PUBLISHER: TechNavio | PRODUCT CODE: 1253514
PUBLISHER: TechNavio | PRODUCT CODE: 1253514
Technavio has been monitoring the food packaging market and is forecast to grow by $79.41 bn during 2022-2027, accelerating at a CAGR of 4.32% during the forecast period. Our report on the food packaging market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the prevention of food counterfeiting, the need to avoid food wastage, and the growing demand for convenient packaging and processed food.
Technavio's food packaging market is segmented as below:
By Product
By Application
By Geographical Landscape
This study identifies the growing sales of food products on e-commerce platforms as one of the prime reasons driving the food packaging market growth during the next few years. Also, the adoption of sustainable packaging and smart packaging solutions by vendors will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the food packaging market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food packaging market vendors that include Amcor Plc, Ardagh Group SA, Ball Corp., Berry Global Inc., BWAY Corp., CANPACK SA, COFCO Corp., DS Smith Plc, International Paper Co., Kian Joo Can Factory Bhd, Metal Packaging Europe, O I Glass Inc., Orora Ltd., Sealed Air Corp., Silgan Holdings Inc., Tata Steel Ltd., Tetra Laval S.A., Toyo Seikan Group Holdings Ltd., Crown Holdings Inc., and Huhtamaki Oyj. Also, the food packaging market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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