Global Food Packaging Market: Trends Analysis & Forecasts up to 2022 – Advanced Food Packaging Materials & Technology Driving Growth – Research and Markets
The global food packaging market is projected to grow with a CAGR between 3.0% and 3.5% from 2016 to 2022.
Awareness among consumers about importance of food packaging in developing economies and preference for convenience food products are driving the market. Availability of advanced food packaging materials and technology are expected to support the growth in demand for packaging in food industry. Visual appeal of the packaged food and convenience for use are expected to enhance the prospects of players in the market over the forecast period. Moreover, customers’ preference for the health and safety, globally is expected to drive the market. Additionally, new regulations regarding contamination of foods mooted by the government authorities for food and safety in the US, Europe and other major economies are likely to have a positive impact on the market over the period of 2016 – 2022.
