Food Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023

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Food Packaging Market - Global USD 4315.5

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REPORT DESCRIPTION

Food packaging market is by far the largest application segment of the packaging industry, accounting for more than one-third

of the global packaging market. From a global perspective, the food packaging market is at a very interesting situation, where

the market has almost reached a plateau in terms of technology in the more developed nations in North America and Europe,

while the emerging countries of Asia Pacific region are playing catch up to the packaging technologies and food supply chain

management. Different types of food products require varied packaging types according to their individual usage and

perishability.

The sea change in food habits and preference for processed food has propelled the food packaging market in the past. The

market for packaged food has already reached a holistic level in North America and Western Europe, while rapid lifestyle

changes and economic growth, coupled with rising population in Asia Pacific countries such as China and India, has spiked the

growth rate of food packaging in the region. The growth rate in South America and the Middle East is also on the higher side

compared to the developed economies. The main reason for increasing preference for processed food is the shifting population

dynamics towards urban centers from rural areas. This has resulted in the advent of dual income urban families, who prefer

processed food...