Food Packaging Market Value to Hit USD 592.8 Billion in
New York, March 13, 2023 (GLOBE NEWSWIRE) — The global food packaging market was valued at around USD 358.3 billion in 2022 and is expected to reach approximately USD 592.8 billion in 2032, growing at a CAGR of slightly above 5.3% between 2023 and 2032. People are adopting healthier lifestyles and consuming more convenience foods. Thus the demand for these items is increasing. The industry will benefit from convenience and high-performance materials which increase efficiency in preventing contamination and longer shelf lives. Growth will be seen due to factors like disposable income, shrinking households, and an expanding population.
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