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May 20, 2020 3:29 PM ET

Food Packaging Market Growth Dynamics in 2020 Created by Coronavirus Outbreak | Fortune Business Insights™

iCrowd Newswire - May 20, 2020

Food Packaging Market Size, Share & Industry Analysis, By Materials, By Product (Rigid, Semi-Rigid, and Flexible) By Application (Fruits & Vegetables, Bakery & Confectionery, Dairy Products, Meat, Poultry & Seafood, Sauces, Dressings and Condiments, and Others), and Regional Forecast, 2019-2026

The GlobalFood Packaging MarketSizeto touchUSD 606.3 billionby 2026, exhibiting aCAGR of 5.6%during the forecast period. the value of this market stood at USD 393.6 billion in 2018.


Food Packaging Market Information by Size, Share and Industry Analysis, By Materials (Glass, Metal, Paper and Paperboard, Wood, and Plastics {Polypropylene, Polyethylene, PET, and Others}), By Product (Rigid, Semi-Rigid, and Flexible) By Application (Fruits and Vegetables, Bakery and Confectionery, Dairy Products, Meat, Poultry and Seafood, Sauces, Dressings and Condiments, and Others), and Regional Forecast, 2019-2026


List of Top Players Covered in the Food Packaging Market Report:













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Food Packaging Market Drivers and Restraints


Rising demand and consumption of natural foodstuffs will be the prime factor driving the growth of this market in the approaching decade. Natural foods have a high comparative advantage over their processed counterparts.


As per the recent report published by Fortune Business Insights™, titled ” For instance, the Natural Institutes of Health recommend increasing the intake of eggs and liver as they are rich in choline, a substance vital for the healthy functioning of the brain. Further, fruits contain natural sugars that are essential for the body and do not put one at risk of diabetes and obesity, unlike artificial sugars contained in processed foods. Owing to these benefits, there is a growing inclination towards naturally available food items, which is being fueled even more by an increasingly sedentary lifestyle, high pollution levels, and lack of exercise.


Key Industry Developments:





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Increasing Popularity of Active Packaging Mechanisms to Fuel the Market


Active packaging has emerged as an innovative solution for improving efficiency of food packaging. This technique prolongs the shelf-life of foodstuffs whilst maintaining their quality, making it one of the leading Food Packaging Market trends during the forecast period. Active packaging systems involve two methods for preserving the quality of packaged food: active scavenging (absorption) and active releasing (emission) methods. The scavenging system allows for the elimination of unnecessary and undesirable compounds and elements from the packaged food item. The releasing system adds beneficial compounds such as antioxidants and carbon dioxide into the food item, maintaining its freshness. These advantages will bode well for the market, according to the Food Packaging Market research.


Asia-Pacificto Hold Largest Share;Europeto Experience Considerable Growth


Although the market size inNorth Americastood atUSD 109.7 billionin 2018,Asia-Pacificis anticipated to dominate the Food Packaging Market share in the forthcoming years. This can be attributable to the increasing urban population and a high rate of development of retail infrastructure, which has heightened the demand for packed foods. The region is also witnessing a steady rise in the demand for eco-friendly packaging solutions and owing to growing disposable income.


Europeis set to experience a high growth period on account of substantially high incomes in the region along with increasing demand for packaged food from western European countries. InNorth America, the market will be driven by the mushrooming number of fast food outlets and growing health consciousness among Americans. High demand for canned food will propel the market inLatin America, while the market in theMiddle EastandAfricawill grow as a result of increasing demand for dairy and meat products.


The trend in Philipines Country:MetroManila, Davao Region, Central Luzon, Calabarzon, Central Visayas, Bicol, Cordillera Administrative Region, Cagayan Valley, Caraga, Ilocos Region, MIMAROPA, Zamboanga Peninsula, Region XII, Eastern Visayas, Northern Mindanao, Western Visayas, Autonomous Region in Muslim Mindanao and more


To gain more insights into the market with a detailed table of content and figures, Click Here:


Innovative Product Offerings to Stimulate Competitive Spirits of Players


According to the Food Packaging Market analysis, major players in this market are implementing measures such as increased RandD spending and the launch of novel products, to strengthen their presence.


The report additionally provides the following information:








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