Global food packaging estimated to grow, production facilities to expand
Research and Markets (researchandmarkets.com) has announced the addition of the "Food Packaging Market by Material, Type, Application - Global Trends & Forecast to 2019" report to their offering.
Packaging materials deliver functional, aesthetic, and sustainability benefits to consumers. Food packaging provides protection, tampering resistance, maintains the sensory quality of food, and also increases the shelf-life of products. The packaging material used depends on the functional properties of the food. Changing consumer lifestyle and the choice of convenient foods increases the demand for packaging material. This compels manufacturers to innovate in packaging. Manufacturers are focusing on new packaging designs to attract more consumers.
This report includes the market sizes, in terms of value ($million). The food packaging market is segmented on the basis of material, type, application, and geography. The segmentation of food packaging market on the basis of application includes bakery, confectionery, dairy products, convenience foods, sauces, dressings, condiments, fruits & vegetables, meat, fish & poultry, and other products. The geographical segmentation of the market includes four regions: North America, Europe, Asia-Pacific, and Rest of the World. The key countries of these regions have also been studied.
The market is estimated to grow with the expansion of production facilities to meet the increasing trend of food packaging. The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.
In this report the food packaging market has been segmented on the basis of materials, which include paper & board, rigid & flexible plastic, glass, metal. The applications of food packaging include bakery, confectionery, dairy products, convenience foods, sauces, dressings, condiments, fruits & vegetables, meat, fish & poultry, and others. The demand for convenience and packaged foods drives the market.
This report includes the market size, in terms of value ($million). Additionally, the food packaging market is segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the World (ROW). It provides both, qualitative and quantitative analyses of the food packaging materials market, competitor analysis, and preferred development strategies of key players.
The market for food packaging market is projected to reach a value of $305,955.1 million by 2019, with the preference for specialty packaged products rising with the escalating economic growth in emerging markets. In 2014, the Asia-Pacific region is expected to be the fastest growing market for food packaging market.