Food Packaging Market 2021 Global Insights, Trends and Huge Business Opportunities– Amcor, Sealed Air, Ball Corporation, Crown Holdings, Owens Illinois, Tetra Pak International, Rock-Tenn Company

Food Packaging Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Food Packaging market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

The global food packaging market size is expected to reach USD 392.30 billion by 2026, expanding at a CAGR of 4.9% over the forecast period.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Food Packaging Market: Amcor, Sealed Air, Ball Corporation, Crown Holdings, Owens Illinois, Tetra Pak International, Rock-Tenn Company and others.

Industry News and Updates:

Amcor Introduces Designed-to-Be-Recycled Food Packaging in Colombia

May 25, 2021: Amcor has expanded the reach of its designed-to-be-recycled packaging with the introduction of a high-barrier plastic sachet for powdered chocolate in Colombia. The company claims the 25-gram sachet, which launched in May 2021, is the first of its kind in Latin America.

When it is recycled, the sachet reduces carbon footprint by 53% and water consumption by 84%, compared with the packaging it replaces. In addition to its sustainability attributes, the high-barrier package protects the powdered chocolate against ambient humidity.

Sealed Air develops ‘game changing’ thermoforming film

13 May 2021: Designed to help food processors improve efficiencies and sustainability, Sealed Air said the new CRYOVAC brand LID830R is thin, high abuse resistance, anti-fog top lid film that can reduce packaging weight by up to 50%, when compared to widely used laminates.

The thermoforming film is 33 microns thick, whilst typically used laminates range from 60 to 100 microns in thickness.

The thinner, lighter LID830R means that more material per square metre can be wound onto rolls. Stephanie Poole, senior BDM & retail manager, food packaging at Sealed Air, said this helps to increase production uptime through fewer changeover of rolls and reduces packaging storage and transportation requirements.

Global Food Packaging Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Paper & Board
Plastic
Glass
Metal

On the basis of Application, the market is segmented into:

Liquid Food
Solid Food

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Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Food Packaging market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Food Packaging market deployed in the region. While an important piece of the Food Packaging market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Food Packaging market: Where are the opportunities? What does the future look like for Food Packaging? What will be the market size in the next 5 years?
Food Packaging Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Food Packaging market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Food Packaging market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

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