Global Food packaging market to be worth $251.8BN in2013

Monday 6 May 2013, Amsterdam

Our analysis indicates that the global food packaging market consisting of rigid plastic, flexible plastic, paperboard, metal, glass and other packaging materials will reach a global market value of $251.8bn in 2013. Driving the demand in food packaging will be the emerging economies and the BRIC nations. Aiding this growth will be the constant steady demand for more food products from more varied localities in the developed economies. Looking to specific trends that will affect the design and structure of food packaging over the 10 year period we see the progressing elderly global population becoming a keen focus point.

The global food packaging market is forecast to record moderate growth over the near term of the next decade. The global food packaging industry is a highly developed and mature industry in the western nations and focus within these markets is on branding and innovation while in the developing markets food packaging is coming to the fore as technical ability and supply chains are still developing. We see an eventual convergence of the two but not within the analysed decade.

The author of the Global Food Packaging Market 2013-2023 report commented that ‘The food packaging market globally is in somewhat of a flux. The developing nations of the BRICs and the Next 11 are starting to catch up with the more technically advanced food packaging markets of Europe and it is these nations that are causing the growth levels seen in the industry. The European food packaging markets are mature and fighting hard to maintain their competitive edge. Technical advances have reached a tipping point and efficiency/technical gains in food packaging are few and far between coming at great financial costs. With this view the food packaging markets in the western economies are turning more towards branding and design to drive growth and increase sales of food products. Production re-shoring and a move to target new packaging at specific age groups are all interesting issues and shaping the current food packaging market and their affects on the industry over the next 10 years will be stark.’.

The report contains 98 tables, charts and graphs that add visual analysis in order to explain developing trends and dynamics within the food packaging market. We provide forecasts for the period 2013-2023 in terms of sales for the global food packaging market, as well as for 6 subsectors (rigid plastic, flexible plastic, paperboard, glass, metal and other) of the food packaging market.  In addition, 14 leading national food packaging markets are forecast and analysed over the period 2013-2023. The report provides profiles of 13 leading food packaging companies operating within the market, and includes 3 exclusive interviews with We Are Pure, INCPEN and The Packaging Federation who discuss their views on the food packaging market, providing expert insight alongside our analysis.

The Global Food Packaging Market 2013-2023 report will be of value to current and future potential investors in the food packaging industry, as well as companies and research centres who wish to broaden their knowledge of the food packaging market.