North America Food Wrap Market Size & Outlook, 2024-2030
North America food wrap market, 2018-2030 (US$M)
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North America food wrap market highlights
- The North America food wrap market generated a revenue of USD 1,487.4 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,487.4 million |
| Market revenue in 2030 | USD 2,410.6 million |
| Growth rate | 7.1% (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, North America region accounted for 28.9% 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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North America 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 53.64% in 2024. Horizon Databook has segmented the North America 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 North America encompasses a wide range of establishments that provide food to customers outside their homes. These include hotels, canteens, university canteens, catering service companies, food bars, and restaurants.
In addition, the increasing popularity of new restaurant formats, such as virtual kitchens, cloud kitchens, and ghost kitchens, is also contributing to the growth of the food service industry in North America.
Therefore, the flourishing food service industry is expected to benefit food service-related companies offering Ready-To-Eat (RTE) food, beverages, food & beverage packaging, cutlery, and others. This, in turn, is anticipated to increase the demand for food wraps in the food service industry in North America over the forecast period.
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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 North America food wrap market , including forecasts for subscribers. This continent databook contains high-level insights into North America food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America food wrap market size, by country, 2018-2030 (US$M)
North America Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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