Food Packaging Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR40994
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The food packaging market share is expected to increase by USD 60.33 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.60%.

This food packaging market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers food packaging market segmentation by product (flexible plastic, rigid plastic, glass, metal, and others) and geography (APAC, Europe, North America, South America, and MEA). The food packaging market report also offers information on several market vendors, including Amcor Plc, Ardagh Group SA, Berry Global Group Inc., COFCO Corp., Crown Holdings Inc., DS Smith Plc, International Paper Co., O-I Glass Inc., Orora Ltd., and Sealed Air Corp. among others.

What will the Food Packaging Market Size be During the Forecast Period?

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Food Packaging Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The prevention of food counterfeiting is notably driving the food packaging market growth, although factors such as volatility of raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the food packaging industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Food Packaging Market Driver

One of the key factors driving growth in the food packaging market is the prevention of food counterfeiting. Food fraud costs the global food industry billions of dollars annually. Packaging can play a major role in combating such food counterfeiting concerns. Food traceability can be adopted to prevent food counterfeiting. This technology enables tracking of the food during its movement through the entire supply chain. For tracking food products, technologies such as barcodes and radio frequency identification (RFID) tags are used. Therefore, in order to implement these technologies, proper packaging of products is a necessity in the industry. The use of barcode labels on a packaged product helps in verifying the product's integrity, thus overcoming counterfeiting to a great extent.

Key Food Packaging Market Challenge

The volatility in raw material prices will be a major challenge for the food packaging market during the forecast period. The different types of packaging materials used for the packaging of food include plastic, glass, metals, and paper. For example, cartons used in food packaging are produced either from recycled fiber mills or virgin fibers. The prices of both recycled fiber mills and virgin fibers constantly fluctuate, which is a major concern for end-users like carton producers. The instability in the price of raw materials will result in the reduction of profit margins of vendors due to the increasing production cost. Vendors are forced to increase their product pricing due to fluctuating raw material prices. The prices of packaging raw materials such as paper and paper products that are used to manufacture corrugated packaging solutions are expected to fluctuate and companies are expected to increase the prices of corrugated packaging in response to the increase in raw material prices.

This food packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Food Packaging Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Amcor Plc
  • Ardagh Group SA
  • Berry Global Group Inc.
  • COFCO Corp.
  • Crown Holdings Inc.
  • DS Smith Plc
  • International Paper Co.
  • O-I Glass Inc.
  • Orora Ltd.
  • Sealed Air Corp.

 

This statistical study of the food packaging market encompasses successful business strategies deployed by the key vendors. The food packaging market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The food packaging market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Food Packaging Market?

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56% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for food packaging in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The better economic conditions in various countries such as China, India, Indonesia, and Australia will facilitate the food packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Food Packaging Market?

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The food packaging market share growth by the flexible plastics segment will be significant during the forecast period. The flexible plastic packaging segment is expected to grow due to its many advantages over other types of packaging materials. Flexible plastic packaging is finding more applications in the consumer goods segment, as this type of packaging is convenient in terms of weight, cost, and ease of shipment, thus making it a widely adopted packaging type across industries. The adoption of packaging strategies that enhance product appearance and aesthetic appeal is a new trend in product marketing. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the food packaging market size and actionable market insights on post COVID-19 impact on each segment.

 

Food Packaging Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.60%

Market growth 2021-2025

$ 60.33 billion

Market structure

Fragmented

YoY growth (%)

3.10

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 56%

Key consumer countries

US, China, Germany, India, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amcor Plc, Ardagh Group SA, Berry Global Group Inc., COFCO Corp., Crown Holdings Inc., DS Smith Plc, International Paper Co., O-I Glass Inc., Orora Ltd., and Sealed Air Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Food Packaging Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive food packaging market growth during the next five years
  • Precise estimation of the food packaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the food packaging industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of food packaging market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Flexible plastic - Market size and forecast 2020-2025
    • Rigid plastic - Market size and forecast 2020-2025
    • Glass - Market size and forecast 2020-2025
    • Metal - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Amcor Plc
      • Ardagh Group SA
      • Berry Global Group Inc.
      • COFCO Corp.
      • Crown Holdings Inc.
      • DS Smith Plc
      • International Paper Co.
      • O-I Glass Inc.
      • Orora Ltd.
      • Sealed Air Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The food packaging market growth will increase by $60.33 billion during 2020-2025.
      The food packaging market is expected to grow at a CAGR of 3.60% during 2020-2025.
      Technavio has segmented the food packaging market by product (Flexible plastic, Rigid plastic, Glass, Metal, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
      Amcor Plc, Ardagh Group SA, Berry Global Group Inc., COFCO Corp., Crown Holdings Inc., DS Smith Plc, International Paper Co., O-I Glass Inc., Orora Ltd., Sealed Air Corp. are a few of the key vendors in the food packaging market.
      APAC will register the highest growth rate of 56.37% among the other regions. Therefore, the food packaging market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the food packaging market growth are:
      • Prevent food counterfeiting
      • Growing sales of food products on e-commerce platforms
      The food packaging market vendors should focus on grabbing business opportunities from the flexible plastic segment as it accounted for the largest market share in the base year.
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