The global food packaging market size is expected to reach USD 562.38 billion in 2030 and is expected to grow at a CAGR of 5.9% from 2025 to 2030 Increased diverse eating habits and lifestyle changes have driven the demand for convenience food products which is expected to bolster the growth of the global food packaging industry.
The food packaging industry exhibits rapid growth for portable and single-serve food packs. Rising global per capita income is expected to increase the purchasing power of buyers further driving the demand for packaged foods products. Although real wages witnessed a decline in 2022, according to the Observatory of Economic Complexity (OECD), by the end of 2023, real wages are projected to stop declining. This is attributed to the extensive rollout of support initiatives by governments across the globe to cushion the effects of food prices and high energy on households. This is expected to increase the consumer spending capacity thereby driving the demand for packaged food & beverages.
The high volatility observed in the prices of raw materials is expected to restrain the food packaging industry's growth. However, the introduction of sustainable packing materials by major food packaging manufacturers, coupled with increasing awareness and notable consumption volume by buyers, is expected to propel the food packaging industry over the forecast period.
Growing concerns regarding food safety and contamination are predicted to support the demand for effective packaging solutions. In addition, sales of packaged foodstuff are anticipated to propel due to the increasing number of retail food chains opened by big food brands, consequently driving demand for packaging material. The surge in demand for food delivery services such as Uber Eats, Zomato, DoorDash, and Grubhub among others is also expected to have a positive impact on the food packaging industry.
The growing food sector has attracted food packaging manufacturers to invest in increasing their production capacities. For instance, in April 2023, UAE-based Hotpack Global announced its intent to build a specialized food packaging project in Saudi Arabia. The project is expected to be valued at USD 266.0 million and will be developed jointly with the Saudi Ministry of Industry.
The food packaging industry exhibits rapid growth for portable and single-serve food packs. Rising global per capita income is expected to increase the purchasing power of buyers further driving the demand for packaged foods products. Although real wages witnessed a decline in 2022, according to the Observatory of Economic Complexity (OECD), by the end of 2023, real wages are projected to stop declining. This is attributed to the extensive rollout of support initiatives by governments across the globe to cushion the effects of food prices and high energy on households. This is expected to increase the consumer spending capacity thereby driving the demand for packaged food & beverages.
The high volatility observed in the prices of raw materials is expected to restrain the food packaging industry's growth. However, the introduction of sustainable packing materials by major food packaging manufacturers, coupled with increasing awareness and notable consumption volume by buyers, is expected to propel the food packaging industry over the forecast period.
Growing concerns regarding food safety and contamination are predicted to support the demand for effective packaging solutions. In addition, sales of packaged foodstuff are anticipated to propel due to the increasing number of retail food chains opened by big food brands, consequently driving demand for packaging material. The surge in demand for food delivery services such as Uber Eats, Zomato, DoorDash, and Grubhub among others is also expected to have a positive impact on the food packaging industry.
The growing food sector has attracted food packaging manufacturers to invest in increasing their production capacities. For instance, in April 2023, UAE-based Hotpack Global announced its intent to build a specialized food packaging project in Saudi Arabia. The project is expected to be valued at USD 266.0 million and will be developed jointly with the Saudi Ministry of Industry.
Food Packaging Market Report Highlights
- Based on material, the market is segmented into plastics, paper & paper-based materials, glass, metal, and others. The plastic segment accounted for the largest market share of over 39.0% in 2024
- The bakery & confectionery segment recorded the largest market share of over 27.0% in 2024, due to growing demand for cakes, candies, and frozen ready-to-eat bakery products
- The food packaging market in Asia Pacific dominated the global industry and accounted for the largest revenue share of over 40.0% in 2024
- The food packaging industry is highly fragmented and is characterized by the presence of a large number of players. Key players comprise Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC
- In May 2023, Amcor plc inked a definitive agreement to acquire New Zealand-based Moda Systems. This acquisition is expected to help Amcor expand its existing film portfolio and offer an end-to-end packaging solution incorporating even the sales of packaging machines
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Global Food Packaging Market Variables, Trends, and Scope
Chapter 4. Global Food Packaging Market: Type Estimates & Trend Analysis
Chapter 5. Global Food Packaging Market: Material Estimates & Trend Analysis
Chapter 6. Global Food Packaging Market: Application Estimates & Trend Analysis
Chapter 7. Global Food Packaging Market: Packaging Type Estimates & Trend Analysis
Chapter 8. Global Food Packaging Market: Food Type Estimates & Trend Analysis
Chapter 9. Global Food Packaging Market: Region Estimates & Trend Analysis
Chapter 10. Competitive Landscape
Chapter 11. Company Listing (Overview, Financial Performance, Products Overview)
List of Tables
List of Figures
Companies Mentioned
- International Paper Company
- Mondi
- Smurfit Kappa Group
- Graphic Packaging International, LLC
- DS Smith
- Eastern Pak Limited
- WestRock Company
- Packaging Corporation of America
- Nippon Paper Industries Co., Ltd.
- Sonoco Products Company
- Amcor plc
- Clearwater Paper Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | November 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 400.29 Billion |
| Forecasted Market Value ( USD | $ 562.38 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
