Latest News- Food Packaging Market: Flexible plastic is expected to lead the Product segment during 2025-2029

The Food Packaging Market is being driven by Prevention of food counterfeiting

The Food Packaging Market is expected to grow at a CAGR of 4.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 79.6 billion. In today's digital age, food products are no longer confined to traditional retail outlets and brick-and-mortar shops. They have expanded their reach to e-commerce platforms, necessitating robust packaging solutions. Primary packaging, which directly contacts the food, must ensure product preservation, maintaining quality and freshness throughout the supply chain. However, secondary packaging plays a pivotal role in securely transporting these products to consumers. Ineffective packaging can lead to product damage, negatively impacting brand reputation and causing financial losses. Consequently, there is a growing market demand for advanced secondary packaging solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Flexible plastic
  • Rigid plastic
  • Glass
  • Metal
  • Others
• Application
  • Bakery and confectionery
  • Dairy products
  • Poultry meat and sea food
  • Fruits and vegetables
  • Others
• Packaging
  • Bags and pouches
  • Bottles and jars
  • Films and wraps
  • Boxes and cartons
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Prevention of food counterfeiting
• Need to avoid food wastage
• Recent development on food packaging by market companies

However, the market also witnesses some limitations, which are as follows:

• Volatility in raw material prices
• Contamination from recycled material
• Government regulations on packaging

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Market Scope in Food Packaging Market Research Report

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Research Analysis Overview

The Food Packaging Market encompasses advancements in material science, focusing on preserving food through innovative packaging methods. Automation of packaging lines and sensor technology integration ensure product freshness. Traceability systems, sustainability certifications, and recyclability assessments prioritize eco-friendliness. High-barrier films and durable packaging materials prevent food spoilage. Packaging machinery design, migration testing methods, and quality assurance measures prioritize food safety. Packaging software optimizes processes, and logistics management streamlines distribution. Consumer acceptance testing ensures product appeal. Circular economy initiatives promote waste recycling, and certification of sustainable food contact materials are key trends.

Market Research Overview

In the dynamic food packaging market, modified atmosphere packaging (MAP) and active packaging systems have emerged as key trends, offering shelf life extension and enhanced barrier properties through films and advanced technologies. The market landscape is intricately segmented, with various players involved in each stage of the supply chain. Suppliers encompass raw material providers, including those specializing in steel, aluminum, and tin for metal containers; borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass for glass containers; and high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC) for plastic containers. The manufacturing process entails large-scale production to cater to market demands, while distribution channels ensure the delivery of these packaging solutions to end-users.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/