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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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Food Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

Food packaging market is by far the largest application segment of the packaging industry, accounting for more than one-third of the global packaging market. From a global perspective, the food packaging market is at a very interesting situation, where the market has almost reached a plateau in terms of technology in the more developed nations in North America and Europe, while the emerging countries of Asia Pacific region are playing catch up to the packaging technologies and food supply chain management. Different types of food products require varied packaging types according to their individual usage and perishability.

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The sea change in food habits and preference for processed food has propelled the food packaging market in the past. The market for packaged food has already reached a holistic level in North America and Western Europe, while rapid lifestyle changes and economic growth, coupled with rising population in Asia Pacific countries such as China and India, has spiked the growth rate of food packaging in the region. The growth rate in South America and the Middle East is also on the higher side compared to the developed economies. The main reason for increasing preference for processed food is the shifting population dynamics towards urban centers from rural areas. This has resulted in the advent of dual income urban families, who prefer processed food due to time constraints. Packaged food has evolved from super markets to neighborhood stores in countries such as China, India, Brazil and Thailand among others. The market dynamics in North America and Europe however, is governed by branding activities undertaken by food processing companies.

Tremendous opportunity exist in the food packaging market in emerging economies as the food packaging technology is in its growth phase in this region. Antimicrobial packaging technique is of particular interest as it helps to improve the shelf life of perishable food products. The market is however, slightly restrained by the declining growth in North America and Europe.

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The food packaging market can be segmented into application segments such as convenience foods, confectionary items, dairy items, fruits and vegetables, meat and sauces and dressings. The popularity of the different food applications is different across the globe. For instance packaged meat is making foray into Asia Pacific region while it is mainstream in North America and Europe. Materials used to package food can also be segmented into plastic, paper & board, metal and glass. They may also be classified as rigid, semi-regid and flexible by type of packaging material. The preferences for different packaging materials also vary with regions due to the food habits specific to the regions. Flexible packaging accounts for the largest share of food packaging.

North America is the largest food packaging market followed by Europe and Asia Pacific. However the growth rate exhibited by these regions has subsided considerably as the market is close to its peak. The growth parity is however, restored by the high growth regions of Asia Pacific and South America. China and India have exhibited exceptional growth potential and is expected to overtake the market leading position from North America in the near future.

Some of the major players in the food packaging market are American Packaging Corporation, Anchor Packaging, Crown Holdings, Inc. and Bemis Company, Inc., among many others.

Read More Reports on Food & Beverages Markets:http://www.transparencymarketresearch.com/food-beverages-market-reports-4.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com