Europe Food Packaging Market to Grow at a CAGR of 4.9% to reach US$ 115,256.45 million from 2022 to 2030

The Europe food packaging market is expected to grow from US$ 79,344.12 million in 2022 to US$ 115,256.45 million by 2030; it is expected to register a CAGR of 4.9% from 2022 to 2030.

MARKET ANALYSIS

Food packaging plays an essential role in maintaining quality and keeping food safe during transportation, distribution, storage, retailing, handling, and end-use, and delivering food products safely to the consumer. Food packaging products include trays, bottles, boxes, tubs and cups, ampules, and others. The packaging helps preserve food products from contamination caused by microorganisms, air, and moisture and helps catalytic activity in fresh food. Food packaging is durable, strong, and protective and plays a vital role in safety, convenience, efficiency, and providing product information to consumers. All these factors drive the Europe food packaging market growth.

GROWTH DRIVERS AND CHALLENGES

Organized retail and e-commerce platforms provide a broader reach and greater visibility for food packaging. Consumers increasingly prefer organized retail formats due to the convenience and wide range of products they offer. Organized retail, including supermarkets, hypermarkets, and specialty stores, offers many products such as dairy products, meat, seafood, and ready-to-eat (RTE) meals. The convenience of having multiple products under one roof attracts consumers and encourages them to choose organized retail over traditional retail formats. The diverse product assortment requires appropriate packaging to ensure product integrity, hygiene, and presentation on store shelves, further driving the Europe food packaging market growth. According to the Food Industry Association, Food Marketing Institute, consumers have increasingly turned to grocery store food service for their meal plans, fueling the ongoing food-at-home trend. Additionally, food packaging helps extend the shelf life of perishable products by providing protective barriers against oxygen, moisture, and contaminants. Hence, retailers can stock various food items for longer periods, lowering the risk of spoilage and minimizing product waste. Proper packaging ensures product visibility, brand recognition, and consumer appeal, enhancing the chances of sales. With dedicated shelves, refrigerated sections, or an online listing, e-commerce platforms and retail stores showcase a wide range of food items. Thus, the expanding organized retail & e-commerce industry bolsters the Europe food packaging market growth.

Stringent government regulations are imposed on food packaging to ensure consumer safety and environmental sustainability. The regulations present challenges and limitations for packaging manufacturers and suppliers. Complying with stringent norms often requires significant investments in research, testing, certification, and ongoing compliance monitoring. These additional costs can pose financial burdens on packaging companies, especially small- and medium-sized enterprises, limiting their ability to invest in innovation, expansion, and new product development. Government regulations may restrict or ban the use of certain packaging materials, particularly those considered harmful to human health or the environment. These factors limit the Europe food packaging market growth.

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Europe Food Packaging Market: Strategic Insights

Europe Food Packaging Market

• Market Size 2022
  US$ 79,344.12 Million
• Market Size 2030
  US$ 115,256.45 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• Europe

Market Segmentation

Product Type

• Trays
• Bottles
• Tubs and Cups
• Boxes

Application

• Commercial Catering
• Food-to-Go
• Ready-to-Eat Meals

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REPORT SEGMENTATION AND SCOPE

The "Europe Food Packaging Market Analysis to 2030" is a specialized and in-depth study with a major focus on the Europe food packaging market trends and growth opportunities in Europe. The report aims to provide an overview of the Europe food packaging market with detailed market segmentation by product type and application. The report provides key statistics on the use of food packaging in Europe. In addition, it provides a qualitative assessment of various factors affecting the food packaging market performance in Europe. The report also includes a comprehensive analysis of the leading players in the Europe food packaging market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter's five forces analysis provide a 360-degree view of the Europe food packaging market, which helps understand the entire supply chain and various factors influencing the Europe food packaging market growth.  

SEGMENTAL ANALYSIS

The Europe food packaging market is bifurcated on the basis of product type and application. Based on product type, the Europe food packaging market is segmented into trays (molded fiber, plastic, aluminum, and others), bottles, tubs and cups, boxes, and others. By application, the Europe food packaging market is segmented into commercial catering, food-to-go, ready-to-eat meals, and others. Based on product type, in 2022, the boxes segment accounted for the largest share of the Europe food packaging market. Food packaging boxes are a popular choice for transporting and storing a wide range of food products, including baked goods, sandwiches, and fast-food meals. These boxes come in various sizes and made of cardboard, paperboard, and plastic. Cardboard and paperboard boxes are lightweight, biodegradable, and recyclable, making them an eco-friendly option. They also offer excellent insulation and protection for the food inside. These factors bolster the market growth for the boxes segment.

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REGIONAL ANALYSIS

Based on country, the Europe food packaging market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany was estimated to be around ~US$ 15,000 million in 2022. The convenience food market in Germany is growing steadily and transforming the German food industry. The evolution of Germany's convenience retail markets, including spanning supermarkets, independently run convenience stores, forecourt sites, discounters, and bakeries, has driven the food packaging market. As part of the new developments in Germany, consumers prefer convenient food and packaged foods for immediate consumption, and distributors work to meet their demands. Germany's status as a popular tourist destination and people's desire to consume food more outside of their homes boost sales of packaged food products in the country. Italy is expected to register a CAGR of ~5% from 2022 to 2030. The lifestyle of Italian families is changing with the rising number of working women. According to the World Health Organization, the labor force participation rate among females was 41%, and among males was 58.4% in 2022 in Italy. These factors have led to a robust demand for convenience foods, which helps in saving time and effort. The well-established distribution channels such as supermarkets & hypermarkets, online retail, and convenience stores have driven the sales of convenience food in the country. In addition, online shopping platforms gained tremendous traction during the COVID-19 pandemic. According to the US Department of Agriculture report published on June 23, 2021, Italy's food retail sales reached US$ 175 billion in 2020, registering an increase of 5.6% as compared to 2019. During the same year, online grocery shopping grew by 134.4%. The retail industry in Italy is highly diversified and is expected to offer new opportunities to the food packaging market. Furthermore, France is forecasted to be valued at ~US$ 17,000 million by 2030. In France, the hotel, restaurant, and institutional food service sector is highly competitive, offering a large scale of establishments with quality and diversity. There is a growing demand for different convenience food products in the country. Modern lifestyles in France often lead to busy schedules, making on-the-go dining and meal preparation increasingly common. As a result, consumers seek food products that are easy to carry, store, and consume. The rising preferences for RTE products create the demand for food packaging products. The growing online food delivery market in the country also boosts the Europe food packaging market growth.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

The report provides a detailed overview of the Europe food packaging market.

In March 2023, Hinojosa Packaging Group launched Foodservice, a new line of 100% recyclable packaging. This new line encompasses a collection of 100% recyclable primary packaging products designed for hot and cold beverages and 4th and 5th-range prepared foods.

In February 2023, ProAmpac launched ProActive Recyclable R-2050, a new patent-pending addition to this ProActive Recyclable series of polyethylene-based structures that it plans to introduce to the European market.

IMPACT OF COVID-19 PANDEMIC

The COVID-19 pandemic adversely affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in European countries hampered the growth of several industries, including the packaging industry. The shutdown of manufacturing units of food packaging companies disturbed global supply chains, manufacturing activities, and delivery schedules. Various companies reported delays in product deliveries and a slump in their product sales in 2020. Most of the industrial manufacturing facilities were shut down during the pandemic, decreasing the use of food packaging. In addition, the COVID-19 pandemic caused fluctuations in packaging material prices. However, various industries revived their operations after supply constraints were resolved, which led to a revival of the Europe food packaging market. Moreover, the rising demand for food packaging from the food service sector promotes the Europe food packaging market growth.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Amcor Plc, Tetra Pak International SA, Crown Holdings Inc, Smurfit Kappa Group Plc, International Paper Co, DS Smith Plc, Ardagh Group SA, Huhtamaki Oyj, WestRock Co, and Pactiv Evergreen Inc are among the key players operating in the Europe food packaging market.

Europe Food Packaging Report Scope