PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665370
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665370
Plastic Packaging for Food and Beverage Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 - 2034
The Global Plastic Packaging For Food And Beverage Market was valued at USD 222.1 billion in 2024 and is anticipated to grow at a robust CAGR of 4.7% during the forecast period from 2025 to 2034. This growth is driven by an escalating demand for sustainable and innovative packaging solutions as companies adapt to rising environmental concerns and shifting consumer preferences. Increasing awareness of plastic waste has prompted businesses to prioritize eco-friendly alternatives, lightweight designs, and enhanced recyclability, aiming to reduce their environmental impact.
Segmented by product type, the market encompasses bags and pouches, trays and clamshells, bottles and jars, films and laminates, and others. Bags and pouches led the market in 2024, holding a significant 30% share. Their popularity can be attributed to their lightweight, flexible, and cost-effective design, which is ideal for preserving freshness and extending product shelf life. These packaging solutions are also convenient for transportation and storage, solidifying their appeal across the industry.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $222.1 Billion |
| Forecast Value | $349.9 Billion |
| CAGR | 4.7% |
By end-use, the market is divided into food and beverage packaging. The food packaging segment is poised to experience a CAGR of 5%, with projections to reach USD 215 billion by 2034. Increasing consumer demand for convenience, safety, and sustainable options is driving this growth. Flexible packaging formats, such as pouches and trays, are gaining traction due to their ability to maintain freshness, minimize food waste, and prolong shelf life. Innovations catering to ready-to-eat and on-the-go meal solutions are also enhancing convenience for fast-paced, modern lifestyles.
North America held a 25% share of the plastic packaging for food and beverage market in 2024, with sustainability emerging as a critical focus. Regulatory frameworks and consumer expectations are pushing companies toward the adoption of recyclable, biodegradable, and compostable materials. Investments in lightweight packaging and advanced designs are helping manufacturers meet stricter environmental standards while reducing waste. This shift reflects the growing emphasis on balancing environmental responsibility with functional and cost-efficient packaging solutions.
Advancements in material technologies and efforts to address environmental challenges are further propelling the industry. With rising demand for convenience, extended shelf life, and sustainable solutions, flexible and eco-friendly packaging is becoming a cornerstone of the market. These factors are positioning the industry for steady expansion and long-term growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Disruptions
- 3.1.3 Future outlook
- 3.1.4 Manufacturers
- 3.1.5 Distributors
- 3.2 Profit margin analysis
- 3.3 Key news & initiatives
- 3.4 Regulatory landscape
- 3.5 Impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Increased demand for convenience and ready-to-eat food packaging
- 3.5.1.2 Consumer preference for sustainable packaging
- 3.5.1.3 Growing adoption of plastic packaging for enhanced product freshness and shelf life
- 3.5.1.4 Expansion of online food and beverage delivery services
- 3.5.1.5 Increased demand for portion-controlled and single-serve plastic packaging formats
- 3.5.2 Industry pitfalls & challenges
- 3.5.2.1 Environmental concerns over plastic waste and pollution
- 3.5.2.2 Increasing regulatory pressures on single-use plastic packaging
- 3.5.1 Growth drivers
- 3.6 Growth potential analysis
- 3.7 Porter’s analysis
- 3.8 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Material, 2021-2034 (USD Billion & Kilo Tons)
- 5.1 Key trends
- 5.2 Polyethylene (PE)
- 5.3 Polyethylene Terephthalate (PET)
- 5.4 Polypropylene (PP)
- 5.5 Polystyrene (PS)
- 5.6 Polyvinyl Chloride (PVC)
- 5.7 Bioplastics
Chapter 6 Market Estimates & Forecast, By Product Type, 2021-2034 (USD Billion & Kilo Tons)
- 6.1 Key trends
- 6.2 Bags & pouches
- 6.3 Trays and clamshells
- 6.4 Bottles and jars
- 6.5 Films & laminates
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Functionality, 2021-2034 (USD Billion & Kilo Tons)
- 7.1 Key trends
- 7.2 Primary packaging
- 7.3 Secondary packaging
- 7.4 Tertiary packaging
Chapter 8 Market Estimates & Forecast, By Usability, 2021-2034 (USD Billion & Kilo Tons)
- 8.1 Key trends
- 8.2 Single-use plastic
- 8.3 Recycled plastic
- 8.4 Reusable plastic
- 8.5 Compostable/biodegradable plastic
Chapter 9 Market Estimates & Forecast, By End Use, 2021-2034 (USD Billion & Kilo Tons)
- 9.1 Key trends
- 9.2 Food packaging
- 9.2.1 bakery & confectionery
- 9.2.2 dairy products
- 9.2.3 fresh products
- 9.2.4 frozen & chilled foods
- 9.2.5 meat, poultry, and seafood
- 9.2.6 Others
- 9.3 Beverage packaging
- 9.3.1 Non alcoholic beverages
- 9.3.2 Alcoholic beverages
Chapter 10 Market Estimates & Forecast, By Region, 2021-2034 (USD Billion & Kilo Tons)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
Chapter 11 Company Profiles
- 11.1 Amcor
- 11.2 Anchor Packaging
- 11.3 Berry Global
- 11.4 Coveris
- 11.5 DS Smith
- 11.6 Graham Packaging
- 11.7 Huhtamaki
- 11.8 Mondi
- 11.9 Novolex
- 11.10 Pactiv Evergreen
- 11.11 Plastek Group
- 11.12 Plastipak
- 11.13 ProAmpac
- 11.14 Sealed Air
- 11.15 Silgan
- 11.16 Sonoco
- 11.17 Transcontinental
- 11.18 UFlex
- 11.19 Winpak
