About Plastic Food and Beverage Packaging
The growing packaged food and beverage industry owing to changing lifestyle and increasing penetration of organized retail is principally expanding the product application scope. From airtight wraps to shelf-stable bottles and containers, plastic packaging plays a key role in delivering a safe food supply from farm to table and is a material of choice for freezing foods for longer-term storage. Many major types of plastic resins used in packaging are recyclable. Most frequently, community recycling programs collect plastic bottles made from PET and HDPE, but many communities are expanding their programs to collect additional types of plastics. Although most communities instruct residents to recycle by the shape of an item (e.g., bottles, containers, caps, lids), some communities also refer to the resin identification code.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Plastic Food and Beverage Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sealed Air Corporation (United States), Amcor (Australia), Berry Global Inc. (United States), Mondi (South Africa), Sonoco (United States), Huhtamaki (Finland), Coveris (Austria), Transcontinental Inc. (Canada) and Clondalkin Group (The Netherlands) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Plastic Food and Beverage Packaging market by Type (Flexible Packaging and Rigid Packaging), Application (Meat, Vegetables and Fruits, Deli and Dry Product and Other) and Region.
On the basis of geography, the market of Plastic Food and Beverage Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Material Type, the sub-segment i.e. Polypropylene will boost the Plastic Food and Beverage Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Bottles will boost the Plastic Food and Beverage Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Plastic Food and Beverage Packaging Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rapid growing demand for convenient packaging from various industries such as food and beverages and personal care
- Urbanization, cost efficiency, and product safety
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Influencing Trends | - Growing consumer awareness related to eco-friendly packaging
- The growth in food & beverages and healthcare industries globally
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Restraints | - Awareness campaigns for minimizing the usage of plastic
- The non-recyclable nature of plastics restricts its usage
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Road Blocks / Challenges | - Strengthening of government regulations related to packaging
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Gaps & Opportunities | - Sustainable and new flexible plastics packaging solutions
- A better substitute for traditional packaging materials
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Market Leaders and their expansionary development strategies
In June 2019, CCC Packaging announced the acquisition of a U.S. packaging solutions provider, Tri-State Distribution. The acquisition will help the company to build strong its pharmaceutical packaging segment by merging the products of the acquired company into its own portfolio.
In the United States, the Food and Drug Administration regulates the safety of food-contact packaging, including plastics used in contact with food. Many plastics, such as polystyrene and polyethylene, have been used in food packaging for decades. All food-contact packaging materials must pass FDA’s stringent approval process the agency must find them safe for use in a specific packaging application before they can be put on the market.
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.