Global Food Packaging Films Market

Food Packaging Films Market size reached USD 53.2 billion in 2023 and is estimated to reach USD 85.4 billion in 2031 and the market is estimated to grow at a CAGR of 6.1% from 2024-2031.

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Major Food Packaging Films Market Drivers

The global food packaging films market is estimated to grow due to a rise in demand for oriented films, a growing prevalence of ready-to-eat products, an increase in disposable income, and an increase in awareness of sustainable packaging films. The growing demand for packaged and processed food influences the food packaging film demand from the manufactured food sector. The global food packaging film market has risen due to an increase in the number of working professionals who chose ready-to-eat food products because of current fast moving lifestyle, busy schedules, increasing number of women joining workforce coupled with growing disposable income. This trend is driving flexible packaging solutions requirements including sachets, stand-up pouches, and pouches, utilizing food packaging films. For instance, in 2022, Novolex launched the RollStar EZ Open Produce Bags, featured as ecological grocery bags designed for easy opening because of a patented recipe. These bags come in different measurements, including compostable variants accredited by the Biodegradable Products Institute. Both customers and food manufacturers prioritize food safety and preservation, making these considerations paramount in the design and usage of such packaging solutions. Food packaging films preserve the quality of the product, prolonging shelf life, and safeguarding spoilage and contamination. Continuous technological advancement in food packaging films are resulting in products with antimicrobial properties, thereby contributing significantly to market growth. 

The increasing biaxially oriented film demand has prompted different packaging film producers to shift their manufacturing focus and spend in biaxially oriented film packaging. These films are widened in both machine direction and transverse direction, offering improved mechanical, optical, and hurdle properties, thus driving the growth of the food packaging films market. These films find applications in both the non-food and food industries. These films are introduced from different materials including polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, polyamide, and others influencing the global food packaging films market growth. 

Meanwhile, the food packaging film cost is closely tied to the prices of raw materials, specifically the polymers resulting from petroleum used in their manufacturing. Fluctuations in crude oil prices and the increasing need for polymers in different applications project challenges to market growth. The unstable nature of raw material prices and their restricted availability is predicted as a significant limitation to the growth of the food packaging film market. Raw material prices are influenced by trading costs, tariffs, logistics, and labor costs, resulting in fluctuations in polymer prices, and impacting the global food packaging film market size. 

Also, manufacturers are adopting strategies such as reducing, and utilizing fewer materials and raw materials, to decrease packaging weight and size. While this approach addresses concerns about waste generation, it presents a challenge to the growth of the packaging market. The Department of Environmental Conservation of New York City, under its packaging deduction guidelines, suggests the utilization of shrink wrap or poly wrap instead of box packaging to decrease size and bag packaging. Producers are adopting smaller and lightweight packaging films with less materials, anticipating challenges to the growth of the market. 

Whereas, food packaging film manufacturers globally are addressing the challenge of increasing environmental pollution by encouraging eco-friendly alternatives. The aim is to motivate end-users to select environmentally sustainable food packaging films, aligning with the wider objective of decreasing environmental impact. Due to these concerns, packaging companies are moving towards the development of eco-friendly food packaging films to encourage environmental sustainability. Green packaging products are introduced to observe the principles of the three R’s of environmentally friendly packaging: renew, reuse, and recycle. The introduction of eco-friendly food packaging films, including forest wood, palm leaf, recycled paper, bioplastics, and several others is predicted to offer profitable growth opportunities for the market in the forecast period. 

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By application, meat products segment registered the largest market size globally 

The meat products segment growth attributed to growing awareness of nutritional awareness and growing health concerns relating to meat products are fostering the demand for food packaging in this segment. Food packaging saves food against stains and contamination from pathogens, bacteria, and many other microorganisms. The growing awareness concerned with airborne diseases has further increased the demand for tightly packaged food items to reinforce customer safety. 

By material, the polypropylene segment is projected to be the fastest growing in the global market

In terms of both volume and value, the polypropylene segment is anticipated to be the fastest-growing segment because this material is durable to changes in humidity, showing moderate absorptivity to gases and odors while offering a barrier to water vapor. The favorable properties of polypropylene make it access to introduce a different range of food and beverage packaging solutions such as margarine tubs, yogurt containers, and salad dressing bottles. Its lightweight nature and effectiveness of storage space make it accessible to transport. 

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By region, Asia Pacific is estimated to exhibit the largest CAGR in the global food packaging films market

Asia Pacific region market growth attributed to rapid economic growth, principally in developing countries including India, China, and others, has resulted in increased industrialization and urbanization and shift in lifestyles across the APAC region. Packaged and convenience foods have been driven by these factors, thereby propelling the market for food packaging films. The sizable and rising population, along with increasing urbanization, has increased demand for packaged food products, leading to a maximum consumption of food packaging films. The rise in e-commerce activities, specifically in densely populated nations including India and China, increased the demand for effective and durable packaging materials. This includes the increased requirement for food packaging films due to the secure transportation of food products in the e-commerce sector. Regulatory measures concerning food safety and packaging standards differ in countries around the APAC region. Adhering to these regulations is propelling the decisions made by producers in the food packaging film industry. 

Top Market Players

Various notable players operating in the market include Amcor plc, Berry Global, Coveris, DS Smith, Sealed Air Corporation, Graphic Packaging Holding Company, Charter Next Generation, Mondi Group, DuPont Teijin Films, WestRock among others.

Key Developments

• • In 2022, Berry Global joined hands with Poly-Ag Recycling and Clean Farms to introduce an initiative of Canada-based recycling to process recovered grain bag material, recover the utilized agricultural films, and new product development with recycled content.
  • In 2022, Mondi announced an agreement with Henkel to help clients wash utensils through the enhancement of an overall new reuse packaging solution.
  • In 2021, Amcor partnered with TIPA to launch compostable packaging to the market across New Zealand, and Australia.
  • In 2021, Sika announced an acquisition of Bexel International S.A. de C.V., to reinforce its position in the market.

Segments covered in the Report:

The Global Food Packaging Films Market has been segmented on the basis of Type, Material and Application. Based on the Type, the market is segmented into Flexible Packaging Films, Rigid Packaging Films. Based on the Material, the market is segmented into Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyamide. Based on the Application, the market is segmented into Fruits & Vegetables, Bakery & Confectionery, Meat, Poultry & Seafood, Convenience Foods, Dairy Products.

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Report Coverage	Details
Market Revenues (2023)	USD 53.2 billion
Market Base Year	2023
Market Forecast Period	2024-2031
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Type, By Material, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Amcor plc, Berry Global, Coveris, DS Smith, Sealed Air Corporation, Graphic Packaging Holding Company, Charter Next Generation, Mondi Group, DuPont Teijin Films, WestRock among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Food Packaging Films Market by Type

• • Flexible Packaging Films
  • Rigid Packaging Films

Global Food Packaging Films Market by Material

• • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyamide

Global Food Packaging Films Market by Application

• • Fruits & Vegetables
  • Bakery & Confectionery
  • Meat, Poultry & Seafood
  • Convenience Foods
  • Dairy Products

Global Food Packaging Films Market by Region

• •   North America Food Packaging Films Market  (Option 1: As a part of the free 25% customization)

o    By Type

o    By Material

o    By Application

o    US Market All-Up

o    Canada Market All-Up

• •    Europe Food Packaging Films Market  (Option 2: As a part of the free 25% customization)

o    By Type

o    By Material

o    By Application

o    UK Market All-Up

o    Germany Market All-Up

o    France Market All-Up

o    Spain Market All-Up

o    Rest of Europe Market All-Up

• •   Asia-Pacific Food Packaging Films Market  (Option 3: As a part of the free 25% customization)

o    By Type

o    By Material

o    By Application

o    China Market All-Up

o    India Market All-Up

o    Japan Market All-Up

o    Rest of APAC Market All-Up

• •  RoW Food Packaging Films Market  (Option 4: As a part of the free 25% customization)

o    By Type

o    By Material

o    By Application

o    Brazil Market All-Up

o    South Africa Market All-Up

o    Saudi Arabia Market All-Up

o    UAE Market All-Up

o    Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Food Packaging Films Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Amcor plc
  • Berry Global
  • Coveris
  • DS Smith
  • Sealed Air Corporation
  • Graphic Packaging Holding Company
  • Charter Next Generation
  • Mondi Group
  • DuPont Teijin Films
  • WestRock