Food Beverage Packaging Market Analysis, Top Companies, Scope, Demand, Opportunity Till 2021

Food and beverage packaging provides protection, resistance to tampering and special physical, chemical or biological requirements for food and beverages. In addition, food packaging helps in food nutrition, fast and reliable distribution of food along the value chain and reduces post-harvest losses. The different types of packaging materials used in the food and beverage industry are rigid plastic containers, flexible plastic containers, cardboard containers, leather containers, wooden containers, dishware containers, vegetable and textile fiber containers, metal , beverage cans, aerosol cans and glass.

The main application of these packaging materials in the beverage industry is in beer containers, carbonated soft drink (CSD) containers, energy drink containers, ready-to-drink iced tea containers and alcoholic beverage containers. It is often noted that a single product may require more than one type of packaging.

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Food and beverage packaging is done with various technologies such as shrink, shrink, modified atmosphere packaging, sealed tray food packaging, flow-wrap / flap sealing, vertical bagging, filling and sealing (VFFS), folding cardboard and corrugated cardboard packaging of boxes and trays. There has been a growing demand for convenience foods, including microwaved meals for consumers with limited time. The growing market demand for tea, bottled water and carbonated soft drinks (CSDs) is driving the beverage packaging market around the world. North America is the largest market followed by Asia Pacific and Europe. The Asia Pacific growth rate in food and beverage packaging is the highest and is expected to grow even higher across the region, due to infrastructure growth and increased consumer purchasing power in this region. Consumer preference for convenience and low prices for large family packs at CSD are driving strong growth for plastic bottles. The packaging requirements of the alcoholic beverages market are driving the glass bottle packaging market. Furthermore, the growing consumer interest in premium and low ABV craft beers offers new opportunities for glass containers in the mature North American and European market.

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Some of the other major drivers of the industry include the increased need for convenience among consumers, increased health awareness among consumers, the development of new packaging materials, the development of infrastructure for the recycling of packaging materials, the improvement of 'packaging and branding and development in the retail sector in the Asia-Pacific region. . Asia Pacific is the largest producer of agricultural foods such as grains, roots, tubers, oilseeds and legumes, nuts, fruits and vegetables. It also produces animal products and fish in large quantities. This offers a great investment opportunity for the packaging industry in this region. The rising cost of raw materials represents a great challenge for the industry. The recent consolidation of the food and beverage industry has further increased the demand for food and beverage packaging globally. Some of the major players operating in the food and beverage packaging market include Tera Pak, Ball Corporation, PARKSONS Packaging Limited; CROWN PACKAGING CORP., Amcor Limited, Ampac Holdings, LLC, Bischof + Klein GMBH & CO.KG, Cellpack Packaging, Britton Group, Clondalkin Group, Bemis Company, Inc., Constantia Flexibles International GmbH, Flextrus AB, Huhtamaki Oyj, Mondi plc, Sealed Air Corporation, Sonoco Products Company, Ukrplastic and Wipak Group.

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