Food Packaging - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Food Packaging Market is accounted for $303.26 billion in 2019 and is expected to reach $528.90 billion by 2027 growing at a CAGR of 7.2% during the forecast period. Some of the key factors driving the growth of the market are increasing demand for convenience foods, rising disposable income, and growing population. However, stringent regulatory measures are hindering the growth of the market.
The packaging of food to protect it from damage, spoilage, contamination, and tampering is known as food packaging. This protection is needed during transportation as well as the storage of food.
By material, the paper & paperboard segment is expected to grow at a significant market share during the forecast period as it is eco-friendly by having fewer carbon emissions. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the expanding middle-class population in countries like China and India.
Some of the key players in Food Packaging Market include Tetra Pak International S.A., Amcor Ltd, Sealed Air Corp, Rock-Tenn Company, Ball Corporation, Toyo Seikan Group Holdings Ltd, Crown Holdings Inc, Owens-Illinois Inc, Silgan Holdings Inc, and Nuconic Packaging Llc.
• Flexible Packaging
• Semi-Rigid Packaging
• Rigid Packaging
• Paper & Paperboard
• Other Packaging Materials
• Convenience Foods
• Dairy Products
• Bakery, Confectionery, Pasta, and Noodles
• Meat, Fish, & Poultry
• Snacks and Side Dishes
• Fruits & Vegetables
• Sauces, Dressings & Condiments
• Other Applications
• 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
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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