Global Food Packaging Market: Trends Analysis & Forecasts up to 2022
Food Packaging Market is an effective method for containing food and for protecting food against contamination caused due to factors such as biological, chemical, environmental and physical. Packaging helps in preserving the food during the journey from factory to the end user in the distribution chain. It increases the shelf life of the food products. Flexible packaging is the largest type of packaging used in the food packaging market globally. The global food packaging market is projected to reach USD X.XX billion by 2022, growing 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.
Segments Covered:
The report segments the global food packaging market by applications, end use, materials, type, and region. As per the applications, the food packaging market includes bakery and confectionery; convenience foods; dairy products; fruits and vegetables, meat, fish and poultry; sauces, dressing and condiments and others. On the basis of end use, the market has been segmented into package food manufacturers and suppliers, food trucks, restaurants, and others. As per material, the market is segmented as glass packaging, metal packaging, paper and paperboard, plastics and others. Furthermore, on the basis of type, the market is segmented into flexible packaging, rigid packaging and semi rigid packaging.
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