Global Food Packaging Market Overview
The global food packaging market is projected to grow at a CAGR of XXXX% during the forecast period 2017-2021. The growth is driven by factors such as increasing awareness about health and wellness, rising disposable income, and increasing demand for organic products.
The primary types of food packaging are plastic film, paperboard, aluminum foil, flexible plastic sheeting (FPS), and rigid plastic sheeting (RPS). These containers are used to store food items such as grains, beverages, fruits, vegetables, and meats. The rigid plastics are used for dairy products while the flexible plastics are used for meat products.
Global Food Packaging Market Segmentation
The global food packaging market is expected to grow at a CAGR of XXXX% during the forecast period 2017-2021. The market is segmented on the basis of product, application and region
The food packaging market is segmented into paper, plastic, aluminum foil, and others. Paper is the dominant segment in terms of revenue followed by plastic and aluminum foil. The growth in demand for natural products such as fruit juices and vegetables has driven the growth of the aluminum foil segment.
The food packaging market is divided into retail, institutional, and industrial applications. Retail application dominates the market followed by institutional and industrial applications. Rising awareness about healthy eating habits among people across the globe has helped drive the growth of industrial applications. Increasing adoption of green packaging such as biodegradable plastics will help increase demand for institutional applications in future years.
Asia Pacific is expected to be the fastest growing regional market due to increasing awareness about good health among people in this region coupled with increasing spending on foods and beverages. North America is also expected to be a fast growing regional market owing to rising spending on foods and beverages by end users such as restaurants and grocery stores. Europe is projected to witness significant growth due to increasing investments by companies in this region for development of new food brands and innovation in food packaging products. Latin America& Caribbean are projected to be sluggish due to stringent regulatory norms in this region.
Food Packaging Market Safety Issues
The food packaging industry is projected to grow at a CAGR of XXXX% during the forecast period 2016-2020. The growth is driven by the increasing awareness about food safety and the need to protect food from spoilage and contamination. Additionally, the rising obesity rates are also contributing to the growth of the global food packaging market.
Some of the major players in this market include Archer Daniels Midland Company (ADM), Coca-Cola Co., Inc., Pepsi Co, Inc., Danone Group, Hershey Foods Corporation, Nestle SA, and Unilever plc. These companies are focusing on introducing new concepts and products in order to increase their share in this market. Some of the key strategies adopted by these players include product launches, acquisitions, partnerships, and expansions into new geographies.
The report provides detailed analysis of the global food packaging market including segmentation (packaging types, applications), region wise analysis (North America, Europe, Asia Pacific, Latin America), and company wise analysis (Archer Daniels Midland Company (ADM), Coca-Cola Co., Inc., PepsiCo, Inc., Danone Group , Hershey Foods Corporation , Nestle SA , Unilever plc).
Global Food Packaging Market Forecast
The global food packaging market is estimated to grow at a CAGR of XXXX% during the forecast period 2020-2026. The growth is mainly attributed to the increasing awareness about healthy eating habits and rising environmental concerns. Food packaging plays an important role in preserving food and preventing spoilage. It also helps in identifying the product and imparts a unique flavor to it. The market is segmented on the basis of type, application, and region.
The global food packaging market is dominated by thermoplastics in terms of revenue share, followed by paper based products. Thermoplastics are used for various applications such as food storage containers, cereal boxes, meat trays, fruit crates, etc. Paper-based products are extensively used for labeling purposes, wrappers around packaged goods, and other functionalities.
Asia Pacific is expected to be the fastest growing regional market for food packaging during the forecast period 2020-2026 owing to increase in consumption of processed foods and growing preference for eco-friendly products. North America is expected to account for highest share of revenue from the global food packaging market during the forecast period 2020-2026 due to high demand from Food & Beverages (F&B) industry for tamper proof closures and child resistant features. Europe is considered as a significant market for paper-based products owing to strict regulations governing use of plastics in these regions. Latin America is expected to witness high growth rate due to increasing number of small and medium-sized enterprises as well as increasing awareness about healthy eating habits.
The report provides a comprehensive analysis of the market by type, application, and region. It discusses the drivers, restraints, and opportunities for the growth of the global food packaging market. The report also covers the competitive landscape and offers detailed insights on the key players in the market.
Introduction to Packaging Materials
A food packaging material is any material used to enclose, protect, or promote the sale or storage of food. Food packaging materials are made from a variety of materials, including plastic, paper, aluminum foil, and polystyrene. The global food packaging market is expected to grow at a CAGR of XX% over the next five years.
The key drivers for the growth of the global food packaging market are increasing awareness about healthy eating and rising consumer demand for organic foods. In addition, technological advancements in production processes are helping to reduce manufacturing costs. Moreover, increased investments in R&D by major players will help to increase innovation across various food packaging materials.
The regional outlook for the global food packaging market is as follows: Asia Pacific will be the largest region in terms of value share by 2020; followed by Europe; North America; and Latin America. The Asia Pacific region is anticipated to witness the fastest growth rate during the forecast period owing to increasing health consciousness among consumers coupled with growing investments in R&D initiatives by leading players. A number of countries in this region are currently focusing on developing innovative food packaging products that can cater to different consumer preferences. For instance, Japan is investing heavily in biodegradable materials while China is focusing on new insights into hot-packaging technologies.
Major players operating in the global food packaging market include 3M Company (U.S.), DuPont (U.S.), Pactiv LLC (U.S.),
Impact of Obsolete Packaging Materials on Environmental Sustainability
Packaging materials are essential in the food supply chain and play a vital role in protecting products from environmental degradation. In order to reduce environmental impacts, it is important to recycle packaging materials when they reach their end of life. However, many obsolete packaging materials will never be recycled and will instead be burned or landfilled. This has significant environmental consequences, including increased carbon emissions and reduced resource availability.
The global food packaging industry is expected to grow at a CAGR of XXXX% during the period 2016-2021. This growth can be attributed to increasing awareness about the importance of sustainability and reducing environmental impacts in the food supply chain. There are several strategies that companies can use to reduce their impact on the environment, including using recycled or sustainable materials, developing innovative packaging designs, and improving waste management programs.
The key players in the global food packaging market include corporations such as Coca Cola, Pepsi Co, Unilever, Mondelez International, Procter & Gamble, Kroger Co., and Nestle SA. These companies are actively pursuing initiatives that promote sustainability in the food supply chain and are investing in technologies that improve waste management practices.
New Product Development in the Global Food Packaging Market
The global food packaging market is projected to grow at a CAGR of XXXX% from 2016 to 2021. The growth is mainly attributable to the increasing concern about the health and hygiene of foods and beverages, as well as the rising demand for eco-friendly packaging materials. This growing awareness is likely to drive the demand for new food packaging products that are more environmentally friendly and sustainable.
Some of the key players in the global food packaging market include 3M Co., Ltd., Bemis Company, Inc., Asahi Glass, Ltd., Tetra Pak International Limited, Rexam PLC, Plastics Packaging Europe Corporation (PPEC) and The Dow Chemical Company. These companies are engaged in developing food packaging products that meet the needs of different consumers around the world. In 2016, these companies accounted for XX% of total sales revenue in the global food packaging market.
Some of the key strategies adopted by these companies in order to increase their market share include product innovation (i.e., development of new products), aggressive marketing campaigns (including sponsoring events such as Olympics), expanding into new geographies (especially China and India) and partnerships with other suppliers/manufacturers. In addition, these companies are also focusing on enhancing their sustainability credentials by using more sustainable materials such as recycled materials or biodegradable plastics.
Conclusion of the Global Food Packaging Market
Food packaging is an essential part of the food chain and plays a vital role in ensuring that food remains safe to eat. Over the past few years, there has been a marked increase in the demand for sustainable and eco-friendly food packaging. This growth is attributable to a number of factors, including increasing awareness about the adverse environmental impacts of conventional food packaging materials, growing consumer concerns about health and nutrition, and changing consumer behavior patterns. In addition, rising prices of raw materials, increased focus on healthy eating habits by consumers, and growing pressure from governments to reduce greenhouse gas emissions are expected to drive market growth over the next few years.
The global food packaging market is forecast to reach USD XX billion by 2025. The key vendors in this market are Danone Group (France), Archer Daniels Midland Company (US), Dow Chemical Company (US), SABMiller plc (UK), The Coca-Cola Company (US), PepsiCo Inc. (US), Mondelez International Corporation (US) and Nestle SA (Switzerland).