The global food packaging film market is projected to grow significantly, from US$ 60.6 billion in 2024 to US$ 115.0 billion by 2034, at a robust compound annual growth rate (CAGR) of 6.6%. This growth is fueled by increasing consumer demand for convenient and sustainable packaging solutions, coupled with advancements in film technologies that enhance shelf life and food safety.
Core Concepts in the Food Packaging Film Industry
- Market Value in 2024: The food packaging film market is predicted to be valued at US$ 60.6 billion in 2024.
- Sales Forecast for 2034: The market for food packaging films is expected to grow to US$ 115.0 billion by 2034.
- Expected Growth Rate: The food packaging film market is anticipated to grow at a CAGR of 6.6% from 2024 to 2034.
- Key Companies: Some of the key players in the food packaging film market include Amcor Plc, AEP Industries Inc., Bemis Company Incorporation, Berry Plastics Group, Inc., Coveris Group, Crown Holdings, Inc., among others.
- Leading Type of Food Packaging Film: The flexible type of food packaging film is leading the market, expected to expand at a CAGR of 6.4% through 2034.
Click to Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-18937
Business Growth Opportunities in the Food Packaging Film:
- Sustainable Packaging Solutions: With increasing consumer awareness about environmental issues, there’s a growing demand for eco-friendly food packaging films made from renewable materials or those that are easily recyclable or biodegradable.
- Advanced Barrier Films: Innovations in barrier film technology are driving growth by offering extended shelf life for perishable food products, maintaining freshness, and preventing spoilage.
- Convenience Packaging: Packaging films that enable convenient storage, handling, and portion control are becoming increasingly popular, catering to the busy lifestyles of consumers who seek convenience without compromising on quality.
- Smart Packaging: The integration of smart technologies such as RFID tags, QR codes, and sensors into food packaging films is creating opportunities for improved tracking, authentication, and communication of product information throughout the supply chain.
- Customized Packaging Solutions: Customizable packaging films that cater to the specific needs of different food products, including shape, size, and barrier properties, are gaining traction as manufacturers seek to differentiate their products and enhance brand value.
Upcoming Trends in the Food Packaging Film Industry:
- Antimicrobial Films: Rising concerns about food safety and hygiene are driving the development of antimicrobial packaging films, which help inhibit the growth of pathogens and extend the shelf life of packaged foods.
- Active Packaging: Active packaging films infused with substances like oxygen absorbers, ethylene scavengers, and moisture controllers are emerging to maintain the quality and freshness of food products, thus reducing food waste.
- Intelligent Packaging Systems: The integration of Internet of Things (IoT) technology in food packaging films is enabling real-time monitoring of factors like temperature, humidity, and gas composition, ensuring optimal storage conditions and product quality.
- Recyclable and Biodegradable Films: With increasing regulatory pressure and consumer preference for sustainable packaging solutions, there’s a growing focus on the development of food packaging films that are recyclable, compostable, or biodegradable, thus reducing environmental impact.
- Nanotechnology in Packaging: Nanotechnology is being leveraged to enhance the properties of food packaging films, such as improved barrier properties, mechanical strength, and antimicrobial activity, thereby extending the shelf life of packaged foods and enhancing overall product safety.
Request For Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-18937
E-commerce and Online Food Retail
The rise of online food retail and delivery services has significantly increased the demand for packaging films that provide protection during transportation. Packaging films that maintain product integrity and offer a positive consumer experience are essential in this growing market segment.
International Food Trade
The expansion of international food trade requires effective packaging solutions to ensure the safe and efficient transport of food products across borders. Packaging films play a crucial role in preserving product quality during long-distance transportation.
Key Companies in the Market
- Amcor Plc
- AEP Industries Inc.
- Bemis Company Incorporation
- Berry Plastics Group, Inc.
- Coveris Group
- Crown Holdings, Inc.
- Charter NEX Films Inc.
- Constantia Flexibles Group GmbH
- DS Smith and Packaging
- ExxonMobil Chemical Company
- Graphic Packaging Holding Company
- Linpac Packaging Limited
- Mondi Group
- Plastipak Incorporation
- Stora Enso Inc.
- Sealed Air Corporation
- Sonoco Products Company
- Tetra Oak International S.A.
- The Dow Chemical Company
- Wipak Walsrode GmbH & Co. KG
Your dream purchase is just a click away. Buy now and make it yours: https://www.futuremarketinsights.com/checkout/18937
Market Segmentation
By Type:
- Flexible
- Rigid
By Material:
- Polyethylene
- Polypropylene
- Polyethylene Terephthalate
- Polyester
- Polyamide
- PVC
- Others
By Application:
- Fruits & Vegetables
- Bakery & Confectionery
- Medical and Pharmaceutical
- Consumer Products
- Industrial Packaging
- Meat, Poultry & Seafood
- Convenience Foods
- Dairy Products
- Others
By Region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
