Published By : 05 Feb 2016 | Published By : QYRESEARCH
The global food packaging market is extremely important to the overall food industry has it works relentlessly to solve problems of storing food, increasing their shelf life, and increasing the sales of the products with innovative packaging solutions. In recent years, the improved food packaging ideas have not only elongated the expiry dates of the food products, but also added to their safety and quality. Some of the key players making a huge revolution in the world of food packaging are Bemis Company, Inc., American Packaging Corporation, Crown Holdings, Inc., and Anchor Packaging.
Changing Food Habits Propels Food Packaging Industry
The global food packaging industry has been growing at an exceptional rate due to changing habits of consumers. The market is receiving an added impetus as more and more people are opting for packaged food items due to lack of time to cook elaborate meals.
Emerging Market Create Huge Demand for Packaged Food Items
This market is also being propelled by the improving economic stability and emerging markets. Furthermore, increasing preference for processed food and rampant urbanization is accelerating the growth of the global food packaging market.
Growing Distribution Channels Make Sale of Packaged Food Easy
Increasing number of distribution channels such a growing number of retail stores, e-commerce, super markets, and hypermarkets are also fueling the growth of this market. Research suggests that North America is the biggest food packaging market, which is closely followed by Asia Pacific and Europe. The European market is mainly being driven by rising disposable incomes, growing awareness of packaged food, and a huge preference for convenience food items.
The growth of food packaging industry is also being propelled by a wide range of food items that cater to different tastes. Globalization has also led to this growth foreigners prefer eating packaged food over local cuisines due to their safety. The only hindrance in this market is the strict regulatory framework that packaging industry has to adhere to.