Food Wrap Market Size, Share & Trends Analysis Report By Material (Plastic, Aluminum Foil, Paper), By Application (Food Service, Online, Institutional), By Region, And Segment Forecasts, 2024 - 2030

Food Wrap Market Size, Share & Trends Analysis Report By Material (Plastic, Aluminum Foil, Paper), By Application (Food Service, Online, Institutional), By Region, And Segment Forecasts, 2024 - 2030

Food Wrap Market Size & Trends

The global food wrap market size was estimated at USD 5.15 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. The food wrap market is driven by rising consumer demand for convenience, sustainability, and food safety. Besides, increased awareness of eco-friendly packaging, growing online food delivery market, and advancements in materials that extend shelf life are also contributing to the food wrap market growth.

Additionally, the rising trend of on-the-go food consumption is significantly driving the demand for food trucks, which are becoming increasingly popular as they offer convenience, variety, and affordability. As more consumers seek quick, portable meals, food trucks are thriving in urban areas, festivals, and events. This surge in food truck activity directly boosts the demand for food wrap, which is essential for ensuring freshness, portability, and easy handling of various food items. Food wraps, made from materials like paper, aluminum foil, and plastic, are crucial in maintaining the quality of food during transit and are often customized to enhance branding for food truck businesses. As food trucks continue to grow in popularity, the need for effective and sustainable food wrap packaging is also on the rise, driving innovation and expansion within the packaging industry.

Moreover, the rise of online food delivery services has significantly transformed the food industry, creating a ripple effect on related sectors, including food packaging. As consumers increasingly opt for the convenience of ordering meals through platforms such as Uber Eats, DoorDash, and Grubhub, restaurants, and cloud kitchens are adapting to meet this demand. This shift has driven a surge in the need for efficient, reliable, and sustainable food wrap packaging solutions.

Furthermore, the growing awareness of environmental issues, which has led to a surge in demand for sustainable and eco-friendly packaging options, positively influencing the food wrap market. Therefore, this trend has pushed manufacturers to develop biodegradable and compostable food wraps made from materials such as plant-based plastics, beeswax, or cellulose. For instance, companies such as Abeego and Bee’s Wrap LLC offer reusable food wraps made from organic cotton and beeswax as an alternative to single-use plastic wrap.

Global Food Wrap Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the food wrap market report based on material, application, and region:

• Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Plastic
• Aluminum Foil
• Paper
• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Food Service
• Full Service
• Quick Service
• Others
• Online
• Institutional
• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Please note The report will be delivered in 2-3 business days upon order notification.