What is Food PackagingMarket?
Food packaging is the packaging for food, which provides protection, tampering resistance, as well as take care of special physical, chemical, or biological needs. Nowadays, it also provides a nutrition facts label as well as give other information about food being offered in the market. It helps in the containment, handling as well as delivery of a food product to the end-consumer. Various materials used for packaging includes glass, cardboard, plastic, paper, metal and wood. Food packaging market is possibly the major application segment of the packaging sector. Visual appeal coupled with convenience are the driving aspects for growth of the food packaging market. Increasing demand for convenience food in developing economies is one key factor which propels the market growth. With adoption of new technology and supply chain around the globe, the global food packaging market is likely to grow over the coming years.
Increasing preference to eco-friendly food packaging techniques
Growing demand for convenience food and beverages products, Increasing Demand for Convenience Foods in Developing Economies, Extension of food Shelf-Life Speeding the Demand for Food Packaging and Shrinking Household
Advancements in Packaging Technology and Growing investments in food processing industry globally
The Vendors Covered in the Study are:
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), Rock-Tenn Company (United States) and Berry Global, Inc. (United States)
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 during coming years.
List of players that can be included in the study on immediate basis are American Packaging Corporation (United States), The Smurfit Kappa Group plc (Republic of Ireland) and Rexam PLC (United Kingdom).