Bakery Packaging Market Study Report 2019 | Top Players Mondi Group, Amcor, Reynolds Group (Pactiv), Crown Holdings Inc., Rock-Tenn Company, Smurfit Kappa and Bemis
For instance, North America food & beverage industry is likely to grow at a CAGR of over 5% which will drive bakery packaging market size by 2024. Latin America and Europe are also likely to witness substantial rise in product demand owing to the consumer preferences for frozen food, desserts and other breakfast cereals products.
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Global Bakery Packaging Market size is likely to witness a healthy CAGR over the projected timeframe. Packaging plays a vital role for attracting consumers as well as in proper storage and transportation of bakery products.
Rising consumer inclination towards packaged and frozen food products which is attributed to rapid urbanization and rising per capita consumer income primarily in the emerging economies is likely to make a prominent contribution towards bakery packaging market during the forecast period. Moreover, retailer’s preference for single serving and multipacks as they occupy low shelf space enables them to offer consumers with new and multiple varieties of bakery products in desirable quantities which will help attain significant bakery packaging market size by 2024.
The Bakery Packaging Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Bakery Packaging Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2017
3.11. PESTEL analysis
3.14. Regional price trends
4. Bakery Packaging Product Insights
5. Bakery Packaging Application Insights
6. Bakery Packaging Regional Insights
7. Competitor Profiles
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Based on packaging technique, the global bakery packaging market size is segmented into vacuum packaging, flushing with inert gases, active packaging, gas packaging and modified atmosphere packaging. Vacuum bakery packaging market size has gained popularity in recent years due to its sealing properties which protects food products from oxygen and moisture.
Modified atmosphere packaging is one of the most preferred techniques for packaging as it increases food products shelf-life by controlling the color, odour & taste, slowing the aging process and preventing anaerobic organism’s growth on bakery products. Overall, these innovative packaging methods help in preserving texture and nutrient contents and prevents food products from being dry and stale.
Asia Pacific shall witness rapid growth in the bakery packaging market size in the coming years owing to the changing consumption habits and rising demand for single serve packs for biscuits, confectionary, breakfast cereals and frozen food products. The markets in Middle East and Africa are anticipated to show sluggish growth due to the developing food & beverage industry in this region.
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The prominent market share contributors operational in bakery packaging market are Mondi Group, Amcor, Reynolds Group (Pactiv), Crown Holdings Inc., Rock-Tenn Company, Smurfit Kappa and Bemis. Other companies include Benson Box, Brow Packaging, Unger, Genpak, NAPCO, Wipak, WestRock and Sydney Packaging. Companies are constantly adding products to its product portfolio for retention of existing customers and new customers acquisition.
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