Food & Drink Packaging Market was valued at USD 400 Billion in 2022 and is projected to reach USD 500 Billion by 2030, growing at a CAGR of 3.2% from 2024 to 2030.
The global food and drink packaging market was valued at approximately USD 1.2 trillion in 2022, demonstrating significant growth driven by increasing consumer demand for convenience and sustainability. The market is projected to expand at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. This growth is underpinned by advancements in packaging technologies, such as biodegradable and smart packaging solutions, which are expected to capture a substantial share of the market. The rise in packaged food consumption and the ongoing trend toward on-the-go lifestyles are key factors contributing to this upward trajectory.
Opportunity analysis reveals that emerging markets, particularly in Asia-Pacific and Latin America, present significant growth potential. Rapid urbanization, rising disposable incomes, and evolving consumer preferences are driving the demand for innovative packaging solutions in these regions. Additionally, there is an increasing emphasis on sustainable packaging practices as consumers and businesses alike become more environmentally conscious. The market is witnessing a shift towards eco-friendly materials and processes, which is likely to create new opportunities for growth and expansion in the coming years.
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Tera Pak
Ball Corporation
PARKSONS Packaging Limited
CROWN PACKAGING CORP
Bemis Company
Amcor
Sealed Air Corporation
Sonoco Products Company
Ukrplastic
Wipak Group
Constantia Flexibles International GmbH
Flextrus AB
Huhtamaki
Mondi Group
WestRock
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Food & Drink Packaging Market
Food
Drink
Based on Types the Market is categorized into Below types that held the largest Food & Drink Packaging market share In 2023.
Paper & Board
Plastic
Glass
Metal
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Food & Drink Packaging Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Food & Drink Packaging Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Food & Drink Packaging Market, By Type
6. Global Food & Drink Packaging Market, By Application
7. Global Food & Drink Packaging Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Food & Drink Packaging Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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