Eco-Friendly Food Packaging - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Eco-Friendly Food Packaging market is accounted for $151.45 billion in 2018 and is expected to reach $313 billion by 2027 growing at a CAGR of 8.4% during the forecast period. Some of the key factors such as latest technologies and government initiatives toward eco-friendly packaging are driving the market growth. However, poor infrastructural service for recycling is the restraining factor for the growth of the market.
Eco-Friendly Food Packaging market is implemented to have a little footprint on the atmosphere, moreover throughout developed or use. In terms of food packaging, the term eco-friendly means that helping vessels can either be again used or recycled. In addition, with the expansion of equipment, it can also suggest that packaging is completely recyclable, compostable or even edible. There is a boundless array of eco-friendly food packaging presented, and the sheer imagination of these goods is both amazing and inspirational.
By application, food segment is likely to have a huge demand in the forecast period due to the increase in the customers who look for ease food solutions owing to short of time. The prospect of food quality, cleanliness, and increasing health alertness are pouring the eco-friendly packaging market in the food segment. Food commodities are able to be served in biodegradable packaging, which includes paper & paperboards; this is fuelling the increase of the food segment.
On the basis of geography, Asia Pacific is estimated to have a lucrative growth due to the growing command for convenience foods due to the demanding lifestyles of customers in the APAC region. There is rising expenditure of on-the-go and ready-to-eat breakfast meals, as a consequence of urbanization, excited lifestyles, and high disposable profits in this region.
Some of the key players in Eco-Friendly Food Packaging Market include Amcor, Ball Corporation, BASF, Berry Global, Crown Holdings Inc., Elopak, Evergreen Packaging, Huhtamaki Oyj, Mondi Group, Sealed Air Corporation, Smurfit Kappa Group, Sonoco Products Company, Tetra Pak, Westrock Company and Winpak Ltd.
• Reusable Packaging
• Recycled Content Packaging
• Degradable Packaging
• Paper & Paperboard
• Other Materials
• Multipurpose Packaging
• Active Packaging
• Alternate Fiber Packaging
• Molded Packaging
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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