Global Bakery Packaging Market Overview:
The increasing shelf-life of food products owing to the extensive use of modified atmosphere packaging will be one of the primary factors leading to the growth of this market over the forecast period. The emergence of multipacks and small-sized packs is one of the recent trends in the market. Benefits such as its convenience of storage, affordable prices, and availability of portion controlled sizes are some of the factors that will lead to the increasing demand for these products over the following years. Bakery packaging market is competitive due to the presence of well-diversified international, regional and local players. However, some big international players dominate the market share owing to their brand image and market reach. With high market growth rate and increase in demand, this sector is attracting more players resulting in an enhanced competitive rivalry within the industry. Some of the key players profiled in the study are Amcor plc (Australia), Bemis Company, Inc. (United States), Smurfit Kappa Group plc (Ireland), Mondi Group (Austria), Hotpack Global (United Kingdom), Portco Packaging (United States), LINDAR Corporation (United States), Crown Holdings Inc. (Pennsylvania), Brown Packaging (United Kingdom), Genpak, LLC (United States) and Wipak Oy (Finland).
On the basis of geography, the market of Bakery Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Packaging, the sub-segment i.e. PVC Trays will boost the Bakery Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polypropylene (PP) will boost the Bakery Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Consumption of Bakery Products in Emerging Economies
- Increasing Demand for Ready to Eat Bakery Products
- Increasing Consumption of Bread and Biscuits among the Bakery Products
- The emergence of Multipacksin Bakery Products
- Environmental Problems Associated with Bakery Packaging
- Stringent Food Packaging Guidelines Might Hinder the Market Growth
- Improving Sustainability of Bakery Packaging
- Introducing New and Innovative Designs with appropriate labeling
- Lack of Sustainability in Bakery Packaging
- Increasing Competition Due to the Emergence of Many Local Players in the Bakery Packaging market
"The FDA aims to follow these policies by requiring all food packaging clearances to include and Environmental Assessment (EA) followed by a Finding of No Significant Impact (FONSI). Food packaging must receive full clearance by the FDA in terms of environmental impact. The FDA mainly looks at the way packaging materials are used and disposed of in terms of their environmental impact. In particular, they look closely at the recyclability of the packaging being used. In order to gain approval for materials in packaging that are not easily recycled, a company must present reasonable evidence for why their product requires something specific. Should the company fail to provide reasonable evidence, the FDA will require them to redesign their packaging using more eco-friendly materials due to NEPA policies."
Target Audience:Bakery Packaging Manufacturers, Bakery Packaging International Traders, Bakery Packaging Distributors and Suppliers, Research and Development, Regulatory Bodies, Potential Investors and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Bakery Packaging market on the basis of product [Flexibles, Rigid Plastic, Metal and Others] , application [Bread, Cakes, Pastries, Biscuits, Breakfast Cereals, Frozen Bakery and Frozen Desserts], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Bakery Packaging market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Bakery Packaging industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Bakery Packaging market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.