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Food Packaging Films Market Trends

Report ID: GMI7521
Published Date: Nov 2023
Report Format: PDF

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Food Packaging Films Market Trends

Amid evolving consumer preferences and sustainability concerns, the food packaging films industry is witnessing several notable trends. There is a growing emphasis on eco-friendly and recyclable materials owing to the increased awareness of environmental issues. Innovative features in smart packaging, such as freshness indicators and temperature monitoring, are gaining traction. The demand for convenience-oriented packaging, such as resealable films and portion-controlled packaging, is on the rise. The industry is also witnessing advancements in active packaging technologies including antimicrobial films and modified atmosphere packaging, aimed at extending the shelf life of perishable goods.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for food packaging films was valued at USD over 50 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032, favored by the consumer demand for convenient, ready-to-eat food products that can be easily stored and transported.

The rigid packaging films segment dominated the market with a share of over 64% in 2022 and is estimated to reach over USD 63 million by 2032 as these films are preferred as a strong, protective barrier against damage and contamination for products such as beverages, cosmetics, and pharmaceuticals.

Asia Pacific food packaging films market held a revenue share of over 33% in 2022 and will continue to grow owing to the rapid economic growth that has led to increased urbanization and changing lifestyles in the region, boosting the demand for packaged and convenience foods.

Berry Global, Amcor Plc, Sealed Air Corporation, Mondi Group, Winpak Holdings Inc, Toppan Printing Co., Ltd., and Dupont Teijin Films among others.