U.S. Food Wrap Market Size & Outlook, 2024-2030
U.S. food wrap market, 2018-2030 (US$M)
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U.S. food wrap market highlights
- The U.S. food wrap market generated a revenue of USD 1,058.4 million in 2023 and is expected to reach USD 1,747.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.4% 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 1,058.4 million |
| Market revenue in 2030 | USD 1,747.2 million |
| Growth rate | 7.4% (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 |
Other key industry trends
- In terms of revenue, U.S. accounted for 20.6% 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 North America, U.S. food wrap market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,747.2 million by 2030.
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Food Wrap Market Scope
Food Wrap Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 53.53% in 2024. Horizon Databook has segmented the U.S. food wrap market based on plastic foil, aluminum foil, paper covering the revenue growth of each sub-segment from 2018 to 2030.
Notably, spending on food-at-home decreased from 5.6% to 5.3% of the disposable income, while food away-from-home spending rose from 5.6% to 5.9% of the disposable income, indicating a shift in consumer behavior. Hence, the rising food-away-from-home spending is expected to offer lucrative growth opportunities for Quick Service Restaurants (QSRs), cafes, and food kiosks in the country.
These settings rely heavily on various types of food wraps, including plastic wraps, aluminum foils, and paper based wraps, to package and preserve the freshness of food during transit, thus triggering market growth in the country.
Furthermore, the rapid growth of e-commerce food delivery platforms, such as Uber Eats, Grub hub, and others, due to high consumer spending and changing eating habits, is also expected to support the growth of the food wrap market in the country.
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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 country-level data and insights on the U.S. food wrap market , including forecasts for subscribers. This country databook contains high-level insights into U.S. food wrap market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. food wrap market size, by material, 2018-2030 (US$M)
U.S. Food Wrap Market Outlook Share, 2024 & 2030 (US$M)
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