Industry News, Market Research

Food Packaging Market to Register 5.2% CAGR Between 2020-2027: Grand View Research

The market was estimated at $303.26 billion in 2019.

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By: Anthony Locicero

Copy editor, New York Post

The global food packaging market size was estimated at $303.26 billion in 2019, exhibiting a CAGR of 5.2% over the forecast period. Growing demand for packaged food by consumers owing to a quickening pace of life and changing eating habits is expected to have a major impact on the market. The product offers extended and stable shelf-life, high barrier properties, and safety, thereby boosting the market growth. Factors such as convenience and use of high-performance material are expected to ai...

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