The Global Food Plastic Packaging​ Market was valued at US$ 57.39 Billion in 2023 and is Projected to reach US$ 81.83 Billion by 2030, at a CAGR of 4.9% during the forecast period.
Food Plastic Packaging refers to the use of plastic materials to encase and protect food products, ensuring their safety, extending shelf life, and providing convenience to consumers. This type of packaging includes a variety of forms such as flexible wraps, rigid containers, bottles, and trays, and is designed to maintain the freshness and quality of food while also offering features like resealability, single-serving portions, and protection against contamination.
Consumer Preferences
- Convenience Packaging: About 70% of consumers prioritize convenience in food packaging. This includes features such as resealability, easy-open, and single-serving portions.
- Sustainability Concerns: Over 60% of consumers express a preference for environmentally friendly packaging. Biodegradable and recyclable packaging options are gaining traction as consumers become more eco-conscious.
Types of Plastic Used
- Flexible Packaging: Flexible plastics, such as polyethylene (PE) and polypropylene (PP), dominate the market, making up around 60% of total plastic packaging used for food. These materials are favored for their versatility, lightweight nature, and cost-effectiveness.
- Rigid Packaging: Rigid plastics, including polyethylene terephthalate (PET) and polystyrene (PS), constitute approximately 40% of the market. They are commonly used for containers, bottles, and trays due to their durability and protective properties.
Application Segments
- Ready-to-Eat Meals: The ready-to-eat (RTE) meals segment has seen significant growth, with packaging demand increasing by 8% annually. Busy lifestyles and the rising number of single-person households drive this trend.
- Fresh Produce: Fresh produce packaging accounts for around 25% of the food plastic packaging market. Innovations such as modified atmosphere packaging (MAP) help extend the shelf life of fruits and vegetables.
- Snacks and Confectionery: This segment holds about 15% of the market share. The demand for flexible packaging solutions like pouches and wrappers is particularly high in this category.
Technological Advancements
- Smart Packaging: The adoption of smart packaging technologies, such as RFID tags and QR codes, is growing. Approximately 10% of food packaging now incorporates some form of smart technology to enhance traceability and consumer engagement.
- Active Packaging: Active packaging solutions, which interact with food products to maintain quality, are used in about 5% of food packaging. These include oxygen scavengers and antimicrobial packaging.
Regulatory Impact
- Compliance and Standards: Strict regulations regarding food safety and packaging materials impact the industry significantly. In the EU, regulations such as REACH and the Plastic Waste Directive are pushing manufacturers towards sustainable practices. In the US, the FDA's guidelines on food contact substances are crucial for compliance.
Future Trends
- Bioplastics: The bioplastics market within food packaging is expected to grow at a CAGR of 15%, driven by innovations and consumer demand for sustainable options.
- Circular Economy: The push towards a circular economy is influencing packaging designs, with an emphasis on recyclability and reusability. By 2030, it's anticipated that 50% of food plastic packaging will be designed with end-of-life recyclability in mind.
Report Overview
This report provides a deep insight into the global Food Plastic Packaging market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Food Plastic Packaging Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Food Plastic Packaging market in any manner.
Global Food Plastic Packaging Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
- REYNOLDS
- AMCOR
- SEALED AIR
- BEMIS COMPANY(Now part of Amcor)
- RPC GROUP
- ALPLA
- PLASTIPAK
- CONSTANTIA
- COVERIS
- BERRY GLOBAL
Market Segmentation (by Type)
- Thermoset Polymer
- Thermoplastic Polymer
- Elastomer
Market Segmentation (by Application)
Geographic Segmentation
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Food Plastic Packaging Market
- Overview of the regional outlook of the Food Plastic Packaging Market:
Key Reasons to Buy this Report:
- Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
- This enables you to anticipate market changes to remain ahead of your competitors
- You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
- The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market from various perspectives through Porters five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
Chapter Outline
Chapter 1 mainly introduces the statistical
scope of the report, market division standards, and market research methods.
Chapter 2 is an executive
summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Food Plastic Packaging Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.
Chapter 12 is the main points and conclusions of the report.
