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.
Request
for a FREE Sample Report on Food Packaging Market
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.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
Comments