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Food Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

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Food packaging market is by far the largest application segment of the packaging industry, accounting for more than one-third of the global packaging market. From a global perspective, the food packaging market is at a very interesting situation, wh
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REPORT DESCRIPTION
Food packaging market is by far the largest application segment of the packaging industry, accounting for more than one-third
of the global packaging market. From a global perspective, the food packaging market is at a very interesting situation, where
the market has almost reached a plateau in terms of technology in the more developed nations in North America and Europe,
while the emerging countries of Asia Pacific region are playing catch up to the packaging technologies and food supply chain
management. Different types of food products require varied packaging types according to their individual usage and
perishability.
The sea change in food habits and preference for processed food has propelled the food packaging market in the past. The
market for packaged food has already reached a holistic level in North America and Western Europe, while rapid lifestyle
changes and economic growth, coupled with rising population in Asia Pacific countries such as China and India, has spiked the
growth rate of food packaging in the region. The growth rate in South America and the Middle East is also on the higher side
compared to the developed economies. The main reason for increasing preference for processed food is the shifting population
dynamics towards urban centers from rural areas. This has resulted in the advent of dual income urban families, who prefer
processed food due to time constraints. Packaged food has evolved from super markets to neighborhood stores in countries
such as China, India, Brazil and Thailand among others. The market dynamics in North America and Europe however, is
governed by branding activities undertaken by food processing companies.
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Tremendous opportunity exist in the food packaging market in emerging economies as the food packaging technology is in its
growth phase in this region. Antimicrobial packaging technique is of particular interest as it helps to improve the shelf life of
perishable food products. The market is however, slightly restrained by the declining growth in North America and Europe.
The food packaging market can be segmented into application segments such as convenience foods, confectionary items, dairy
items, fruits and vegetables, meat and sauces and dressings. The popularity of the different food applications is different across
the globe. For instance packaged meat is making foray into Asia Pacific region while it is mainstream in North America and
Europe. Materials used to package food can also be segmented into plastic, paper & board, metal and glass. They may also be
classified as rigid, semi-regid and flexible by type of packaging material. The preferences for different packaging materials also
vary with regions due to the food habits specific to the regions. Flexible packaging accounts for the largest share of food
packaging.
North America is the largest food packaging market followed by Europe and Asia Pacific. However the growth rate exhibited by
these regions has subsided considerably as the market is close to its peak. The growth parity is however, restored by the high
growth regions of Asia Pacific and South America. China and India have exhibited exceptional growth potential and is expected
to overtake the market leading position from North America in the near future.
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Some of the major players in the food packaging market are American Packaging Corporation, Anchor Packaging, Crown
Holdings, Inc. and Bemis Company, Inc., among many others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
•
North America
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Asia Pacific
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Europe
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Middle East and Africa
•
Latin America
This report provides comprehensive analysis of
•
Market growth drivers
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Factors limiting market growth
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Current market trends
•
Market structure
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Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis
and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
•
This report provides pin-point analysis for changing competitive dynamics
•
It provides a forward looking perspective on different factors driving or restraining market growth
•
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
•
It helps in understanding the key product segments and their future
•
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
•
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of
market segments
•
It provides distinctive graphics and exemplified SWOT analysis of major market segments
Read More Reports on Food & Beverages Markets:http://www.transparencymarketresearch.com/food-beverages-marketreports-4.html
About Us
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Author
Amy James
Amy James817   documents Email
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Food Packaging Market, Global Food Packaging Market
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