Food Packaging Market Research Report - Forecast to 2023

Food Packaging Market Research Report
By Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Food Packaging Market Research Report - Forecast to 2023
Global Food Packaging Market Information by Material (Glass, Paper & Paperboard, Plastic, Metal), Type
(Bottles, Cans, Pouches, Boxes), Application (Bakery & Confectionery, Dairy, Meat, Fruits & Vegetables)
and Region - Forecast to 2023
Food packaging ensures the protection of food products and ensures to improve the shelf-life of the product thereby,
attracting more number of customers. The food packaging market is expected to grow significantly over the forecast period
with the advent of numerous production facilities with the objective of catching up with latest trends in the market. Also,
the rapid changes in the lifestyle of the people and changing food preferences of consumers along with growth in
population in the developing nations is expected to drive the growth of the market over the forecast period. The increasing
preference of people for processed food due to shifts in population dynamics from rural to urban areas is also driving the
growth of the food packaging market.
The market is further driven by various factors such as the trend of consumers shifting towards specialty & processed food,
advancement in materials used for packaging of food products, the adoption of different marketing strategies by key players
in the market, increasing demand for food packaging materials and increasing consumer awareness towards the necessity
of good quality food packaging in developing economies. The introduction of different technologies for manufacturing
processed food packaging products and the introduction of various kinds of food packaging types for food packaging has
further driven the growth of the market.
The increasing consumption of convenience foods owing to the rapidly changing lifestyle of consumers is driving the growth
of the food packaging market. The key players in the market have convenience features in the food packaging such as easy
opening, portability, and single-use packaging which are driving innovations for packaging of processed foods. The two
aspects which drive the growth of the food packaging market are visual appeal and convenience.
The Food packaging market is expected to grow at a CAGR of 4% during the forecast period 2017-2023.
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Food Packaging Market Research Report - Forecast to 2023
Food Packaging Market -By Segment
On the basis of the application, the market is segmented as bakery & confectionery, dairy, meat, fruits & vegetables and
others. Amongst these, the meat industry is the most attractive application for the food packaging market. The increasing
preferences of the consumer for protein-rich food are in turn, leading to the increase in consumption of meat and seafood.
The busy lifestyle of the consumers is driving the demand for frozen foods. Thus, meat food is an attractive application
segment for market players in food packaging market.
On the basis of the type, the market is segmented into bottles, cans, pouches, boxes, and others. Amongst these, boxes
type food packaging accounted for the highest revenue contributor over the forecast period. Boxes are usually made up of
corrugated paper and provide very strong tertiary packaging to the food products. Also, pouches are usually made of plastic,
which gives better design flexibility for food packaging manufacturers and allows optimum utilization of shelf space.
Regional Analysis
The Global Food Packaging market is segmented on the basis of geography in the regions of Asia Pacific, North America,
Europe, and the Middle East & Africa. North American region is projected to contribute majorly to the the food packaging
market followed by Europe and Asia Pacific region. However, this region is projected to be at a maturity stage in the food
packaging market, which would further subsidize the growth of this market. In Asia Pacific region, the developing countries
such as China and India are expected to exhibit huge growth over the forecast period and is expected to take over the
leading position of the North America region. Asia Pacific is projected to be the fastest growing economic region owing to
the increase in demand for healthy food products which is fueled by the growing population in the developing countries of
this region. the increase in consumer preference for packaged foods in the countries of this region are additional factors
which are expected to increase the food packaging market over the forecast period. The growth will be further driven by
development of new technologies and innovations in food packaging. The increase in foreign direct investments (FDI) in the
food industry and the heavy consumption of the consumers along with stringent government regulations focused on the
health, safety and quality of the food products is further driving the growth of the market.
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Food Packaging Market Research Report - Forecast to 2023
Key Players
Some of the key players in the global Food Packaging Market include Amcor Limited (Australia), Coveris Holdings S.A
(Luxembourg), The Smurfit Kappa Group plc (Republic of Ireland), E. I. du Pont de Nemours and Company (U.S.), Mondi Plc
(Austria), Bemis Company, Inc. (U.S.), International Paper Company (U.S.), D.S. Smith Plc. (U.K.), Silgan Holdings Inc. (U.S.),
and RockTenn Company (U.S.).
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Food Packaging Market Research Report - Forecast to 2023
Global Food Packaging Market ($ billion), 2016-2023
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Food Packaging Market Research Report - Forecast to 2023
Food Packaging Market – Segmentation
For the convenience of the report and enhanced understanding; the Food Packaging market is segmented in to three key
dynamics:
Segmentation by Type: Radio & Satellite.
Segmentation by Application: Commercial Aerospace & Defense.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Food Packaging Market: Regional Analysis
The Asia Pacific region is currently behind the North American and the European regions, in terms of Food Packaging
market, however, it has the highest growth rate among the regions. This has been supported by the rising demand for
aerospace and defense applications in the APAC region. The APAC region is already one the major markets worldwide for
various aerospace segments and has a growing military strength. Country such as China, Japan, and India currently lead the
Food Packaging market in the APAC region and promise for a healthy growth in the future as well. Other countries such as
Indonesia, Malaysia, Taiwan and Thailand are also the emerging market for Food Packaging systems, and the overall market
in the APAC is thus expected to grow rapidly during the forecast period.
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Food Packaging Market Research Report - Forecast to 2023
Market Segmentation of Global Food Packaging Market
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Global Food Packaging Market Information by Material (Glass, Paper & Paperboard, Plastic, Metal), Type (Bottles, Cans, Pouches, Boxes), Application (Bakery & Confectionery, Dairy, Meat, Fruits & Vegetables) and Region - Forecast to 2023

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