Food Packaging Market In-Depth Research Covering Historical And Forecasted Statistics By 2028
Food Packaging Market The Food Packaging Market is projected to be worth USD 466.91 billion by 2027, registering a CAGR of 6.17% during the forecast period (2021–2027) Market Scope The global Food Packaging Market is expected to grow at a CAGR of 4% during the forecast period. Visual appeal and convenience of packaging are two major drivers of the market. This is attributed to its transparency from glass shelves and counters when placed in supermarkets and grocery stores. The shift from rural to urban areas and advances in materials and food processing can drive the market. The COVID-19 pandemic has heightened the need for food safety and the need for secure food packaging. The offers of essential services to the homeless and the daily laborers unable to get access to food can drive its demand in countries of India, Italy, and the U.S. Changing lifestyles of consumers and preference of processed foods can drive the market demand exponentially. The demand can take a hit dur...