Eco-friendly Food Packaging Market 2020-2025: Amcor, Mondi Group, Sealed Air Corporation, Ball Corporation, Tetra Pak, Crown Holdings Inc, BASF, Huhtamaki Oyj, Westrock, Smurfit Kappa, Sonoco Products Company and Others.
The Global Eco-Friendly Food Packaging Market is estimated to be valued at USD 174.7 Billion in 2020 and is projected to reach USD 249.5 Billion by 2025, recording a CAGR of 7.4%, in terms of value. This report spread across 243 pages, profiling 20 companies and supported with 133 tables and 46 figures are now available in this research.
Top Companies Profiled in the Eco-friendly Food Packaging Market:
o Amcor (Australia)
o Mondi Group (Austria)
o Sealed Air Corporation (US)
o Ball Corporation (US)
o Tetra Pak (Sweden)
o Crown Holdings Inc. (US)
o BASF (Germanys)
o Huhtamaki Oyj (Finland)
o Westrock (US)
o Smurfit Kappa (Ireland)
o Sonoco Products Company (US)
o Evergreen packaging (US)
o Elopak (Norway)
o Winpak Ltd. (Canada)
o Berry Global (US)
o Printpak (US)
o Paperfoam (The Netherlands)
o Sustainable Packaging Industries (US)
o GWP (England)
o Swedbrand Groups (Hong Kong)
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"By material, the paper & paperboard segment accounted for the largest share in 2019."
The paper & paperboard segment accounted for a major share in the global eco-friendly food packaging market in 2019. Packaging differs for the type of foods and beverages served. Paper & paper boards are the most preferred packaging in the food & beverage industry due to their degradable nature and recyclable property. Ready-to-eat, on-the-go, and frozen & fresh foods are nowadays served and transported in the paperboard packaging, which is due to the rise in environmental hazards.
"By application, the food segment is estimated to account for the largest share."
Based on application, the eco-friendly food packaging market is segmented into food and beverages others . The food segment is further sub-segmented into bakery & confectionery, convenience food, meat, fish & poultry, fruits & vegetables, dairy products, and other food products. Furthermore, the beverages segment is further sub-segmented into alcoholic and non-alcoholic beverages segments. The food segment accounted for the larger share in 2019, acquiring approximately 70% of the overall market. Consumers seek convenience food solutions due to lack of time.
"Europe accounted for the largest share in the eco-friendly food packaging market due to the strict government regulations and stringent policies regarding eco-friendly packaging."
The European eco-friendly packaging market is more regulated as compared to the North American region. The European Association of Plastics Recycling and Recovery Organization (EPRO) is promoting and organizing recycling and recovering plastics across Europe. Various other organizations are also working constantly to manufacture eco-friendly packaging products by using recyclable and reusable materials. European government is taking measures and forming strategies to increase the use of edible packaging products in the food and beverage industry. Extending the shelf life of products is a major concern for manufacturers. Companies in Europe are developing edible films and coatings for fresh fruits and vegetables.
Breakdown of primary participants' profile:
o By Value Chain: Manufacturers - 30.0% and Suppliers - 70.0%
o By Designation: CXOs-44.0%,Managers-33.7%, and Executives-22.3%
o By Region:US-60.0%, UK-20.0%,India -10.0%,and China-10.0%
Competitive Landscape of Eco-friendly Food Packaging Market:
2 Competitive Leadership Mapping
2.1 Dynamic Differentiators
2.3 Visionary Leaders
2.4 Emerging Companies
3 Strength Of Product Portfolio
4 Business Strategy Excellence
5 Competitive Scenario
5.1 New Product Launches
5.2 Mergers & Acquisitions
5.4 Collaborations & Joint Ventures
5.5 Partnerships & Agreements
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This report segments the eco-friendly food packaging market, on the basis of material, application, type, technique, and region. In terms of insights, this research report focuses on various levels of analyses--competitive landscape, pricing insights, end-use analysis, and company profiles--which together comprise and discuss the basic views on the emerging & high-growth segments of the eco-friendly food packaging market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.
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