DUBLIN--(BUSINESS WIRE)--The "Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global food packaging market reached a value of approximately US$ 273.9 Billion in 2017.
A rapid change in the food preferences of the consumers coupled with expanding food retail sector worldwide is one of the major factors catalysing the growth of the global food packaging market. In addition, surging working population, rising disposable incomes and hectic lifestyles have led to the trend of a rising consumption of fast food and ready-to-eat products.
This has further widened the growth prospects of the global food packaging market. Some of the other factors that have been proactive in maintaining the demand for food packaging are population growth, eco-friendly food packaging and a strong demand from emerging markets.
Looking forward, the market value is projected to exceed US$ 356.7 Billion by 2023, expanding at a CAGR of 4.5% during 2018-2023.
- Based on type, the market has been segmented as flexible packaging, paper & paperboard packaging, rigid plastic packaging, glass packaging, metal packaging and others. Currently, flexible packaging dominates the market holding the largest share.
- Based on application, the food packaging market is segmented as bakery, confectionery, pasta, & noodles; dairy products; daily meals; sauces, dressings, & condiments; snacks & side dishes; convenience foods; meat, fish, & poultry; fruits & vegetables, and others.
The competitive landscape of the market has also been examined with some of the key players being Amcor, Crown Holdings, Owens-Illinois, Bemis, Tetra Pak, Ball and American Packaging Corporation.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Food Packaging Market
6 Market Breakup by Packaging Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/zvkf92/350_billion?w=4