What driver the promising outlook of the Global Food Packaging Market?
Food packaging market growth and size touched USD 349.3 billion in 2022 and is predicted to touch USD 528.0 billion in 2030 and the market is predicted to rise at a CAGR of 5.3% from 2023-2030 due to speedy growth in demand for convenience food products and shifting lifestyles of customers. Shifts in eating habits and the fast-paced lifestyle have increased the requirement for packaged food, leading to a significant positive impact on the global food packaging market. Food packaging offers essential benefits, including preventing food contamination, extending food shelf-life, and developing overall efficiency in the food industry. These are estimated to foster the food packaging industry?s growth. In addition, the effective growth in disposable income, declining household size, and high rise in population are also estimated to positively impact the market growth.
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