Segmentation

MRFR report offers a broad segmental analysis of the Food Packaging Market Share on the basis of material, type, and application.

Based on material, the Food Packaging Market Share has been segmented into glass, paper & paperboard, plastic, metal and others.

Based on application, the Food Packaging Market Share has been segmented into bakery & confectionery, dairy, meat, fruits and vegetables and others. Of these, the meat segment is likely to exhibit notable growth over the estimated years due to increasing demand for protein-rich food products.

Regional Analysis

By region, the global Food Packaging Market Share covers growth opportunities and latest trends across North America, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA). Of these, North America captures the majority share of the Food Packaging Market Share. Increased intake of packaged food in the region, developed retail industry, and expansion of the food & beverage industry are factors driving the growth of the North America Food Packaging Market Share. Additionally, the presence of various retailing giants in the region such as Walmart, Costco, and the Kroger Company lay greater emphasis on packaging and have laid down packaging guidelines which boost the growth of the market. The APAC Food Packaging Market Share is spurred by increasing consumption of packaged food in the region purveyed by increasing disposable income. Moreover, development of food retail chains and development of the food & beverage industry in the region augurs the growth of the market.

Key Players

Leading players profiled in the Food Packaging Market Share include RockTenn Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), D.S. Smith Plc. (U.K.), International Paper Company (U.S.), Coveris Holdings S.A (Luxembourg), The Smurfit Kappa Group plc (Republic of Ireland), Amcor Limited (Australia), Silgan Holdings Inc. (U.S.), Mondi Plc (Austria), and Bemis Company, Inc. (U.S.).

April 2019 - Ahlstrom-Munksjö, a leading player in sustainable and innovative fiber solutions, announced the expansion of its Grease-Gard portfolio with the launch of new FluoroFree papers. The papers are suitable for food wraps, lamshells, microwave popcorn bags, and fast-food products and are devoid of per and polyfluoroalkyl substances (PFAS).