India Food Wrap Market Size & Outlook, 2024-2030
India food wrap market, 2018-2030 (US$M)
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India food wrap market highlights
- The India food wrap market generated a revenue of USD 365.1 million in 2023 and is expected to reach USD 654.4 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% 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.
Food wrap market data book summary
| Market revenue in 2023 | USD 365.1 million |
| Market revenue in 2030 | USD 654.4 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Paper |
| Fastest growing segment | Paper |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 7.1% of the global food wrap market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China food wrap market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 654.4 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 54.18% in 2024. Horizon Databook has segmented the India food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
The food service industry in India is rapidly evolving, driven by changing consumer preferences, urbanization, and increasing disposable incomes. The sector encompasses a wide range of formats, from traditional restaurants to modern quick-service restaurants (QSRs), cafes, and food parks.
Fast food consumption in India is on the rise, particularly in urban areas where the youth population and working professionals seek convenient, affordable, and diverse dining options. Global and domestic fast-food chains, such as McDonald's, Domino's, and Burger King, have established a strong presence in India, catering to the demand for quick, tasty meals.
The rising fast-food consumption in India, especially in urban areas, directly supports the growth of the food wrap packaging market as these wraps are essential for preserving the freshness and portability of popular fast-food items such as burgers, wraps, and sandwiches. In addition, the food delivery market in India is another significant driver of the food service industry, experiencing exponential growth in recent years.
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Our clientele includes a mix of food wrap market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the India food wrap market , including forecasts for subscribers. This country databook contains high-level insights into India food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India food wrap market size, by material, 2018-2030 (US$M)
India Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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