The Global Food Packaging Market Value in 2016 Will be $282.6bn

Monday 25 April 2016, Amsterdam

This new report assesses that the global food packaging market value in 2016 will be $282.6bn. An expansion in the market is expected over the period 2016-2026. The USA, Japan, Germany, and China are the main markets which are expected to drive the global market.

This study expects an expansion of the food packaging market within Asia. The Chinese and Japanese population have started to adopt western lifestyles. This population is requiring small sizes, easy-to-open solutions, and right labelling content. Further, the Italian market is featured by its consumption of fresh vegetables and fruits. Italian shoppers are increasing its consumption of canned food such as fish and seafood (tuna), meat, tomatoes and beans.

In addition, the demand for paper, flexible and rigid plastic food packaging is expected to increase due to Brazil’s role as an exporter of poultry, soyabeans, sugar, rice and beef. This study estimates a growth within the rest of the world market due to several countries showing business opportunities. Mexico, Colombia, Portugal, Turkey, South Africa and Indonesia are market players which their GDP and urban population expected to increase. In addition the household composition shows opportunities to develop small and medium size food packaging.

Increasingly, consumers are health and environmentally conscious; these show opportunities for food packaging firms which are able to offer readable labeling, different type of packaging size, easy-to-open and food waste solutions.

This study reveals global, regional and national forecast from 2016-2026, demonstrating where the business opportunities are. The submarkets for rigid plastic, flexible plastic, paper, glass, metal and other materials are also forecast and analyzed from 2016-2026.

This study also analyses the main leading companies within the food packaging market such as Amcor, Ardagh, Ball Corporation, Bemis Company Inc, Crown Holdings Inc, DS Smith Plc, WestRock, Mondi Group, Owens-Illionis Inc, Compagnie de Saint-Gobain