Baby Food Packaging Market Likely To Touch At $81.3 Billion By 2025: Grand View Research Inc.

Baby Food Packaging Market is Booming globally with Marginal Growth

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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