Food Grade Packaging Market Scope
Food grade packaging provides protection, and tampering resistance, as well as takes care of special physical, chemical, or biological needs. Now, it also provides a nutrition facts label and gives other information about food being offered in the market. The food grade packaging market is possibly the major application segment of the packaging sector. Increasing demand for convenience food in developing economies is one key factor that boosts the market growth. Recently packaging is coming up with various trends, such as modular design, reusable box, vintage style, and all. It is referred to as the most integral part of many industries. Such packaging creates various opportunities for brands and propels the market during the forecast period. Sustainable packaging continues to dominate across the foodservice.
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|Key Companies Profiled||Harpak-Ulma Packaging LLC (United States), Bemis Company, Inc. (United States), Amcor Limited (Australia), Sealed Air Corp. (United States), Nuconic Packaging LLC (United States), Tetra Pak International S.A. (Switzerland), Crown Holdings, Inc. (United States), Ball Corporation (United States), Owens-Illinois Inc. (United States) and Rock-Tenn Company (United States)|
Global Food Grade Packaging is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Harpak-Ulma Packaging LLC (United States), Bemis Company, Inc. (United States), Amcor Limited (Australia), Sealed Air Corp. (United States), Nuconic Packaging LLC (United States), Tetra Pak International S.A. (Switzerland), Crown Holdings, Inc. (United States), Ball Corporation (United States), Owens-Illinois Inc. (United States) and Rock-Tenn Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Berry Global, Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Food Grade Packaging market by Type (Rigid Packaging, Flexible Packaging and Semi-Rigid Packaging), by Application (Dairy, Convenience Foods, Sauces, Dressings & Condiments and Others) and Region with country level break-up.On the basis of application, segment is dominating the market in the year 2021
On the basis of geography, the market of Food Grade Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
In Aug 2020, Harpak-ULMA announced to launch of its new sustainable food packaging technology. This technology named PaperSeal promotes green packaging alternatives and low use of plastic across the food industry. Through this initiative, the company aims to enhance its footprint across the globe.
The United States (FDA) Food and Drug Administration regulates the packaging & labeling of food. The intent of these regulations is to improve the safety of food distributed throughout the United States & keep consumers informed regarding the food they're consuming. New regulations about contamination of foods proposed by the government authorities for food & safety in the United States, Europe as well as other key economies are expected to have a positive impact on the market in coming years.
- Increasing Preference for eco-Friendly Food Packaging Techniques
- Growing Authentically Vintage Inspired Design and Hyper-Simplistic Geometry Shape in Packaging
- Growing Demand for Convenience Food and Beverages Products
- Extension of Food Shelf-Life Speeding the Demand for Food Grade Packaging
- Advancements in Packaging Technology
- Growing investments in the food processing industry globally
- Concerns Related to the Damaging Effects of Packaging Materials
- Fluctuations in the Raw Material Prices and Environmental Issues Caused Due to Material like Plastic Packaging
- Stringent Government Regulations on the Food Grade Packaging
Key Target AudienceFood Grade Packaging Manufacturers, Food Grade Packaging Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Food Grade Packaging Market?
The Food Grade Packaging study can be customized to meet your requirements. The market size breakdown by type [Rigid Packaging, Flexible Packaging and Semi-Rigid Packaging], by end use application [Dairy, Convenience Foods, Sauces, Dressings & Condiments and Others].
2. How big is the Food Grade Packaging Market?
The Food Grade Packaging Market is gaining popularity and expected to see strong valuation by 2027.