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Plastic Packaging for Food and Beverage Market Size
The plastic packaging for food and beverage market was valued at USD 222.1 billion in 2024 and is estimated to grow at a CAGR of 4.7% from 2025 to 2034.
The plastic packaging for food and beverage industry is witnessing a growing shift toward sustainability, with companies focusing on reducing their environmental impact. As consumer awareness around plastic waste increases, brands are under pressure to adopt more eco-friendly packaging solutions. This has led to a rise in the use of alternative materials, lighter packaging designs, and innovations aimed at improving recyclability. One key trend emerging in this shift is the increased use of 100% recycled polyethylene terephthalate (rPET) plastic. rPET offers a sustainable solution by reducing the need for virgin plastic, lowering carbon footprints, and supporting a circular economy, making it a preferred material for environmentally conscious food and beverage companies.
In July 2023, Amcor Rigid Packaging (ARP) has partnered with Ron Rubin Winery to introduce BLUE BIN, a premium wine line packaged in 750mL bottles made entirely from 100% recycled polyethylene terephthalate (rPET). This innovative product is notable for being the first of its kind in the United States, emphasizing sustainability in wine packaging.
Who are the major players in the plastic packaging for food and beverage industry?
Major players in the industry include Amcor, Anchor Packaging, Berry Global, Coveris, DS Smith, Graham Packaging, Huhtamaki, Mondi, Novolex, Pactiv Evergreen, Plastek Group, Plastipak, ProAmpac, Sealed Air, Silgan, Sonoco, Transcontinental, UFlex, and Winpak.
How much is the North America plastic packaging for food and beverage market worth?
North America accounted for over 25% of the market share in 2024, driven by increasing consumer demand for sustainable packaging solutions and stringent regulatory pressures on single-use plastics.
What is the market share of bags & pouches in the plastic packaging for food and beverage industry?
Bags & pouches held over 30% of the market share in 2024, driven by their lightweight, cost-effective, and flexible packaging solutions that enhance product freshness and shelf life.
How big is the plastic packaging for food and beverage market?
The global market size for plastic packaging for food and beverage was valued at USD 222.1 billion in 2024 and is projected to reach USD 349.9 billion by 2034, driven by a CAGR of 4.7% during the forecast period, supported by the rising demand for convenience and ready-to-eat food packaging.