The global food wrap market size was estimated at USD 5.15 billion in 2023 and is projected to reach USD 8.45 billion by 2030, expanding at a CAGR of 7.5% from 2024 to 2030. This growth is primarily driven by increasing consumer demand for convenience, sustainability, and food safety.

In addition, heightened awareness regarding eco-friendly packaging, the rapidly expanding online food delivery industry, and continuous advancements in materials that help extend shelf life are playing a vital role in propelling the market forward.

A major contributor to the market’s growth is the rising trend of on-the-go food consumption, which has fueled the expansion of food trucks. These mobile food vendors are gaining popularity due to the convenience, variety, and affordability they offer. As consumers increasingly opt for portable meals, the demand for food wrap materials such as paper, aluminum foil, and plastic has surged. These materials are essential for maintaining food freshness, ease of handling, and supporting branding needs for food truck businesses. The growing presence of food trucks across urban areas and events is directly influencing the increased demand for effective and sustainable food wrap solutions.

Material Insights

Paper led the market with a revenue share of over 54.0% in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. This growth is largely attributed to increased environmental consciousness and the global shift toward sustainable packaging. Businesses and consumers alike are moving away from plastic in favor of eco-friendly paper alternatives.

Aluminum foil remains a preferred choice for its excellent heat conductivity and barrier properties. It is widely used in cooking, baking, and preserving food due to its ability to block light, oxygen, and moisture. Furthermore, its recyclability adds to its appeal for both hot and cold food applications.

Plastic food wrap, typically made from polyethylene or PVC, continues to be valued for its ability to form airtight seals that prevent moisture loss and protect food from contamination. Its transparency and microwave compatibility further support its widespread use.

Order a free sample PDF of the Food Wrap Market Intelligence Study, published by Grand View Research.

Application Insights

The food service segment dominated the market, accounting for over 52.0% of revenue in 2023. This is driven by the expansion of restaurants, cafes, and hotels, alongside the increasing demand for takeout and delivery services. The focus on sustainable, reliable packaging in the foodservice industry is strengthening the segment’s market share.

The online segment is anticipated to witness the fastest growth, with a projected CAGR of 7.7% during the forecast period. The surge in e-commerce and online food delivery, especially post-COVID-19, has led to increased demand for packaging that ensures food safety during transit and supports contactless delivery.

The institutional segment, comprising schools, hospitals, and other large-scale establishments, relies heavily on food wraps for hygienic and cost-effective food service. These institutions typically buy in bulk and prioritize compliance with food safety regulations.

Regional Insights

North America is a key regional market, supported by the presence of major food service players like McDonald's, Starbucks, Subway, Taco Bell, and Domino’s. These large chains generate high volumes of fast food, creating consistent and large-scale demand for food wrap solutions. The focus on efficient and branded food packaging has made North America a major contributor to overall market growth.

Key Food Wrap Companies

Leading companies shaping the global food wrap market include:

• Amcor plc
• Berry Global Inc.
• Abeego
• Huhtamaki
• Bee's Wrap, LLC
• Reynolds Consumer Products
• Specialty Polyfilms India Pvt. Ltd.
• ProAmpac
• OX Plastics
• McNairn Packaging
• Mitsubishi Chemical Group Corporation
• Polyvinyl Films, Inc.
• Georgia-Pacific Consumer Products LP
• Veritiv Corporation
• Anchor Packaging LLC
• Pixelle
• Ahlstrom
• Gator Paper
• Seaman Paper Co.
• Ronpak

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global food wrap market is undergoing a dynamic shift, fueled by rising consumer expectations for convenience, sustainability, and hygiene. As foodservice formats evolve—through food trucks, online delivery, and institutional demand—the need for innovative and eco-friendly packaging solutions continues to rise. With significant contributions from both developed and emerging markets, and a strong push toward sustainability, the food wrap industry is poised for sustained and transformative growth over the coming years.