Food Packaging Films Market Size Worth $86.50 Billion By 2030 | CAGR: 6.4%

The global food packaging films market size is expected to reach USD 86.50 billion by 2030, according to a new study by Polaris Market Research. The report “Food Packaging Films Market Share, Size, Trends, Industry Analysis Report, By Type (Flexible, Rigid); By Material (Polyamide, PE, PET, PP, Polyester, PVC, Others); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising packaged food innovations present a market with significant opportunities. Packaging is critical in conserving food quality and ensuring food safety throughout the shelf-life. Plastic packaging is extremely useful in developing innovative products. Plastic cling film is one of the most common plastic packaging types.

The market is being shaped by a shift forward into eco-friendly packaging and sophisticated innovations in cling film packaging. In February 2020, BASF and Fabbri Group created a sustainable option to cling film in fresh-food packaging: Fabbri Group manufactures the high transparency stretch film Nature Fresh using BASF's certificated compostable ecovio. Meat, fresh fish, fruits, and vegetables, can be covered manually or automatically.

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Active packaging is an adequate alternative for many applications in food because of its longer shelf life, which reduces food waste. Nanotechnology is a new technique that can decrease spoilage, enhance food shelf life, ensure food security, reduce food shortages, and improves customer health. The major players are focusing on launching active packaging-based advanced solutions for the food industry, boosting market growth over the forecast period.

For instance, in March 2020, Aptar Food + Beverage introduced the InvisiShield platform technology. This exclusive anti-pathogenic active packaging solution is fully integrated into enclosed packages to safeguard fresh fruits and vegetables from pathogens such as bacteria, microbes, and viruses. The innovation, which is simple to integrate into existing or brand-new produce packaging lines, reduces the growth of pathogens without adversely affecting the product.

In addition, Smart packaging, active labeling, nanostructured materials, edible/biodegradable wrapping, and various types of packaging design are all part of this advancement. These solutions aid in improving market availability, stock management, consumer awareness, shelf life, or even food product safety and quality.

Food Packaging Films Market Report Highlights

• Polyethylene segment is anticipated to witness significant growth over the forecast period. Polyethylene is among the key materials used in product packaging. The growing preference for various packaging polypropylene for film deposition is expected to accelerate the expansion of the global market in the coming years.
• Dairy products application segment accounted for a significant revenue share. Smaller households prefer daily use dairy products impacting market significantly. Furthermore, rising demand for dairy products like yogurt and ice cream is expected to support growth.
• North America is expected to grow substantially over the projected period. The United States is a major consumer of packaged foods, which will aid market growth. Because of the rapid growth in food outlets, packaging in the United States is gaining enormous traction. Increased consumer awareness of a healthier life has impacted them to switch to higher quality packaged foods, which will keep driving product demand.
• The global players include Amcor Plc, Berry Plastics Group, Inc., Coveris Group, DS Smith and Packaging, ExxonMobil Chemical Company, Stora Enso Inc., Tetra Oak International S.A., The Dow Chemical Company, and Wipak Walsrode GmbH & Co. KG

Polaris Market Research has segmented the food packaging films market report based on type, material, application, and region:

Food Packaging Films, Type Outlook (Revenue - USD Billion, 2018 - 2030)

• Flexible
• Rigid

Food Packaging Films, Material Outlook (Revenue - USD Billion, 2018 - 2030)

• Polyethylene
• Polypropylene
• Polyethylene Terephthalate
• Polyester
• Polyamide
• PVC
• Others

Food Packaging Films, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Fruits & Vegetables
• Bakery & Confectionery
• Medical and Pharmaceutical
• Consumer Products
• Industrial Packaging
• Meat, Poultry & Seafood
• Convenience Foods
• Dairy Products
• Others

Food Packaging Films, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa