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Europe Food Packaging Market is expected to reach US$ 115,256.45 million by 2030

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

By The Insight Partners

Increasing Demand for Ready-to-Eat Food Products Drives Europe Food Packaging Market Growth

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.

Food packaging helps safeguard food from damage, spoilage, contamination, pest attacks, and tampering during transport, storage, and retail sale. It provides a hygienic and convenient way to store and transport food, allowing consumers to enjoy their meals wherever they are. These products can be easily carried, with features such as handles, straps, and compartments to keep food organized. They are also designed to keep food fresh for longer periods and are made of materials that help to maintain the temperature and prevent spoilage. Food packaging enables safe and convenient consumption of food products, allowing consumers to enjoy meals without extra preparation. In addition, food packaging plays a vital role in maintaining food safety for ready-to-eat (RTE) meals and other food products. It acts as a protective barrier, preserving the hygienic quality of the food and preventing contamination. Sealed packaging also provides tamper-evident features, assuring consumers that the product is safe and untouched before opening.

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00030084

In Europe, sustainability has become a major driver of food packaging demand. Europe has been at the forefront of environmental consciousness, with consumers and regulatory bodies pushing for eco-friendly packaging solutions. This has led to a shift toward recyclable, biodegradable, and compostable materials and efforts to reduce single-use plastics in food packaging. The regulatory landscape in Europe also significantly impacts food packaging. Stricter regulations related to food safety, labeling, and sustainability have led to increased demand for innovative packaging solutions that comply with these standards. Manufacturers continually invest in research and development to meet these evolving requirements. The Europe food packaging market players focus on investing in sustainable innovation to cater to consumer demands for safe packaging solutions made from recycled materials. In 2019, Sabert Corporation Europe, a leading food packaging manufacturer, launched an improved range of food service packaging products made from 100% high-grade, post-consumer polyethylene terephthalate (PET) bottle flakes. PET is highly utilized for packaging food products. Such developments would offer lucrative opportunities for the Europe food packaging market during 2022–2030.

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.

Impact of COVID-19 Pandemic on Europe Food Packaging Market Growth

The Europe food packaging market witnessed growth before the COVID-19 pandemic due to the increased demand from the food processing & food service sector. The COVID-19 pandemic adversely impacted the European economy and slowed down the growth of various industries in 2020. The pandemic restrained the manufacturing industry due to the shutdown of manufacturing facilities, challenges in procuring raw materials, and restrictions on logistic operations. The unprecedented rise in the number of COVID-19 cases across the region and subsequent lockdown of numerous manufacturing facilities negatively influenced the market growth. Further, the overall disruptions in manufacturing processes, research, and development activities restrained the Europe food packaging market growth.

The Europe food packaging market is reviving due to the government's significant measures, such as vaccination drives. The growing demand for food packaging from the food service sector is propelling the Europe food packaging market growth. Moreover, various players in the country seek investment opportunities as businesses gain confidence in stabilizing economies and increasing demand, thereby providing the impetus for the Europe food packaging market share.

The " Europe Food Packaging Market Analysis to 2030" is a specialized and in-depth study of the chemicals & materials industry, focusing on the Europe food packaging market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The Europe food packaging market is bifurcated on the basis of product type and application. In terms of product type, the Europe food packaging market is segmented into trays (molded fiber, plastic, aluminum, and others), bottles, tubs and cups, boxes, and others. Based on application, the Europe food packaging market is segmented into commercial catering, food-to-go, ready to eat meals, and others. In 2022, the food-to-go segment dominated the Europe food packaging market. Consumers increasingly seek quick and easy solutions to their food needs, whether they are at work, traveling, or simply too busy to cook. Food-to-go packaging provides a convenient and hygienic way to store and transport food, allowing consumers to enjoy their meals wherever they are. These products can be easily carried, with features such as handles, straps, and compartments to keep food organized. They are also designed to keep food fresh for longer periods and are made of materials that help to maintain the temperature and prevent spoilage. Sustainability is one of the key drivers of the market growth for the food-to-go packaging segment. Consumers are increasingly concerned about the environmental impact of their food choices and are seeking eco-friendly packaging solutions. In addition to sustainability, food-to-go packaging is a key element in ensuring food safety and hygiene. Features such as tamper-evident seals, leak-proof designs, and microwave-safe materials help to prevent contamination and ensure that food is safe to eat. All these factors boost the Europe food packaging market growth for the food-to-go segment.

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