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Food Packaging Market Trends

Report ID: GMI12443
Published Date: Nov 2024
Report Format: PDF

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Food Packaging Market Trends

The latest trend in the food packaging industry is the rapid adoption of smart and sustainable packaging solutions driven by consumer preferences and regulatory pressures. Companies are increasingly integrating digital features such as QR codes and NFC technology into packaging, creating interactive experiences that enhance consumer engagement while providing valuable data on preferences and purchasing behavior.

For instance, in October 2023, Appetite Creative, in collaboration with Tetra Pak, launched interactive smart packaging for Rauch’s winter-themed fruit juice range. The packaging, featuring a QR code, links to a web app offering personalized drink recommendations and festive cocktail recipes. This connected experience helps the brand gather consumer data to enhance engagement and loyalty.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for food packaging was valued at USD 458.6 billion in 2024 and is projected to reach USD 794.4 billion by 2034, driven by a CAGR of 5.6% from 2025 to 2034.

The plastic segment is expected to exceed USD 300 billion by 2034, driven by its versatility, cost-effectiveness, and wide-ranging applications.

North America held over 25% of the global market share in 2024, driven by innovations in packaging technology, increasing consumer demand for convenient food options, and sustainability initiatives.x

Major players in the industry include Amcor, Anchor Packaging, Ball Corporation, Berry Global Group, Clearwater Paper Corporation, Constantia Flexibles, Coveris Group, Crown Holdings, DS Smith, Eastern Pak Limited, ExxonMobil Chemical, Graphic Packaging International, International Paper Company, and Mondi.