Food Packaging Growth Opportunities

Food Packaging Growth Opportunities


Increasing Food & Beverage Consumption Drives Future Growth Potential in Developing Economies

Packaging is vital to the food and beverages (F&B) industry as it protects products from external contamination and environmental factors, such as temperature changes and humidity. Packaging also enhances the shelf life of food products while supplementing the logistics and storage operations. On the consumer end, packaging plays a critical role in product marketing. The right type of eye-catching packaging with optimum labeling can influence the customer’s buying decision. Overall, the food packaging market holds growth opportunities for raw material suppliers, converters/packaging manufacturers, recycling companies, and downstream food and beverage processors.

Frost & Sullivan expects the global food packaging market to grow in tandem with the F&B industry. As food consumption rises with an expanding population, shifting demographics, changing consumer lifestyles, and increasing disposable income, demand for food products and subsequently food packaging increases. The popularity of pre?cut, pre?portioned, smaller, and ready?to?consume food products reflects the importance of convenience for today’s consumers. Hence, the demand for packaging per food unit is set to increase. Focus on enhancing shelf life also boosts demand for food packaging.

Accounting for a significant proportion of the market, plastics are largely preferred in different F&B packaging applications. The lightweighting trend prevalent throughout the packaging industry is contributing to growth in the plastics segment. Further, plastics are one of the most cost-effective packaging materials and will retain dominance throughout the forecast period (2023 to 2029). Products such as flexible films, bottles, jars, and caps and closures are well-established in their respective applications and will witness steady growth throughout the forecast period. From an applications standpoint, packaging is used more so in food packaging than in beverages and pet food applications.

The food packaging market is highly fragmented, populated by both global players and several regional and local manufacturers that focus on specific product areas. Manufacturers fundamentally compete based on price and material quality. The significantly high population in areas of Asia-Pacific augments regional demand for food packaging. Further, developed regions such as North America and Europe are more focused on sustainability by implementing recycling targets and similar regulations. Hence, these regions will likely witness steady growth while rapidly replacing conventional packaging solutions with recycled/recyclable counterparts.

This study analyzes the status of and prospects for different types of F&B packaging products, including plastics; paper and paperboard; glass, metals and alloys; and multi-materials. It covers primary and secondary packaging because of their consumer focus but not tertiary packaging, which serves a logistical purpose. The research considers this market’s shipment volumes and revenue from 2019 to 2029 and records manufacturer-level revenues and prices.


  • Strategic Imperatives
    • Why is it Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Food Packaging Industry
    • Growth Opportunities Fuel the Growth Pipeline Engine
  • Growth Opportunity Analysis
    • Scope of Analysis
    • Segmentation
    • Market Overview
    • Geographic Scope
    • Key Competitors
    • Growth Metrics
    • Value Chain
    • Value Chain Analysis
    • F&B Packaging-Wine
    • F&B Packaging-Milk
    • F&B Packaging-Cooking Oil
    • F&B Packaging-Fresh Produce
    • F&B Packaging-Water
    • Growth Drivers
    • Growth Driver Analysis
    • Growth Restraints
    • Growth Restraints Analysis
    • Forecast Assumptions
    • Graphic Summary of Drivers and Restraints in the Food Packaging Market
    • Revenue and Volume Forecast
    • Revenue and Volume Forecast Analysis
    • Revenue Forecast by Material
      • Table Food Packaging Market: Revenue Forecast by Material, Global, 2019-2029
    • Volume Forecast by Material
      • Table Food Packaging Market: Volume Forecast by Material, Global, 2019-2029
    • Revenue and Volume Forecast Analysis by Material
    • Pricing Trends and Forecast
    • Pricing Trends and Forecast by Material
    • Pricing Trends and Forecast Analysis
    • Revenue Forecast by Application
      • Table Food Packaging Market: Revenue Forecast by Application, Global, 2019-2029
    • Volume Forecast by Application
      • Table Food Packaging Market: Volume Forecast by Application, Global, 2019-2029
    • Revenue and Volume Forecast Analysis by Application
    • Revenue Forecast by Region
      • Table Food Packaging Market: Revenue Forecast by Region, Global, 2019-2029
    • Volume Forecast by Region
      • Table Food Packaging Market: Volume Forecast by Region, Global, 2019-2029
    • Revenue and Volume Forecast Analysis by Region
    • Competitive Environment
    • Revenue Share
    • Revenue Share Analysis
  • Growth Opportunity Analysis: Plastics
    • Segment Characteristics and Overview
    • Growth Metrics
    • Revenue and Volume Forecast
    • Revenue Forecast by Application
      • Table Plastics: Revenue Forecast by Application, Global, 2019-2029
    • Volume Forecast by Application
      • Table Plastics: Volume Forecast by Application, Global, 2019-2029
    • Forecast Analysis
    • Revenue Forecast by Product
      • Table Plastics: Revenue Forecast by Product, Global, 2019-2029
    • Volume Forecast by Product
      • Table Plastics: Volume Forecast by Product, Global, 2019-2029
    • Forecast Analysis by Product-Films
    • Forecast Analysis by Product-Bottles
    • Forecast Analysis by Product-Plastic Caps and Closures
    • Forecast Analysis by Product-Trays, Jars, and Other Plastic Containers
    • Revenue Forecast by Region
      • Table Plastics: Revenue Forecast by Region, Global, 2019-2029
    • Volume Forecast by Region
      • Table Plastics: Volume Forecast by Region, Global, 2019-2029
    • Forecast Analysis by Region
  • Growth Opportunity Analysis: Paper Paperboard
    • Segment Characteristics and Overview
    • Growth Metrics
    • Revenue and Volume Forecast
    • Revenue Forecast by Application
      • Table Paper & Paperboard: Revenue Forecast by Application, Global, 2019-2029
    • Volume Forecast by Application
      • Table Paper & Paperboard: Volume Forecast by Application, Global, 2019-2029
    • Forecast Analysis
    • Forecast Analysis by Product
    • Revenue Forecast by Region
      • Table Paper & Paperboard: Revenue Forecast by Region, Global, 2019-2029
    • Volume Forecast by Region
      • Table Paper & Paperboard: Volume Forecast by Region, Global, 2019-2029
    • Forecast Analysis by Region
  • Growth Opportunity Analysis: Glass
    • Segment Characteristics and Overview
    • Growth Metrics
    • Revenue and Volume Forecast
    • Revenue Forecast by Application
    • Volume Forecast by Application
    • Forecast Analysis
    • Revenue Forecast by Product
    • Volume Forecast by Product
    • Forecast Analysis by Product
    • Revenue Forecast by Region
      • Table Glass: Revenue Forecast by Region, Global, 2019-2029
    • Volume Forecast by Region
      • Table Glass: Volume Forecast by Region, Global, 2019-2029
    • Forecast Analysis by Region
  • Growth Opportunity Analysis: Metals & Alloys
    • Segment Characteristics and Overview
    • Growth Metrics
    • Revenue and Volume Forecast
    • Revenue Forecast by Application
      • Table Metals & Alloys: Revenue Forecast by Application, Global, 2019-2029
    • Volume Forecast by Application
      • Table Metals & Alloys: Volume Forecast by Application, Global, 2019-2029
    • Forecast Analysis
    • Revenue Forecast by Product
      • Table Metals & Alloys: Revenue Forecast by Product, Global, 2019-2029
    • Volume Forecast by Product
      • Table Metals & Alloys: Volume Forecast by Product, Global, 2019-2029
    • Forecast Analysis by Product
    • Revenue Forecast by Region
      • Table Metals & Alloys: Revenue Forecast by Region, Global, 2019-2029
    • Volume Forecast by Region
      • Table Metals & Alloys: Volume Forecast by Region, Global, 2019-2029
    • Forecast Analysis by Region
  • Growth Opportunity Analysis: Multi-material
    • Segment Characteristics and Overview
    • Growth Metrics
    • Revenue and Volume Forecast
    • Revenue Forecast by Application
      • Table Multi-material: Revenue Forecast by Application, Global, 2019-2029
    • Volume Forecast by Application
      • Table Multi-material: Volume Forecast by Application, Global, 2019-2029
    • Forecast Analysis
    • Revenue Forecast by Region
      • Table Multi-material: Revenue Forecast by Region, Global, 2019-2029
    • Volume Forecast by Region
      • Table Multi-material: Volume Forecast by Region, Global, 2019-2029
    • Forecast Analysis by Region
  • Growth Opportunity Universe
    • Growth Opportunity 1: Increasing Bioplastics Adoption
    • Growth Opportunity 2: Tapping Growth in Southeast Asia (SEA)
    • Growth Opportunity 3: Using Online Platforms to Improve Packaging Waste Collection
    • Growth Opportunity 4: Enhancing Recycling Infrastructure
    • Growth Opportunity 5: Electrifying the Glass Production Process
  • Next Steps
    • Your Next Steps
    • Why Frost, Why Now?

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