The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing popularity of snacks and a fast-paced lifestyle are projected to promote innovation in packaged food manufacturing, hence propelling the market throughout the forecast period.

The global packaged food market 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 global packaged food market size is expected to reach $3,699.75 billion in 2027 at a CAGR of 5.9%.

Get A Free Sample On The Global Packaged Food Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9918&type=smp

Global packaged food Market Segments Include:

• By Type: Dairy Products, Confectionery, Packaged Products, Bakery And Snack, Meat, Poultry And Seafood, Ready Meals, Other Types
• By Material: Glass, Metal, Paper, Plastics, Other Materials
• By Packaging: Jugs, Packets, Bottles, Bags, Bowls, Boxes, Cans, Cartons, Crates
• By Sales Channel: Supermarkets Or Hypermarkets, Specialty Stores, Grocery Stores, Online Stores, Other Sales Channels
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global packaged food market in 2021.

Major Market Players in the packaged food market include General Mills Inc., Tyson Foods Inc., Conagra Brands Inc., JBS S.A., Nestle S.A, Hormel Foods Corporation, Maple Leaf Foods Inc., The Kraft Heinz Company, Smithfield Foods Inc.

The primary trend gaining popularity in the packaged food business is the rise of creative sustainable packaging for packaged food. To strengthen their market position, major packaged food firms are focusing on developing sustainable packaging methods. For example, Koehler Paper, a German packaging firm that develops and manufactures papers for packaging with a disruptive barrier function, will debut Koehler NexPure OGR in December 2022. This innovative sustainable paper packaging can tolerate grease and oil and is ideal for packaging food goods that are fluorochemical-free, making it a sustainable, environmentally friendly alternative to the wrapping material now used by the fast-food sector. The revolutionary paper is 38 gsm in weight and uses natural raw materials for the barrier function.

The Packaged Food Global Market Report 2023  provides a packaged food market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The packaged food market forecast analyzes packaged food market size, packaged food market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Packaged food is food that has had its entire surface wrapped to avoid direct contact with the environment, either through transparent or impenetrable wrapping. It helps to keep food fresher for longer.

Explore Similar Reports From The Business Research Company:

Packaged Food Shelf Life Testing Global Market Report 2023

Food Testing Kits Global Market Report 2023

Packaged Salad Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: