Market revenue in 2023 | USD 141.2 million |
Market revenue in 2030 | USD 217.4 million |
Growth rate | 6.4% (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 |
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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 wrap market will help companies and investors design strategic landscapes.
Paper was the largest segment with a revenue share of 54.75% in 2024. Horizon Databook has segmented the Italy food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
Italy's e-commerce and online food delivery markets have grown significantly in recent years, driven by changing consumer habits and the increasing popularity of convenience and online shopping. These trends have significantly affected the food service industry, which includes restaurants, cafes, and other food establishments.
As more consumers order food for delivery or takeout, the demand for suitable food packaging, including food wraps, is anticipated to increase over the forecast period. Moreover, in April 2024, SSP Group, a major operator of food & beverage outlets in travel locations across the world, announced its plans to expand its presence in Italy by opening new restaurants in key travel hubs, including Rome, Turin, and Milan.
This expansion is thus expected to fuel the demand for food packaging products, including food wraps, as they are ideal for packaging items, such as sandwiches, sushi, and salads, which are popular in travel settings.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy food wrap market , including forecasts for subscribers. This country databook contains high-level insights into Italy food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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