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Food Packaging Market to Grow US$ 464.98 Billion by 2027

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The global Food Packaging market size is expected to surpass around US$ 464.98 billion by 2027 and the market is expected to garner growth at a CAGR of 5.4% over the forecast period 2021 to 2027.

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Growth Factors

The food packaging market is projected to exhibit prominent growth over the analysis period with the advent of various production facilities having an objective of catching up with the latest trends in the market. In addition, rapid changes in the lifestyle of the people along with shifting food preferences of consumers towards packaged food expected to drive the market growth over the forecast period. Further, increasing preference of people for processed food owing to shift in population dynamics from rural to urban areas also propels the growth of the food packaging market.

The market is further driven by numerous factors that include shifting consumer preference towards processed & specialty food, adoption of various marketing strategies by key players in the industry, advancement in materials used for food packaging, rising demand for food packaging materials along with increasing awareness of consumers towards the necessity of good quality food packaging especially in developing countries. Introduction to various technologies for manufacturing processed food products’ packaging solutions as well as introduction of different types of packaging solutions for food packaging further fuel the growth of the market.

Market Report Scope

Report Highlights Details
Market Size USD 464.98 Billion by 2027
Growth Rate CAGR of 5.4%% from 2021 to 2027
Largest Market APAC
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Food Packaging market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Food Packaging market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Food Packaging. The study also provides the dynamics that are responsible for influencing the future status of the Food Packaging market over the forecast period.

A detailed assessment of the Food Packaging market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Food Packaging market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific estimated to be the dominant market, followed by North America and Europe, accounting for around 40% of the total value share in the year 2019
  • High consumption of packaged food by consumers, thriving retail sector, and presence of numerous manufacturers are the key factors projected to propel the market growth in North America
  • The paper and paper-based material segment led the global market and accounted for a value share of nearly 32% in 2019 due to its high adoption in a bid to substitute non-biodegradable packing solutions
  • Plastic food packaging anticipated to witness considerable growth owing to its increasing adoption because of its low price along with rising usage of plastic films in secondary food packaging
  • Based on type, rigid packaging is increasingly used due to its properties that include high barrier to moisture, light, and oxygen that prevents food from getting contaminated
  • Flexible packaging expected to be the fastest growing segment by type owing to its ability to form lighter, thinner, and compact packing solution
  • Bakery and confectionery products generally require high moisture barrier packaging so as to extend their shelf life that contribute prominently towards the growth of the application
  • Increasing consumer inclination toward dairy products in smaller packs owing to shrinking households anticipated to augment the market growth for dairy products

Regional Snapshots

The Asia Pacific expected to lead the global food packaging market followed by North America and Europe. Besides this, the region has reached its maturity stage that is projected to subsidize the growth of the region in food packaging market. India and China are predicted to be the most lucrative regions among other Asian countries and analyzed to dominate the market during the forecast period. This is mainly due to an increase in demand for healthy food fueled by the escalating growth in population.

Moreover, increasing demand for packaged food due to positive impact of western culture in eating habits along with technological development and innovation in packaging material together with techniques anticipated to propel the overall market growth in the coming years. Also, an increase in Foreign Direct Investments (FDI) in the food industry along with significant consumption of packaged food among consumers expected to further drive the growth of the market.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Berry Plastics Group
  • Amcor Plc
  • Sigma Plastics Group
  • Sealed Air Corporation
  • DS Smith PLC
  • American Eagle Packaging
  • Ball Corporation
  • Crown Holdings, Inc.
  • Huhtamaki Oyj.
  • Ardagh Group

Segments Covered in the Report

By Material

  • Plastics
  • Paper & Paper-based
  • Glass
  • Metal
  • Others

By Type

  • Semi-rigid
  • Rigid
  • Flexible

By Application

  • Dairy Products
  • Bakery & Confectionary
  • Fruits & Vegetables
  • Sauces & Dressings
  • Meat, Poultry, & Seafood
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Food Packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Food Packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Type Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Food Packaging Market, By Material

7.1. Food Packaging Market, by Material Type, 2020-2027
7.1.1. Plastics
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Paper & Paper-based
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Glass
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Metal
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Others
7.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Food Packaging Market, By Application

8.1. Food Packaging Market, by Application, 2020-2027
8.1.1. Dairy Products
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Bakery & Confectionary
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Fruits & Vegetables
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Sauces & Dressings
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Meat, Poultry, & Seafood
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Food Packaging Market, By Type

9.1. Food Packaging Market, by Type, 2020-2027
9.1.1. Semi-rigid
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Rigid
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Flexible
9.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Food Packaging Market, Regional Estimates and Trend Forecast

10.1. North America
10.1.1. Market Revenue and Forecast, by Material (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Type (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Type (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Material (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Type (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Type (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Material (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Type (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Type (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Material (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Type (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Type (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Material (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Type (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Material (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Type (2016-2027)

Chapter 11. Company Profiles

11.1. Berry Plastics Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Amcor Plc
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Sigma Plastics Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Sealed Air Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. DS Smith PLC
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. American Eagle Packaging
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Ball Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Crown Holdings, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Huhtamaki Oyj.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Ardagh Group
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

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I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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