Food packaging products help to increase shelf-life of the product and provide protection, which helps to deliver a better quality of food product to buyers. Global food packaging market is expected to be driven by shifting consumers trend towards specialty and processed foods, companies marketing strategies, development in food packaging material, increasing demand for packaging material, and consumer awareness regarding food safety in emerging economies.
The global food packaging market report has been segmented on the basis of material, type, application, and region.
On the basis of material, the global food packaging market has been segmented into paper & board, metal, rigid plastic, flexible plastic, and others (wood, glass, and textile). The flexible plastic segment is estimated to account for highest share in terms of revenue in the global food packaging market. Flexible plastic segment revenue is also projected to register highest CAGR over the forecast, owing to its numerous end-use applications.
On the basis of application, the global food packaging market has been segmented into fruits & vegetables, bakery & dairy products, confectionery, convenience foods, and others (whole grain food, pulses, sauces, and oil). The bakery & dairy products segment is expected to account for largest share in the global food packaging market in terms of revenue, owing to constantly increasing demand for bakery & dairy products from several food industries.
On the basis of region, the global food packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Do Inquiry of the Report Here: https://marketresearch.biz/report/food-packaging-market/#inquiry
North America market is estimated to dominate with major revenue share in the global food packaging market in 2017. Asia Pacific market has been expected to register high CAGR in terms of revenue in next seven years, owing to increasing demand for food products from countries in this region.
Key players operating in the global market include Amcor Ltd, Owens-Illinois Inc., Crown Holdings, Inc., Ball Corporation, Tetra Pak International S.A., WestRock Company, Silgan Holdings, Inc., Nuconic Packaging LLC, Sealed Air, and Toyo Seikan Group Holdings, Ltd.