Food Packaging Industry Trends, Opportunities, Growth Analysis and Forecast to 2028
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Reasons to buy the ‘Food Packaging’ market analysis report:
- Get a comprehensive overview of the food packaging industry at a global and regional level along with a deep-dive into select countries for each region.
- Understand the market environment with global takeaways, taking into consideration the external packaging influences and innovations in 2023.
- Gain a detailed cross-industry comparison by food pack material along with its growth contribution by sector.
- Analyze the breakdown and shift in utilizing the various pack materials across sectors during 2023-2028.
How is our ‘Food Packaging’ market report unique from other reports in the market?
- Get the latest information on how this market is advancing to formulate sales and marketing strategies. We also offer authentic market data with a high level of detail.
- Get up-to-date information and analysis to uncover emerging growth opportunities within the food packaging industry at a global, regional, and country level.
- Explore the key challenges and future growth prospects that can help companies gain insight into the country/region-specific nuances.
- Understand the key trends that drive consumer choices and future openings, which can help companies in revenue expansion.
We recommend this valuable source of information to anyone involved in the packaging industry including:
- Raw Material Manufacturers and Suppliers
- Packaging Technology Leaders, Startups/Agencies and Associations
- E-commerce Players/Retailers, Health/ Cosmetics and Toiletries /FMCG Products, White-Label Manufacturers, Suppliers and Distributors
- Business Development and Market Intelligence
- Investment Analysts and Portfolio Managers
- Professional Services – Investment Banks, PE/VC Firms
- M&A/Investment, Management Consultants, and Consulting Firms
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Food Packaging Industry Report Overview
The food packaging volume was 2 trillion units in 2023 and will grow at a CAGR of more than 1% during 2023-2028. Technology, regulations, and convenience are key factors influencing the food packaging market, while sustainability, functionality, and customer engagement are key focus areas.
Food Packaging Industry Outlook, 2023-2028 (Trillion Units)
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The food packaging industry report provides an overview of the different packaging materials’ usage across various sectors in terms of the number of units, packaging share, and growth rates during 2018-2028. The analysis also provides key packaging innovations for key industries in each of the categories analyzed. The report also includes data and analysis for five-pack materials across several sectors.
| Market Size (2023) | 2 trillion units |
| CAGR (2023-2028) | >1% |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Key Regions | · Asia-Pacific
· Middle East & Africa · The Americas · Western Europe · Eastern Europe |
| Key Pack Materials | · Rigid Plastics
· Rigid Metal · Paper & Board · Flexible Packaging · Glass |
| Key Sectors | · Dairy & Soy Food
· Bakery & Cereals · Savory Snacks · Seasonings, Dressings & Sauces |
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Food Packaging Industry Segmentation by Regions
Asia-Pacific was the leading regional segment in the food packaging industry in 2023
The key regions in the food packaging industry are Asia-Pacific, the Middle East & Africa, the Americas, Western Europe, and Eastern Europe. The low production cost and design flexibility of flexible packaging aided the packing material in becoming the most preferred one in Asia-Pacific. The region’s rising population and the resulting growth in food sectors are spurring opportunities for pack materials in the regional food industry.
Food Packaging Industry Analysis by Regions, 2023 (%)
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Food Packaging Industry Segmentation by Pack Materials
Flexible packaging was the most consumed pack material in the food packaging industry in 2023
The key pack materials in the food packaging industry are rigid plastics, rigid metal, paper & board, flexible packaging, and glass. The low cost and flexibility of flexible packaging will support its industry growth. The flexibility makes it suitable for multiple shapes and sizes and enables easy closure with a zip-lock. Its lightweight nature reduces transportation costs and improves the efficacy of space utilization. The packing material is also convenient for on-the-go and out-of-home consumption occasions, making it a preferred packaging for consumers.
Food Packaging Industry Analysis by Pack Materials, 2023 (%)
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Food Packaging Industry Segmentation by Sectors
The dairy & soy food sector led the food packaging industry in 2023
A few of the key sectors in the food packaging industry are dairy & soy food, bakery & cereals, savory snacks, and seasonings, dressings & sauces, among others. In 2023, dairy & soy food accounted for the highest food packaging market share. A growing demand for flexible packaging materials in the dairy & soy food sector will lead rigid plastics to lose market share during the forecast period. This is because flexible packaging materials align with the consumer preference for convenience and the need of producers to reduce transportation costs.
Food Packaging Industry Analysis by Sectors, 2023 (%)
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Food Packaging Industry – Latest Developments
Calbee partnered with Tosoh and Sanwa Kogyo to design a new eco-friendly packaging film using 50% less plastic than other snack packs. Touted as fully recyclable, the new packaging also claimed to offer an oxygen and water-vapor barrier to maintain the food quality within the packaging.
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Segments Covered in the Report
Food Packaging Industry Regional Outlook (Volume, Trillion Units, 2018-2028)
- Asia-Pacific
- Middle East & Africa
- The Americas
- Western Europe
- Eastern Europe
Food Packaging Industry Pack Material Outlook (Volume, Trillion Units, 2018-2028)
- Rigid Plastics
- Rigid Metal
- Paper & Board
- Flexible Packaging
- Glass
Food Packaging Industry Sector Outlook (Volume, Trillion Units, 2018-2028)
- Dairy & Soy Food
- Bakery & Cereals
- Savory Snacks
- Seasonings, Dressings & Sauces
Scope
This report brings together multiple data sources to provide a comprehensive overview of global packaging in the food industry. It includes:
- An overview of the packaging industry at the global level. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting key sectors and growth drivers.
- An overview of the pack materials across the sectors in the food industry in select countries in each region.
- An overview of the usage of different pack materials across different industries in terms of the number of units, packaging share, and growth rates during 2018-2028, in addition to key packaging innovations for leading industries for pack materials analyzed.
- Data and analysis for five-pack materials viz. rigid plastics, rigid metal, glass, paper & board, flexible packaging, and others (other than the aforementioned five types) during 2018-2028.
- Pack sub-type, pack type, closure material, closure type, primary outer material, and primary outer type.
Table of Contents
Table
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Frequently asked questions
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What was the food packaging industry volume in 2023?
The food packaging industry volume was 2 trillion units in 2023.
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What will the food packaging industry growth rate be during the forecast period?
The food packaging industry will register a CAGR of more than 1% during 2023-2028.
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Which region was the leading revenue generator for the food packaging industry in 2023?
Asia-Pacific accounted for the highest revenue share of the food packaging industry in 2023.
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Which was the leading pack material in the food packaging industry in 2023?
In 2023, flexible packaging material accounted for the highest food packaging market share.
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Which was the leading sector in the food packaging industry in 2023?
In 2023, dairy & soy food accounted for the highest food packaging market share.
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Sample Report
Food Packaging Industry Trends, Opportunities, Growth Analysis and Forecast to 2028 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:
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