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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 c...