Global Food Packaging Market to reach USD 329.88 billion by 2021

The Global Food Packaging Market was worth USD 271.14 billion in 2016 and estimated to be growing at a CAGR of 4.00%, to reach USD 329.88 billion by 2021.

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The gaining importance of this market can be attributed to increased demand for processed and packaged food and visual appeal of packaged food and convenience for use.

The food industry is largest industry globally and plays a vital role in the economy of a country. Food products have to be packaged in a robust manner to avoid spoilage due to micro-organisms. Food packaging ensures the extension of shelf life of the products within highly sterile environments that restricts the growth of the microorganisms that are responsible for the decay and spoilage of food products.

The main drivers for the progress of this market are increase in demand for processed and packaged food to adapt to the rapid changing lifestyle in developing countries and developed countries and shifting population dynamics to urban areas, increasing consumer awareness regarding the current environmental concerns and gradual alteration of buying habits. However the environmental concerns regarding the poor bio-degradability of plastics can hinder the growth of this market. Additionally, technological improvements in the synthesis of these packaging materials improves the growing potential of this market

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The Global market for Food Packaging is broadly categorized into Material, Type and Application. Based on Material – Paper and Board, Metal, Rigid Plastic, Flexible Plastic, Glass and Others. Based on Type – Rigid, Semi-rigid and Flexible. Based on Application – Bakery, Confectionary, Convenience Foods, Dairy Products, Fruits and Vegetables, Sauces, dressing and condiments and Others. Based on geographical analysis the market is categorized into regions of North America, Asia Pacific, Europe, Latin America and Middle East and Africa. Asia Pacific is leading this market with highest share and Europe is second. Asia Pacific is also the fastest growing region due to its growing urban population and rapid lifestyle changes in developing countries.

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Market Segmentation
• Material
• Introduction
• Paper and Board
• Metal
• Rigid Plastic
• Flexible Plastic
• Glass
• Others
• Y-o-Y Growth Analysis, By Material
• Market Attractiveness Analysis, By Material
• Market Share Analysis, By Material

Type
• Introduction
• Rigid
• Semi Rigid
• Flexible
• Y-o-Y Growth Analysis, By Type
• Market Attractiveness Analysis, By

Application
• Introduction
• Bakery
• Confectionary
• Convenience Foods
• Diary Products
• Fruits and Vegetables
• Sauces, dressings and condiments
• Other Applications
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application

The scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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