Food Packaging Market Estimated to Exceed US 372.8 Billion Globally By 2024: IMARC Group

1. Global Food Packaging Market Report, Share, Size, Trends, Growth and Forecast Till 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

2. About IMARC Group Report Description IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Food Packaging Market Report By Packaging Type (Flexible Packaging, Paper & Paperboard Packaging, Rigid Plastic Packaging, Glass Packaging, Metal Packaging and Others), Application (Bakery, Confectionery, Dairy Products, Sauces, Dressings, and Condiments, Snacks and Side Dishes, Convenience Foods, Meat, Fish, and Poultry, Fruits and Vegetables and Others), , Region The global food packaging market has witnessed a stable growth over the past few years. The market is being driven by R&D activities by the manufacturers coupled with rising popularity of single-serve packaging which complements on-the-go consumption. Market Overview: The recently published report by IMARC Group, titled “Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global food packaging market reached a value of US$ 289.5 Billion in 2018. Food packaging represents the largest segment of the global packaging industry. This type of packaging helps in the containment, handling and delivery of a food product to the end-consumer. Food packaging is generally made from glass, plastic, paper, cardboard, metal and wood, and plays a key role in protecting the food items from outside influences and damage. Nowadays, food packaging also provides the consumers with detailed nutritional and ingredient information; offers improved traceability, convenience and tamper indication; and carries promotional items such as gifts, additional products and coupons.

4. Report Description and Highlights Report Description Global Food Packaging Market Trends: The major factor facilitating the growth of the food packaging market is the inflating demand for specialty and packaged foods. The increasing number of dual income households has shifted the eating habits from traditional meals to snacks and frozen meals. Moreover, rural to urban migration, hectic lifestyles and time constraints have resulted in the rising popularity of single-serve packs which complement on-the-go consumption. In addition, the manufacturers are investing in R&D activities so as to improve the shelf-life of the food products along with the barrier property and safety of packaging by using high performance and anti-microbial materials. Apart from this, the demand for sustainable and eco-friendly packaging has also witnessed a surge in recent years on account of rising consciousness among the consumers regarding global warming and environmental pollution. Some of the other factors driving the market growth include emerging online food retail and production facility expansions by the manufacturers. Looking forward, the global food packaging market is projected to reach US$ 372.8 Billion by 2024, expanding at a CAGR of 4.3% during 2019-2024. Food Packaging Market Segmentation: Market Segmentation by Packaging Type Request for a sample report: https://www.imarcgroup.com/food-packaging-market/requestsample

5. Market Forecast Sample Figure: Global: Food Packaging Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Flexible Packaging • Paper and Paperboard Packaging • Rigid Plastic Packaging • Glass Packaging • Metal Packaging • Others • On the basis of type, flexible packaging currently leads the global food packaging market as it offers better protection against air, moisture and light. Other types of food packaging are paper and paperboard, rigid plastic, glass and metal. • Market Segmentation by Application • Bakery, Confectionery, Pasta, and Noodles • Dairy Products • Sauces, Dressings, and Condiments • Snacks and Side Dishes • Convenience Foods • Meat, Fish, and Poultry • For more information, click here: https://www.imarcgroup.com/food-packaging-market

7. Market Segmentation Report Description • Fruits and Vegetables • Others • Based on application, the major segments include dairy products; bakery, confectionery, pasta, and noodles; snacks and side dishes; sauces, dressings, and condiments; meat, fish, and poultry; convenience foods; fruits and vegetables; and others. Amongst these, the bakery, confectionery, pasta, and noodles segment dominates the market. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, North America represents the largest food packaging market globally on account of the well-established food processing industry in the region. Other major regions include Europe, Latin America, Asia Pacific, and Middle East and Africa.

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players. • Amcor • Crown Holdings • Owens-Illinois • Bemis • Tetra Pak • American Packaging Corporation • Ball • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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11. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

12. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

13. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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