The global food packaging market will approach $400 billion by 2025, making operational improvements and new equipment critical for consumer packaged goods (CPG) companies to keep pace, according to the newly released infographic and report from PMMI, The Association for Packaging and Processing Technologies. Download the infographic below..
Single-serve packaging, ready-to-eat meals, healthy options and enhanced convenience options are some of the continued contributing factors. More recently, a growing supply chain, plant-based alternatives and the demand for food delivery services have emerged as new drivers to the combined annual growth rate of 4% to 5%.