Food packaging industry worldwide - statistics & facts
Food packaging encompasses many different materials and packaging types, such as plastic wrap, foil, paperboard, aluminum cans, glass containers, and more. The is growing and is expected to reach a value of 512 billion U.S. dollars by 2028. The was valued at over 100 billion U.S. dollars as of 2022, making up a major share of the global food packaging market.
It is surprising that so little of the packaging is recyclable, considering many consumers’ willingness to pay a higher price for sustainable packaging. In the U.S., about half of consumers would be willing to pay an upcharge of one to three percent for and in the UK almost three-quarters of consumers reported a .
Food packaging segments
The food service industry is one of the largest markets for food packaging. As of 2021, the was valued at 118 billion U.S. dollars worldwide and is expected to grow by over 57 percent over the next several years until 2030. and are also two import segments of the worldwide food packaging industry. Tetra Pak is a Swiss company that focuses on sustainable and safe food packaging and works with over 160 countries worldwide. In 2022, the net sales of Tetra Pak was valued at about 12.5 billion U.S. dollars worldwide.Sustainability and consumer perspectives
In the global food system, . Though other links in the food chain produce significantly more greenhouse gases, like agricultural production and land use, many people are interested in more sustainable packaging options to help reduce waste. In the food industry only about a quarter of used is recyclable and less than one percent is reusable.It is surprising that so little of the packaging is recyclable, considering many consumers’ willingness to pay a higher price for sustainable packaging. In the U.S., about half of consumers would be willing to pay an upcharge of one to three percent for and in the UK almost three-quarters of consumers reported a .
