Food Packaging Market to Reach $478.18 Billion by 2028; Rising Demand for Eco-friendly Packaged Food Products to Propel Market Growth

The global food packaging market size is expected to grow from USD 338.34 billion in 2021 to reach USD 478.18 billion by 2028. The growing advancement in food packaging solutions to increase the shelf life of products will fuel demand for the market during the forecast period, mentioned in the report titled “Food Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Glass, Metals, Paper & Paperboard, Wood, and Plastics), By Product Type (Rigid, Semi-Rigid, and Flexible) By Application (Fruits & Vegetables, Bakery & Confectionery, Dairy Products, Meat, Poultry & Seafood, Sauces, Dressings and Condiments, and Others), and Regional Forecast, 2021-2028.” The market size stood at USD 323.81 billion in 2020 and is expected to exhibit a CAGR of 5.1% between 2021 and 2028.

Collaboration of Bühler Group and Premier Tech to Encourage Growth

Bühler Holding AG is a Swiss multinational plant equipment manufacturer based in Uzwil, Switzerland, and that it has signed a joint venture agreement with Premier Tech, a packaging company based in Canada, which will be called PT-Bühler. The strategic collaboration will involve developing cost-effective packaging solutions for the global food feed and grain markets. The joint venture in China will aid the global supplier for bulk packaging. Moreover, the partnership will enable Bühler to utilize Premier Tech’s technologies in palletizing and bagging through the PT-Bühler collaboration in China. Thus, catering to the need for cost-effective packaging with its facilities for high-end food feed and grain markets. Moreover, Bühler’s robust international sales and service network and automated packaging technologies will aid the food packaging industry through the joint venture, which, in turn, will accelerate the market in the near future.

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Emphasis on Green Packaging by OEMs to Enhance Market

The wide-ranging availability of packaging options such as intelligent packaging, active packaging, nanocomposites, edible/biodegradable packaging, and others will promote the growth of the market. The growing awareness about packaging solutions among consumers will consequently improve the prospects of the market. The packaging improves shelf life and ensures the safety and quality of the food product. The growing prominence of green packaging solutions owing to their eco-friendly advantages is expected to create lucrative opportunities for the market. The increasing inclination of consumers towards eco-friendly packaged food can further spur demand for green packaging, which, in, turn will foster the food packaging market growth. Additionally, the increasing need for sustainable packaging to reduce environmental pollution will stimulate the speedy expansion of the market in the forthcoming years.

Range of Packaging Solutions offered by Key Players to Steer Competition

The main companies such as Mondi Group, Amcor plc, Berry Global Inc., and BALL CORPORATION focus on delivering wide-ranging solutions to their customer base. For instance, Mondi offers sustainable packaging solutions such as plastic films, pulp, and paper and also produces consumer and industrial packaging products. The company has around 102 production sites in more than 33 countries. At the same time, Amcor provides packaging for industries that includes food & beverage, pharmaceutical, medical, home & personal care, and other industries. The ongoing strategies among companies to improve packaging solutions will enrich the industry in the near future. Besides, the emerging players are also focused on enhancing their strong distribution channels, product offerings, and regional presence to establish a strong footprint in the market.

Key Development:

• May 2021: Berry introduced a lightweight packaging solution named ‘CombiLight Pot’ for dairy & other food products. The product was designed with the integration of plastics with coated natural fibers.

The Report Lists the Main Companies in the Market:

• Mondi Group (Austria)


• Amcor plc (Australia)


• Berry Global Inc. (U.S.)


• BALL CORPORATION (U.S.)


• Stora Enso (Finland)


• Constantia Flexibles (Austria)


• Plastipak (U.S.)


• Tetra Pak International S.A. (Switzerland)


• DS Smith (U.K.)


• ExxonMobil Chemical (U.S.)


• Coveris Group (U.K.)

Further Report Findings:

• Regional Analysis: The market size of Asia Pacific was USD 112.65 billion in 2020. This region is projected to remain the largest over the forecast period due to rising urban population levels and retail infrastructure development, which is expected to support the growing need for packed goods in China, Japan, and India.


• The high demand for processed food in European countries such as Germany, the U.K., and Italy will facilitate the growth of the market in Europe. The hectic lifestyles of people are expected to further boost the market growth in the region.


• Leading Segment: In the application segment,meat, poultry & seafood are expected to hold a significant food packaging market share in the foreseeable future due to the growing consumption of chicken, beef, pork, and seafood among consumers. Sauces and dressings are likely to witness a high demand during the forecast period owing to their need as glass bottles, sachets, plastic packets, and others in homes, offices, and restaurants.

This Market is Segmented into: