Food Packaging Growth Opportunities

Food Packaging Growth Opportunities

Increasing Food & Beverage Consumption Drives Future Growth Potential in Developing Economies

RELEASE DATE
27-Oct-2023
REGION
Global
Research Code: PEB0-01-00-00-00
SKU: CM_2023_259
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Description

Packaging is vital to the food and beverages (F&B) industry as it protects products from external contamination and environmental factors, such as temperature changes and humidity. Packaging also enhances the shelf life of food products while supplementing the logistics and storage operations. On the consumer end, packaging plays a critical role in product marketing. The right type of eye-catching packaging with optimum labeling can influence the customer’s buying decision. Overall, the food packaging market holds growth opportunities for raw material suppliers, converters/packaging manufacturers, recycling companies, and downstream food and beverage processors.

Frost & Sullivan expects the global food packaging market to grow in tandem with the F&B industry. As food consumption rises with an expanding population, shifting demographics, changing consumer lifestyles, and increasing disposable income, demand for food products and subsequently food packaging increases. The popularity of pre?cut, pre?portioned, smaller, and ready?to?consume food products reflects the importance of convenience for today’s consumers. Hence, the demand for packaging per food unit is set to increase. Focus on enhancing shelf life also boosts demand for food packaging.

Accounting for a significant proportion of the market, plastics are largely preferred in different F&B packaging applications. The lightweighting trend prevalent throughout the packaging industry is contributing to growth in the plastics segment. Further, plastics are one of the most cost-effective packaging materials and will retain dominance throughout the forecast period (2023 to 2029). Products such as flexible films, bottles, jars, and caps and closures are well-established in their respective applications and will witness steady growth throughout the forecast period. From an applications standpoint, packaging is used more so in food packaging than in beverages and pet food applications.

The food packaging market is highly fragmented, populated by both global players and several regional and local manufacturers that focus on specific product areas. Manufacturers fundamentally compete based on price and material quality. The significantly high population in areas of Asia-Pacific augments regional demand for food packaging. Further, developed regions such as North America and Europe are more focused on sustainability by implementing recycling targets and similar regulations. Hence, these regions will likely witness steady growth while rapidly replacing conventional packaging solutions with recycled/recyclable counterparts.

This study analyzes the status of and prospects for different types of F&B packaging products, including plastics; paper and paperboard; glass, metals and alloys; and multi-materials. It covers primary and secondary packaging because of their consumer focus but not tertiary packaging, which serves a logistical purpose. The research considers this market’s shipment volumes and revenue from 2019 to 2029 and records manufacturer-level revenues and prices.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Food Packaging Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Segmentation (continued)

Market Overview

Geographic Scope

Key Competitors

Growth Metrics

Value Chain

Value Chain (continued)

Value Chain Analysis

Value Chain Analysis (continued)

F&B Packaging—Wine

F&B Packaging—Wine (continued)

F&B Packaging—Wine (continued)

F&B Packaging—Milk

F&B Packaging—Milk (continued)

F&B Packaging—Cooking Oil

F&B Packaging—Cooking Oil (continued)

F&B Packaging—Fresh Produce

F&B Packaging—Fresh Produce (continued)

F&B Packaging—Water

F&B Packaging—Water (continued)

Growth Drivers

Growth Driver Analysis

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Driver Analysis (continued)

Growth Restraints

Growth Restraints Analysis

Growth Restraints Analysis (continued)

Growth Restraints Analysis (continued)

Forecast Assumptions

Graphic Summary of Drivers and Restraints in the Food Packaging Market

Revenue and Volume Forecast

Revenue and Volume Forecast Analysis

Revenue Forecast by Material

Volume Forecast by Material

Revenue and Volume Forecast Analysis by Material

Pricing Trends and Forecast

Pricing Trends and Forecast by Material

Pricing Trends and Forecast Analysis

Revenue Forecast by Application

Volume Forecast by Application

Revenue and Volume Forecast Analysis by Application

Revenue Forecast by Region

Volume Forecast by Region

Revenue and Volume Forecast Analysis by Region

Competitive Environment

Revenue Share

Revenue Share Analysis

Segment Characteristics and Overview

Growth Metrics

Revenue and Volume Forecast

Revenue Forecast by Application

Volume Forecast by Application

Forecast Analysis

Forecast Analysis (continued)

Revenue Forecast by Product

Volume Forecast by Product

Forecast Analysis by Product—Films

Forecast Analysis by Product—Bottles

Forecast Analysis by Product—Plastic Caps and Closures

Forecast Analysis by Product—Trays, Jars, and Other Plastic Containers

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Segment Characteristics and Overview

Growth Metrics

Revenue and Volume Forecast

Revenue Forecast by Application

Volume Forecast by Application

Forecast Analysis

Forecast Analysis (continued)

Forecast Analysis by Product

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Segment Characteristics and Overview

Growth Metrics

Revenue and Volume Forecast

Revenue Forecast by Application

Volume Forecast by Application

Forecast Analysis

Forecast Analysis (continued)

Revenue Forecast by Product

Volume Forecast by Product

Forecast Analysis by Product

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Segment Characteristics and Overview

Growth Metrics

Revenue and Volume Forecast

Revenue Forecast by Application

Volume Forecast by Application

Forecast Analysis

Forecast Analysis (continued)

Revenue Forecast by Product

Volume Forecast by Product

Forecast Analysis by Product

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Segment Characteristics and Overview

Growth Metrics

Revenue and Volume Forecast

Revenue Forecast by Application

Volume Forecast by Application

Forecast Analysis

Revenue Forecast by Region

Volume Forecast by Region

Forecast Analysis by Region

Growth Opportunity 1: Increasing Bioplastics Adoption

Growth Opportunity 1: Increasing Bioplastics Adoption (continued)

Growth Opportunity 2: Tapping Growth in Southeast Asia (SEA)

Growth Opportunity 2: Tapping Growth in Southeast Asia (SEA) (continued)

Growth Opportunity 3: Using Online Platforms to Improve Packaging Waste Collection

Growth Opportunity 3: Using Online Platforms to Improve Packaging Waste Collection (continued)

Growth Opportunity 4: Enhancing Recycling Infrastructure

Growth Opportunity 4: Enhancing Recycling Infrastructure (continued)

Growth Opportunity 5: Electrifying the Glass Production Process

Growth Opportunity 5: Electrifying the Glass Production Process (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Packaging is vital to the food and beverages (F&B) industry as it protects products from external contamination and environmental factors, such as temperature changes and humidity. Packaging also enhances the shelf life of food products while supplementing the logistics and storage operations. On the consumer end, packaging plays a critical role in product marketing. The right type of eye-catching packaging with optimum labeling can influence the customer’s buying decision. Overall, the food packaging market holds growth opportunities for raw material suppliers, converters/packaging manufacturers, recycling companies, and downstream food and beverage processors. Frost & Sullivan expects the global food packaging market to grow in tandem with the F&B industry. As food consumption rises with an expanding population, shifting demographics, changing consumer lifestyles, and increasing disposable income, demand for food products and subsequently food packaging increases. The popularity of pre?cut, pre?portioned, smaller, and ready?to?consume food products reflects the importance of convenience for today’s consumers. Hence, the demand for packaging per food unit is set to increase. Focus on enhancing shelf life also boosts demand for food packaging. Accounting for a significant proportion of the market, plastics are largely preferred in different F&B packaging applications. The lightweighting trend prevalent throughout the packaging industry is contributing to growth in the plastics segment. Further, plastics are one of the most cost-effective packaging materials and will retain dominance throughout the forecast period (2023 to 2029). Products such as flexible films, bottles, jars, and caps and closures are well-established in their respective applications and will witness steady growth throughout the forecast period. From an applications standpoint, packaging is used more so in food packaging than in beverages and pet food applications. The food packaging market is highly fragmented, populated by both global players and several regional and local manufacturers that focus on specific product areas. Manufacturers fundamentally compete based on price and material quality. The significantly high population in areas of Asia-Pacific augments regional demand for food packaging. Further, developed regions such as North America and Europe are more focused on sustainability by implementing recycling targets and similar regulations. Hence, these regions will likely witness steady growth while rapidly replacing conventional packaging solutions with recycled/recyclable counterparts. This study analyzes the status of and prospects for different types of F&B packaging products, including plastics; paper and paperboard; glass, metals and alloys; and multi-materials. It covers primary and secondary packaging because of their consumer focus but not tertiary packaging, which serves a logistical purpose. The research considers this market’s shipment volumes and revenue from 2019 to 2029 and records manufacturer-level revenues and prices.
More Information
Author Saurabh Todi
Industries Chemicals and Materials
No Index No
Is Prebook No
Keyword 1 Food Packaging Market Analysis
Keyword 2 Strategic Food Packaging Solutions
Keyword 3 Sustainable Packaging Trends
Podcast No
WIP Number PEB0-01-00-00-00