Sanitary food and beverage packaging market to grow over 6% CAGR
The global sanitary food and beverage packaging market is likely to grow at a CAGR of nearly 6% during the forecast period 2017-2021. These insights are according to a new market research report from market intelligence and consulting firm Future Market Insights (FMI, futuremarketinsights.com). According to the report, increasing emphasis on maintaining food safety during the supply chain is promoting investments by manufacturers.
Globally, emphasis on maintaining hygiene is on an increase. Regulatory bodies from around the globe are making revisions to food safety guidelines, with an aim to ensure safety of the product. The U.S. FDA in 2016 published a new set of guidelines under the FSMA rule. These guidelines focus on safety of food products during transportation. As compliance rate increases, demand for sanitary food and beverage materials and products is also likely to witness an increase.