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Global Food Packaging Market
Research Report and Forecast
2021-2026
Author: Elena Anderson,
Marketing Manager |
Report Description
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Report Description
Report Description and Highlights
Global Food Packaging Market Outlook 2026:
The recently published report by IMARC Group, titled “Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global food packaging market reached a value of US$ 311.4 Billion in 2020.
Food packaging represents the largest segment of the global packaging industry. This type of packaging helps in the containment, handling and delivery of a food product to the end-consumer.
Food packaging is generally made from glass, plastic, paper, cardboard, metal and wood, and plays a key role in protecting the food items from outside influences and damage.
Nowadays, food packaging also provides the consumers with detailed nutritional and ingredient
Global Food Packaging Market Trends:
The major factor facilitating the growth of the food packaging market is the inflating demand for specialty and packaged foods. The increasing number of dual income households has shifted the eating habits from traditional meals to snacks and frozen meals.
Moreover, rural to urban migration, hectic lifestyles and time constraints have resulted in the rising popularity of single-serve packs which complement on-the-go consumption.
In addition, the manufacturers are investing in R&D activities so as to improve the shelf-life of the food products along with the barrier property and safety of packaging by using high performance and anti-microbial materials.
Apart from this, the demand for sustainable and eco-friendly packaging has also witnessed a surge in recent years on account of rising consciousness among the consumers regarding global warming and environmental pollution. Some of the other factors driving the market growth include emerging online food retail and production facility expansions by the manufacturers.
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Market Summary:
Breakup by Packaging Type:
• Flexible
• Paper and Paperboard • Rigid Plastic
• Glass • Metal • Others
Breakup by Application:
• Bakery, Confectionery, Pasta, and Noodles • Dairy Products
• Sauces, Dressings, and Condiments • Snacks and Side Dishes
• Convenience Foods • Meat, Fish, and Poultry • Fruits and Vegetables • Others
Breakup by Region: • North America • Europe
• Asia Pacific • Latin America
• Middle East and Africa
On account of the aforementioned factors, the market is anticipated to witness strong growth during 2021-2026.
Competitive Landscape With Keyplayer: • Crown Holdings • Amcor • Bemis • Owens-Illinois • Ball Corporation
• American Packaging Corporation • Tetra Pak
View Report TOC, Figures and Tables: https://www.imarcgroup.com/food-packaging-market
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