Baby Food Packaging Market Growth On The Basis Of Type, Application, Region & Forecast To 2025: Grand View Research Inc.
San
Francisco, 10 June 2024: The Report Baby Food Packaging Market Size, Share & Trends Analysis
Report By Product (Metal, Glass, Rigid Plastic, Liquid Cartons, Paperboard
Packaging), By Application (Prepared, Dried, Milk Formula) By Region, And
Segment Forecasts, 2019 - 2025
The global baby food packaging market
size is expected to reach USD 81.31 billion by 2025, according to a new report
by Grand View Research, Inc. The market is expected to register a CAGR of 7.0%
from 2019 to 2025. Growing demand for baby food products as a result of
increasing number of working individuals is expected to remain a prominent
growth-driving factor. Furthermore, increasing number of nuclear families in
developing countries including Mexico, Brazil, China, and India is expected to
have a positive impact on the market.
Rising usage of paperboards and rigid
plastic as alternative packaging materials to the conventional glass and metal
is expected to drive these product segments over the forecast period. In
addition, these materials are easy to carry as they are lightweight, durable,
and reusable and offer longer product shelf life. Companies in the market are
focusing on the development of better alternatives than plastic packaging. For
instance, Square Baby Food launched recyclable cold chain packaging products in
September 2018. Plum Organics launched baby bowl packaging product in November
2017.
Rising demand for baby food products across
the globe is anticipated to boost the market growth. Furthermore, increasing
number of nuclear families in developing countries including Mexico, Brazil,
China, and India is expected to have a positive impact on the market growth.
In addition, constant product
innovations, in terms of designs and materials, is projected to boost the
demand further. The development of biodegradable materials, such as paper, is
expected to provide new growth opportunities to the market. For instance, in
September 2018, Square Baby launched recyclable cold chain packaging products
for infant foods.
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Thus, high demand for paperboard
packaging and thin wall packaging, as these materials are lightweight, easy to
use, safe, and reusable, is also expected to be one of the key growth-driving
factors for the market. Moreover, the freshness and longer product shelf life
provided by paperboard packaging is expected to boost its demand over the
coming years.
Further key
findings from the study suggest:
- Rigid plastic product segment led the
global market in 2018 and will maintain its dominant position throughout
the forecast years
- Liquid carton packaging is expected to be
the fastest-growing segment at a CAGR of 7.9% from 2019 to 2025
- Milk formula is expected to be the
largest application segment by the end of 2025 and dried food segment is
projected to register the fastest CAGR during the forecast period
- North America led the global baby food
packaging market in 2018 and will expand further at a steady CAGR over the
next six years
- Key companies include Rexam, Inc.; Tata
Tinplate Company of India; Bericap GmbH & Co. KG; Pretium Packaging
LLC; Bemis Company, Inc.; Hood Packaging Corp.; Ball Corp.; Flexible
Packaging Corp.; Hindustan National Glass & Industries Ltd. (HNGIL);
and Tetra Pak
However, liquid carton packaging is
expected to be the fastest-growing segment at a CAGR of 7.9% from 2019 to 2025.
North America was the dominant regional market in 2018 and will expand further
at a steady CAGR over the next six years. Asia Pacific, on the other hand, is
projected to witness the fastest growth rate from 2019 to 2025.
On the basis of product, the global
baby food packaging market has been segmented into metal, glass, rigid plastic,
liquid cartons, paperboard packaging, and others. Rigid plastic is anticipated
to be the largest product segment over the forecast period. This growth is
credited to the high demand for safe and flexible packaging materials. The
liquid carton is expected to be the fastest-growing segment at a CAGR of 7.9%
from 2019 to 2025. This growth is attributed to the constant product
innovations in the segment.
Report Scope
Attribute |
Details |
Base year for estimation |
2018 |
Actual estimates/Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Market representation |
Revenue in USD Billion and CAGR from
2019 to 2025 |
Regional scope |
North America, Europe, Asia Pacific,
Central & South America, and Middle East & Africa |
Country scope |
U.S., Germany, U.K., India, China,
Japan, and Brazil |
Some of the key companies in the
market include Rexam, Inc.; Tata Tinplate Company of India; Bericap GmbH &
Co. KG; Pretium Packaging LLC; Bemis Company, Inc.; Hood Packaging Corp.; Ball
Corp.; Flexible Packaging Corp.; Hindustan National Glass & Industries Ltd.
(HNGIL); and Tetra Pak. These companies have undertaken several market
strategies, such as mergers and acquisitions and product development, to
acquire a larger market share.
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