"Binding Intellectual insights for your Business"

Food Packaging Market Size, Share & Industry Analysis, By Material (Glass, Metal, Paper & Paperboard, Plastic {Non-biodegradable, Biodegradable}, & Wood), By Product Type (Rigid, Semi-rigid & Flexible), By Packaging Type (Bags & Pouches, Films & Wraps, Stick Packs & Sachets, Bottles & Jars), By Application (Fruits & Vegetables, Bakery & Confectionery, Dairy Products, Meat, Poultry & Seafood, Sauces, Dressings & Condiments), By End-user (Quick Service Restaurants, Café & Kiosks, Full Service Restaurants, Chain Restaurants) & Regional Forecast, 2024-2032

Last Updated: June 24, 2024 | Format: PDF | Report ID: FBI101941



Play Audio Listen to Audio Version

The global food packaging market size was valued at USD 479.73 billion in 2023 and is projected to grow from USD 505.27 billion in 2024 to USD 808.40 billion by 2032, growing at a CAGR of 6.05% during the forecast period. Asia Pacific dominated the food packaging market with a market share of 32.65% in 2023.

Food packaging is the process of enclosing food items to protect them from contamination, spoilage, damage, and pest attacks during storage, transit, and retail sale. It also protects the food from several external environmental factors such as relative humidity, light, pressure, heat, microorganisms and others. Rising consumer demand for packaged products due to the shift in consumption habits and changing lifestyles are the key factors driving market share. The packaging industry is thriving due to its ability to provide essential benefits, including product protection, convenience, and portability, all of which contribute significantly to its expansion on a global scale. The rising efforts by major manufacturers to provide such helpful packaging and increasing usage of intelligent packaging techniques foster the industry globally.

The market has been negatively affected by the COVID-19 pandemic. Companies specializing in flexible packaging, particularly those serving sectors such as packaged foods, thrived during the outbreak. However, heightened concerns over food safety during the pandemic led to a significant shift in consumer preferences in developing economies such as India, with many opting for packaged food over unpacked alternatives. The rise in e-commerce retail during the outbreak further boosted domestic packaged food sales and the demand for flexible packaging for packaged foods.

Food Packaging Market Trends

Packaging Innovation in the Food Industry will Emerge as a Key Trend

The rising innovations in packaging hold a potential opportunity for market growth. Packaging plays a vital role in preserving food quality, ensuring food safety, and increasing shelf-life. Plastic packages are very useful in achieving innovative product solutions. Among various types of plastic packaging, plastic cling film is a widely used plastic packaging today. The shift toward eco-friendly packages and advanced innovations in cling film packaging is shaping the trajectory of this market. This innovation comprises an extensive range of packaging options, namely intelligent packaging, active packaging, nanocomposites, edible/biodegradable packaging, and different types of packaging design.

According to the Food & Agriculture Organization of the United Nations, innovations and technological advancements in the food sector are rapidly evolving in the food safety arena. These technological advancements, spanning food production, processing and packaging, offer improved tools for traceability, sensing contaminants in food, and inspecting outbreaks. Consequently, this surge in innovation has generated a high demand for packaging innovations, further thriving as a critical trend for market growth.

Request a Free sample to learn more about this report.

Food Packaging Market Growth Factors

Rising Demand for Convenience Food to Aid Market Growth

Convenience food is majorly used due to its easy portability, long shelf life, and ready-to-eat features. These items encompass a range of products, including snacks, frozen food, finger food, candy, and beverages. These products usually require less preparation and are served hot in ready-to-eat containers. The availability of a range of convenience food options on the market sparks customer interest and increases the demand for convenience food. Rising demand for ready-to-eat snacks due to a sedentary lifestyle is expected to fuel demand for convenience food, thus boosting growth in the global market. Additionally, rising per capita disposable income and an increasing working population further contribute to market expansion.

Nowadays, due to consumers' fast-moving lifestyle, there has been an increasing demand for fast food items. This high demand has caused convenience food makers to develop products with better nutritional value and less harmful effects on the body. Henceforth, the increasing demand for convenience food contributes to the need for significant packaging, boosting the industry.

Increasing Demand for Edible Packaging to Bolster Market Growth

Rising concerns about packaging waste and its environmental impact are boosting the demand for edible packaging. Over the past decade, traditional food packaging materials created tons of packaging waste and increased landfills. The recycling rate of the plastic materials has remained too low. According to the Organization for Economic Co-operation and Development (OECD), plastic pollution is growing relentlessly as waste management and recycling is falling short. Globally, only 9% of plastic waste is recycled, while 22% is mismanaged. Such factors underscore the need for edible packaging and its contribution to the industry's growth.

Edible packaging highly relies on renewable and biodegradable materials, providing consumers with a sustainable substitute for conventional plastic food packaging. A new form of edible packaging involves the use of milk protein to create casein-based films that encapsulate food products. These casein films keep the food fresh by reducing exposure to oxygen, offering better storage, enhancing shelf life and safety, and eliminating the waste cycle. The market for food packaging is being fueled by the increasing use of edible packaging to enhance the protection and shelf-life of the products. The rising demand for edible packaging solutions is thus bolstering the global food packaging market growth.


Rapid Changing Technologies and Rising Cost of Raw Materials May Impede Market Growth

Plastic is one of the primary raw materials used for food packaging. The plastic packaging is made from synthetic polymers, such as polypropylene and polyethylene, manufactured from natural resources. The fluctuating price of these raw materials affects the packaging industry. Moreover, regulations developed by the government and associations over resource conservation are surging the price of these raw materials, which, in turn, is restraining market growth. The limited availability of raw materials also impedes technological advancements in packaging solutions, further hindering market expansion. The high costs of raw materials are leading to restricted access to many new packaging technologies, forcing companies to rely on traditional packaging methods. This affects the economy and leads to environmental consequences.

Food Packaging Market Segmentatin Analysis

By Material Analysis

Plastics Segment Take the Lead by Bolstering Preservation and Sustainability

Based on material, the market is segmented into glass, metal, paper & paperboard, plastics, and wood. The plastics segment dominates the global industry. The plastic used in packaging is the most preferred material owing to its properties such as flexibility, lightweight nature, cost-effectiveness, and resistance to splintering. It also provides effective protection against food damage. Most of the plastic resins used in packaging are recyclable. Both flexible and rigid plastic packaging offer innovation opportunities. For instance, modified atmosphere packaging (MAP) helps conserve food freshness, increasing the product's shelf life by slowing bacterial growth. The increasing consumption of beverages has led to a rise in plastic demand, which may favor market growth.

By Product Type Analysis

Flexible Packaging Commands Dominance with Innovation and Technological Advancements

Based on the product type, the market is segmented into rigid, semi-rigid, and flexible. The flexible product type segment dominates the market and is estimated to witness massive development over the forecast period. It is attaining high demand due to increasing technological advancement and innovative solutions for product packaging needs. Flexible packaging uses significantly less material than rigid containers and requires less energy when forming packaging products. Rising demand for packaging to ensure nutrient and flavor fortification will accelerate segment growth.

By Packaging Type Analysis

Bags & Pouches Segment Seizes Market Share, Driven by Versatility and Printing Advancements

Based on packaging type, the market is segmented into bags & pouches, films & wraps, stick packs & sachets, bottles & jars, boxes & cartons, cans, trays, clamshells, and others. The bags and pouches packaging type holds the most significant segment share and is projected to grow exponentially over the forthcoming years. Pouches are lightweight and offer excellent product integrity. They are easy to reseal and carry, which increases their demand in the food industry. In addition, the modern flexographic printing methods employed in bags & pouches contribute to the segment growth.

By Application Analysis

Bakery & Confectionery Segment Sustains Market Leadership, Fueled by Diverse Product Applications

Based on application, the market is segmented into fruits & vegetables, bakery & confectionery, dairy products, meat, poultry & seafood, sauces, dressings & condiments, and others. Among these applications, the bakery & confectionery segment is expected to remain dominant during the forecast period. This segment finds prominent use in bakery & confectionery items, including chewing gums, croissants, savory pastries, candies, toffees, and chocolates. Increasing the consumption of these food products will lead to market growth. In addition, the demand for gluten-free substitutes has widely increased, contributing to the segment growth.

To know how our report can help streamline your business, Speak to Analyst

By End-user Analysis

Full-Service Restaurants Lead Market, Fueled by Convenience and Health Trends

Based on end-user, the market is segmented into quick-service restaurants, café & kiosks, full-service restaurants, and chain restaurants. Full-service restaurants segment holds the largest share of the global market. The rising consumer focus on more convenient methods of food consumption is the primary factor enhancing the segment's growth. In addition, the augmenting demand for healthy food and creative presentation also contribute to the growth of the full-service restaurant segment.


Geographically, the market is studied across Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia Pacific Food Packaging Market Size, 2023 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

Asia Pacific region accounted for the largest global market share and is expected to continue its dominance over the forecast period. The rising urban population levels and the development of retail infrastructure are expected to support the growing need for packaged goods in countries China, Japan, and India. Due to various manufacturers and increasing demand for frozen food, China is a significant consumer of packaging in Asia. Furthermore, the region is witnessing increased consumer spending on packaged food and improvements in lifestyles, further fueling the demand for products.

North America is the second-dominating region in the global market. The U.S. is one of the major consumers of packaged foods, which will aid market growth. Rising awareness regarding a healthy lifestyle has influenced consumers to shift to a higher quality of packaged food, driving product demand.

Europe held a significant share and is anticipated to witness substantial growth over the forecast period owing to increasing demand from the food & beverage industry. Increasing demand for packaging and processed food and changing consumer lifestyles, mainly in Germany, the U.K., and Italy, will bolster regional growth.

In Latin America, Mexico and Brazil emerge as major countries that will support market expansion. Growth in the region is mainly attributable to the growing demand for canned food. Additionally, the adoption of novel packaging tools, such as Modified Atmosphere Packaging (MAP), increases as consumers demand greater transparency and minimal processing. Such features enhance the food packaging industry in the Latin American region.

The Middle East & Africa are expected to observe substantial growth in the market owing to increasing demand for dairy products, meat, poultry, and seafood applications. The surge in Western food culture and food service in the region indicates the increasing product demand that will lead to market growth. A burgeoning demand for convenience food with rising consumer purchasing power will foster regional growth during the forecast period.

List of Key Companies in Food Packaging Market

Key Packaging Manufacturers to Reinforce Position Due to Deliberate Acquisition and Expansion

The competitive landscape depicts a well-established food packaging industry, with the top companies accounting for a significant share of the market. Key players in the market have invested considerable resources in developing several products and technologies. These companies have adopted strategies of expansion, new product development, partnership, and acquisition to increase their regional presence and product portfolio.

Major players operating in the market include Mondi Group, Amcor plc, Berry Global Inc., Stora Enso, and Constantia Flexibles. Significant companies constitute more than 50% of the market, and many regional and local players dominate the outstanding market. Additionally, numerous other players operating in the industry are focused on delivering advanced packaging solutions to gain a competitive edge in the market.


  • Mondi Group (Austria)

  • Amcor plc (Switzerland)

  • Berry Global Inc. (U.S.)

  • Stora Enso (Finland)

  • Constantia Flexibles (Austria)

  • Plastipak (U.S.)

  • Tetra Pak International S.A. (Switzerland)

  • DS Smith (U.K.)

  • Crown Holdings, Inc. (U.S.)

  • ExxonMobil Chemical (U.S.)

  • Coveris Group (U.K.)


  • March 2023 – SIG enabled Casalasco Società Agricola introduced its food products in aseptic carton packs with its signature full-barrier packaging material.

  • January 2023 – Cascades announced the launch of eco-friendly packaging designed especially for fresh fruits and vegetables. The company developed a closed basket with recycled and recyclable corrugated cardboard for the produce sector.

  • April 2022 – Mondi declared the introduction of new packaging solutions, specifically for the food industry, at Anuga FoodTec in Cologne, Germany. The launch of two new tray packaging products offers recyclable choices for fresh food manufacturers, helping reduce food waste.

  • July 2020 – Austrian meat producer Hütthaler joined forces with Mondi to develop an entirely recyclable thermoforming film tailored to their sausages and meat products. Crafted from a mono-material solution, this cutting-edge film can be fully recycled and offers a protective barrier to enhance food preservation and extend its shelf life.

  • July 2019 – Berry Global Group, Inc. announced its acquisition of RPC Group Plc. This strategic move created a leading global supplier of protective solutions, allowing the company to serve a diverse customer base with high-quality, protective, innovative solutions and an extensive manufacturing footprint.


An Infographic Representation of Food Packaging Market

To get information on various segments, share your queries with us

The market report presents a comprehensive industry assessment by offering valuable market insights, facts, industry-related information, and historical data. Several methodologies and approaches are adopted to make meaningful assumptions and views to formulate the market research report. Furthermore, the report covers a detailed analysis of food packaging market trends and segments, including material, packaging type, end-user, and regions, helping readers get a comprehensive global industry overview.

To gain extensive insights into the market, Request for Customization




Study Period


Base Year


Estimated Year


Forecast Period


Historical Period


Growth Rate

CAGR of 6.05% from 2024 to 2032


Value (USD Billion)



By Material

  • Glass

  • Metal

  • Paper & Paperboard

  • Plastics

    • Non-biodegradable

      • PET

      • PE

      • PA

      • PP

      • PTT

      • Others

    • Biodegradable

      • PLA

      • PHA

      • PBS

      • PBAT

      • Starch Blends

      • Others

  • Wood

By Product Type

  • Rigid

  • Semi-rigid

  • Flexible

By Packaging Type

  • Bags & Pouches

  • Films & Wraps

  • Stick Packs & Sachets

  • Bottles & Jars

  • Boxes & Cartons

  • Cans

  • Trays

  • Clamshells

  • Others

By Application

  • Fruits & Vegetables

  • Bakery & Confectionery

  • Dairy Products

  • Meat, Poultry & Seafood

  • Sauces, Dressings, and Condiments

  • Others

By End-user

  • Quick Service Restaurants 

  • Café & Kiosks

  • Full-Service Restaurants

  • Chain Restaurants 

  • Others (FMCG, Hotels, Retailers)

By Region

  • North America (By Material, Product Type, Packaging Type, Application, End-user, and Country)

    • U.S. (By Product Type)

    • Canada (By Product Type)

  • Europe (By Material, Product Type, Packaging Type, Application, End-user, and Country)

    • Germany (By Product Type)

    • U.K. (By Product Type)

    • France (By Product Type)

    • Italy (By Product Type)

    • Spain (By Product Type)

    • Russia (By Product Type)

    • Rest of Europe (By Product Type)

  • Asia Pacific (By Material, Product Type, Packaging Type, Application, End-user, and Country)

    • China (By Product Type)

    • India (By Product Type)

    • Japan (By Product Type)

    • Australia (By Product Type)

    • South Korea (By Product Type)

    • Rest of Asia Pacific (By Product Type)

  • Latin America (By Material, Product Type, Packaging Type, Application, By End-user, and Country)

    • Brazil (By Product Type)

    • Mexico (By Product Type)

    • Argentina (By Product Type)

    • Rest of Latin America (By Product Type)

  • Middle East & Africa (By Material, Product Type, Packaging Type, Application, End-user, and Country)

    • GCC (By Product Type)

    • South Africa (By Product Type)

    • Rest of the Middle East & Africa (By Product Type)

Frequently Asked Questions

According to Fortune Business Insights, the global food packaging market stood at USD 479.73 billion in 2023.

The global market is projected to grow at a CAGR of 6.05% over the forecast period.

The market size of Asia Pacific stood at USD 156.63 billion in 2023.

The bakery & confectionery segment leads the global market based on application.

The global market size is expected to reach USD 808.40 billion by 2032.

The rising demand for convenience food is the primary factor driving market growth in food packaging.

The top players in the market are Mondi Group, Amcor plc, Berry Global Inc., Stora Enso, and Constantia Flexibles.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
  • 2023
  • 2019-2022
  • 253

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.