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Bakery Packaging Market: Rapid Urbanization and Hectic Lifestyles Drive Demand
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Packaging plays a crucial role in attracting consumers towards a product offered by the manufacturer. Vendors in the bakery packaging market compete primarily on the basis of innovative design. The market is also seeing the introduction of new packaging materials with improved antimicrobial, mechanical, and barrier properties. Innovation of new flavors and strong ingredients are expected to increase the sales of bakery products, which is likely to get translated into increased sales revenue for the bakery packaging market.
Increase in the demand for bakery products is attributed to various factors such as hectic lifestyles, urbanization, and increasing shelf life of ready-to-eat foods. Vendors are increasingly adopting various forms of packaging as they help enhance product shelf life without any additional cost. These innovative packaging techniques help preserve the nutrient content and texture of the products. Most manufacturers of bakery products tend to adopt luxury packaging, especially during the festive seasons, as luxury packaging attracts customers toward various products.
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The global bakery packaging market can be segmented on the basis of product type into cakes, breads, biscuits, pastries, frozen bakery, frozen desserts, and breakfast cereals. The bakery packaging market can be categorized into flexibles, metal, and rigid plastic on the basis of type of material. Modified atmosphere packaging, gas packaging, active packaging, vacuum packaging, and flushing with inert gas are the segments on the basis of packaging technique.
Geographically, the global bakery packaging market can be classified into five key regions: Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Among all these regions, North America is expected to lead the global bakery packaging market during the forecast period. Developing economies such as China and India in Asia Pacific are expected to witness increased sales of bakery products. On the other hand, the market in the Middle East and Africa is likely to grow slowly during the forecast period.
The report serves as a repository of information for every facet of the market. The information featured in the report has been derived using proven research methodologies. The report covers market growth prospects over the coming years.
The leading players present in the global bakery packaging market include Bemis Company Inc., Brow Packaging, Amcor Limited, Genpak LLC., WestRock, Smurfit Kappa Group, Sydney Packaging, Benson Box, Mondi, NAPCO, and Reynolds Group Holdings.
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