Global Food Packaging Market Size, Share and Forecast 2020-2026

Posted by nabeel on November 28th, 2020

The global food packaging market is projected to grow at a CAGR of 6.5% during the forecast period. The key factors that drive the growth of the market include several advancements in the food packaging industry. Some of the advancements include active packaging, antimicrobials, intelligent packaging, and nanotechnology in packaging. The industry has been significantly introducing advanced packaging options that have led to improved food quality and safety. Such advancements in the food packaging industry have primarily focused on delaying oxidation and controlling moisture migration, volatile flavors and aromas, microbial growth, and respiration rates.

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Further, the presence of the key players has also contributed to the food packaging industry growth over the forecast period. American Packaging Corp., Ball Corp., Bemis Co. Inc., Berry Global, Inc., DS Smith Plc, International Paper Co., Mondi Plc, Sealed Air Corp., Smurfit Kappa Group, Sonoco Products Co., and Stora Enso Oyj are among the prominent market players contributing to the market growth. For instance, in June 2019, Mondi Plc announced to build fully recyclable polypropylene for thermoforming applications. This step is also intended to reduce carbon emissions by 23% in packaging. Thus, this is likely to contribute to the food packaging market growth.

Market Coverage

Market numbers available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Material, By Packaging, and Application
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Ball Corp., Sealed Air Corp., International Paper Co., Mondi Group Plc, Smurfit Kuppa Group Plc, and Stora Enso Oyj

Global Food Packaging Market – Segmentation
By Material 
Paper & Paperboard

By Packaging 
Flexible Packaging
Semi-Rigid Packaging 
Rigid Packaging

By Application
Dairy Products
Fruits & Vegetables
Bakery & Confectionery
Poultry & Meat Products
Convenience Food

Global Food Packaging Market – Segmentation by Region 
North America 
Rest of Europe

Rest of Asia-Pacific

Rest of the World
Latin America
Middle East Africa

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Joined: November 26th, 2020
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