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CPGs Need to Adapt to Meet Growing Food Demand

Global food packaging to hit $400 bn by '25, those who don't evolve could be left behind

The global food packaging market will approach $400 billion by 2025, making operational improvements and new equipment critical for CPGs.
A growing supply chain, plant-based alternatives and the demand for food delivery services are driving the combined annual growth rate of four to five percent.

The global food packaging market will approach $400 billion by 2025, making operational improvements and new equipment critical for consumer packaged goods (CPG) companies to keep pace, according to the newly released Trends and Advances in Food Packaging and Processing infographic and report from PMMI, The Association for Packaging and Processing Technologies. 

Single-serve packaging, ready-to-eat meals, healthy options and enhanced convenience options are some of the continued contributing factors. More recently, a growing supply chain, plant-based alternatives and the demand for food delivery services have emerged as new drivers to the combined annual growth rate of four to five percent. 

To meet the ever-evolving trends, 70 percent of food manufacturers from the report cite flexibility and faster changeover as the most desired machine improvements at a time when 72 percent expect to spend money on new machinery and 80 percent report an interest in modular equipment.

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