#Food Packaging Market Trends

[industryforecastnews]

Food Packaging Market Size To Reach USD 562.3 Billion By 2030

Food Packaging Market Growth & Trends

The global food packaging market size is expected to reach USD 562.3 billion by 2030, expanding at 5.7% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Increased diverse eating habits and lifestyle changes have driven the demand for convenience food products which is expected to bolster the growth of the global food packaging industry.

The food packaging industry exhibits rapid growth for portable and single-serve food packs. Rising global per capita income is expected to increase the purchasing power of buyers further driving the demand for packaged foods products. Although real wages witnessed a decline in 2022, according to the Observatory of Economic Complexity (OECD), by the end of 2023, real wages are projected to stop declining. This is attributed to the extensive rollout of support initiatives by governments across the globe to cushion the effects of food prices and high energy on households. This is expected to increase the consumer spending capacity thereby driving the demand for packaged food & beverages.

The high volatility observed in the prices of raw materials is expected to restrain the food packaging industry's growth. However, the introduction of sustainable packing materials by major food packaging manufacturers, coupled with increasing awareness and notable consumption volume by buyers, is expected to propel the food packaging industry over the forecast period.

Growing concerns regarding food safety and contamination are predicted to support the demand for effective packaging solutions. In addition, sales of packaged foodstuff are anticipated to propel due to the increasing number of retail food chains opened by big food brands, consequently driving demand for packaging material. The surge in demand for food delivery services such as Uber Eats, Zomato, DoorDash, and Grubhub among others is also expected to have a positive impact on the food packaging industry.

The growing food sector has attracted food packaging manufacturers to invest in increasing their production capacities. For instance, in April 2023, UAE-based Hotpack Global announced its intent to build a specialized food packaging project in Saudi Arabia. The project is expected to be valued at USD 266.0 million and will be developed jointly with the Saudi Ministry of Industry.

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/food-packaging-market

Food Packaging Market Report Highlights

Flexible packaging is expected to register the highest CAGR of 6.3% in terms of revenue from 2023 to 2030, owing to its cost-effectiveness, high performance, and constant innovations undertaken by major manufacturers

Paper & paper-based packaging is estimated to be the fastest growing segment, exhibiting a CAGR of 6.4% from 2023 to 2030, owing to its low cost and sustainability

The bakery and confectionary segment is anticipated to be the largest application, which recorded a market value of USD 100.6 billion in 2022, due to growing demand for cakes, candies, and frozen ready-to-eat bakery products

Asia Pacific is expected to dominate the food packaging industry in 2022 and is expected to continue its dominance on account of a growing population, increasing urbanization, and rising disposable income of consumers

The food packaging industry is highly fragmented and is characterized by the presence of a large number of players. Key players comprise Amcor Plc., Ball Corporation, Berry Plastic Group, and DS Smith PLC

In May 2023, Amcor plc inked a definitive agreement to acquire New Zealand-based Moda Systems. This acquisition is expected to help Amcor expand its existing film portfolio and offer an end-to-end packaging solution incorporating even the sales of packaging machines

Food Packaging Market Segmentation

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

Food Packaging Type Outlook (Revenue, USD Billion, 2018 - 2030)

Rigid

Semi-rigid

Flexible

Food Packaging Material Outlook (Revenue, USD Billion, 2018 - 2030)

Paper & Paper-based Material

Plastics

Metal

Glass

Others

Food Packaging Application Outlook (Revenue, USD Billion, 2018 - 2030)

Bakery & Confectionary

Dairy Products

Fruits & Vegetables

Meat, Poultry & Seafood

Sauces & Dressings

Others

Food Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

List of Key Players in the Food Packaging Market

Amcor plc

Sealed Air

Sonoco Products Company

Berry Global, Inc.

WestRock Company

Mondi

Genpak LLC

Pactiv LLC

Chantler Packages

WINPAK LTD.

Alpha Packaging

BE Packaging

Cheer Pack North America

Evanesce Packaging Solutions Inc.

Pacmoore Products Inc.

Innovative Fiber

Emmerson Packaging

PakTech

Tradepak

ProAmpac

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/food-packaging-market  

[techninja]

Exploring the Polyvinyl Alcohol Films Market: Innovations, Trends, and Growth Opportunities

Introduction to Polyvinyl Alcohol Films

Polyvinyl alcohol (PVA) films have garnered significant attention in various industries owing to their versatile properties and eco-friendly nature. These films, derived from synthetic polymer polyvinyl alcohol, offer exceptional barrier properties, biodegradability, and flexibility, making them ideal for a wide range of applications. In this article, we delve into the dynamic landscape of the polyvinyl alcohol films market, exploring its trends, innovations, and growth prospects.

Growing Demand for Sustainable Packaging Solutions

The increasing awareness regarding environmental sustainability has fueled the demand for eco-friendly packaging materials. Polyvinyl alcohol films have emerged as a preferred choice for sustainable packaging solutions due to their biodegradability and compostability. With stringent regulations on single-use plastics and growing consumer preference for green packaging alternatives, the polyvinyl alcohol films market is witnessing substantial growth.

Expanding Applications in Food Packaging

One of the key applications of polyvinyl alcohol films is in food packaging. These films provide excellent barrier properties against moisture, oxygen, and aroma, thereby extending the shelf life of packaged food products. Moreover, their transparent nature enhances product visibility, making them ideal for packaging perishable goods such as fruits, vegetables, and meat. As food safety regulations become more stringent, the demand for high-quality packaging materials like PVA films is expected to rise further.

Innovations Driving Market Growth

The polyvinyl alcohol films market is characterized by continuous innovation aimed at enhancing product performance and expanding application scope. Manufacturers are investing in research and development activities to develop advanced PVA formulations with improved mechanical strength, heat resistance, and barrier properties. Furthermore, the incorporation of nanotechnology has opened up new possibilities in enhancing the functionality of polyvinyl alcohol films, such as antimicrobial properties and enhanced barrier performance.

Rising Demand in Pharmaceutical Packaging

In the pharmaceutical industry, polyvinyl alcohol films are gaining traction for packaging sensitive drugs and medical devices. These films offer excellent chemical resistance and compatibility with a wide range of pharmaceutical formulations, ensuring the integrity and stability of packaged products. Additionally, their non-toxic nature makes them suitable for direct contact with pharmaceuticals, complying with stringent regulatory requirements.

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Market Challenges and Opportunities

While the polyvinyl alcohol films market presents lucrative opportunities, it is not without its challenges. The high production costs associated with PVA films compared to conventional plastic films pose a barrier to market growth. Moreover, the availability of alternative biodegradable packaging materials adds to the competitive landscape. However, the increasing focus on sustainable development and the implementation of innovative manufacturing technologies present avenues for market players to overcome these challenges and capitalize on emerging opportunities.

[researchupdate]

North America Food Service Packaging Market Demand, Supply, Growth Factors, Latest Rising Trends and Forecast to 2028

Business Market Insights offers investors a comprehensive study of the North America Food Service Packaging Market from the perspective of entrepreneurs in their most recent research report, " North America Food Service Packaging Market Share, Size and Trends Analysis| Forecast Year 2028." Examining current market conditions yields insightful information for businesses.

This report provides insights into market possibilities, obstacles, and incentives that companies shouldn't pass up. It would be a company recipe for success to choose a North America Food Service Packaging Market research since consumer-centric firms often provide higher returns on investment. Making a small batch of items won't be enough, given the intense competition in the North America Food Service Packaging Market. Businesses may estimate a product's potential and success with the use of market research.

What are areas in focus in this market research?

1) Overview of Business Environment - Numerous elements that characterize the North America Food Service Packaging Market are examined in this chapter, including opportunities, dangers, limitations, and drivers. Genuine market determinants fosters innovation. The distribution of company activity and the factors influencing development are the main topics of this section. A wide range of market-specific data is offered, making it possible to make an initial determination of the market's potential.

2) Competitive Comparison Matrix - The goal of this market research chapter in North America Food Service Packaging Market report is to provide businesses with a competitive comparison matrix. This section provides a comprehensive overview of rivals' business strategies and scale-ups. Businesses can use in-depth market research and target market insights to identify rivals' alternatives. Through studying rivals' offers, businesses might find new market segments and sales channels.

Key companies in the North America Food Service Packaging Market are-

Amcor PLC

Berry Global Inc.

Huhtamaki

Genpak, LLC

WestRock Company

Sealed Air

Ball Corporation

DS Smith

Graham Packaging Company

Graphic Packaging Holding Company

3) Briefing on COVID-19 impact - The COVID-19 pandemic disrupted supply and demand worldwide. North America Food Service Packaging Market participants had to contend with poor marketing performance, lower revenues, and difficulties surviving their manufacturing lifecycles. Lockdowns and transportation limitations created a distribution channel crisis for businesses at the same time. Maintaining supply-demand balance and controlling expectations proved to be difficult for small and medium-sized businesses. An examination of COVID-19's effects on companies and alternate strategies they have employed to deal with the interruptions caused by the epidemic. This chapter also discusses the potential for recovery following COVID-19.

4) High ROI Trade Offs – To effectively serve their consumers in a competitive North America Food Service Packaging Market, business must educate themselves about important categories. Streamlining market tactics is a potent use of market research. The product, application, and regional categories are highlighted in this study area. Comprehending demographics and high-return-on-investment (ROI) regional regions facilitates brands in optimizing their offerings.

Based on Regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World…

How can this research help you in getting business strategically Correct?

Exact valuation and key facts about the market

Value proposition analysis that helps businesses revise their offerings timely

Marketing and segmentation strategies for new entrants in the market

Competitive growth strategies for market participants

Latest trends and technologies in the market

Author’s Bio:

Abhijit Shelke

Senior Market Research Expert at Business Market Insights

[chemicalsmaterialsnews]

Strict Safety Regulations are Trending in the Anti-Counterfeit Packaging Market

The anti-counterfeit packaging market is observing a considerable growth at present, and this trend will continue in the years to come as well, because of the growth of the counterfeit industry all over the world.

The surge in strict product safety regulations with regards to counterfeiting is the newest trend in the industry. Subsequently, concentration of fake products is unceasingly increasing, government of numerous countries are employing strict regulations for controlling counterfeiting activities. These guidelines impact the industry positively and target to wipe out fake products.

 The track and trace category, with regards to technology had the largest share in the industry. It is because of the high-volume acceptance of packaging techs, allowing manufacturers to track and trace their shipments and evade any technological impairments.

Pharma and healthcare will grow the fastest in the years to come. This has a lot to do with the fast acceptance of this kind of packaging in medical industry, due to the snowballing concerns regarding health and also an increase in the production of pharmaceuticals.

North American anti-counterfeit packaging market was the largest in the past, and it will continue to be like this in the years to come as well. This has a lot to do with the strong base of pharma, food and beverage, and consumer good companies, adopting anticounterfeit packaging. Seeing the future scenario, the U.S. will lead the regional market.

In the years to come, the industry will grow the fastest in the APAC, mainly because of the growing consciousness pertaining to the unscrupulous counterfeit activities among manufacturers. The growth can also be attributed to the increasing population along with the increasing disposable income, which is leading to the increasing demand for packaged food in the region, eventually boosting the market.

[sports9885]

Fresh food packaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow by USD 112.62 billion at a CAGR of 3.15% in the above-mentioned forecast period.

[writerblogs]

Sustainability Propels the Paper Cups Market to New Heights

In a world increasingly concerned about environmental impact, the Paper Cups Market has positioned itself as a leading player in the quest for eco-friendly alternatives to traditional single-use plastics. With the surge in consumer demand for sustainable products, paper cups have emerged as a convenient and guilt-free choice for beverages on-the-go, reshaping the landscape of the beverage packaging industry.

The Paper Cups Market is undergoing a remarkable transformation driven by a global shift toward sustainability. Single-use plastics have long been a major environmental concern, with plastic cups contributing significantly to pollution and waste. In response, paper cups have emerged as a viable solution due to their renewable source and biodegradable nature.

One of the key factors driving the growth of the Paper Cups Market is increased consumer awareness and preference for environmentally friendly options. As individuals become more conscious of their ecological footprint, they are actively seeking alternatives that align with their values. Paper cups, often made from sustainably sourced paper and lined with plant-based coatings, offer a solution that reduces plastic waste without compromising convenience.

The Paper Cups Market is witnessing innovation not only in materials but also in design and functionality. Manufacturers are focusing on creating paper cups that are sturdy, leak-resistant, and aesthetically pleasing. From insulated cups that keep beverages hot or cold to cups with secure lids for spill-free transportation, these innovations enhance the consumer experience and contribute to the market's growth.

Moreover, the Paper Cups Market is benefiting from partnerships between manufacturers and businesses looking to promote sustainability. As companies make the switch from plastic to paper cups for their products, they convey a commitment to environmental responsibility, appealing to a growing consumer base that values conscious purchasing decisions.

Government regulations and policies aimed at reducing plastic waste are also driving the market's expansion. Many regions have implemented bans or restrictions on single-use plastics, creating a favorable environment for paper cup manufacturers to thrive. As consumers and businesses adapt to these regulations, the demand for sustainable packaging solutions continues to rise.

In conclusion, the Paper Cups Market is riding the wave of sustainability, offering an eco-friendly alternative to conventional single-use plastics. With increasing consumer awareness, innovative designs, and support from government policies, paper cups have gained significant traction as a viable option for beverage packaging. As the market continues to evolve, it presents numerous opportunities for manufacturers to cater to eco-conscious consumers, contributing to a greener and more sustainable future.

[coldpenguintaco]

Pet Food Packaging Market Company Profiles, Product Specification, Revenue and Forecast| MarketsandMarkets™

Pet food packaging is the type of packaging used to store and protect pet food. It is an important part of the pet food industry, as it helps to ensure the food is safe and fresh while also helping to maintain its quality and appeal. The packaging also helps to extend the shelf life of pet food, ensuring it stays fresh and appealing for longer. Common types of pet food packaging include metal…

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https://pristineintelligence.com/reports/global-nanotechnology-for-food-packaging-market

[imrreport]

Global Food Packaging Is Expected To | HIT USD 166.52 Billion By The Year 2028

Items like cans, bottles, jars, ampules, plastic pots, aerosol containers, and others are included in the food packaging service to store food products for a long time. It helps keep food fresh by defending against contamination brought on by bacteria, organisms, air, and moisture. It is crucial for maintaining food safety throughout supply and transportation. Additionally, it keeps the food’s quality high. Food packaging gives service suppliers a marketing platform and raises consumer satisfaction levels.

The food packaging market is divided into categories based on material (plastic, metal, aluminium, paperboard, moulded fibres, etc.), packaging type (pouches, bags, other), and application (Alcoholic & Non-alcoholic Beverages, Fruits & Vegetables, Bakery & Confectionary). The market is then broken down into main regions including North America, Latin America, Asia-Pacific, Europe, and MEA and further examined based on regional analysis.

Read More: https://introspectivemarketresearch.com/reports/food-packaging-market/