How big is the Food Packaging Market?

The Food Packaging Market size is expected to reach USD 367.04 billion in 2024 and grow at a CAGR of 4.16% to reach USD 450.01 billion by 2029. Read More

What is the current Food Packaging Market size?

In 2024, the Food Packaging Market size is expected to reach USD 367.04 billion. Read More

Who are the key players in Food Packaging Market?

Amcor Plc., Smurfit Kappa Group plc., Mondi Limited, Berry Global Group and Sealed Air Corp. are the major companies operating in the Food Packaging Market. Read More

Which is the fastest growing region in Food Packaging Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Food Packaging Market?

In 2024, the North America accounts for the largest market share in Food Packaging Market. Read More

What years does this Food Packaging Market cover, and what was the market size in 2023?

In 2023, the Food Packaging Market size was estimated at USD 351.77 billion. The report covers the Food Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Food Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging technologies used in Food Packaging to enhance consumer experience?

The emerging technologies used in Food Packaging to enhance consumer experience are a) Interactive packaging with QR codes b) Printed recipes c) Temperature indicators for consumer engagement Read More

What are the emerging technologies used in Food Packaging to enhance consumer experience?

The emerging technologies used in Food Packaging to enhance consumer experience are a) Interactive packaging with QR codes b) Printed recipes c) Temperature indicators for consumer engagement Read More

Food Packaging Market Share

Statistics for the 2023 & 2024 Food Packaging market share, created by Mordor Intelligence™ Industry Reports. Food Packaging share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Food Packaging Industry

The food packaging market is fragmented, with the presence of a large number of vendors operating with extensive product offerings worldwide. Some of the major players in the market are Amcor PLC, Smurfit Kappa Group PLC, Mondi Limited, Sonoco Products, Berry Global Group, Ball Corporation, Tetra Pak, Schur Flexibles Group, Anchor Packaging Inc., Crown Holdings Inc., International Papers, WestRock, and Sealed Air Corp., among others. These players are witnessing strategic initiatives such as product launches, collaborations, mergers, acquisitions, and others.

March 2024: Sealed Air Corporation (SEE) launched an innovative paper-based bottom web to help food processors and retailers reduce plastic usage and meet consumer demand for paper packaging. The new CRYOVAC brand Barrier Formable Paper, made from 90% FSC-certified fibers, can achieve a 77% reduction in plastic usage in bottom web packaging when replacing PET/PE webs, according to SEE.
February 2024: Faerch Group, a manufacturer of rigid food packaging and an integrated recycling company, introduced its new Tumbler range for the foodservice market. This innovative range incorporates at least 30% post-consumer recycled (PCR) material. It offers various capacities and includes four standardized lid designs compatible with all tumblers, optimizing supply chains and enhancing user experience. The Tumbler range is designed for continuous recycling into new food packaging, ensuring safety and functionality.
October 2023: Charoen Pokphand Foods Public Company Limited (CP Foods) collaborated with SCG Packaging PLC (SCGP) and SCG Chemicals PLC (SCGC) to develop sustainable and eco-friendly food packaging solutions. This collaboration, formalized through a memorandum of understanding (MoU), aims to innovate in pulp and polymer-based packaging with SCGP and green polymer-based plastic solutions with SCGC.