The Global Food & Beverage Plastics Market was valued at USD 98.5 Billion in 2023 and is projected to reach USD 142.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This robust growth is primarily driven by the escalating demand for convenient, safe, and sustainable packaging solutions, the proliferation of processed and ready-to-eat foods, and the accelerating adoption of recycled and bio-based plastics to meet stringent environmental regulations.

As the packaging industry pivots towards circular economy models and enhanced food safety standards, the focus intensifies on the key material suppliers and innovators shaping this landscape. In this blog, we profile the Top 10 Companies in the Food & Beverage Plastics Industry—a dynamic mix of chemical giants, packaging specialists, and sustainability leaders driving the future of food contact materials.

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🔟 1. LyondellBasell Industries N.V.

Headquarters: Rotterdam, Netherlands
Key Offering: Polypropylene (PP), Polyethylene (PE), Advanced Polymer Solutions

LyondellBasell is one of the world’s largest plastics, chemicals, and refining companies, supplying a vast portfolio of polymers essential for food packaging. Their materials are used in everything from flexible films and rigid containers to bottle caps and closures, prized for their durability and compliance with food safety standards.

Sustainability Initiatives:

• Circulen portfolio of circular and renewable polymers

• Ambitious goal to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030

• Investments in advanced recycling technologies

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9️⃣ 2. Dow Inc.

Headquarters: Midland, Michigan, USA
Key Offering: Polyethylene (PE), Packaging and Specialty Plastics, Adhesives

Dow is a global leader in materials science, providing innovative plastic resins that enhance food protection, extend shelf life, and improve packaging efficiency. Their solutions cater to a wide range of applications, including shrink films, pouches, and liquid food containers.

Sustainability Initiatives:

• Commitment to transforming waste and alternative feedstocks into circular products

• Partnerships to advance mechanical and advanced recycling infrastructure globally

• Target to enable 1 million metric tons of plastic to be collected, reused, or recycled by 2030

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8️⃣ 3. SABIC

Headquarters: Riyadh, Saudi Arabia
Key Offering: Polypropylene (PP), Polyethylene (PE), Engineering Thermoplastics

SABIC is a global leader in diversified chemicals, supplying high-performance plastics for demanding food packaging applications. Their materials are known for their clarity, strength, and ability to be tailored for specific processing and barrier requirements.

Sustainability Initiatives:

• TRUCIRCLE™ portfolio offering certified renewable and circular solutions

• Pioneering chemical recycling projects to create certified circular polymers

• Global initiatives to help customers achieve their sustainability goals

Download FREE Sample Report: Food & Beverage Plastics Market – View in Detailed Research Report

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Ultrason® (PESU), Ecoflex® (biodegradable), Ultramid® (PA), Plastic Additives

BASF offers a comprehensive range of plastics and additives designed for food contact safety and performance. Their expertise spans high-temperature resistant plastics for kitchenware, biodegradable polymers for compostable packaging, and additives that enhance material properties.

Sustainability Initiatives:

• ChemCycling™ project, producing plastics from chemically recycled waste

• Expanding portfolio of bio-based and compostable polymers

• Commitment to carbon-neutral growth until 2030

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6️⃣ 5. Amcor plc

Headquarters: Zurich, Switzerland
Key Offering: Flexible Packaging, Rigid Containers, Specialty Cartons

Amcor is a global leader in developing and producing responsible packaging for food, beverage, and healthcare. While a packaging converter, Amcor is a pivotal player in the plastics value chain, specifying and utilizing massive volumes of food-grade polymers to create innovative packaging solutions for major brands worldwide.

Sustainability Initiatives:

• Pledge to develop all packaging to be recyclable or reusable by 2025

• Significant increase in the use of recycled content across its portfolio

• Leadership in lightweighting and design-for-recycling initiatives

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5️⃣ 6. Berry Global Group, Inc.

Headquarters: Evansville, Indiana, USA
Key Offering: Rigid Packaging, Flexible Packaging, Engineered Materials

Berry Global is a leading manufacturer and marketer of plastic packaging products, serving diverse food and beverage markets. Their products include containers, bottles, closures, and films that protect perishable goods and enhance consumer convenience.

Sustainability Initiatives:

• Impact 2025 strategy focused on circularity, including 100% recyclable packaging design

• Increasing utilization of post-consumer recycled (PCR) materials

• Partnerships to advance recycling and waste reduction programs

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4️⃣ 7. Sealed Air Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: CRYOVAC® food packaging, BUBBLE WRAP® brand packaging,SEE

Sealed Air is renowned for its food packaging solutions, particularly its CRYOVAC® brand, which provides barrier packaging to extend the shelf life of fresh foods, meats, and poultry. Their innovations are critical for food safety and reducing food waste across the supply chain.

Sustainability Initiatives:

• SEE Sustainability Pledge with 2025 targets for recycled content and recyclability

• Development of advanced packaging that uses less material and reduces food waste

• Global infrastructure for packaging collection and recycling programs

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3️⃣ 8. Sonoco Products Company

Headquarters: Hartsville, South Carolina, USA
Key Offering: Rigid Paper Containers, Flexible Packaging, Thermoformed Plastic Trays

Sonoco is a leading global provider of consumer, industrial, and protective packaging. Their food-focused division produces a wide array of plastic containers, trays, and lids for fresh and prepared foods, combining materials for optimal performance and sustainability.

Sustainability Initiatives:

• Commitment to making 100% of its packaging recyclable, compostable, or reusable by 2025

• Innovations in PCR content integration for thermoformed trays and containers

• Focus on creating a circular economy for plastics

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2️⃣ 9. Huhtamaki Oyj

Headquarters: Espoo, Finland
Key Offering: Molded Fiber Packaging, Flexible Packaging, Rigid Plastic Packaging

Huhtamaki is a key global manufacturer of sustainable packaging solutions for food and drink. Their plastic portfolio includes high-quality cups, tubs, lids, and trays for the dairy, ice cream, and ready-meal sectors, with a strong emphasis on recyclable designs.

Sustainability Initiatives:

• Target of 100% recyclable, compostable, or reusable products by 2030

• Active participation in partnerships to improve recycling systems globally

• Investment in renewable energy and reduction of carbon footprint in operations

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1️⃣ 10. Coveris Holdings S.A.

Headquarters: Chicago, Illinois, USA
Key Offering: Flexible Films, Bags, Pouches, Lidding

Coveris is a prominent player in the flexible packaging market, providing high-performance films and packaging solutions that protect fresh and processed foods. Their technologies focus on no-waste, easy-open, and recyclable packaging formats.

Sustainability Initiatives:

• No-Waste™ packaging philosophy focused on reducing food and packaging waste

• Development of mono-material and recyclable polyethylene (PE) films

• Commitment to the Ellen MacArthur Foundation’s New Plastics Economy

Read Full Report: Food & Beverage Plastics Market – View in Detailed Research Report

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🌍 Outlook: The Future of Food & Beverage Plastics is Circular and Innovative

The food and beverage plastics market is undergoing a profound transformation. While the fundamental need for safe, durable, and lightweight packaging remains, the industry is now channeling significant investment into developing circular economy models, advanced recycling technologies, and bio-based alternatives to meet consumer and regulatory demands.

📈 Key Trends Shaping the Market:

• Accelerated adoption of Post-Consumer Recycled (PCR) content driven by brand owner commitments and legislation.

• Rise of mono-material packaging designs to enhance recyclability and streamline waste streams.

• Growth in advanced (chemical) recycling technologies to handle complex plastic waste and produce virgin-quality food-grade resins.

• Increased R&D in biodegradable and compostable plastics for specific applications where recycling is not feasible.

Read Full Report: Food & Beverage Plastics Market – View in Detailed Research Report

The companies profiled above are at the forefront of this evolution. They are not merely supplying materials; they are actively engineering the sustainable packaging ecosystems that will define the future of how the world’s food and beverages are protected, preserved, and presented.