Global Food and Drink Packaging Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Food and Drink Packaging Market Analysis and Size

Food and drink packaging market continues to advance with innovations such as sustainable materials, smart packaging for freshness monitoring, and biodegradable options. Technologies such as active packaging with antimicrobial properties enhance shelf life. Growth is driven by consumer demand for convenience, safety, and eco-friendly solutions, shaping a dynamic industry poised for further evolution.

Food and Drink Packaging Market Size

The global food and drink packaging market size was valued at USD 542.64 billion in 2023 and is projected to reach USD 765.80 billion by 2031, with a CAGR of 4.4% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Report Scope and Market Segmentation       

Food and Drink Packaging Market Definition

Food and drink packaging involves the design, production, and use of containers and materials to protect and preserve food and beverages. It ensures product safety, extends shelf life, and facilitates transportation and storage. Innovations in this market focus on sustainability, convenience, and consumer appeal, driving advancements in materials, technologies, and eco-friendly solutions to meet evolving consumer and regulatory demands.

Food and Drink Packaging Market Dynamics

Drivers

• Rising Health and Wellness Trends

Packaging that supports healthy eating habits, such as portion-controlled formats for snacks or transparent packaging for fresh produce, resonates with the rising consumer focus on health and wellness. For instance, companies such as Fresh Del Monte have introduced clear, resealable containers for their fresh-cut fruit products, promoting visibility and freshness. Such innovations not only meet consumer demand for healthier choices but also drive market growth by enhancing product appeal and convenience.

• Protection of the Product

Packaging plays a pivotal role in preserving food freshness and preventing contamination, crucial for maintaining food safety and quality. For instance, vacuum-sealed packaging for meats and cheeses extends shelf life by creating a barrier against oxygen, preserving flavor and texture. Such technologies not only enhance consumer confidence in product freshness but also drive market demand for effective packaging solutions that safeguard food integrity throughout the supply chain.

Opportunities

• Expansion of E-commerce

The expansion of e-commerce has created opportunities in the food and beverage packaging market by driving demand for durable, secure, and efficient packaging solutions. For instance, companies specializing in meal kit delivery services require packaging that preserves freshness during transit and ensures convenient handling for customers. This trend has spurred innovations in packaging materials and designs tailored to meet the rigorous demands of online shipping, supporting growth and adaptation within the industry.

• Advancements in Technology

Integration of smart packaging technologies such as QR codes, temperature-sensitive labels, and anti-counterfeit measures has created new market opportunities by enhancing consumer engagement and product safety. For instance, QR codes enable consumers to access detailed product information instantly, fostering transparency and trust. Temperature-sensitive labels ensure product freshness, while anti-counterfeit measures protect brands from fraudulent activities, reassuring consumers of authenticity. These advancements drive innovation and competitiveness in the food and drink packaging sector.

Restraints/Challenges

• Food Safety and Shelf Life Requirements

Food safety and shelf life requirements impose significant constraints on the food and drink packaging market. Meeting stringent standards for safety and freshness demands continuous refinement of packaging materials and designs. These requirements add complexity and cost to production processes, limiting market flexibility and innovation. Adherence to these standards is crucial to consumer trust and regulatory compliance, shaping market dynamics without offering positive suggestions for improvement.

• High Cost of Sustainable Materials

The high cost of sustainable materials, such as bioplastics and recyclable alternatives, poses a significant barrier to widespread adoption in the food and drink packaging market. This economic challenge directly impacts profitability for manufacturers, limiting their ability to shift away from traditional, less sustainable options. As a result, despite increasing demand for eco-friendly packaging solutions, cost constraints remain a hindrance to broader market penetration.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Latest Developments in Food and Drink Packaging Market

• In October 2023, CPMC Holdings Limited unveiled plans to construct a new beverage can plant in Hungary, forming a joint venture with ORG to establish Europe's second China-owned facility. The two-piece beverage can plant signifies a significant expansion in the beverage cans market, enhancing production capacity in Europe
• In March 2023, SIG enabled Casalasco Società Agricola to introduce its food products in aseptic carton packs featuring full-barrier packaging materials, ensuring product freshness and quality preservation
• In January 2023, Cascades launched eco-friendly packaging tailored for fresh fruits and vegetables, introducing closed baskets made from recycled and recyclable corrugated cardboard, catering specifically to the produce sector
• In May 2022, UFlexIndia launched FLEXCOAT AQUABAN Coating for Corrugation Boxes, a water-repellent solution for kraft paper used in corrugated boxes. This FDA-compliant coating preserves box integrity during transit and adverse weather conditions, particularly benefiting perishable goods
• In April 2022, Zomato initiated '100% Plastic Neutral Deliveries' in April 2022, aiming to deliver over ten crore orders in sustainable packaging within three years. Collaborations with government initiatives, social enterprises, and startups will drive innovation in restaurant industry packaging solutions

Food and Drink Packaging Market Scope

The market is segmented on the basis material, technology, equipment and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Metal
• Glass and Wood
• Paper and Paperboard and Plastics
• Others

Technology

• Controlled
• Active
• Intelligent
• Aseptic
• Biodegradable
• Others

 Equipment

• Form-Fill-Seal
• Filling and Dosing
• Cartooning
• Case packaging
• Wrapping and Bundling
• Labelling and Coding
• Inspecting
• Detecting, and Check weighing machines
• Others

 Application

• Dairy and Dairy Products
• Bakery Products
• Confectionery Products
• Poultry
• Seafood and Meat Products
• Convenience Foods
• Fruits and Vegetables
• Others

Food and Drink Packaging Market Regional Analysis

The market is analysed and market size insights and trends are provided by country, material, technology, equipment and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

Asia-Pacific is expected to dominate the food and drink packaging market, driven by a burgeoning population, increasing per capita income, and escalating demand in key economies such as China, Japan, and India. These factors underscore the region's pivotal role in shaping the market's growth trajectory and innovation dynamics in packaging solutions.

North America is expected to show significant growth in the food and drink packaging market driven by factors such as increasing shelf-life extension of foods, rising trend of small households, and growing demand for bottled water, tea, and aerated soft drinks in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Food and Drink Packaging Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Amcor plc (Australia)
• Ball Corporation (U.S.)
• Crown (U.S.)
• WestRock Company (U.S.)
• Sealed Air (U.S.)
• Silgan Holdings Inc. (U.S.)
• Tetra Pak International S.A. (Switzerland)
• Toyo Seikan Group Holdings, Ltd. (Japan)
• Parksons Packaging Ltd. (India)
• Cellpack AG Packaging (Switzerland)
•  CLONDALKIN GROUP (Netherlands)
• Constantia Flexibles (Austria)
• Huhtamaki (Finland)
• Mondi (U.K.)
•  Sonoco Products Company (U.S.)

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