Food packaging market pegged at $305,955.1 million by 2019
A new report from marketsandmarkets.com, the food packaging market, described in terms of various materials, types, applications and regions, is analyzed with projections of the market size of each of several segments, in terms of value. The report also identifies the driving and restraining factors for food packaging with analyses of its trends, opportunities, burning issues, and winning imperatives.
The report "Food Packaging Market by Material (Paper & Board, Plastic, Glass, Metal), Type (Rigid, Semi-Rigid, Flexible), Application (Dairy, Bakery, Confectionery, Convenience Foods, Fruits, Vegetables, Meat, Sauces, Dressings) - Global Trends & Forecast to 2019", from marketsandmarkets.com, explains and segments the food packaging market on the basis of various materials, types, applications and regions, with analyses and projections of the market size of each segment in terms of value. It also identifies the driving and restraining factors for the market with analyses of its trends, opportunities, burning issues, and winning imperatives.
Driven by consumer trends shifting towards specialty and processed foods, advancement in packaging materials, company marketing strategies, expanded demand for food packaging materials and consumer awareness in developing economies, the report examines key market players’ adopted expansions, new product launches, agreements, joint ventures, partnerships and acquisitions as preferred strategies to sustain competition.
The various technologies used to manufacture processed food products and an introduction of a wide variety of food packaging types for developing packaging materials for foods have further driven the market.