The Food Packaging Films Market size was USD 54.65 billion in 2023 and is expected to Reach USD 91.13 billion by 2031 and grow at a CAGR of 6.6 % over the forecast period of 2024-2031.
The demand for packaged food has been driven by shifting eating patterns and a faster pace of life, which is anticipated to have a big impact on the food packaging sector. Additionally, the advantages provided by food packagings, such as a prolonged and stable shelf-life, high barrier properties, and safety, have accelerated the industry's growth. The development of the food packaging film industry is anticipated to be aided by elements like the use of high-performance materials and the accessibility of different material compositions. The market is anticipated to grow as a result of the advantages of food packaging, such as the reduction of content contamination and increased efficiency. Additionally, it is anticipated that the declining household size, increasing disposable income, and rising population will all have a positive effect on market growth.
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Increased infrastructure improvements for recycling glass, metals, and plastics also support industry growth. The growth of the packaging film market could be hampered by worries about waste from improper packing.
The market is anticipated to be positively impacted by increasing retail product sales and the growing trend of online shopping. The busy lifestyle and the introduction of new low-fat and baked snacks that are health-conscious are also causing people to consume these items more frequently than traditional foods. The demand for packaged food products is then expected to increase as a result, which is predicted to spur market expansion.
Due to the switch from offline to online shopping, online goods, and services saw an increase in sales. The post-normalization of operations saw further growth in this trend. Sales of food packaging products used in the e-commerce sector increased as a result of the introduction of cutting-edge online shopping experiences with numerous consumer touchpoints, and this development is anticipated to continue in the years to come.
KEY DRIVERS:
New packaging film markets are being developed as a result of improvements in film technologies.
The market for food packaging films is benefited by advancements in materials, film structures, protective coatings, and printing methods. As a result of these developments, it is now possible to produce films with enhanced barrier qualities, improved printing quality, and novel functionalities to satisfy the changing needs of the food industry.
Packaging films are now required due to the growth of e-commerce and online food delivery services.
RESTRAIN:
The market for food packaging films is significantly constrained by the rising cost of raw materials.
Resins, additives, and coatings are some of the primary raw materials whose prices have been rising recently and are used to make packaging films. These price hikes can be attributed to a variety of factors, including supply chain disruptions, changes in oil prices, and increased demand from various industries.
OPPORTUNITY:
Innovation and the creation of new products are made possible by the shift to returnable packaging.
Packaging films are required that not only adhere to environmental standards but also offer practical advantages like increased shelf life, improved product protection, and enhanced usability. Companies can gain market share and maintain an advantage over rivals by creating cutting-edge sustainable packaging solutions.
E-commerce and direct-to-consumer channels are expanding, which gives packaging films a chance.
CHALLENGES:
It can be difficult to inform consumers of the advantages and proper disposal of sustainable packaging.
The adoption of sustainable packaging solutions can be hampered by misconceptions or a lack of knowledge about composting, recycling, and the environmental effects of various packaging options. It is essential to explain to consumers the worth and sustainability of packaging films.
Russia, the world's second-largest oil producer, has the ability to significantly alter the petroleum market, which could have an indirect impact on the manufacturing of packaging.
Gas prices are expected to continue rising as long as the conflict lasts due to the disruption their sudden invasion of Ukraine caused. Logistics and shipping will face additional challenges as the price of gasoline rises significantly.
As manufacturers and distributors alike scramble to adjust their pricing as the price of gas continues to soar, these cost increases will likely be felt throughout the supply chain for various packaging products. Experts in the plastics industry are predicting potentially significant price increases for consumer goods made of plastic, which should come as no surprise given the rising costs in the global oil market.
Industry watchdogs worry that the cost of plastics will keep rising because the majority of flexible plastics packaging are made from resins derived from petroleum. The Ukrainian crisis may also lead to significant price increases for a variety of plastic packaging materials made from formulations derived from resin, such as polyethylene.
The market for food packaging film may be impacted in a variety of ways while the recession is still going strong. Lower demand for packaged foods can indirectly affect demand for food packaging films due to decreased consumer spending and increased price sensitivity. The demand for specific kinds of packaging films may be impacted if consumer preferences change in favor of less expensive alternatives. Manufacturers may implement cost-cutting strategies to address economic challenges, which may include looking for more affordable packaging options or lowering overall packaging spending. The precise effect on the food packaging film market will depend on the depth and length of the recession, the state of the local economy, and the nature of the industry.
By Raw Material
PET
Polyamide
Polypropylene
Others
By Product Type
Rigid Packaging Films
Flexible Packaging Films
By End Use
Food & Beverages
Healthcare
Homecare Products
Industrial Goods
Others
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With over 35% of the market's revenue expected to come from Asia Pacific in 2023, it is predicted that this region will be the largest market, followed by Europe and North America. The rising per capita income, expanding population, and rising demand for packaged foods in developing nations like China, Japan, and India are predicted to be major drivers of the food packaging industry.
Because of its large population and expanding economy, China is the biggest consumer. Because of China's growing middle class and increasing purchasing power, the country's food packaging market is predicted to expand significantly. As a result of the product's expanding use in retail chains, India has the fastest-growing market.
Demand for packaging solutions in North America is anticipated to be driven by the region's thriving retail market and consumers' high consumption of packaged food. In addition, the presence of numerous manufacturers is anticipated to be advantageous for the area.
Though there is a high level of saturation, Europe is anticipated to have a promising future. The single market policy of Europe permits free trade within the area, which is anticipated to promote exports and subsequently fuel industry growth.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
Some major key players in the Food Packaging Films market are Amcor Plc, Coveris, Sealed Air Corporation, Mondi Group, WestRock, DS Smith, Graphic Packaging Holding Company, DuPont Tejin Films, Charter Next Generation, Berry Global, and other players.
ProAmpac, The ProActive Recyclable R-2200D Easy-Peel Open for food film, manufactured by ProAmpac, based on PE.
Thailand and Malaysia, Using the leftover pineapple stems, researchers produce a biodegradable film.
| Report Attributes | Details |
| Market Size in 2023 | US$ 54.65 Bn |
| Market Size by 2031 | US$ 91.13 Bn |
| CAGR | CAGR of 6.6% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Raw Material (PET, Polyethylene, Polyamide, Polypropylene, Others) • by Product Type (Rigid Packaging Films, Flexible Packaging Films) • by End Use (Food & Beverages, Healthcare, Homecare Products, Industrial Goods, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Amcor Plc, Coveris, Sealed Air Corporation, Mondi Group, WestRock, DS Smith, Graphic Packaging Holding Company, DuPont Tejin Films, Charter Next Generation, Berry Global |
| Key Drivers | • New packaging film markets are being developed as a result of improvements in film technologies. • Packaging films are now required due to the growth of e-commerce and online food delivery services. |
| Market Opportunities | • Innovation and the creation of new products are made possible by the shift to sustainable packaging. • E-commerce and direct-to-consumer channels are expanding, which gives packaging films a chance. |
Ans: Food Packaging Films Market is expected to grow at a CAGR of 6.6 % over the forecast period of 2024-2031.
Ans: The Food Packaging Films Market size was USD 54.65 Bn in 2023 and is expected to Reach USD 91.13 Bn by 2031.
Ans: New packaging film markets are being developed as a result of improvements in film technologies.
Ans: Some major key players in the Food Packaging Films market are Amcor Plc, Coveris, Sealed Air Corporation, Mondi Group, WestRock, DS Smith, Graphic Packaging Holding Company, DuPont Tejin Films, Charter Next Generation, Berry Global.
Ans: Asia Pacific region is dominating the Food Packaging Films Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Food Packaging Films Market Segmentation, By Raw Material
8.1 Plastic
8.2 Metal
8.3 Glass
8.4 Paper & Paperboard
9. Food Packaging Films Market Segmentation, By Product Type
9.1 Liquid Cartons
9.2 Plastic Bottles
9.3 Glass Bottles
9.4 Cans
9.5 Pouches
9.6 Others
10. Food Packaging Films Market Segmentation, By End Use
10.1 Alcoholic
10.2 Non-Alcoholic
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Food Packaging Films Market by Country
11.2.2North America Food Packaging Films Market By Raw Material
11.2.3 North America Food Packaging Films Market By Product Type
11.2.4 North America Food Packaging Films Market By End Use
11.2.6 USA
11.2.6.1 USA Food Packaging Films Market By Raw Material
11.2.6.2 USA Food Packaging Films Market By Product Type
11.2.6.3 USA Food Packaging Films Market by End Use
11.2.7 Canada
11.2.7.1 Canada Food Packaging Films Market By Raw Material
11.2.7.2 Canada Food Packaging Films Market By Product Type
11.2.7.3 Canada Food Packaging Films Market By End Use
11.2.8 Mexico
11.2.8.1 Mexico Food Packaging Films Market By Raw Material
11.2.8.2 Mexico Food Packaging Films Market By Product Type
11.2.8.3 Mexico Food Packaging Films Market By End Use
11.3 Europe
11.3.1 Europe Food Packaging Films Market by Country
11.3.2 Europe Food Packaging Films Market By Raw Material
11.3.3 Europe Food Packaging Films Market By Product Type
11.3.4 Europe Food Packaging Films Market By End Use
11.3.6 Germany
11.3.6.1 Germany Food Packaging Films Market By Raw Material
11.3.6.2 Germany Food Packaging Films Market By Product Type
11.3.6.3 Germany Food Packaging Films Market By End Use
11.3.7 UK
11.3.7.1 UK Food Packaging Films Market By Raw Material
11.3.7.2 UK Food Packaging Films Market By Product Type
11.3.7.3 UK Food Packaging Films Market By End Use
11.3.8 France
11.3.8.1 France Food Packaging Films Market By Raw Material
11.3.8.2 France Food Packaging Films Market By Product Type
11.3.8.3 France Food Packaging Films Market By End Use
11.3.9 Italy
11.3.9.1 Italy Food Packaging Films Market By Raw Material
11.3.9.2 Italy Food Packaging Films Market By Product Type
11.3.9.3 Italy Food Packaging Films Market By End Use
11.3.10 Spain
11.3.10.1 Spain Food Packaging Films Market By Raw Material
11.3.10.2 Spain Food Packaging Films Market By Product Type
11.3.10.3 Spain Food Packaging Films Market By End Use
11.3.11 The Netherlands
11.3.11.1 Netherlands Food Packaging Films Market By Raw Material
11.3.11.2 Netherlands Food Packaging Films Market By Product Type
11.3.11.3 Netherlands Food Packaging Films Market By End Use
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Food Packaging Films Market By Raw Material
11.3.11.2 Rest of Europe Food Packaging Films Market By Product Type
11.3.11.3 Rest of Europe Food Packaging Films Market By End Use
11.4 Asia-Pacific
11.4.1 Asia Pacific Food Packaging Films Market by Country
11.4.2 Asia Pacific Food Packaging Films Market By Raw Material
11.4.3 Asia Pacific Food Packaging Films Market By Product Type
11.4.4Asia Pacific Food Packaging Films Market By End Use
11.4.6 Japan
11.4.6.1 Japan Food Packaging Films Market By Raw Material
11.4.6.2 Japan Food Packaging Films Market By Product Type
11.4.6.3 Japan Food Packaging Films Market By End Use
11.4.7 South Korea
11.4.7.1 South Korea Food Packaging Films Market By Raw Material
11.4.7.2 South Korea Food Packaging Films Market By Product Type
11.4.7.3 South Korea Food Packaging Films Market By End Use
11.4.8 China
11.4.8.1 China Food Packaging Films Market By Raw Material
11.4.8.2 China Food Packaging Films Market By Product Type
11.4.8.3 China Food Packaging Films Market By End Use
11.4.9 India
11.4.9.1 India Food Packaging Films Market By Raw Material
11.4.9.2 India Food Packaging Films Market By Product Type
11.4.9.3 India Food Packaging Films Market By End Use
11.4.10 Australia
11.4.10.1 Australia Food Packaging Films Market By Raw Material
11.4.10.2 Australia Food Packaging Films Market By Product Type
11.4.10.3 Australia Food Packaging Films Market By End Use
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Food Packaging Films Market By Raw Material
11.4.11.2 APAC Food Packaging Films Market By Product Type
11.4.11.3 APAC Food Packaging Films Market By End Use
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Food Packaging Films Market by Country
11.5.2 The Middle East & Africa Food Packaging Films Market By Raw Material
11.5.3 The Middle East & Africa Food Packaging Films Market By Product Type
11.5.4The Middle East & Africa Food Packaging Films Market By End Use
11.5.6 Israel
11.5.6.1 Israel Food Packaging Films Market By Raw Material
11.5.6.2 Israel Food Packaging Films Market By Product Type
11.5.6.3 Israel Food Packaging Films Market By End Use
11.5.7 UAE
11.5.7.1 UAE Food Packaging Films Market By Raw Material
11.5.7.2 UAE Food Packaging Films Market By Product Type
11.5.7.3 UAE Food Packaging Films Market By End Use
11.5.8 South Africa
11.5.8.1 South Africa Food Packaging Films Market By Raw Material
11.5.8.2 South Africa Food Packaging Films Market By Product Type
11.5.8.3 South Africa Food Packaging Films Market By End Use
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Food Packaging Films Market By Raw Material
11.5.9.2 Rest of Middle East & Asia Food Packaging Films Market By Product Type
11.5.9.3 Rest of Middle East & Asia Food Packaging Films Market By End Use
11.6 Latin America
11.6.1 Latin America Food Packaging Films Market by Country
11.6.2 Latin America Food Packaging Films Market By Raw Material
11.6.3 Latin America Food Packaging Films Market By Product Type
11.6.4 Latin America Food Packaging Films Market By End Use
11.6.6 Brazil
11.6.6.1 Brazil Food Packaging Films Market By Raw Material
11.6.6.2 Brazil Africa Food Packaging Films Market By Product Type
11.6.6.3 Brazil Food Packaging Films Market By End Use
11.6.7 Argentina
11.6.7.1 Argentina Food Packaging Films Market By Raw Material
11.6.7.2 Argentina Food Packaging Films Market By Product Type
11.6.7.3 Argentina Food Packaging Films Market by By End Use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Food Packaging Films Market By Raw Material
11.6.8.2 Rest of Latin America Food Packaging Films Market By Product Type
11.6.8.3 Rest of Latin America Food Packaging Films Market By End Use
12 Company Profile
12.1 Amcor Plc
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Coveris
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Sealed Air Corporation
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Mondi Group
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 WestRock
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 DS Smith
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Graphic Packaging Holding Company
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 DuPont Tejin Films
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Charter Next Generation
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Berry Global
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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