Global Food Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global food packaging market in its upcoming report titled, “Global Food Packaging Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global food packaging market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food packaging market report has been segmented on the basis of material, type, application, and region.

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Food packaging products provide protection and help to increase shelf-life of the product, which helps to provide a better quality food product to consumers. Food packaging material used include paper and board, glass, metal, or plastic, for applications in products such as dairy, convenience foods, confectionery, bakery, vegetables, fruits, meat, and sauces. Revenue from the global market for food packaging is expected to grow moderately, as various production facilities are being developed to meet the requirements of appropriate food packaging standards in developed as well as developing countries.

Increasing consumption of convenience foods across the globe is expected to drive growth of the food packaging market over the forecast period. Packaged food characteristics such as portability, easy opening, and easy disposability is resulting in adoption of food packaging. This is another key factor expected to drive growth of the global food packaging market. Food packaging ensures an increased shelf life of products with a sterilized environment which prohibits growth of microorganisms which are responsible for spoilage and decay of perishable food products.

Increasing consumer awareness regarding constantly rising environmental concerns and increasing preference for ready-to-eat products due to hectic lifestyle and round-the-clock working hours are expected to fuel growth of the market in next ten years. Safety of food products is a top priority of manufacturers globally and it is expected to boost growth of the global food packaging market. In addition, increasing government regulations realized by regulatory authorities including US FDA, US Department of Agriculture, European Food Safety Authority, and Global Food Safety Initiative, which ensures safety and prevention of food products from any contamination, is an additional factor expected to fuel growth of the global food packaging market.

North America food packaging market is projected to account for highest share in terms of revenue in the global food packaging market. Asia Pacific food packaging market is estimated to witness fastest growth in terms of revenue in next five years, owing to increasing consumption of fast food and ready-to-eat food products, and availability of packaged foods at economic prices in countries in this region.

Global Food Packaging Market Segmentation:

Segmentation by material:

• Paper & board
• Metal
• Rigid plastic
• Flexible plastic
• Others (wood, glass, and textile)

Segmentation by type:

• Rigid
• Semi-rigid
• Flexible

Segmentation by application:

• Fruits & vegetables
• Bakery & dairy products
• Confectionery
• Convenience foods
• Others (whole grain food, pulses, sauces, and oil)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Amcor Ltd
• Owens-Illinois Inc.
• Crown Holdings, Inc.
• Ball Corporation
• Tetra Pak International S.A.
• WestRock Company
• Silgan Holdings, Inc.
• Nuconic Packaging LLC
• Sealed Air
• Toyo Seikan Group Holdings, Ltd