Global Bakery Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Bakery Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global bakery packaging market report has been segmented on the basis of product types, material, packaging technique, and region.
Global Bakery Packaging Market: Overview
Food packaging facilitates storage, handling, transport, and protection of food from environmental pollution and other influences, and meets increasing demand of market especially related to consumer preference for nutritious and high-quality food products Packaging is a key component of each stage in food industry its permeable nature is a major defect in conventional food packaging materials.
Baked goods like cakes, cupcakes, pastries, biscuits, cookies, sandwiches, pies need special packaging material. Manufacturers are offering wide range of packaging solution from simple die-cut box to colored printed box. They also provide customization choices in order to design own bakery boxes with various colors, whimsical styles, designs, and sizes.
Global Bakery Packaging Market: Dynamics
Increasing bakery products sale across the globe and technological advancements in food & beverage product packaging techniques are major factors expected to drive growth of the global market. In addition, increasing demand for advanced packaging material that have superior properties and support in increasing shelf life of the products is another factor expected to further support growth of the market.
Moreover, increasing demand for ready to eat foods, due to hectic lifestyles is resulting in manufacturers approach towards adoption of good quality packaging material that is light weight and helps in maintaining taste and smell of the product is another factor expected to support growth of the global market.
In addition, manufacturers approach towards adoption of luxury packaging, especially during the festive seasons in order to enhance their brand name is another factor expected to support growth of the target market to certain extent.
However, stringent government regulation related to plastic packaging is a major factor expected to hamper growth of the global market.
With the advent of advanced packaging techniques and rising e-commerce sector is resulting in growing demand for light weight packaging material is expected to create potential revenue opportunities for players operating in the market over the forecast period. In addition, increasing demand for high quality food and safety concerns of environment sustainable development is encouraging major players for R&D activities for robust and green biodegradable nanocomposites.
Global Bakery Packaging Market: Region
The markets in North America and Europe are expected to contribute significant revenue shares in the global market. This dominance can be attributed to rapid urbanization, busy lifestyle, increasing preference for ready-to-eat food among consumers and presence of major players operating in the countries in this region. In addition, increasing expansion activities through strategic partnership in order to increase profit share and customer base is expected to further support growth of the market in this region.
The market in Asia Pacific is expected to witness faster growth, owing to flourishing e-commerce sector, increasing demand for bakery products, and presence of prominent players operating in emerging economies in this region.
Global Bakery Packaging Market Segmentation
Segmentation by product type:
- Breakfast cereals
- Frozen bakery
- Frozen desserts
Segmentation by type of material:
- Rigid plastic
Segmentation by packaging technique:
- Modified atmosphere packaging
- Vacuum packaging
- Flushing with inert gas
- Gas packaging
- Active Packaging
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Amcor Limited
- Bemis Company, Inc.
- Smurfit Kappa Group
- Mondi Group
- Brow Packaging, Genpak, LLC
- Reynolds Group Holdings Limited
- Sydney Packaging Pty Limited
- WestRock Company
- Benson Box Company Ireland Ltd.
- A S Food Packaging
- NAPCO, Inc.
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