Food Packaging Market Size

Food Packaging Market Size

The global food packaging market was valued at USD 458.6 billion in 2024 and is estimated to grow at a CAGR of 5.6% from 2025 to 2034. A major growth driver for the market is the rising consumer demand for convenience and on-the-go products.

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As busy lifestyles continue to shape consumer preferences, the demand for ready-to-eat meals, snacks, and single-serve packaging is growing. This trend is driving innovations in packaging solutions that offer portability, extended shelf life, and enhanced product protection, all while maintaining food quality and freshness. Additionally, the shift towards sustainable and eco-friendly packaging options is further fueling market expansion as consumers increasingly prioritize environmentally conscious packaging choices.
 

For instance, in July 2023, iD Fresh Foods launched the iD Squeeze & Fry Vada Batter 2.0 in India, offering a convenient packaging format that allows consumers to customize and personalize their batter. This innovation caters to the growing demand for convenience among busy consumers, with 81% of Indian consumers prioritizing convenience in their purchases.