Europe Food Packaging Market Size

Europe Food Packaging Market Analysis

The Europe food packaging market grew at a CAGR of 4.8% during the forecast period. With increasing urbanization, the rising demand for eco-friendly packaging of products, and user safety concerns, the Europe food packaging market is anticipated to grow lucratively. European countries have seen strong demand for fresh fruits & vegetables owing to a paradigm shift toward organic variants and the introduction of packaging that enhances shelf life.

• Packaging has now become an essential part of daily life. The primary requirement for packaging is to protect food products from outside influences and damage while preserving freshness and taste. Food packaging aids in the prevention of product deterioration, the retention of the beneficial effects of processing, extending shelf-life, and improving and preserving food quality and safety. Food packaging advancements significantly impact everything from food logistics to food logistics to maintenance.
• Europe has placed a comprehensive support system through the regulatory framework to strengthen regional produce and support stakeholders in the agricultural sector. An increase in fresh food production, along with favorable government norms, augment the growth of the fresh fruits & vegetable market, which, in turn, drives the food packaging growth in the region.
• The fluctuation of raw material prices can stifle market growth. According to European Plastics Converters, the European market for polymers has been under pressure for several months, and the negative consequences of raw material shortages and price increases seriously affect EU plastic product production.
• The need for efficient and eco-friendly technologies to supply fresh food has recently attracted significant demand. The primary goal of food packaging, in many companies and countries, especially in European countries, is to emphasize reducing the waste material and tamper detection facilities to ensure that the provided service meets the predetermined standard protocol.
• The COVID-19 outbreak has positively impacted the European food packaging market. As the coronavirus outbreak spreads and its humanitarian impact grows, industries that help meet basic needs, such as getting food and supplies to consumers safely, are becoming increasingly impacted. Food packaging is the most important segment of the packaging industry. The packaging industry's most important activity is food packaging.
• The European paper packaging sector is witnessing huge uncertainties related to energy due to Russia and Ukraine wars. The supply and prices of raw materials and disturbances in transport and logistics this is causing margin pressure for paper packaging producers. The already stressed downstream supply chain will feel this pressure via additional paper packaging price increases. Russian gas makes up around a third of all European natural gas. Locally, energy prices and availability might be further impacted by the dependence of certain countries on the supply of Russian gas.