Report ID: SQMIG30I2496
Report ID:
SQMIG30I2496 |
Region:
Global |
Published Date: May, 2025
Pages:
191
|
Tables:
123 |
Figures:
72
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Global Food Packaging Market size was valued at USD 261.68 Billion in 2024 and is poised to grow from USD 276.33 Billion in 2025 to USD 427.31 Billion by 2033, growing at a CAGR of 5.6% in the forecast period (2026–2033).
Amcor plc, UPM Specialty Papers, ProAmpac, Mondi Group, Sonoco Products Company, Crown Holdings, Inc., Huhtamaki Oyj, Winpak Ltd., Constantia Flexibles Group GmbH, Bemis Company, Inc. (Now part of Amcor), Smurfit Kappa Group, DS Smith Plc, Tetra Laval International S.A., Owens-Illinois, Inc., Nippon Paper Industries Co., Ltd.
The key driver of the food packaging market is the rising demand for convenience, safety, and extended shelf life in food products, fueled by increasing urbanization, busy lifestyles, growing e-commerce food sales, and stringent regulations on food quality and hygiene.
A key market trend in the food packaging market is the growing adoption of sustainable and eco-friendly materials, such as biodegradable, recyclable, and compostable packaging, driven by consumer demand for environmentally responsible products and regulatory pressure to reduce plastic waste.
Asia-Pacific accounted for the largest share in the food packaging market, driven by rapid urbanization, growing food processing industries, increasing demand for packaged and convenience foods, and rising consumer awareness of food safety and hygiene.
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Report ID: SQMIG30I2496