Food Packaging Market Drivers, Restraints, Challenges & Competitive Landscape
The global food packaging market revenue stood at US$ 950.29 billion in 2018 and is expected to grow at a CAGR of 4.62% during the forecast period of 2019 - 2027. The primary market participants in the global food packaging market include Amcor Ltd, AmeriPak, Inc., Beam Suntory, Berry Plastics, Cargill Inc., ConAgra Foods, DS Smith PLC, Georgia Pacific Corporation, Impact Plastics, INX International Packaging, Kelloggs Co, Kraft Foods, PepsiCo and Tetra Pak amongst others.
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Food packaging protects the quality of food and expands the shelf life during each phase of the food chain in order to ensure the quality of fresh produce. Food packaging are available in many distinct forms, depending on technical demands across the supply chain, marketing requirements and other essential criteria. Plastic, glass, paper and paperboard, metal and wood are among the widely used food packaging materials. Among the available packaging materials, plastic packaging materials are prominently used in the food packaging market. Various polymer materials are combined to make the final plastic food packaging. Paper and paperboard food packaging is also gaining momentum owing to their recyclable properties. Prominent example for such packaging include pizza boxes, beverages cartons and carriers and frozen food packaging amongst others.
Population growth is causing exponential demand for food which is fueling growth in the food and agriculture sector. The adherence to certain compliances has been mandated for agribusiness companies and food packaging industries alike. The stringent regulatory frameworks regarding food packaging across the verticals are driving the growth of the global food packaging market. The Global Food Safety Initiative (GFSI) is an industry-driven global collaboration to advance food safety. GFSI strives for continuous improvement in food safety management systems around the world. All food packaging companies complying and attaining GFSI-benchmarked food safety audits, are accepted by global food manufacturers as well as retailers and suppliers. In addition, the FSSC 22000 certification scheme of the International Standards Organization (ISO) is designed to provide the accreditation of food safety management systems to businesses working in the food industry.
Global Food Packaging Market
- By Packaging Material
- Recyclable Packaging
- Glass
- Metal
- Wood
- Paper & Board
- Others
- Non-Recyclable Packaging
- By Type
- Bottles
- Cartons
- Sachets
- Boxes
- Cans
- Others
- By Application
- Dairy
- Meat & Seafood
- Bakery and Confectionary
- Fruits & Vegetables
- Beverages
- Others
- By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Food Packaging Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.
The Global Food Packaging Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.
Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.
Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.
Food Packaging Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)
This research provides detailed information on the major factors influencing the Food Packaging market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.
The Food Packaging market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Food Packaging market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.
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