The European food packaging market is projected to grow at a CAGR of 6.2% during the forecast period. The key factors that drive the growth of the market include the increased use of plastics in the packaging sector. According to the PlasticEurope, in 2018, the packaging segment accounted for approximately 40% share of the overall plastics market in Europe. However, there has been an increased amount of plastic waste for recycling has been generated due to the overuse of plastics. Nevertheless, several players are engaged in rapid R&D activities regarding the manufacture of bio-based plastics or bioplastics for packaging purposes. Thus, this is likely to create ample opportunities for the growth of the packaging industry, and in turn, it will flourish the European food packaging market over the forecast period.
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Further, there are several government regulations imposed to curb down the single-use plastics across Europe. The packaging companies are becoming more focused on investing in environmentally friendly packaging products. Due to this, there is a significant introduction of novel materials such as bioplastics, starch-based, and cellulose-based products which further drives the growth of the European food packaging industry over the forecast period. Besides, companies are also investing in metal packaging items such as aluminum. For instance, in June 2020, SIG announced to launch ASI-certified aluminum standard for EU packs. It offers customers a 100% renewable packaging solution. In the new pack, an ultra-thin barrier layer of aluminum foil will be inserted for a number of shelf-stable products filled in its packs to protect them from light and oxygen and to keep products nutritious and safe.
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European Food Packaging Market – Segmentation
By Material
• Plastic
• Paper & Paperboard
• Others
By Packaging
• Flexible Packaging
• Semi-Rigid Packaging
• Rigid Packaging
By Application
• Dairy Products
• Fruits & Vegetables
• Bakery & Confectionery
• Poultry & Meat Products
• Convenience Food
• Others
European Food Packaging Market – Segmentation by Countries
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
Company Profiles
• Amcor Plc
• Overview
• Amcor Plc in Food Packaging Landscape
• Recent Developments
• Ardagh Group S.A.
• Ball Corp.
• Coveris Holdings SA
• DS Smith Plc
• Mondi Group Plc
• Paccor Group
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