Los Angeles, CA -- (SBWIRE) -- 08/19/2019 -- The global cereal packaging market is anticipated to gain growth from the rising demand for food packaging. Growth in the global population has significantly increased the food requirement across the world. This has played a major role in increasing the demand for food packaging, which is expected to positively impact the global cereal packaging market. Food companies are observed to introduce new products with innovating packaging that reflects the food values of their customers and also inspires them.
In 2019, Kashi, a US producer of whole grain cereals and other plant-based foods, rebranded its top-selling product GOLEAN to Kashi GO with new packaging and logo reflecting its evolving brand. Kashi GO was introduced with a new protein bar format and cereal flavor.
Players to Use Advanced Technology to Achieve Growth in Global Market
The presence of a considerable number of players in the global cereal packaging market is prognosticated to make the vendor landscape highly competitive. Companies are expected to launch new products and adopt latest technology to secure a strong position in the global market. Some of the major players of the global market are Amcor Limited, Smurfit Kappa Group, Mondi Group, WestRock Company, DS Smith Packaging Limited, Oji Holdings Corporation, Packaging Corporation of America, Georgia-Pacific LLC, and International Paper Company.
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By Material Type
? Paper and Paperboard
? Plastic
? Glass
? Metal
? Others
By Packaging Type
? Flexible Packaging
? Rigid Packaging
Among material types, plastic is foretold to take a leading position in the global cereal packaging market in terms of market share. According to market experts, the segment of flexible packaging is anticipated to account for a telling share of the global market because of the high demand for convenient and lightweight packaging.
By Region
Regionally, North America is projected to collect a commanding share of the global cereal packaging market, followed by Europe. On the other hand, Asia Pacific is predicted to exhibit a substantial growth rate because of the rising need for nutritious foods such as cereals to improve health.
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