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Food Packaging Market Share, Size, Growth Rate, Trends, Future Scope, Forecast To 2023

Summary

Global Food Packaging Market Share by Material (Glass, Paper & Paperboard, Plastic, Metal), Type (Bottles, Cans, Pouches, Boxes), Application (Bakery & Confectionery, Dairy, Meat, Fruits & Vegetables) and Region – Forecast to 2023

Food Packaging Market Overview

Food Packaging ensures the protection of food products and ensures to improve the shelf-life of the product thereby, attracting more number of customers. The Food Packaging Market Share is expected to grow significantly over the forecast period with the advent of numerous production facilities with the objective of catching up with latest trends in the market. Also, the rapid changes in the lifestyle of the people and changing food preferences of consumers along with growth in population in the developing nations is expected to drive the growth of the market over the forecast period.

The Food Packaging Market is expected to grow at a CAGR of 4% during the forecast period 2017-2023.

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The increasing consumption of convenience foods owing to the rapidly changing lifestyle of consumers is driving the growth of the Food Packaging Market Share. The key players in the market have convenience features in the food packaging such as easy opening, portability, and single-use packaging which are driving innovations for packaging of processed foods. The two aspects which drive the growth of the Food Packaging Market Share are visual appeal and convenience.

Key Players

The leading players profiled by MRFR that are operating in the global Food Packaging Market Share are Amcor Limited (Australia), Coveris Holdings S.A (Luxembourg), The Smurfit Kappa Group plc (Republic of Ireland), E. I. du Pont de Nemours and Company (the U.S.), Mondi Plc (Austria), Bemis Company, Inc. (the U.S.), International Paper Company (the U.S.), D.S. Smith Plc. (the U.K.), Silgan Holdings Inc. (the U.S.), and RockTenn Company (the U.S.).

Drivers and Restraints

Rise in demand for processed food products with higher shelf life and rapid increase in global population are majorly impacting on the global Food Packaging Market Share, leading to the expansion of the global market for food packaging. Introduction of wide variety of food products that require good quality packaging to maintain their quality is propelling the growth of the global Food Packaging Market Share.

Increased research and development activities in order to introduce food packaging materials that are eco-friendly, biodegradable and recyclable are impacting positively on the growth of the global Food Packaging Market Share. Launch of edible food packaging and increasing popularity of processes and packaged food are fueling the growth of the global Food Packaging Market Share. Rapid development of food and beverages industry owing to the high demand for food products with longer shelf life is resulting in the expansion of the global Food Packaging Market Share.

Market Segmentation

Food Packaging Market Share is segmented on the basis material, type and application. Based on material, the Food Packaging Market Share has been segmented into glass, paper & paperboard, plastic, metal and others. Based on application, the Food Packaging Market Share has been segmented into bakery & confectionery, dairy, meat, fruits and vegetables and others. Amongst these, the meat segment is projecting noteworthy growth in the global Food Packaging Market Share owing to rise preference for protein-rich food, which is leading to the increase in consumption of seafood and meat products.

Based on type, the Food Packaging Market Share has been segmented into bottles, cans, pouches, boxes, and others. The boxes segment accounts for the major share in the global Food Packaging Market Share over the forecast period.

Regional Analysis

The global Food Packaging Market Share has been geographically segmented into for major regions such as Europe, Asia Pacific, North America and the Middle East and Africa. The North America region constitutes a major share of the global Food Packaging Market Share. High demand for packaged food by the large urban population is majorly driving the Food Packaging Market Share in this region. Increasing consumer preference for packaged food in the developing countries of the Asia Pacific region is fueling the growth of Food Packaging Market Share in this region. Increasing demand for high-quality packaging for frozen food and other products is driving the Food Packaging Market Share in the Europe region.

Industry Updates

In October 2018, Evoware, an Indonesian startup that designs food wrapping and sachets, has come up with an edible food packaging alternative. This packaging is made out of seaweed and is being used for three different purposes that include package coffee, noodle seasonings and wrappers for burgers.

In October 2018, Mondelez International, an American multinational confectionery, food and beverages company, has announced that it will shift to all recyclable packaging by the end of 2025.

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Table Of Content

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

Continues…….

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