Food Packaging Market to Rise owing to Shifting Preference of Consumers towards Processed and Specialty Foods

A new market research report by Transparency Market Research, titled “Food Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023”, provides an extensive overview of the market for food packaging. The report studies the market on different parameters for providing a thorough description of the overall market. As per the report, the food packaging market is the biggest application segment within the packaging industry and constitutes over one-third of the global packaging market. As per the report, the global food packaging market has reached saturation in the developed nations of Europe and North America.

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According to the report, the food packaging market is fuelled by the increasing urban population, shifting preference of consumers towards processed and specialty foods, advanced marketing strategies adopted by prime companies, and due to the technological advancement of food packaging materials. The key trend seen in the market is the rising demand for convenience packaging, encouraging vendors to make cutting-edge packaging solutions. On the other hand, packaged food contamination is a prime challenge faced by the food packaging market. The chemicals utilized in the materials utilized in packaging may contaminate the food content stored inside. In addition, rising cost pressures have also been straining the prime vendors operating in the market, thus having a negative impact on the food packaging market.

As per the report, the market for food packaging has been segmented in terms of materials into glass, paper and board, rigid and flexible plastic, metal, and glass. The preference of packaging materials varies in accordance with regions owing to the difference in the food habits of people residing in different regions. The market is also segmented on the basis of application into dairy items, confectionary items, meat, sauces and dressings, and fruits and vegetables.

On the basis of geography, the food packaging market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Amongst these, within the Asia Pacific region, the food packaging market is on the rise owing to economic growth, swiftly changing lifestyles of consumers, and increasing population in countries such as India and China. The market is also flourishing in the Middle East. This is due to the high number of opportunities present in emerging economies such as that of the Middle East owing to food packaging technology still being in its growth phase.

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As per the report, the key players in the market include Crown Holdings, Amcor, Owens-Illinois, Rexam, Tetra Pak, Anchor Packaging, Ball, Bellmark, Bemis, Britton Group, Bischof + Klein, Cellpack CL&D Graphics, , CKS Packaging, Clear Lam Packaging, Constantia Flexibles, Clondalkin Group, DS Smith, Fabri-Kal, Exopack, Fres-co System USA, and Flextrus.

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