Food Packaging Market Size & Share set for accelerated growth by 2024
sarsota, FL -- (SBWIRE) -- 09/29/2017 -- Food packaging materials are very cautiously manufactured due to their direct contact with food products. ON the basis of materials used for making the final packaging product, the global food packaging market is segmented as paper and boards, rigid plastic, glass, metal, and other packaging materials. Further, based on the various modern technology used in manufacturing process, the global market is classified as flexible packaging, rigid packaging, and semi-rigid packaging. Moreover, the end user application of the food packaging includes dairy products, bakery and confectionery, fruits and vegetables, meat and seafood, sauces and condiments, and various other food products.
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Large consumption of packaged food which also delivers the instant preparatory method and reduced making time are factors driving the growth of the global food packaging market. Food quality stabilization and increasing shelf life are the two major advantages of food packaging which leads to increasing demand for the food packaging. It's high output characteristics such as disposable, renewable, and conveniences while transportation is other factors responsible for the rising demand from end-use industries.
Packaging can be defined as an enclosure of products in various types of packaging format such as a wrapped pouch, box, bag, can, tray, and others. In terms of food packaging, it is the largest segment in the packaging industry. As food falls under the consumable goods category, due to the direct or indirect intake of the products by the consumers, it is very important to protect, preserve, and avoid contamination from biological elements. Food packaging standard has also been designed in order to ease smooth distribution and transportation, storage, and delivery.
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Consumers being health conscious and inclination towards packaged food rather than those sold openly are rising the demand for the food packaging which indirectly impacts the market growth positively. Further, certain development in packaging standard and technological innovations such as smart packaging methods which are designed in such a way that they can identify the quality of the food and interact with consumers; thus owing to these developmental factors, consumers are more readily spending on these premium products, boosting the growth of the global food packaging market. On the other hand, stringent government regulations respective to the environment and health safety conditions of the consumers are the factors restraining the growth of the food packaging market to some extent.
Asia Pacific is leading the global food packaging market due to the enormous demand for healthy food products in order to fulfill the fueling requirement from the augmenting population. Moreover, Europe is also making a rapid growth simultaneously owing to economic viability to produce packaged food.
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Some of the major participants of food packaging market are DINE Marketing, Berry Plastics, Kraft Foods, Tetra Pak, Beam Suntory, PepsiCo, INX International Packaging, CSI Closure Systems International, Impact Plastics, AmeriPak Inc., ConAgra Foods Inc, Cargill Inc, Kellogg's Co., and McCain Foods.
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