Europe Food Wrap Market Size & Outlook, 2024-2030
Europe food wrap market, 2018-2030 (US$M)
Related Markets
Europe food wrap market highlights
- The Europe food wrap market generated a revenue of USD 1,231.7 million in 2023.
- The market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, paper was the largest revenue generating material in 2023.
- Paper is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,231.7 million |
| Market revenue in 2030 | USD 1,949.8 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic Foil, Aluminum Foil, Paper |
| Key market players worldwide | Amcor PLC, Berry Global Group Inc, Huhtamaki, Reynolds Consumer Products Inc Ordinary Shares, ProAmpac, Mitsubishi Chemical Group Corp, Georgia-Pacific Packaging & Cellulose, Veritiv, Pixelle Specialty Solutions, Ahlstrom-Munksjö |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.9% of the global food wrap market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,203.1 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe food wrap 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 wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 54.5% in 2024. Horizon Databook has segmented the Europe food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
Europe has been experiencing steady growth in the global food wrap market, accounting for a revenue share of 23.92% in 2023. This outlook can be attributed to a combination of consumer preferences, stringent regulations, and the region's strong focus on sustainability.
European consumers are increasingly conscious of food safety and hygiene, which has led to a high demand for effective food wrapping solutions that prevent contamination and help preserve freshness. This demand is bolstered by the well-established food industry in the region, which is one of the largest in the world.
Countries such as Germany, France, and Italy, with their rich culinary traditions, emphasize packaging that maintains the quality of food products, thus driving the adoption of food wrap solutions in the region. Additionally, stringent regulatory frameworks around the use of single-use plastics in the European Union (EU) have incentivized food businesses to switch to alternative wrapping solutions.
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Our clientele includes a mix of food wrap market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe food wrap market , including forecasts for subscribers. This continent databook contains high-level insights into Europe food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe food wrap market size, by country, 2018-2030 (US$M)
Europe Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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