for food products such as milk, and dairy products owing to its non-reactive, recyclable, and washable characteristics are expected to register an increase in market size substantially. The plastic used in food packaging is most feasible as it is lightweight, cost-effective and flexible and protects food from damage because most of the plastic resins used in packaging are recyclable. Increasing consumption of beverages has led to a rise in plastic demand which in turn favor market growth. The growing demand for convenience and packaged foods spur the Global Food Packaging Market.

The Global Food Packaging Market report thoroughly covers the market by Application, Material Type, Product Type and regions including North America, Europe, Asia pacific, Latin America and the Middle East and Africa. The Global Food Packaging market outlook report provides an unbiased and detailed analysis of the on-going Global Food Packaging market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Global Food Packaging Market Outlook
• Global Food Packaging Market Overview
• Global Food Packaging Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Food Packaging Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Material Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Food Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Food Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East and Africa Food Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Food Packaging Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Food Packaging Market
• Market Drivers and Restraints
• Global Food Packaging Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Food Packaging Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Application:
• Bakery and Confectionary
• Dairy Products
• Fruits and Vegetables
• Meat, poultry, and Seafood
• Sauces and Dressings
• Others
• By Product Type:
• Rigid
• Semi-rigid
• Flexible
• By Material Type:
• Paper & Board
• Plastic
• Metal
• Glass
• Others
• By Regions:
• Middle East and Africa
• Latin America
• Asia Pacific
• Europe
• North America

Frequently Asked Questions About the Market Study (FAQs):