Global Food Packaging Market

Food Packaging Market Size, Share, Growth Analysis, By Materials(Paper & board, Metal, Rigid plastic, Flexible plastic), By Types(Rigid, Semi-Rigid, Flexible), By Application(Bakery, Confectionery, Convenience foods, Dairy products), By Region - Industry Forecast 2024-2031


Report ID: SQSG30I2011 | Region: Global | Published Date: July, 2033
Pages: 157 |Tables: 97 |Figures: 76

Food Packaging Market Insights

Global Food Packaging Market size was valued at USD 361.4 Billion in 2022 and is expected to grow from USD 382 Billion in 2023 to reach USD 595.2 Billion by 2031, at a CAGR of 5.7% during the forecast period (2024-2031).

The food packaging market encompasses a broad range of materials and containers designed to protect food products from contamination, damage, and spoilage, while extending shelf life and providing essential information. The primary purpose of this market is to ensure food safety and quality from production to consumption, enhance product appeal through innovative design, and cater to the growing demand for convenience among consumers. This demand is driven by busy lifestyles and urbanization, leading to a preference for ready-to-eat meals and user-friendly packaging solutions. Technological advancements, such as smart packaging and sustainable alternatives, are also significant growth drivers, alongside increased awareness of food safety and hygiene, particularly post-pandemic.

However, the market faces several challenges. Environmental concerns over the use of non-biodegradable materials and the resulting waste pose significant hurdles. Regulatory pressures for eco-friendly solutions and the high costs associated with sustainable materials development can restrict market expansion. Furthermore, volatility arising from the cost of the raw materials required in manufacture and have within the supply chain will affect the profits and sustainability of the packaging manufacturers. The apparel décor of food packaging is another challenge where the market needs to achieve functionality and sustainability along with affordability and regulatory compliance in different food safety standards across countries.

Nevertheless, lot of opportunities are seen in the food packaging market to survive in the densely competitive environment. The increased concern for consumption acts as opportunities for exploring new applications for biodegradable and recyclable products. New opportunities for improving the level of food safety are connected with the further development of knowledge in which types of packaging, for example smart packaging active for maintaining the freshness of food products, can be used. Global increase in the e-commerce sector and the consumption of direct-to-consumer food delivery services also add to the demand for better packaging methods and protective solutions. Also, further growth opportunities arise from going global since emerging markets experience changes in disposable income and consumption patterns. In conclusion, there are various opportunities that have been packaged for the food packaging market despite facing great threat since the market is open to respond positively to the advancements that would consider the environmental impact as well as the safety of food to the consumers.

US Food Packaging Market is poised to grow at a sustainable CAGR for the next forcast year.

Market Snapshot - 2024-2031

Global Market Size

USD 343.3 billion

Largest Segment

Semi Rigid

Fastest Growth

Semi-Rigid

Growth Rate

5.7% CAGR

Global Food Packaging market By Type ($ Bn)
Country Share for North America Region (%)

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Food Packaging Market Segmental Analysis

The Global Food Packaging market is segmented on the basis of Materials, Types, Application, and region. Based on Materials the market is segmented as Paper & board, Metal, Rigid plastic, Flexible plastic, Glass, Others. Based on Types the market is segmented as Rigid, Semi-rigid, Flexible. Based on Application the market is segmented as Bakery, Confectionery, Convenience foods, Dairy products, Fruits & vegetables, Sauces, dressings and condiments, Others. Based on region the market is segmented as, North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. 

Analysis by Types 

the largest segment is undoubtedly rigid packaging. Dominating the market with a substantial share, rigid packaging is favored for its robustness and reliability. Its inherent durability ensures the protection of food products during transit and storage, making it the go-to choose for manufacturers and consumers alike. This segment encompasses various containers such as bottles, cans, jars, and trays, which offer excellent resistance to physical damage and environmental factors. The demand for rigid packaging is bolstered by the need for longer shelf life and superior protection, crucial for items like beverages, dairy products, and processed foods. 

the fastest growing segment in the food packaging market is flexible packaging. Characterized by its versatility and lightweight nature, flexible packaging is experiencing a remarkable surge in demand. This segment includes pouches, bags, films, and wraps, which are increasingly preferred due to their cost-effectiveness, convenience, and sustainability. Innovations in materials and technologies have enhanced the barrier properties and recyclability of flexible packaging, making it an attractive option for both consumers and manufacturers aiming to reduce environmental impact. 

Analysis by Application 

The fruits and vegetables segment dominate the global food packaging market. This prominent position reflects the critical role that packaging plays in preserving the freshness, quality, and nutritional value of these perishable food items throughout the supply chain. As consumers become increasingly conscious of the importance of a balanced, plant-based diet, the demand for innovative packaging solutions that extend the shelf life and maintain the integrity of fresh produce has surged. Leading packaging manufacturers have responded by developing advanced materials and technologies, such as modified atmosphere packaging, that create optimal conditions for the storage and transportation of a wide variety of fruits and vegetables. These sophisticated packaging systems not only enhance the visual appeal of the products but also reduce food waste, a growing concern in the industry.

The convenience foods segment is the fastest-growing application in the global food packaging market. This rapid growth is driven by the changing lifestyles and dining habits of consumers worldwide, who increasingly seek out easy-to-prepare, time-saving food options that do not compromise on taste or quality. packaging manufacturers have brought their innovation and came up with a variety or packaging that can suit convenience foods such as resealable pouches, microwavable containers, smart packaging that has integrated temperature indicators or freshness sensors amongst others. Though these innovative packaging technologies serve the purpose of improving the shelf life of the convenience foods and maintain the quality of the product, it also provides convenience factors which can be beneficial for consumers with busy lifestyle.

Global Food Packaging market By Type, 2022 (%)

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Food Packaging Market Regional Insights

North America stands out as the dominating region in this market. This high prevalence can be explained on the basis of numerous factors like packaged food consumption, high technological developments in packaging, and safety measures required by law for consumable products. United States and Canada owe a favourable Block for packaged food production and distribution channel added to the retail selling outlets commonly available in different parts of the world. 

The Asia-Pacific region is emerging as the fastest-growing market for food packaging. This growth has been driven by growing middle class, rising disposable income and change in dietary habits from traditional home cooked food to quicker convenient products that can be found in China, India and South-East Asian countries. Furthermore, the developed e-business market in this region has compounded the demand to use novel and eco-friendly packaging materials. The heightened manufacturing standards of local governments, in their attempts to provide enhanced food safety, and the call for increase in the use of recyclable packing materials are also boosting the circulation of the Asia-Pacific market.

Global Food Packaging market By Region, 2024-2031
  • Largest
  • Fastest

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Food Packaging Market Dynamics

Food Packaging Market Driver

Increasing Demand for Sustainable and Eco-Friendly Packaging:

  • Pressure from consumers and the authorities to reduce the use of conventional and harmful materials for packaging of food products has created the trend towards utilizing sustainable materials in food packaging. Many packaging producers are already working towards employing biodegradable and recyclable or even renewable packaging materials due to this new tendency of consumers. 

Shift Towards Convenience and On-the-Go Consumption:

  • As lifestyles become busier due to contemporary life, there has been a trend towards innovations that offer easy convenience in packaging of foods. Food and beverage manufacturers are not idle on the scene; they are designing new and practical packaging solutions to satisfy the requirements for easy-opening and resealing, as well as portion control so as to allow the consumer to take his meal or snack on the road.  

Restraints 

Stringent Regulatory Environment:

  • The food packaging industry is subject to a complex and ever-evolving regulatory framework that governs the materials, design, and safety standards of packaging. Compliance with these regulations can pose challenges for manufacturers, particularly in terms of costs and the need to continuously adapt to changing requirements. 

Volatility in Raw Material Prices:

  • This implies that when the prices of many of the raw materials for the manufacture of food packaging material like plastics, metals, and papers etc, happen to rise it will affect the manufacturing costs and hence the profit levels. This volatility can lead to tensions and pull on the industry to achieve better pricing while at the same time giving value for the products.

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Food Packaging Market Competitive Landscape

The food packaging market is characterized by intense competition, driven by the need to meet evolving consumer demands and stringent regulatory standards. This dynamic sector is influenced by various factors, including technological advancements, environmental sustainability, and changing consumer preferences. There has been growing interest in developing good and effective types of packaging that should complement the shelf life of products as well as the safety of foods and other goods that are being sold. Consumers are also waking up to the need for and demanding environmentally convenient and friendly packaging materials due to environmental concerns and concerns from the government. In additions, the increase in sales of food via online Stores and food delivery services is putting pressure on producers to provide well secured food packaging that can meet the challenges posed by transport and handling without compromising the quality of the food. More resource is required for innovation in packaging and exploring novel materials with competitive strategies, promoting technological advancement, and seeking innovative production techniques to come up with effective packaging at a cheaper price. 

Food Packaging Market Top Player's Company Profiles

 

 

 

  • Amcor plc (Switzerland) 
  • Sealed Air (USA) 
  • Sonoco Products Company (USA) 
  • Berry Global, Inc. (USA) 
  • WestRock Company (USA) 
  • Mondi Group (Austria) 
  • Genpak LLC (USA) 
  • Pactiv LLC (USA) 
  • Chantler Packages (Canada) 
  • WINPAK LTD. (Canada) 
  • Alpha Packaging (USA) 
  • BE Packaging (USA) 
  • Cheer Pack North America (USA) 
  • Evanesce Packaging Solutions Inc. (USA) 
  • Pacmoore Products Inc. (USA) 
  • Innovative Fiber (USA) 
  • Emmerson Packaging (Canada) 
  • PakTech (USA) 
  • Tetra Pak International S.A. (USA) 
  • ProAmpac (USA)

Food Packaging Market Recent Developments

  • In March 2023, SIGCartonis used by Casalasco Società Agricola, an Italian food and beverage producer, to launch its new food portfolio in aseptic carton packages using full-barrier materials.

  • In January 2023, Cascades a global company that specializes in the production of recycled products launches a new packaging that is eco-friendly to be used for packing fresh fruits and Vegetables. It launched an individual, closed basket for the sector of fresh produce made only of recycled and recyclable corrugated cardboard.

Food Packaging Key Market Trends

  • Adoption of Active and Smart Packaging Technologies: The food packaging industry is currently experiencing the application of sophisticated technologies including the active and smart food packaging that can both detect and interact with the status of the food products. Such accessories as temperatures logs, sensors of freshness and antimicrobial coatings explicate the purpose of increasing the safety of foods and its preservation, yet collecting necessary data for producers and consumers. 

  • Personalization and Customization of Packaging: Consumers are increasingly seeking personalized and customized food packaging that caters to their individual preferences and needs. Manufacturers are responding by offering a wide range of customization options, from custom labeling and graphics to unique packaging shapes and sizes, to differentiate their products and create a more personalized experience for the end-user.

Food Packaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Food Packaging Market Analysis, top packaging companies are deliberately investing in bolstering their positions in the expanding food packaging market. The expansion of the worldwide market is being hampered by trade barriers and supply chain disruptions. The market is expected to expand faster as a result of mitigation measures taken by packaging providers and regional government aid packages to revive the economy.

Report Metric Details
Market size value in 2022 USD 361.4 Billion
Market size value in 2031 USD 595.2 Billion
Growth Rate 5.7%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Materials
    • Paper & board, Metal, Rigid plastic, Flexible plastic, Glass, Others
  • Types
    • Rigid, Semi-Rigid, Flexible
  • Application
    • Bakery, Confectionery, Convenience foods, Dairy products, Fruits & vegetables, Sauces, dressings and condiments, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Amcor plc (Switzerland) 
  • Sealed Air (USA) 
  • Sonoco Products Company (USA) 
  • Berry Global, Inc. (USA) 
  • WestRock Company (USA) 
  • Mondi Group (Austria) 
  • Genpak LLC (USA) 
  • Pactiv LLC (USA) 
  • Chantler Packages (Canada) 
  • WINPAK LTD. (Canada) 
  • Alpha Packaging (USA) 
  • BE Packaging (USA) 
  • Cheer Pack North America (USA) 
  • Evanesce Packaging Solutions Inc. (USA) 
  • Pacmoore Products Inc. (USA) 
  • Innovative Fiber (USA) 
  • Emmerson Packaging (Canada) 
  • PakTech (USA) 
  • Tetra Pak International S.A. (USA) 
  • ProAmpac (USA)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Food Packaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Food Packaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Food Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Food Packaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Food Packaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Food Packaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Food Packaging Market size was valued at USD 361.4 Billion in 2022 and is expected to grow from USD 382 Billion in 2023 to reach USD 595.2 Billion by 2031, at a CAGR of 5.7% during the forecast period (2024-2031).

The food packaging market is characterized by intense competition, driven by the need to meet evolving consumer demands and stringent regulatory standards. This dynamic sector is influenced by various factors, including technological advancements, environmental sustainability, and changing consumer preferences. There has been growing interest in developing good and effective types of packaging that should complement the shelf life of products as well as the safety of foods and other goods that are being sold. Consumers are also waking up to the need for and demanding environmentally convenient and friendly packaging materials due to environmental concerns and concerns from the government. In additions, the increase in sales of food via online Stores and food delivery services is putting pressure on producers to provide well secured food packaging that can meet the challenges posed by transport and handling without compromising the quality of the food. More resource is required for innovation in packaging and exploring novel materials with competitive strategies, promoting technological advancement, and seeking innovative production techniques to come up with effective packaging at a cheaper price.  'Amcor plc (Switzerland) ', 'Sealed Air (USA) ', 'Sonoco Products Company (USA) ', 'Berry Global, Inc. (USA) ', 'WestRock Company (USA) ', 'Mondi Group (Austria) ', 'Genpak LLC (USA) ', 'Pactiv LLC (USA) ', 'Chantler Packages (Canada) ', 'WINPAK LTD. (Canada) ', 'Alpha Packaging (USA) ', 'BE Packaging (USA) ', 'Cheer Pack North America (USA) ', 'Evanesce Packaging Solutions Inc. (USA) ', 'Pacmoore Products Inc. (USA) ', 'Innovative Fiber (USA) ', 'Emmerson Packaging (Canada) ', 'PakTech (USA) ', 'Tetra Pak International S.A. (USA) ', 'ProAmpac (USA)'

Pressure from consumers and the authorities to reduce the use of conventional and harmful materials for packaging of food products has created the trend towards utilizing sustainable materials in food packaging. Many packaging producers are already working towards employing biodegradable and recyclable or even renewable packaging materials due to this new tendency of consumers. 

Adoption of Active and Smart Packaging Technologies: The food packaging industry is currently experiencing the application of sophisticated technologies including the active and smart food packaging that can both detect and interact with the status of the food products. Such accessories as temperatures logs, sensors of freshness and antimicrobial coatings explicate the purpose of increasing the safety of foods and its preservation, yet collecting necessary data for producers and consumers. 

North America stands out as the dominating region in this market. This high prevalence can be explained on the basis of numerous factors like packaged food consumption, high technological developments in packaging, and safety measures required by law for consumable products. United States and Canada owe a favourable Block for packaged food production and distribution channel added to the retail selling outlets commonly available in different parts of the world. 

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Global Food Packaging Market

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