SAN FRANCISCO , Sept. 5, 2022 /PRNewswire/ -- The global food packaging market size is expected to reach USD 562.3 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% from 2022 to 2030. Increasing food delivery services globally and high demand for single-serve and portable food packs are expected to propel the industry growth over the next few years.

Key Industry Insights & Findings from the report:

Read 195-page market research report, 'Food Packaging Market Size, Share & Trends Analysis Report By Type (Rigid, Flexible, Semi-rigid), By Material (Paper & Paper-based, Plastic, Metal, Glass), By Application, By Region, And Segment Forecasts, 2022 - 2030', published by Grand View Research.

Food Packaging Market Growth & Trends

Rising concerns among consumers regarding contamination and food safety are predicted to bolster the demand for effective packaging solutions. In addition, an increasing number of retail chains globally, especially in developing economies such as China , India , and Brazil , is anticipated to propel the sales of packaged food, consequently driving the market.

Packaging products made of plastic are affordable and they feature strong barrier properties, which contribute to their wide use in the food & beverage industry. Government interventions in plastic product production have prompted producers operating in the plastic food packaging industry to use eco-friendly and sustainable raw materials in their products.

The global market is expected to be buoyed by the introduction of new and innovative packaging types and technologies, including modified atmosphere packaging (MAP), active packaging, and printing technologies. Additionally, players are investing in lightweight materials and materials with a high performance, which is further expected to benefit industry growth.

The hectic work schedules of consumers and the increased demand for convenient food options drive the market for packaged food items in North America . Moreover, the flourishing e-commerce industry in different countries of the region such as Canada and Mexico is fueling the sales of packed food items across the region.

Grand View Research has segmented the global food packaging market based on type, material, application, and region:

Food Packaging Market - Type Outlook (Revenue, USD Billion, 2017 - 2030)

Food Packaging Market - Material Outlook (Revenue, USD Billion, 2017 - 2030)

Food Packaging Market - Application Outlook (Revenue, USD Billion, 2017 - 2030)

Food Packaging Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)

List of Key Players in the Food Packaging Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.

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