Global Food Packaging Market Size & Outlook, 2024-2030
Global food packaging market, 2018-2030 (US$M)
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Global food packaging market highlights
- The global food packaging market generated a revenue of USD 400,278.7 million in 2024 and is expected to reach USD 562,322.7 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.8% by 2030.
- In terms of segment, flexible accounted for a revenue of USD 178,118.8 million in 2024.
- Flexible is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Germany is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 400,278.7 million |
| Market revenue in 2030 | USD 562,322.7 million |
| Growth rate | 5.8% (CAGR from 2024 to 2030) |
| Largest segment | Flexible |
| Fastest growing segment | Flexible |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid, Semi-rigid, Flexible |
Other key industry trends
- In terms of revenue, the North America accounted for 24.6% of the global food packaging market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 22,637.5 million by 2030.
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Food Packaging Market Scope
Food Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global food packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food packaging market will help companies and investors design strategic landscapes.
Flexible was the largest segment with a revenue share of 44.5% in 2024. Horizon Databook has segmented the Global food packaging market based on rigid, semi-rigid, flexible covering the revenue growth of each sub-segment from 2018 to 2030.
Food packaging is used for packaging frozen as well as fresh food products. Primarily, packaged foods include ready-to-eat meals, ready-to-eat convenient products, frozen meals, cake mixes, and snack foods. Growing demand for these products is expected to increase demand for packaging solutions, as a result, the demand for food packaging products is expected to grow over the forecast period.
Packaged food market growth is driven by innovative processing techniques for extending the shelf life of food. Overall market demand is expected to be led by snack foods, dairy products, and meat, poultry, and seafood products. Key market drivers include technological improvement, changing lifestyles, modern retail trades, and the increased popularity of quick-service restaurants.
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Our clientele includes a mix of food packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global food packaging market , including forecasts for subscribers. This global databook contains high-level insights into Global food packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global food packaging market size, by regions, 2018-2030 (US$M)
Top 10 countries: Food packaging market size, 2024 (US$M)
Global food packaging market share, by type, 2024 & 2030 (%, US$M)
Food packaging market: Opportunity assessment by country
Global food packaging market, by region, 2024 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 74,795.3 | 77,781.1 | 84,313.1 | 87,688.7 | 91,049.4 | 94,695.5 | 98,656.7 | 102,943.1 | 107,603.3 | 112,665.4 | 118,173.8 | 124,159.0 | 130,659.3 | 4.8% |
| Europe | 83,558.8 | 86,153.9 | 92,757.6 | 95,553.3 | 98,546.2 | 101,774.4 | 105,258.2 | 109,016.0 | 113,074.4 | 117,449.6 | 122,170.7 | 127,281.3 | 132,798.6 | 4.0% |
| Asia Pacific | 105,693.1 | 112,205.7 | 124,449.6 | 132,173.9 | 140,712.3 | 150,081.9 | 160,330.7 | 171,631.9 | 184,073.7 | 197,771.0 | 212,877.1 | 229,597.7 | 248,130.3 | 7.6% |
| Latin America | 17,896.8 | 18,735.7 | 20,432.5 | 21,341.9 | 22,336.0 | 23,416.7 | 24,588.3 | 25,857.9 | 27,237.5 | 28,736.4 | 30,370.1 | 32,150.0 | 34,087.9 | 5.6% |
| MEA | 8,068.2 | 8,382.8 | 9,206.2 | 9,700.8 | 10,234.2 | 10,813.9 | 11,444.7 | 12,131.3 | 12,882.0 | 13,700.7 | 14,595.9 | 15,575.0 | 16,646.7 | 6.4% |
| Overall | 290,012.2 | 303,259.2 | 331,159.0 | 346,458.6 | 362,878.2 | 380,782.4 | 400,278.7 | 421,580.1 | 444,870.9 | 470,323.0 | 498,187.5 | 528,762.9 | 562,322.7 | 5.8% |
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