Market revenue in 2024 | USD 105,258.2 million |
Market revenue in 2030 | USD 132,798.6 million |
Growth rate | 3.9% (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 |
Key market players worldwide | Amcor PLC, Sealed Air Corp, Sonoco Products Co, Berry Global Group Inc, WestRock Co, Mondi PLC, Genpak, Pactiv Evergreen Inc Ordinary Shares, Winpak Ltd, Alpha Packaging, Packaging Corp of America, Emmerson Resources Ltd, ProAmpac |
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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 44.14% in 2024. Horizon Databook has segmented the Europe food packaging market based on rigid, semi-rigid, flexible covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for packaged, ready-to-eat, and convenience food owing to the hectic lifestyle, increasing number of working hours, and increasing women working population in Europe is expected to promote the growth of the food packaging market in the region over the forecast period.
Companies operating in the European food packaging market are responding to the need of the hour to switch toward the use of recycled plastic instead of single-use plastic to reduce environmental pollution caused due to plastic waste accumulation in landfills.
For instance, in November 2020, Indorama Ventures Limited (IVL) acquired IMP Polowat, a Poland-based company involved in recycling polyethylene terephthalate (PET). IMP Polowat is a part of the Italian company, Maurizio Peruzzo Group.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe food packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Europe food packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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