Global Food Packaging Market Analysis by Material (Glass, Paper & Paperboard, Plastic, Metal), Type (Bottles, Cans, Pouches, Boxes), Application (Bakery & Confectionery, Dairy, Meat, Fruits & Vegetables) and Region - Forecast to 2023
Food packaging has become an essential part of the industry as the demand for packaged and ready-to-eat foods increases. Food packaging preserves food for a longer time and maintains the essential nutrients level, which has increased its adoption globally. With the global expansion of the food industry, the demands for packaging are also surging and provide lucrative opportunities for the market players. The demands for specialty foods have provided an extra boost to this market, helping the market gain a stable market position.
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As the global population is increasing, the urbanization is also rising, which has raised the spending capacities of people and is directly increasing the demands for packaged foods. The food packaging manufacturers invest in research & development programs to introduce more efficient and quality packaging materials, which has imposed an extra burden on the companies but is driving the market towards sustainable futures. Another factor boosting the market growth is the rising export and import activities, which has increased the demand for smart packaging solutions.
Apart from its uses and features, the global market is facing challenges against the wastage during manufacturing and rising environmental concerns from plastics, which has considerably restrained market growth. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global food packaging market. The global market is anticipated to register approximately a 05 % annual growth during this period.
The leading players profiled by MRFR that are operating in the global Food Packaging Market Analysis are Amcor Limited (Australia), Coveris Holdings S.A (Luxembourg), The Smurfit Kappa Group plc (Republic of Ireland), E. I. du Pont de Nemours and Company (the U.S.), Mondi Plc (Austria), Bemis Company, Inc. (the U.S.), International Paper Company (the U.S.), D.S. Smith Plc. (the U.K.), Silgan Holdings Inc. (the U.S.), and RockTenn Company (the U.S.).
The global food packaging market is segmented into classes as follows:
The global food packaging market is segmented by plastic, glass, paper & paperboard, and others based on manufacturing material.
The global food packaging market is segmented by pouches, cans, bottles, and others based on packaging types.
Based on applications, the global food packaging market is segmented into dairy, meats, fruits & vegetables, and others.
The food packaging market has gained global adoption due to its rising demand for ready-to-eat & specialty foods and better alternatives. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global food packaging market. The North American region is leading the market due to the presence of key manufacturers, demands for advanced technologies, increasing research & development activities, demand for ready to eat foods, and other factors. The Asia Pacific region will register the fastest growth rates due to rising disposable incomes, rapid urbanization, expanding foods industry, vast population covers, and other factors.
The global food packaging market has gained pace in recent times as the demands for packaged foods, and spending capacities of people are increasing. Boxed type food packaging and meat food products are expected to lead the market during this period. The North American region is the current market leader, followed by Europe and the Asia Pacific in the respective order. Still, the Asia Pacific region will register the highest growth rate due to the vast population and rise in per capita incomes.
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Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
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