According to GlobeNewsWire, the global baby food packaging market is expected to grow by 2048.39 million units during 2022-2026, accelerating at a CAGR (Compound annual growth rate) of 4.41% during the forecast period. A rise in demand for flexible packaging and the adoption of eco-friendly packaging and smart packaging options for baby food will lead to sizeable demand in the market.
Some of the key companies in the market include Rexam, Tata Tinplate Company of India, Bericap, Pretium Packaging, Bemis Company, Hood Packaging, Ball, Hindustan National Glass & Industries (HNGI), and Tetra Pak.
Research from Grandview states that the global baby food packaging market size was estimated at US$ 50.64 billion in 2018 and was projected to expand further at a CAGR of 7.0% from 2019 to 2025. Furthermore, an increasing number of nuclear families in developing countries, including Mexico, Brazil, China, and India is expected to have a positive impact on market growth.
In addition, constant product innovations, in terms of designs and materials, are 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.
Although the impact of Covid-19 was relatively less on the packaging industry in contrast to other industries, the factors such as supply chain disruption and partial closure of production facilities somewhat halted the production and distribution capacity of baby food products. The packaging industry is recovering rather quickly considering the growing demand and removal of travel restrictions.
The growing consumer preference for eco-friendly pouches and features such as safety, reusability, hygiene, lightweight, and ease to carry has increased the adoption of flexible packaging in the last ten years. Similar trends are expected to drive the growth of the market studied during the forecast period.