Global Baby Food Packaging Market - 2022-2029

Global Baby Food Packaging Market - 2022-2029

Market Overview

Baby food packaging is a type of paramount importance for consumers to safeguard the quality of the packaged food. Increase in the number of working parents is a vital factor driving the growth of baby food packaging market, also rise in the demand for eco-friendly packaging of the products and safety concerns among the users and rapid urbanization among others and are the major factors driving the growth of baby food packaging market. In addition, rise in the technological advancements and modernization in the production techniques and rise in the demand from emerging economies will further boost various opportunities that will lead to the growth of baby food packaging market in the forecast period mentioned above.

The global baby food packaging market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 6.12% during the forecast period (2022-2029).

Market Dynamics: Increasing disposable income & working population along with rise in awareness about the health benefits of baby food

The major factor which is pushing the global baby food market is increasing the working population, growing urbanization, rising disposable income, and changing lifestyles across the globe. In addition, increase spending rate on children's healthcare coupled with continuous product innovation and aggressive marketing by various baby food manufacturers is fueling the demand for baby foods over the forecast period. For instance, in 2021, according to trading economics, the disposable income in India has increased from USD 26957.1 million to USD322063 million. Furthermore, rise in awareness among consumers regarding the various health benefits of feeding multiple varieties of baby foods to infants and young babies is further fueling demand for baby foods across the globe. Thus, these factors are anticipated to propel the global baby food market over the forecast period.

However, rise in the concerns over eco-friendly products is the major factors which will restrain and challenge the growth of baby food packaging market in the forecast period mentioned above.

Market Segmentation: Rigid plastic stands for the highest share in global baby food packaging market

In 2021, the rigid plastic dominated the market and accounted for YY share of the global revenue. Increasing demand for flexible and safe packaging materials is attributing to the growth of this segment. Liquid cartoon, on the other hand, is anticipated to grow fastest owing to the ontinuous product innovation is a major factor driving this segment.

In 2021, the milk formula dominated the market and accounted for YY share of the global revenue. Increasing demand for milk-based products for babies is driving the growth of this segment. The dried products segment is anticipated to grow faster among all applications. Increasing demand for portable and durable baby foods in emerging countries is fueling the growth of the market.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of YY percent. The region has well-developed food industry. Increasing demand for packaged baby food in countries such as the United States and Canada is attributing to the growth of North America. Mexico, buoyed by increasing per capita income coupled with changing consumers’ lifestyles, is likely to contribute significantly to the growth of the market in the region

Asia Pacific is the fastest growing regional market with a revenue share of YY percent. Increasing demand for baby food products in emerging countries such as China, Bangladesh, and India is driving the growth of this region. Moreover, the presence of key players in China and Japan, and the use of advanced food processing technologies are anticipated to grow the market growth in the region.

Competitive Landscape

The global baby food packaging market is competitive and comprises players such as Ardagh Group, Amcor PLC, Mondi Group, Winpak Ltd, Sonoco Products Company, Bemis Company, Inc. ,Rexam PLC , RPC Group, Bericap India Pvt Ltd and Cascades, Inc. among others. The baby food packaging market competitiveness is estimated to increase over the forecast period as the key players and focus on various strategies such as strong online presence, collaborations, to get support from an influence, partnerships with local restaurants and others. . Moreover, growing demand for healthy nutritious as well as fortified baby food will propel the market growth in coming years.

For instance,
• In 2020, Nestle S.A. launched a first-of-its-kind, single-material pouch for its baby food products designed for the future of recycling. In the U.S., the new pouch will be available exclusively on TheGerberStore.com for Gerber’s Organic Banana Mango Puree which started in May 2020.

COVID-19 Impact Negative impact on global baby food packaging market

The baby food packaging market has been adversely affected owing to the COVID-19 outbreak. Owing to the closure of various retail stores selling baby foods, the demand for baby food packaging has also witnessed a significant decline. As infants and babies are more prone to virus infection, parents are refraining from purchasing outside food for them. In addition, the demand for home-cooked natural food has increased during the pandemic. Furthermore, the weak supply chain of packaging materials such as plastic, paperboard, and metal has further derailed the market progress. Despite the reopening of retail shops selling baby foods, the demand for the product is estimated to remain low over a couple of months. However, manufacturers are now focusing on creating awareness about their hygiene standards to attract more customers.

The global baby food packaging market report would provide an access to approximately 53 market data tables, 47 figures and 170 pages