Food packaging market
is arguably the biggest application segment of the packaging sector and
accounts for over one-third of the total global packaging market. From
an international perspective, the market for food packaging is at an
intriguing stage where the market has reached at a stagnant point the
developed nations while evolving nations are fast catching up to the
newer technologies and supply chain management.
Good food packaging offers protection and
can improve the shelf-life of products which consequently attracts more
number of customers. The market for food packaging is expected to grow
in the coming years as numerous production facilities are being set up
to catch up with the latest trends coming up in the market. Also, world
is experiencing rapid changes in lifestyle and food preferences that are
coupled with growing population and economic growth of the respective
region. All these factors have been influential in shaping up the global
food packaging market. In addition to this, people are preferring
processed food as result of shifting population dynamics from rural to
urban areas.
With rising awareness about environmental
pollution and global warming, more people are not preferring to use
eco-friendly food packaging techniques. This has created a significant
impact on the growth of the global food packaging market. Moreover,
rising disposable incomes of the people around the world, growing demand
for ready-to-eat food, and rising awareness about the packaged food
among the customers complement the development of the global food
packaging market.
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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.