The food packaging manufacturers invest in research & development programs to introduce more efficient and quality packaging materials, which has imposed an extra burden on the companies but is driving the market towards sustainable futures.

Regional Analysis

By region, the global food packaging market covers growth opportunities and latest trends across North America, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA). Of these, North America captures the majority share of the food packaging market. Increased intake of packaged food in the region, developed retail industry, and expansion of the food & beverage industry are factors driving the growth of the North America food packaging market. Additionally, the presence of various retailing giants in the region such as Walmart, Costco, and the Kroger Company lay greater emphasis on packaging and have laid down packaging guidelines which boost the growth of the market. The APAC food packaging market is spurred by increasing consumption of packaged food in the region purveyed by increasing disposable income. Moreover, development of food retail chains and development of the food & beverage industry in the region augurs the growth of the market.

Segmentation

MRFR report offers a broad segmental analysis of the food packaging market on the basis of material, type, and application.

Based on material, the food packaging market has been segmented into glass, paper & paperboard, plastic, metal and others.

Based on application, the food packaging market has been segmented into bakery & confectionery, dairy, meat, fruits and vegetables and others. Of these, the meat segment is likely to exhibit notable growth over the estimated years due to increasing demand for protein-rich food products.

Based on type, the food packaging market has been segmented into bottles, cans, pouches, boxes, and others. Of these, the boxes segment accounts for the foremost share of the food packaging market.

Key Players

Leading players profiled in the food packaging market include RockTenn Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), D.S. Smith Plc. (U.K.), International Paper Company (U.S.), Coveris Holdings S.A.