Sunday, November 18, 2018

Food Packaging Market worth $305,955.1 Million by 2019

The food packaging market is projected to reach a value of $305,955.1 million by 2019. Asia-Pacific is projected to be the largest market and is projected to grow at the highest CAGR during the forecasted period. In this region, the Indian market is estimated to be the second-fastest.

The Food packaging market is driven by the trend of consumers shifting towards specialty & processed food, advancement in food packaging material, marketing strategies of companies, increase in the demand for food packaging material products, and consumer awareness in developing economies. The key market players adopted expansions, new product launches, agreements, joint ventures, partnerships, and acquisition as their preferred strategies to sustain competition in the market. The different technologies used to manufacture processed food packaging products, and an introduction of a wide variety of food packaging types for developing materials of food packaging have further driven the market.

Food Packaging Market Size, By Geography, 2014–2019 ($Million)

 The report "Food Packaging Market by Material (Paper & Board, Plastic, Glass, Metal), Type (Rigid, Semi-Rigid, Flexible), Application (Dairy, Bakery, Confectionery, Convenience Foods, Fruits, Vegetables, Meat, Sauces, Dressings) - Global Trends & Forecast to 2019", defines and segments the food retail packaging market on the basis of various materials, types, applications, and regions, with analyses and projections of the market size of each of these segments, in terms of value. It also identifies the driving and restraining factors for the food packaging market with analyses of its trends, opportunities, burning issues, and winning imperatives.

This report studies the marketing and development strategies, along with the product portfolios of leading companies. It also includes the profiles of leading companies such as Amcor Ltd. (Australia), Rock-Tenn Company (U.S.), Crown Holdings, Inc. (U.S.). The key players in the market invest in the expansion of their facilities to fulfill the needs of emerging markets and are actively investing in R&D activities to gain a competitive edge through new product launches.
Source: MarketsandMarkets Analysis

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