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Food Packaging Market: Segmentation Analysis
The market research report segments the food packaging market by Product (flexible plastic, rigid plastic, glass, metal, and others) and Geography (APAC, Europe, North America, South America, and MEA).
The food packaging market share growth in the flexible plastics segment will be significant for revenue generation. The flexible plastic packaging segment is expected to grow due to its many advantages over other types of packaging materials. Flexible plastic packaging is finding more applications in the consumer goods segment, as this type of packaging is convenient in terms of weight, cost, and ease of shipment, thus making it a widely adopted packaging type across industries. The adoption of packaging strategies that enhance product appearance and aesthetic appeal is a new trend in product marketing.
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Food Packaging Market: Prevent food counterfeiting to drive growth
The key factor driving growth in the food packaging market is the prevention of food counterfeiting. Food fraud costs the global food industry billions of dollars annually. Packaging can play a major role in combating such food counterfeiting concerns. Food traceability can be adopted to prevent food counterfeiting. This technology enables tracking of the food during its movement through the entire supply chain. For tracking food products, technologies such as barcodes and radio frequency identification (RFID) tags are used. Therefore, in order to implement these technologies, proper packaging of products is a necessity in the industry. The use of barcode labels on a packaged product helps in verifying the product's integrity, thus overcoming counterfeiting to a great extent.
Food Packaging Market: Volatility in raw material prices to hamper growth
The volatility in raw material prices will be a major challenge for the food packaging market during the forecast period. The different types of packaging materials used for the packaging of food include plastic, glass, metals, and paper. For example, cartons used in food packaging are produced either from recycled fiber mills or virgin fibers. The prices of both recycled fiber mills and virgin fibers constantly fluctuate, which is a major concern for end-users like carton producers. The instability in the price of raw materials will result in the reduction of profit margins of vendors due to the increasing production cost. Vendors are forced to increase their product pricing due to fluctuating raw material prices. The prices of packaging raw materials such as paper and paper products that are used to manufacture corrugated packaging solutions are expected to fluctuate and companies are expected to increase the prices of corrugated packaging in response to the increase in raw material prices.
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Food Packaging Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.60% |
Market growth 2021-2025 |
USD 60.33 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.10 |
Performing market contribution |
APAC at 56% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amcor Plc, Ardagh Group SA, Berry Global Group Inc., COFCO Corp., Crown Holdings Inc., DS Smith Plc, International Paper Co., O-I Glass Inc., Orora Ltd., and Sealed Air Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Flexible plastic - Market size and forecast 2020-2025
- Rigid plastic - Market size and forecast 2020-2025
- Glass - Market size and forecast 2020-2025
- Metal - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amcor Plc
- Ardagh Group SA
- Berry Global Group Inc.
- COFCO Corp.
- Crown Holdings Inc.
- DS Smith Plc
- International Paper Co.
- O-I Glass Inc.
- Orora Ltd.
- Sealed Air Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
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SOURCE Technavio
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