Food Packaging Market Research Report

 

 

The GMI Research's latest analysis reveals that the Food Packaging Market is slated to register a significant CAGR over the forecast period. This is attributed to the increasing urban population, the drastically changing consumption pattern of consumers, particularly in emerging countries due to people's changing lifestyle, and rising demand for ready-to-eat and frozen food products.

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Food Packaging Market’s leading Manufacturers:

·        Ball Corporation

·        Amcor Ltd

·        Nuconic Packaging LLC

·        Crown Holdings, Inc.

·        Sealed Air Corp.

·        Rock-Tenn Company

·        Tetra Pak International S.A.

·        Owens-Illinois Inc.

·        Silgan Holdings, Inc.

·        Toyo Seikan Group Holdings, Ltd

Food Packaging Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The increasing urban population and the drastically changing consumption pattern of consumers, particularly in emerging countries due to the changing lifestyle of people, are the factors responsible for the growth of the food packaging market size. As per the food packaging market report, the rising demand for ready-to-eat and frozen food products is driven by the increasing working population, and the growing retail sectors' will further boost the demand for the food packaging market during the forecast period. According to the food packaging market analysis, the rapid technological advancement in the food packaging sector, including the emergence of micro packaging, smart packaging wherein the packaging changes color in cases the food is contaminated and increasing R&D activities for bringing innovations in the packaging method, will attract many consumer bases to the market. According to the food packaging market forecast, the food packaging solution provides exceptional benefits like the better shelf life of the products, improved safety level of food products, and enhanced convenience. As per the food packaging market research, the increasing shift of consumers towards sustainable and environment-friendly packaging and the growing concerns for food safety and food contamination will bring various new growth opportunities for the market. As per the food packaging market forecast, the increasing concerns regarding the generation of waste and the negative effects of the packaging materials will hamper the growth of the global food packaging market.

Type Segment Drivers

Based on the type, the rigid packaging is projected to rise at a faster CAGR over the forecast period due to the growing usage of this type of packaging for vegetables, fruits, and other easily destroyable food products. The rigid packaging provides remarkable benefits, including not degrade easily in cold and hot temperatures, the capability to survive in extreme environments, and improved protection of the product. All these exceptional features will fuel the demand of the market.

Regional Drivers

Based on the region, Asia-Pacific is projected to lead the market in the coming years. This is mainly due to the growing population rate, which increases the demand for food and the change of consumers towards packaged food products. Furthermore, the rising urban population, the increasing penetration of frozen food in China, followed by the growing retail infrastructure, and the strong presence of numerous major manufacturing are certain factors that are expected to drive the growth of the market.

Food Packaging Market Segmentation:

Segmentation by Material:

·        Rigid Plastic

·        Paper & Board

·        Glass

·        Flexible Plastic

·        Metal

·        Other Packaging Material

Segmentation by Type:

·        Flexible Packaging

·        Rigid Packaging

·        Semi-Rigid Packaging

Segmentation by Application:

·        Bakery & Confectionery

·        Dairy Products

·        Fruits & Vegetables

·        Convenience Foods

·        Sauces, Dressings & Condiments

·        Meat, Fish, & Poultry

·        Other Food Products

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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