Home Press Releases Food Packaging Films Market Size Growth Analysis By Revenue, Share, Latest Trends & Forecast

Food Packaging Films Market Size Growth Analysis By Revenue, Share, Latest Trends & Forecast

by Press Room

(EMAILWIRE.COM, March 24, 2023 ) The report “Food Packaging Films Market by Type (Flexible, Rigid), Material (Polyethylene, Polypropylene, Polyethylene Terephthalate), Application (Meat, Poultry & Seafood, Convenience Food, Bakery & Confectionary) and Region – Global Forecast to 2027″, size was USD 49.8 billion in 2021 and is projected to reach USD 72.3 billion by 2027, at a CAGR of 6.4%. The growth of the food packaging films market is estimated to be driven by the growing demand for convenience food items and innovative packaging solutions that ensure extended shelf life of food items.

Meat products are the largest application of food packaging films. Increasing health concerns and the rising awareness regarding the nutritional values of meat products are boosting the demand for food packaging in this segment. Food packaging prevents contamination caused by bacteria, pathogens, and other microorganisms. The increasing awareness about airborne diseases has also augmented the demand for safely packaged food items.

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Growing demand for convenience food items

Convenience food is the fastest-growing segment in the food packaging films market due to changing food consumption patterns, and increasing urbanization. Flexible films with a high resistance to oil, vinegar, and spices were needed for convenience food and ready-to-eat meal packaging to avoid seal layer damage or delamination. To preserve food quality and ensure packaging integrity, it is essential to choose the right packaging materials. In the convenience food industry, flow wrap, and form-fill-seal (FFS) films are commonly utilized. Convenience meals are increasingly using pre-made pouches or doypacks as a product distinction.

High demand for polyethylene food packaging films due to favorable properties

The polyethylene (PE) segment is the largest in terms of volume as the material provides resistance to chemicals and moisture and is lightweight. This is because polyethylene offers innovative product solutions that have broad applicability, such as in the packaging of various fruits, vegetables, meat, and seafood.

North America to be the second-largest food packaging films market during the forecast period.

North America was the second-largest food packaging films market in 2021. Globally, the North American market has been a leader with respect to product innovation in terms of quality and application development. The US and Canada are the most developed countries in North America, followed by Mexico. Growth in the food packaging films market will be driven by factors such as rising demand for single portion packs or small packs, high disposable income levels, growing demand for convenience food, improving economic situation, and increasing consumption of packed food. The companies offering packaging films for the food industry include Charter NEX Films (US), and Sealed Air Corporation (US). Consistent growth is expected for food packaging films with the fastest gains in packaging for frozen foods and confectionery, weight saving pouches for beverages, and packages designed to extend the shelf life of products. An increase in the export activity of food products is expected to fuel the growth of the market in North America during the forecast period.

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Browse in-depth TOC on “Food Packaging Films Market”

128 – Market Data Tables

53 – Figures

182 – Pages

Major players operating in the food packaging films market include Amcor plc (Australia), Berry Global (US), Coveris (Austria), DS Smith (UK), Sealed Air Corporation (US), Graphic Packaging Holding Company (US), Charter Next Generation (US), Mondi Group (UK), DuPont Teijin Films (Japan), and WestRock (US).

Amcor PLC is one of the world’s leading packaging solutions providers. It primarily produces corrugated boxes, flexible plastic packaging, multi-wall sacks, and aluminum & steel cans. The company’s products are used in a variety of sectors, including food, beverage, healthcare, personal care, pet care, homecare, and other technological applications. The company has operations in North America, Western Europe, Asia-Pacific, and Oceania.

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