Food and Packaging Market Report 2019: Competitive Analysis by Amcor Limited, BALL CORPORATION, Crown, WestRock Company, Sealed Air, Silgan Holdings, Tetra Pak International S.A., Toyo Seikan Group Holdings and others

Food and drink packaging is used to provide protection and safety to the food and drinks from temperature, bacteria etc. These packaging also extends the shelf life of the food. The packaging also contains information about the product like manufacturing date, recipe, nutritional value etc. Today, due to the hectic schedule people prefer ready to eat meal which is the major factor fuelling the market.

Market Analysis:
Global Food & Drink Packaging Market is expected to witness a stable CAGR in the forecast period of 2019- 2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing demand for ready to eat food.

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Key Market Competitors:
• Amcor Limited
• BALL CORPORATION
• Crown
• WestRock Company
• Sealed Air
• Silgan Holdings Inc.
• Tetra Pak International S.A.
• Toyo Seikan Group Holdings
• Parksons Packaging Ltd.
• Cellpack AG Packaging
• CLONDALKIN GROUP
• Bemis Company, Inc.
• CONSTANTIA
• AR Packaging Group AB
• Huhtamaki
• Mondi
• Sealed Air
• Sonoco Products Company

Key Developments in the Market:
• In April 2019, The UK Government’s Environment, Food and Rural Affairs Committee announced that to check the progress of the packaging manufacturer, retailer and producer they will inquire plastic food and drink packaging. The main aim is to find whether some food requires plastic packaging or alternatives can be used as well. They want to find some alternative that is more environment friendly than plastic.
• In March 2019, Klöckner Pentaplast announced the launch of their new Jewel food-to-go packaging line which uses polyethylene terephthalate. They will be available in different sizes as per the need and requirement of the consumer. They are flexible packaging and can be used in industries like pharmaceutical, medical device, card markets and food.

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Market Drivers:
• Increasing demand for ready to eat meal among consumer is driving the market.
• Increasing awareness for healthy and fresh food among consumer is driving the growth of this market.
Market Restraints:
• High cost of the raw material used in packaging is restraining the growth of this market
• Strict government rules related to plastic packaging is restraining the market.

Segmentation: Global Food & Drink Packaging Market
By Packaging Materials
Rigid Plastic Materials, Semi-Rigid Packaging, Flexible Plastic Packaging, Paperboard Packaging, Leather Packaging, Wood Packaging, Earthenware Packaging, Vegetable Fibers & Textile Packaging, Metal Packaging, Beverages Cans, Aerosol, Glass

By Application
Beer Packaging, Carbonated Soft Drinks Packaging, Energy Drink Packaging, Ready to Drink Ice Tea , Packaging, Alcoholic Drink Packaging, Dairy Products, Bakery & Confectionery, Convenience Foods, Fruits & Vegetables, Meat, Fish, & Poultry, Sauces, Dressings & Condiments, Other Food Products

By Technology
Shrink Wrapping, Shrink Sleeve Wrapping, Modified Atmosphere Packaging, Sealed Tray Food Packaging, Fin Seal/Flow Wrap Packaging, Vertical Foam Fill Seal Packaging, Folding Carton Packaging, Corrugated Tray & Case Packaging

By Geography
North America, South America, Europe, Asia Pacific, Middle East & Africa

Competitive Analysis:
Global food & drink packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food & drink packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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