The Packaged Food Global Market Report 2023, provides comprehensive information on the packaged food market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/packaged-food-global-market-report
The global packaged food market size is expected to grow from $2,768.30 billion in 2022 to $2,939.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global packaged food market size is expected to reach $3,699.75 billion in 2027 at a CAGR of 5.9%.
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Rising innovative sustainable packaging for packaged food is the key trend gaining popularity in the packaged food market. Major companies operating in the packaged food market are focused on developing sustainable packaging technologies to strengthen their position in the market. For instance, in December 2022, Koehler Paper, a Germany-based packaging company that creates and manufactures papers for packing with a disruptive barrier function, launched Koehler NexPure OGR. This new sustainable paper packaging can withstand grease and oil and is excellent for packaging food products, which are fluorochemical-free and hence a sustainable, ecologically beneficial replacement to the wrapping material presently utilized by the fast-food industry. The novel paper has a grammage of 38 gsm and employs natural raw materials for the barrier function.
The packaged food market is segmented:
1) By Type: Dairy Products, Confectionery, Packaged Products, Bakery And Snack, Meat, Poultry And Seafood, Ready Meals, Other Types
2) By Material: Glass, Metal, Paper, Plastics, Other Materials
3) By Packaging: Jugs, Packets, Bottles, Bags, Bowls, Boxes, Cans, Cartons, Crates
4) By Sales Channel: Supermarkets Or Hypermarkets, Specialty Stores, Grocery Stores, Online Stores, Other Sales Channels
North America was the largest region in the packaged food market in 2022.
The table of contents in TBRC’s packaged food market report includes:
1. Executive Summary
2. Packaged Food Market Characteristic
3. Packaged Food Market Trends And Strategies
4. Packaged Food Market – Macro Economic Scenario
5. Packaged Food Market Size And Growth
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26. Africa Packaged Food Market
27. Packaged Food Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Packaged Food Market
29. Packaged Food Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- General Mills Inc
- Tyson Foods Inc.
- Conagra Brands Inc
- JBS S.A
- Nestle S.A
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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