Food Packaging Market is expected to grow at a CAGR of 4% during the forecast period 2023
Global Food Packaging Market Information by Material (Glass, Paper & Paperboard, Plastic, Metal), Type (Bottles, Cans, Pouches, Boxes), Application (Bakery & Confectionery, Dairy, Meat, Fruits & Vegetables) and Region - Forecast to 2023
(firmenpresse) - Food Packaging Market Overview
The Food Packaging Market is expected to grow at a CAGR of 4% during the forecast period 2017-2023.
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. Launch of edible food packaging and increasing popularity of processes and packaged food are fueling the growth of the global food packaging market. 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.
However, stringent government regulations regarding the production of plastic-based food packaging owing to the environmental damage caused by it are likely to create hindrance in the expansion of the global food packaging market during the forecast period.
Key Players
The leading players profiled by MRFR that are operating in the global food packaging market 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.).
Segmentation
The global food packaging market is segmented on the basis material, type and application. Based on material, the food packaging market has been segmented into glass, paper & paperboard, plastic, metal and others. Based on application, the food packaging market has been segmented into bakery & confectionery, dairy, meat, fruits and vegetables and others.
Based on type, the food packaging market has been segmented into bottles, cans, pouches, boxes, and others. The boxes segment accounts for the major share in the global food packaging market over the forecast period.
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Datum: 04.05.2020 - 09:12 Uhr
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Date of sending: 4/05/2020
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