Fibre-based food packaging to lead market by 2045, study finds
A new study projects fibre-based materials will capture 42% of the global food packaging market by 2045, driven by sustainability demands and advances in barrier coatings.
A study released by UPM Specialty Materials and Smithers forecasts that fibre-based materials will become the dominant food packaging type by 2045, capturing 42% of the global market. The research, which surveyed over 230 packaging professionals across the value chain, highlights a decisive shift toward sustainable packaging solutions.
Currently, fibre-based packaging holds 37% of the market. The projected increase to 42% reflects strong industry conviction: 71% of respondents believe fibre will be seen as the most sustainable option. Key drivers include innovations in barrier coatings that improve the performance of fibre-based materials, making them more competitive with plastics and other conventional packaging. For traders monitoring commodity markets, this trend could influence demand for pulp and paper feedstocks, as well as shift investment flows in the packaging sector. NowPrice's live commodities dashboard allows traders to track price movements in pulp, paper, and related raw materials in real time.
Looking ahead, the study suggests that regulatory pressure and consumer preference for eco-friendly packaging will accelerate adoption. Market participants should watch for further developments in coating technologies and potential capacity expansions by major pulp producers. The findings also imply that traditional plastic packaging may face declining market share, creating opportunities for investors in sustainable materials and recycling infrastructure.