Global Food & Beverage Plastics Industry Insights: Market Size, Growth Analysis and Forecast
Report ID : 1319847 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Food & Beverage Plastics Industry is categorized based on Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Others) and Application (Bottles, Containers, Films & Wraps, Trays & Cups, Others) and End-User (Food, Beverages, Dairy, Bakery, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Food & Beverage Plastics Industry was worth $30 billion in 2023 and is forecasted to reach $45 billion by 2033, growing at a CAGR of 4.2% over the period 2024-2033. This report covers various segments and analyzes the key trends and factors influencing the market significantly.
The Food & Beverage Plastics Market brings interesting phenomena in the light of world population which now is at 100 billion. As consumers change their preferences towards easily available and portable items, the need for packaging materials made of plastics has increased. This has not only affected the industry, but also caused manufacturers to adapt sustainable practices to curb the damage that has been done to the environment, which has increased with the use of plastics.
There are several factors of concern like Policy Change, Technology Change, and Changing Consumer Avatars. Companies are making more investment towards developing Biodegradable and Recyclable Plastics to sustain modern eco-friendly mandates. Hence, by increasing consumer appeal, this shift is expected to not only increase brand value, but also show responsible product innovation. This will certainly make the Food & Beverage Plastics Market a center of investment and research in the next few years.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Amcor plc, Sealed Air Corporation, Berry Global Inc., Mondi Group, Reynolds Packaging, Graham Packaging Company, Plastipak Holdings Inc., Novolex Holdings LLC, Smurfit Kappa Group, Alpla-Werke Alwin Lehner GmbH & Co KG, Sappi Limited |
| SEGMENTS COVERED |
By Type - Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), Others
By Application - Bottles, Containers, Films & Wraps, Trays & Cups, Others
By End-User - Food, Beverages, Dairy, Bakery, Others
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Food & Beverage Plastics Industry Dynamics
The Food & Beverage Plastics Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Food & Beverage Plastics Industry Segmentations
Market Breakup by Type
- Overview
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
Market Breakup by Application
- Overview
- Bottles
- Containers
- Films & Wraps
- Trays & Cups
- Others
Market Breakup by End-User
- Overview
- Food
- Beverages
- Dairy
- Bakery
- Others
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Food & Beverage Plastics Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Amcor plc
- Sealed Air Corporation
- Berry Global Inc.
- Mondi Group
- Reynolds Packaging
- Graham Packaging Company
- Plastipak Holdings Inc.
- Novolex Holdings LLC
- Smurfit Kappa Group
- Alpla-Werke Alwin Lehner GmbH & Co KG
- Sappi Limited
Customization Options
Verified Industry Insights offers one of the following report customization options to our respectable clients :
Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research
Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439
© 2024 Verified Industry Insights. All Rights Reserved