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Food Packaging Films Market Size - By Type (Flexible Packaging Films, Rigid Packaging Films), By Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Nylon, Polyvinyl chloride), By Applications & Forecast, 2023 - 2032


Published on: 2024-07-25 | No of Pages : 240 | Industry : Packaging

Publisher : MIR | Format : PDF&Excel

Food Packaging Films Market Size - By Type (Flexible Packaging Films, Rigid Packaging Films), By Material (Polyethylene, Polypropylene, Polyethylene Terephthalate, Nylon, Polyvinyl chloride), By Applications & Forecast, 2023 - 2032

Food Packaging Films Market Size

Food Packaging Films Market was valued at USD 50 billion in 2022 and is estimated to register a CAGR of over 6% between 2023 and 2032.

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Consumers are increasingly demanding convenient, ready-to-eat food products that can be easily stored and transported. This trend is fueling the demand for flexible packaging solutions, such as pouches, sachets, and stand-up pouches, which utilize food packaging films extensively. For instance, in June 2022, Novolex launched RollStar EZ Open Produce Bags. These reusable grocery bags are easy to open owing to a proprietary recipe. The bags are available in various dimensions and gauges such as compostable variants certified by the Biodegradable Products Institute (BPI). Food safety and preservation are paramount concerns for both consumers and food manufacturers. Food packaging films are crucial in maintaining product quality, extending shelf life, and preventing spoilage and contamination. Technological advancements in food packaging films are leading to the development of products with enhanced barrier and antimicrobial properties, further contributing to market growth.

Food Packaging Films Market Report Attributes
Report Attribute Details
Base Year 2022
Food Packaging Films Market Size in 2022 USD 50 Billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 6%
2032 Value Projection USD 90 Billion
Historical Data for 2018 to 2022
No. of Pages 300
Tables, Charts & Figures 278
Segments covered Type, material, application, & region
Growth Drivers
  • Rising demand for convenience packaging
  • Growing emphasis on food safety and preservation
  • Evolving consumer preferences and sustainability
  • Expanding E-commerce and online grocery shopping
  • Increasing demand for personalized and value-added packaging
Pitfalls & Challenges
  • Fluctuations in raw material prices
  • Stringent regulations and environmental concerns

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Certain technological limitations can hinder the development and adoption of advanced food packaging films. For instance, producing high-barrier films that are also lightweight and flexible can be challenging, and incorporating active packaging features into films can add complexity and cost to the manufacturing process. Another restraint is the significant cost of producing food packaging films, which can hamper smaller manufacturers or niche applications. High production costs can limit the adoption of advanced packaging solutions or restrict the availability of certain films in specific markets.

COVID-19 Impact

The COVID-19 pandemic significantly influenced the food packaging films industry, introducing both challenges and opportunities. The heightened awareness of hygiene and safety during the pandemic led to an increased demand for packaged food products, boosting the consumption of food packaging films. However, disrupted supply chains, labor shortages, and increased costs of raw materials posed hurdles for manufacturers. Changes in consumer behavior, such as a rise in online shopping for groceries, have prompted the need for innovative & sustainable packaging solutions to meet the evolving market demands in the post-pandemic landscape.

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.

Food Packaging Films Market Analysis

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Based on the type, the market is divided into flexible packaging films and rigid packaging films. 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 in revenue by 2032. Rigid packaging films are preferred as a strong, protective barrier against damage and contamination is required for products such as beverages, cosmetics, and pharmaceuticals. Flexible packaging films, on the other hand, are more suitable for lightweight, flexible products, such as snacks, confectionery, and baked goods, which require lesser protection. Rigid packaging films offer better barrier properties and protection against moisture, oxygen, and light, contributing to a longer shelf life for products compared to flexible packaging films. This makes rigid packaging films more suitable for products such as canned goods, bottled beverages, and dry food products.

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Based on the application, the market is divided into fresh produce packaging, meat, poultry, and seafood packaging, snack & confectionery packaging, beverage packaging films, dairy products packaging, and others. The meat, poultry, and seafood packaging segment dominated the global market with a share of over 32% in 2022 and is estimated to reach over USD 35 million in revenue by 2032. The segment has experienced dynamic changes driven by consumer preferences, regulatory requirements, and industry innovations. Increased awareness of environmental concerns has led to a rising demand for sustainable and eco-friendly packaging solutions. Manufacturers are exploring bio-based and biodegradable films to address these concerns. Packaging films with advanced features, such as Modified Atmosphere Packaging (MAP) and vacuum packaging, are being increasingly utilized to extend the shelf life of meat, poultry, and seafood products, thereby ensuring freshness, and reducing food waste.

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Asia Pacific dominated the global food packaging films market with a share of over 33% in 2022. The rapid economic growth, particularly in China, India, and other Southeast Asian countries, has led to increased urbanization and changing lifestyles in the region. This, in turn, has influenced the demand for packaged and convenience foods, propelling the market for food packaging films. The large and growing population, combined with increasing urbanization, has fueled the demand for packaged food products, raising the consumption of food packaging films. The surge in e-commerce activities, especially in densely populated countries including China and India, has contributed to the demand for efficient & durable packaging materials including food packaging films for the transportation of food products. Regulatory measures related to food safety and packaging standards vary across countries in the region. Adherence to these regulations is a key factor influencing the choices made by manufacturers in the food packaging films industry.

Food Packaging Films Market Share

Amcor is a key player in the food packaging films sector, offering an extensive portfolio of flexible packaging solutions designed to meet the unique needs of the food and beverage industry. The company specializes in producing high-quality, functional, and innovative films that cater to the demands of preserving food freshness, extending shelf life, and ensuring product safety. Amcor's food packaging films include materials that provide barrier properties against moisture, oxygen, and other external factors, contributing to the protection and preservation of packaged food products. The other major players operating in the food packaging films industry include

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

Food Packaging Films Industry News

  • In July 2021, Berry Global collaborated with Poly-Ag Recycling and Clean Farms to launch a Canada-based recycling initiative to recover used agriculture films, process recovered grain bag material, and produce new products with recycled content.

The food packaging films market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD million) from 2018 to 2032 for the following segments

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Market, By Type

 

  • Flexible packaging films
  • Rigid packaging films

Market, By Material

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polyethylene Terephthalate (PET)
  • Nylon
  • Polyvinyl chloride (PVC)
  • Others

Market, By Applications

  • Fresh produce packaging
  • Meat, poultry, and seafood packaging
  • Snack & confectionery packaging
  • Beverage packaging films
  • Dairy products packaging
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ANZ
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America  
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA

 

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