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Global Food Packaging Market Expected to Reach USD 651.7 Billion by 2033 - IMARC Group
December 04, 2024
| Packaging
Global Food Packaging Market Statistics, Outlook and Regional Analysis 2025-2033
The global food packaging market size was valued at USD 405.4 Billion in 2024, and it is expected to reach USD 651.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.86% from 2025 to 2033.
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The increasing use of sustainable packaging has been identified as one of the major trends in the global food packaging market. This is due to the rising environmental consciousness of consumers as more and more people opt for green products. New and improved materials that are being used include biodegradable plastics, paper based packaging, and recyclable materials, further accelerating the market growth. Bioplastics, which are made from renewable resources, such as corn starch and sugarcane, are gradually replacing regular plastics due to their sustainability. However, it is also noticeable that many companies are implementing active packaging technologies that not only enhance the products’ shelf life but also minimizes waste. For instance, in October 2024, Fortum Recycling & Waste successfully produced biodegradable plastic from CO2 emissions at its Riihimäki plant in Finland. This innovation, part of the Carbon2x program, captures CO2 from waste incineration and transforms it into sustainable plastic, offering an alternative to fossil-based materials.
Another major driver for the food packaging market is the increasing demand for convenience foods. As urbanization continues to rise and consumer lifestyles become more fast-paced, there is a growing preference for ready-to-eat and easy-to-prepare food products. This change has therefore been accompanied by an increase in the demand for packaging that is convenient, portable and has a longer shelf life. Some of the packaging innovations that address these consumer needs include microwaveable containers, resealable pouches, recycle ready solutions, and portion sized packaging. For instance, in November 2024, Korozo Group introduced its advanced flexible packaging innovations at Pack Expo 2024 in Chicago. The collection includes skin films, thermoforming films, stand-up pouches, and recycle-ready solutions like KoroRCY. These films offer superior barrier properties and clarity, making them suitable for various food applications. The company aims to promote sustainability and innovation in the North American market. Additionally, food safety concerns drive the need for protective packaging that preserves the quality and freshness of these products.
Global Food Packaging Market Statistics, By Region
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. According to the report, North America accounted for the largest market share on account of robust innovation, sustainable solutions, and strong industry advancements.
North America Food Packaging Market Trends:
North America is the leading region in the global food packaging market, propelled by a strong demand for innovative and sustainable packaging solutions. The region’s magnifying food processing industry, together with high consumer demand for convenience foods, fuels the growth of the market. In addition to this, stringent food safety regulations combined with growing focus on reducing environmental impact have spurred advancements in packaging technologies. The presence of major packaging companies and a shift towards eco-friendly alternatives further strengthens North America's dominance. For instance, in September 2024, Seda North America launched its compostable Double Wall cold cups and EcoFit lids in the North American market. Designed to meet rising demand for sustainable packaging, these products feature innovative designs that enhance beverage experience and reduce environmental impact. The EcoFit lid, made from compostable paperboard, offers leak resistance and lowers water and energy consumption during manufacturing. In turn, the region continues to lead in market share and innovation within the food packaging sector.
Asia-Pacific Food Packaging Market Trends:
The Asia Pacific food packaging market is expanding due to increasing rates of urbanization, surging disposable incomes, and the rising demand for convenience food. Another significant factor includes magnifying food and beverage industries, followed by a growing awareness of sustainable packaging solutions that further enhance growth. Moreover, technological advancements and innovations in packaging materials play a crucial role in market expansion.
Europe Food Packaging Market Trends:
The food packaging market is primarily motivated in Europe due to intense environmental standards and increasing consumer inclination toward sustainable packaging. Additionally, the increase in growth of innovations in biodegradable and recyclable materials, further enhancing the market growth. The growth in available advanced packaging technologies serves as another major factor which boosts the product shelf life while enhancing the kinetics of the market growth in the region.
Latin America Food Packaging Market Trends:
Several key factors driving the food packaging market in Latin America, such as rising middle-class populations, surging demand for packaged food, and urbanization in the region. Furthermore, another key factor is the growing concerns for sustainability, along with stringent environmental regulations, thereby supporting the developments in green packaging solutions and market performance.
Middle East and Africa Food Packaging Market Trends:
The market for food packaging in MEA is gradually advancing at an unremitting rate due to the evolving concentration of consumers on the food packaging products. The adoption of sustainable materials in packaging is extending because of the increased employment of environmentally sustainable packaging materials, an aspect fueled by the improving disposable income of the populace.
Top Companies Leading in the Food Packaging Industry
Some of the leading food packaging market companies include Amcor PLC, Crown Holdings Incorporated, Owens-Illinois Inc., Tetra Pak Ltd., American Packaging Corporation, Ball Corporation, among many others. In October 2024, Tetra Pak, in partnership with Lactalis, introduced a new food packaging solution made from certified recycled polymers sourced from used beverage cartons processed in Spain. This collaboration marks a first in the beverage carton industry. The new packaging is certified by ISCC PLUS that aligns with sustainability goals, reducing reliance on fossil-based materials and meeting consumer demand for eco-friendly solutions.
Global Food Packaging Market Segmentation Coverage
- On the basis of the packaging type, the market has been categorized into flexible, paper and paperboard, rigid plastic, glass, and metal, and other packaging, wherein flexible packaging represent the leading segment linked to its versatility, cost-effectiveness, and ability to secure product freshness. Its lightweight nature and convenience act as a significant driver that make it a foremost choice for a variety of food products. Apart from this, magnifying demand for eco-friendly packaging has elevated the innovation in this segment.
- Based on the application, the market is classified into bakery, confectionary, pasta, and noodles, dairy products, sauces, dressings, and condiments, snacks and side dishes, convenience foods, meat, fish, and poultry, fruits and vegetables, and others, amongst which bakery, confectionary, pasta and noodles dominates the market. This preeminence can be attributed to their high utilization rates and the requirement for convenient, longer-lasting packaging. Additionally, packaged food's freshness and visual appeal hold a strong position in this segment. Besides this, the preference of ready-to-eat and packaged food is gaining consumer's interest, which continues to enhance their market position.
| Report Features | Details |
|---|---|
| Market Size in 2024 | USD 405.4 Billion |
| Market Forecast in 2033 | USD 651.7 Billion |
| Market Growth Rate 2025-2033 | 4.86% |
| Units | Billion USD |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
| Packaging Types Covered | Flexible, Paper and Paperboard, Rigid Plastic, Glass, Metal, Others |
| Applications Covered | Bakery, Confectionary, Pasta, and Noodles, Dairy Products, Sauces, Dressings, and Condiments, Snacks and Side Dishes, Convenience Foods, Meat, Fish, and Poultry, Fruits and Vegetables, Others |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Amcor PLC, Crown Holdings Incorporated, Owens-Illinois Inc., Tetra Pak Ltd., American Packaging Corporation, Ball Corporation, etc. |
| Customization Scope | 10% Free Customization |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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