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Get a free sample of Plastic Packaging for Food and Beverage Market
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A prominent trend in the plastic packaging for food and beverage industry is the integration of smart packaging technologies. These innovations include embedded sensors and QR codes that provide consumers with real-time information about product freshness, origin, and sustainability. Smart packaging allows for better inventory management, improved traceability, and enhanced consumer engagement. This trend not only improves the user experience but also aligns with the increasing demand for transparency and convenience in food and beverage packaging. As companies embrace these technologies, they are able to offer more personalized and interactive packaging solutions while enhancing the overall value of their products.
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.
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.
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.
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.