Food Grade Packaging Market (Materials - Paper & Board, Metal, Rigid Plastic, Flexible Plastic, Glass, and Others; Food Packaging - Rigid, Semi-rigid, and Flexible; Applications - Bakery, Confectionery Convenience Foods, Dairy Products, Fruits & Vegetables, Sauces, Dressings and Condiments, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on food grade packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional food grade packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional food grade packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food grade packaging market.

Market Insight:

The global food grade packaging market was valued at USD 355 billion in 2022 and is expected to reach up to USD 535 billion by 2030, with a CAGR of 5% over the forecast period.

Food-grade packaging refers to materials and containers that are safe for storing and transporting food products. Food-grade packaging is typically made from materials such as plastic, glass, metal, and paper that have been specifically designed and treated to prevent chemical migration or bacterial growth in the food products/materials. Food-grade packaging must adhere to specific criteria to qualify as food-safe. These standards are established by regulatory authorities such as the Food and Drug Administration and the Environmental Protection Agency. According to the Food Safety and Standards Authority of India, food-grade packaging material refers to substances that are deemed safe and appropriate for their intended purpose. They must not pose any risk to human health or cause undesirable alterations in the food’s composition or sensory properties. Additionally, it enables food manufacturers to comply with food safety regulations, build consumer trust, and differentiate their products in the competitive market landscape. As a result, the food-grade packaging market is expected to experience continuous growth and innovation to meet evolving consumer needs and regulatory requirements.

The growing demand for packaged food products with extended shelf life is one of the major factors propelling the food-grade packaging market. Consumer’s increasing preference for convenience and busy lifestyles have led to a surge in demand for ready-to-eat and preserved food items. Food-grade packaging offers the assurance of freshness, safety, and extended shelf life, meeting the evolving needs of modern consumers. Additionally, the market experiences robust growth due to accelerating urbanization, prompting increased consumption and logistics needs. For instance, according to the UNCTAD, the projected urban population was expected to rise to 56.9% by 2022. Simultaneously, rising environmental consciousness fuels the demand for eco-friendly packaging solutions, aligning with sustainable consumption trends. Safety concerns among consumers amplify this growth trajectory, emphasizing the importance of secure and reliable packaging to protect products and ensure user well-being. However, the market is highly restrained by the raw materials used in manufacturing food-grade packaging. Raw materials such as paper, plastic, and, aluminium, etc. experience high volatility in pricing. The prices of these raw materials can change depending on the market situation. This volatility in pricing can limit the manufacturer’s production capacities and hence it is likely to negatively impact the market growth. Nevertheless, innovation in packaging materials will create lucrative opportunities for manufacturers to expand their packaging offerings. Innovative packaging materials, such as biodegradable and compostable materials, provide an opportunity for manufacturers to address this requirement by tapping into new markets.

Geographically, North America is expected to hold the largest market share in terms of revenue over the forecast period. A well-established food packaging industry in the region is expected to drive the North America food-grade packaging market over the forecast period. Significant contributors to this market in this region are the U.S., and Canada. These countries have a significant demand for novel packaging solutions that are environmentally sensitive and sustainable. The presence of numerous key players such as Sealed Air, Crown Holdings, Inc., and others specializing in food-grade packaging in North America amplifies its dominance in this market. Moreover, Asia Pacific is anticipated to be the fastest-growing region across the globe owing to rising population and urbanization. As the population is shifting more towards metropolitan areas, a behavioural flux has been observed. This has led to an increase in sales across the food and beverage sector and hence strengthened the demand for food-grade packaging. To meet this demand manufacturers are embracing new packaging technologies and materials that help maintain food safety in addition to prolonging packaged food’s shelf life. Additionally, the APAC region is an innovation hub for sustainable food- grade packaging solutions adhering to eco-friendly principles.

Report Scope of the Food Grade Packaging Market:

Segment Covered

The report on global food grade packaging market covers segments such as materials, food packaging, and applications. On the basis of materials, the sub-markets include paper & board, metal, rigid plastic, flexible plastic, glass, and others. On the basis of food packaging, the sub-markets include rigid, semi-rigid, and flexible. On the basis of applications, the sub-markets include bakery, confectionery convenience foods, dairy products, fruits & vegetables, sauces, dressings and condiments, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Sealed Air, Tetra Pak, Crown Holdings, Inc., Amcor plc, WestRock Company, Ball Corporation, Graham Packaging Company, Smurfit Kappa, Mondi, and Berry Global Inc..

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the food grade packaging market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.