The latest update of the “Food Packaging Market Size” released by Fortune Business Insights™, Worldwide Industry Size, Share, Growth, Opportunities Analysis in 2022. The Food Packaging market report encompasses the systematic evaluation of the market situation for the forecast period. The report provides a comprehensive study of the Food Packaging market with complete insight into the global economy and competitive landscape for business investors. A thorough assessment of competitors and their offerings is conducted that will equip business owners to make strategically astute decisions. The Food Packaging market report focuses on thoroughly explaining market opportunities, trends, drivers, restraints, and other factors involved in the growth of the market.
Scope of The Study:
The global food packaging market size is expected to reach USD 463.65 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period. The increasing demand for high-quality food products and evolving lifestyles of consumers will influence growth of the market during the forecast period, states Fortune Business Insights, in a report, the market size stood at USD 304.98 billion in 2019.
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Fortune Business Insights™ offers its clients comprehensive research and analysis based on a wide variety of factual inputs, which majorly include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the Food Packaging Market report requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.
List of Top Key Players in the Food Packaging Market:
- Mondi Group (Austria)
- Amcor plc (Australia)
- Berry Global Inc. (U.S.)
- BALL CORPORATION (U.S.)
- Stora Enso (Finland)
- Constantia Flexibles (Austria)
- Plastipak (U.S.)
- Tetra Pak International S.A. (Switzerland)
- DS Smith (UK)
- ExxonMobil Chemical (U.S.)
- Other Key Players
The study comprises various parameters such as parent/peer market analysis, top player positioning in the base year, Porter’s five force analysis, value chain analysis, the impact of government regulations on the market, and market dynamics (drivers, restraints, and opportunities), which directly or indirectly impact the growth of the market.
Key Insights of Food Packaging Market Report:
- Fortune Business Insights™ helps to analyze the value chain of a particular market from all participant’s perspectives.
- The study includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder.
- The Food Packaging Market dynamics include drivers, restraints, and opportunities of the market. Drivers state the factors that boost the growth of the market, whereas restraints are likely to hamper the market growth. Opportunities are the factors that act as the catalysts of the market.
- All these factors, along with data facts, are covered in the study.
Parent/peer market analysis helps in understanding the parent market and estimating the share of the Food Packaging market in the parent market.
- In some cases, it exhibits a comparative share analysis between the Food Packaging market and its peer products.
Rising Urban Population to Augment Growth In Asia Pacific The market in Asia Pacific is expected to dominate the global market during the forecast period owing to increased retail infrastructure development in the region. The rising urban population levels in China, Japan, and India will influence the growth of the market in Asia Pacific. The increasing disposable income and consumer demand for eco-friendly food packaging solutions will have a positive effect on the market. The presence of various manufacturers in china is expected to accelerate revenue in the region. Moreover, the inflated demand for frozen food can be an essential factor fostering the growth of the market. The market in North America is expected to exhibit a significant CAGR during the forecast period owing to the growing awareness regarding a healthy lifestyle. The booming food packaging in the U.S. will enable expansion of the market in North America.
‣ North America: U.S., Canada, and Mexico
‣ Europe: Germany, UK, Italy, Spain, France, and the Rest of Europe
‣ Asia-Pacific: India, China, Japan, South Korea, Australia, and the Rest of Asia-Pacific
‣ LAMEA: Brazil, Saudi Arabia, South Africa, and the Rest of LAMEA
COVID-19 Impact Analysis:
The outbreak of the COVID-19 pandemic significantly impacted the lives of people and the global economy. The report covers micro- and macro-economic COVID-19 impact analysis. In addition, the report provides a qualitative analysis of the impact of COVID-19 on the Food Packaging market. Moreover, the market size and share will reflect the impact COVID-19 has had on the Food Packaging market and subsequent years. In addition, the study outlines the key strategies adopted by the key players during the pandemic. Furthermore, the report highlights the impact of COVID-19 on the supply chain. Moreover, it discusses the influence of the roll-out of the vaccines and the reduction in the chance of infection on the Food Packaging market. Therefore, the report will focus on providing a post-COVID-19 impact analysis.
Key Benefits For Food Packaging Market:
- The Food Packaging market analysis covers in-depth information on major industry participants.
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides an in-depth analysis of the Food Packaging market during the forecast period (2022–2029).
- The report outlines the current market trends and future scenarios of the global Food Packaging market to understand the prevailing opportunities and potential investment pockets.
- The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Food Packaging market is targeted to aid in determining the features the company should encompass in order to fit into the business requirements. For the Consumer-based market – the study is also classified with Market Maker information in order to better understand who the clients are, their buying behavior, and patterns.
Key Questions addressed by the report:
- What is the main driving factor for the growth of the Asia Pacific Food Packaging market?
- What are the restraining factors of the market?
- Who are the key market players?
- Which region holds the biggest market share?
- What are the recent trends in the Asia Pacific Food Packaging market?