Global Food Packaging Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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    Global Food Packaging Market Impelled by
Demand for Sustainable Packaging Solutions

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Report Description and Highlights
Report Description
  Global Food Packaging Market Impelled by Demand
for Sustainable Packaging Solutions The global
food packaging market has witnessed a stable
growth over the past few years. The market is
being driven by RD activities by the
manufacturers coupled with rising popularity of
single-serve packaging which complements
on-the-go consumption. The recently published
report by IMARC Group, titled Food Packaging
Market Global Industry Trends, Share, Size,
Growth, Opportunity and Forecast 2018-2023,
finds that the global food packaging
market reached a value of around US 273.9
Billion in 2017. Food packaging represents the
largest segment of the global packaging industry.
This type of packaging helps in the containment,
handling and delivery of a food product to the
end-consumer. Food packaging is generally made
from glass, plastic, paper, cardboard, metal and
wood, and plays a key role in protecting the food
items from outside influences and damage.
Nowadays, food packaging also provides the
consumers with detailed nutritional and
ingredient information offers improved
traceability, convenience and tamper indication
and carries promotional items such as gifts,
additional products and coupons.
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Report Description and Highlights
Report Description
Global Food Packaging Market Trends The major
factor facilitating the growth of the food
packaging market is the inflating demand for
specialty and packaged foods. The increasing
number of dual income households has shifted the
eating habits from traditional meals to snacks
and frozen meals. Moreover, rural to urban
migration, hectic lifestyles and time constraints
have resulted in the rising popularity of
single-serve packs which complement on-the-go
consumption. In addition, the manufacturers are
investing in RD activities so as to improve the
shelf-life of the food products along with the
barrier property and safety of packaging by using
high performance and anti-microbial materials.
Apart from this, the demand for sustainable and
eco-friendly packaging has also witnessed a surge
in recent years on account of rising
consciousness among the consumers regarding
global warming and environmental pollution. Some
of the other factors driving the market growth
include emerging online food retail and
production facility expansions by the
manufacturers. Looking forward, the global food
packaging market is projected to cross US 356.7
Billion by 2023, expanding at a CAGR of 4.5
during 2018-2023. Read more here
https//www.imarcgroup.com/food-packaging-market
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Report Description and Highlights
Report Description

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• Global Food Packaging Market Segmentation
• On the basis of type, flexible packaging
  currently leads the global food packaging market
  as it offers better protection against air,
  moisture and light. Other types of food packaging
  are paper and paperboard, rigid plastic, glass
  and metal.
• Based on application, the major segments include
  dairy products bakery, confectionery, pasta, and
  noodles snacks and side dishes sauces,
  dressings, and condiments meat, fish, and
  poultry convenience foods fruits and
  vegetables and others. Amongst these, the
  bakery, confectionery, pasta, and noodles segment
  dominates the market.
• Region-wise, North America represents the largest
  food packaging market globally on account of the
  well-established food processing industry in the
  region. Other major regions include Europe, Latin
  America, Asia Pacific, and Middle East and
  Africa.
• The competitive structure of the global food
  packaging market is characterized by the presence
  of a large number of global and local
  manufacturers. Some of the key players operative
  in the market include Crown Holdings, Amcor,
  Bemis, Owens-Illinois, Ball Corporation, American
  Packaging Corporation and Tetra Pak.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  913flagB

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Report Description and Highlights
Browse Related Report In-Vitro Diagnostics
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Packaging Market https//www.imarcgroup.com/dairy
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Report Description and Highlights
Report Description

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