DUBLIN, Aug. 14, 2023 /PRNewswire/ — The “Food Packaging Industry Trends, Opportunities and Growth Analysis by Region, Country, Pack Material (Rigid Plastics, Rigid Metal, Paper and Board, Glass and Flexible Packaging) and Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global food packaging industry has demonstrated remarkable growth, recording a substantial 2,071.4 billion units in 2022, and the momentum is set to persist as projections indicate a rise to 2,337.8 billion units by 2027, reflecting a notable CAGR of 2.4% during the period from 2022 to 2027.
This comprehensive report serves as a consolidation of diverse data sources, offering an all-encompassing insight into the global food packaging market. Covering various facets, the report encompasses a market overview, growth analysis based on pack materials and industries, material-specific growth analysis across industries and sectors, as well as detailed analyses of pack materials, trends, illuminating case studies, and a forward-looking outlook.
The prominence of the Asia-Pacific region is evident as it led the pack in 2022, boasting a volume share of 47.9%, closely followed by the Americas with a volume share of 25.4%. The dominant player in the realm of pack materials was flexible packaging, commanding a lion’s share of 53.1% globally.
Rigid plastics and paper & board followed suit with shares of 25.1% and 13.2%, respectively, in 2022. Leading the charge in terms of industry sectors, the dairy & soy food sector was at the forefront, capturing an impressive 31.5% volume share in 2022. Following closely was the bakery and cereals sector, contributing a substantial 13.5% share in the same year.
Key Highlights
- Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the industry
- The report provides a detailed analysis of the countries in the region, covering the key challenges and growth analysis, that can help companies gain insight into the country specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
Scope
- Country Deep Dive: Provides an overview of the pack materials across the sectors in the food industry in select countries in each region.
- Market overview: Provides an overview of the usage of different pack materials across food industry in terms of the number of units, packaging share and growth rates during 2017-27, in addition to key packaging innovations for pack materials analyzed. The report also provides an overview of the shift in the utilization of various pack materials across sectors during 2022-27.
- Key pack materials: Includes data and analysis – number of units (millions), growth rates – for five pack materials viz. rigid plastics, rigid metal, glass, paper & board, flexible packaging and others (other than the afore mentioned five types) during 2022-27.
Reasons to Buy
- Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail.
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the industry globally.
- The report provides a detailed analysis of the countries in specific regions, covering the key challenges, and future growth opportunities that can help companies gain insight into the country/region specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
Key Topics Covered:
- Market Environment
- Global Packaging Overview
- Market Environment – Global Takeaways
- External Packaging Influences
- Packaging Innovations in 2022
- Packaging Share Change by Material and Food Sectors – Global Overview
- Pack Material Market in Food Industry – Global Overview
- Pack Materials Market Size and Growth Analysis – Global Overview
- Change in share in the Overall Packaging Industry by Regions, 2017-27
- Change in Consumption Levels: Regions, 2017-27
- Cross Sector Comparison by Pack Material – Global
- Pack Material Growth Contribution by Sector (1/2)
- Market Environment – Regional Overview
For more information about this report visit https://www.researchandmarkets.com/r/i0nf41
Source: GlobalData
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