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 maintain the product's quality and freshness throughout transit. However, secondary packaging plays a pivotal role in ensuring safe and efficient shipment to consumers. Inadequate packaging can lead to product damage, negatively impacting brand reputation and incurring financial losses. Consequently, there is a growing demand for advanced secondary packaging solutions in the food industry. 

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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

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Food Packaging Market encompasses various types of films, including packaging films, co-extruded films, and metallized films. Sustainability is a key trend, with a focus on sustainable sourcing, recycled content from post-consumer recycled (PCR) and pre-consumer recycled (PR) materials, and reducing carbon footprint. Waste reduction is crucial in the circular economy, involving packaging waste management, waste segregation, and improving recycling infrastructure. Consumer behavior influences brand loyalty and product differentiation, driving innovation in e-commerce, retail, and food service packaging. Food preservation and ingredient protection are essential functions, while packaging testing ensures quality control and heat sealability. Smart packaging technologies, such as RFID tags and QR codes, enhance traceability and convenience.

Market Research Overview

The food packaging industry encompasses various types of packaging solutions, including flexible packaging, rigid packaging, vacuum packaging, retort pouches, and aseptic packaging. Each type utilizes distinct raw materials such as metal, glass, and plastic. The supply chain for food packaging is intricately layered, involving raw material suppliers and providers of metal container raw materials like steel, aluminum, and tin; glass container raw materials such as borosilicate, neutral glass, soda-lime-silica glass, treated soda-lime glass, de-alkalized soda-lime glass, and regular soda-lime glass; and plastic container raw materials including high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and polyvinyl chloride (PVC). This complex value chain necessitates effective coordination among stakeholders to ensure the production and distribution of high-quality, safe, and sustainable food packaging solutions to meet evolving market demands.. 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/