DUBLIN, March 21, 2022–(BUSINESS WIRE)–The “Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.
The global food packaging market reached a value of US$345.3 billion in 2021. Looking ahead, the publisher expects the market to reach US$483.4 billion by 2027, posting a CAGR of 5.85% in 2022-2027.
Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.
Food packaging plays a vital role in preserving and transporting food products to their desired location without affecting their taste or quality. It protects contents from moisture and toxins, prevents food products from spilling and spoiling, and helps retain their shape and quality. Food packaging has also gained ground as a means of conveying information, such as nutritional content, expiry date, price and origin of packaged products. It also acts as a modern marketing medium for sellers to attract consumers from all over the world.
A rapid shift in consumer food preferences coupled with the expanding food retail sector across the globe is one of the major factors catalyzing the growth of the market. Additionally, the growing labor force, rising disposable incomes, and hectic lifestyles have led to an increase in the consumption of fast food and ready-to-eat products.
For this reason, leading companies are investing in research and development (R&D) operations to improve product shelf life and develop antimicrobial packaging materials. They are also introducing lightweight solutions to reduce transportation costs and associated emissions. Additionally, with growing environmental concerns, manufacturers are embracing eco-friendly food packaging made from materials that are biodegradable or can be easily recycled, reused, and renewed.
Key questions answered by this report:
How has the global food packaging market behaved so far and how will it behave in the years to come?
What are the main regional markets?
What are the main application segments in the market?
What has been the impact of COVID-19 on the global food packaging market?
What are the main types of packaging used on the market?
What are the different stages in the value chain of the global food packaging market?
What are the key driving factors and challenges in the global food packaging market?
What is the structure of the global food packaging market and who are the major players?
How competitive is the global food packaging market?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Food Packaging Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Main price indicators
5.4.2 Price structure
5.4.3 Margin Analysis
5.5 Market Breakdown by Type of Packaging
5.6 Market Breakdown by Application
5.7 Market Breakdown by Region
5.8 Market Forecast
5.9 SWOT analysis
5.10 Value chain analysis
5.11 Analysis of the five forces of carriers
6 Market Breakdown by Type of Packaging
7 Market Breakdown by Application
8 Market Breakdown by Region
9 Competitive landscape
9.1 Market structure
9.2 Major Players
9.3 Profiles of Key Players
For more information on this report, visit https://www.researchandmarkets.com/r/ldug76
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220321005604/en/
Laura Wood, Senior Press Officer
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