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Food Packaging Market - Positive Long-Term Growth Outlook 2025

Rising demand for convenience foodstuff owing to lifestyle changes and altering eating habits is anticipated propel the growth of the global market. The Global Food Packaging Market size is expected to reach USD 411.3 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 5.1% during the forecast period.


The industry exhibits rapid growth for single-serve and portable food packs. Increasing purchasing power of buyers owing to rising per capita income is expected to boost growth. Furthermore, increasing urban population and attraction toward ready-to-eat meals by consumers is expected to escalate industry growth.

The industry is expected to be restrained by high volatility observed in prices of raw materials. In addition, introduction of sustainable packing materials by major manufacturers, coupled with increasing consumption volume by buyers, is expected to provide an impetus to industry growth over the next few years.

Rising concerns of consumers regarding contamination and food safety is predicted to bolster demand for effective packaging solutions. In addition, increasing number of retail chains is anticipated to propel sales of packaged foodstuff, consequently driving demand for packaging material. Surge in demand for food delivery services is also expected to have a positive impact on the industry.

To Know More About Food Packaging Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/food-packaging-market 

Rising inclination toward innovation in environment-friendly and sustainable packing is an emerging trend in the industry. Emergence of new and innovative packing types and technologies is expected to boost industry growth across the globe. Players also insist on investing in development of cost-effective, lightweight, and high performance packing materials.

Top Players of Food Packaging Market:

Key players comprise Amcor Ltd., Ball Corporation, Georgia Pacific Corporation, and DS Smith PLC.

Market Segmentation of Food Packaging Market:

The Global Food Packaging Market segmented on the basis of Type, Material, Application, and Region.

By Type:

Rigid
Semi-rigid
Flexible

By Material:

Paper & Paperboard
Plastics
Metal
Glass

By Application:

Bakery & Confectionary
Dairy Product
Fruits & Vegetables
Meat & Seafood
Sauces & Dressing

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Food Packaging Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1248/ibb 
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