Showing posts with label Flexible packaging. Show all posts
Showing posts with label Flexible packaging. Show all posts

Tuesday, 22 February 2022

Fresh Food Packaging Market worth $95.2 billion by 2025


The global fresh food packaging market size is projected to grow from USD 79.8 billion in 2020 to USD 95.2 billion by 2025, at a CAGR of 3.5% between 2020 and 2025.

Packaging plays a vital role in keeping the product fresh, damage-proof and acts as an efficient marketing tool. The fresh food packaging market has been growing in tandem with the growth of the food packaging industry. The fresh food packaging market is segmented based on material, pack type, application, and region. The growth of fresh food packaging has been witnessed due to the growth in the meat products and vegetables application.

To know about the assumptions considered for the study download the pdf brochure

In terms of value, the polypropylene segment is projected to account for the largest share of the fresh food packaging, by material, during the forecast period.

Polypropylene (PP) has a clear, glossy film with high strength and puncture resistance. This material is not affected by changes in humidity. It has moderate permeability to gases and odors and a higher barrier to water vapor. These properties enable the use of polypropylene in the production of a wide variety of food & beverage packaging solutions.

Converted roll stock to be the largest pack type of the fresh food packaging.

Converted roll stock is widely used in the form of bags, pouches, and sachets, among others. Converted roll stock is made from raw materials, such as polyesters, adhesives, silicone, tapes, plastics, rubbers, liners, and metals, to create new products. The roll materials vary in size and weight as per the product requirement. Converted roll stock is the most common pack type used in fresh food packaging.

The meat products application is projected to register the highest CAGR during the forecast period.

Meat products are the largest and fastest-growing application in terms of both value and volume. The growing disposable incomes have fueled the demand for convenience food items, which is, in turn, driving the fresh food packaging market. The increasing awareness regarding the nutritional value of meat products and changing eating habits are also boosting the demand for fresh food packaging.

The APAC region leads the fresh food packaging market in terms of volume.

APAC is projected to be the fastest-growing market for fresh food packaging during the forecast period. Increase in demand for convenience by consumers and concerns about food product safety are some of the major reasons that could drive the fresh food packaging market in the region. However, the fresh food packaging market faces restraints such as stringent government rules and regulations regarding raw materials, which hinder the growth of the market.

Major players operating in the global fresh food packaging market includeAmcor PLC (Australia), Interntional Paper Company (US), WestRock Company (US), Sealed Air Corporation (US), Smurfit Kappa (Ireland), Coveris (Vienna), DuPont (US), DS Smith PLC (UK), Mondi PLC (South Africa), Silgan Holdings Inc. (US), Sonoco Products Co. (US), Schur Flexibles (Austria), Anchor Packaging Inc. (US), Printpack Inc. (US), Bomarko Inc. (US), Packaging Corporation of America (US), Graphic Packaging Holding Co. (US), Ampacet Corporation (US), Ultimate Packaging Limited (UK), and Temkin International Inc. (Utah).

To Know More Speak with Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=240678791

Thursday, 17 December 2020

High demand from cosmetic brands for innovative & sustainable packaging are driving the cosmetic packaging Market


The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.

Browse 144 market data Tables and 43 Figures spread through 180 Pages and in-depth TOC on “Cosmetic Packaging Market by Type, Material (Glass, Metal, Rigid plastic, Paper-based, Flexible packaging), Application (Skin care, Hair care, Oral care, Sun care, Color cosmetic, Fragrance & perfume), and Region – Global Forecast to 2025”

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1307

Based on type, the bottles segment is projected to be the largest market for cosmetic packaging. The dominant market position of the bottles can be attributed to its durability. Plastic bottles are widely preferred as these are light in weight (which makes them easy to carry) and are not prone to breakage. Furthermore, owing to the attractive & premium look of the glass bottles, the demand for bottles for fragrances and perfumes is rapidly increasing.

By material, the paper-based segment is projected to be the fastest-growing segment in the cosmetic packaging market. Factors such as recyclability, sustainability, and the use of environmentally friendly materials for the production of packaging products make it a widely used material for the packaging of cosmetics.

By application, the skin care segment is projected to be the largest segment in the cosmetic packaging market. This dominant market position is attributed to the exponential growth in demand for personal care & grooming products across the globe. With the change in the lifestyle and buying patterns, the demand for wellness, grooming and personal care products has also gone up (especially the youth and male population), which has created an opportunity for the skin care segment.

The Asia Pacific region accounted for the largest market share in 2019. The increase in demand in the region for cosmetic packaging can be largely attributed to the growing population, urbanization & disposable income of the population. Besides, there are less stringent norms and standards for the use of raw materials or ingredients for the manufacturing of packaging products, along with the easy availability of cheap labor, which is attracting the major players to expand their operations in the region. Furthermore, the increase in demand for cosmetics from the emerging economies of Asia Pacific is expected to boost the market for cosmetic packaging as well.

Read More: https://www.marketsandmarkets.com/ResearchInsight/cosmetic-packaging-market.asp

Wednesday, 29 April 2020

Amcor (Australia) and Berry Global Inc. (US) Key Players in the Cosmetic Packaging Market

The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.03% during the forecast year. The growth of this market is attributed to the change in the style of packaging, innovative & premium package designs, and boost in the demand for cosmetics due to the rising youth population.
The cosmetic packaging market has been dominated by large players, such as the Amcor PLC (Australia), Berry Global Inc. (US), DS Smith PLC (UK), Sonoco (US), and Huhtamaki Oyj (Finland). These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, to increase their market shares and enhance their product portfolios.
Acquisitions accounted for the largest share of all the strategic developments that took place in the cosmetic packaging market between February 2016 and January 2020. Key players such as Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), AptarGroup, Inc. (US), TriMas Corporation (US), and HCP Packaging (China) adopted these strategies to strengthen their business portfolios and presence in the cosmetic packaging industry.
To know about the assumptions considered for the study download the pdf brochure
Amcor (Australia) designs highly versatile cosmetic packaging solutions that are innovative, available with a one-way integrated valve, and offer ease of disposal. Innovation, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible and rigid packaging products. Amcor is currently focusing on reducing the carbon footprint by making the packaging material lighter, increasing the recycling rate of raw materials, developing efficient transport and re-closable packaging, and creating packaging material sustainable to heat treatment.
Berry Global Inc. (US) is one of the key manufacturer and supplier of a range of innovative rigid and flexible products for the consumer as well as industrial end markets. Berry Global focuses on expanding its customer base in various regions by offering an attractive product portfolio for cosmetic packaging. Along with a strong footprint worldwide, the company also focuses on offering an innovative & sustainable solution to the cosmetic industry for its cosmetic packaging. It has a strong foothold across the globe with 130 manufacturing facilities in North America, Asia, Europe, South America, and the Middle East.

Thursday, 8 August 2019

Flexible packaging segment projected to be the fastest-growing during the forecast period of Food Service Packaging Market

Food service packaging is used to package processed and semi-processed food products. It caters to service sectors such as restaurants, fast-food joints, takeaway restaurants, and catering services. It helps in maintaining the hygiene, quality, and safety of food products. It provides heat resistance, prevents the growth of microorganisms, and helps extend the shelf-life of the food product.
The food service packaging market has been segmented, on the basis of packaging type, into flexible packaging, paper & paperboard packaging, rigid packaging and others. The market for flexible packaging is expected to grow at the highest CAGR. The increasing demand for sustainable packaging has propelled the market for flexible packaging in the food service packaging industry.
To know about the assumptions considered for the study, download the pdf brochure
Cost-effectiveness of food service packaging
There has been a gradual shift in consumer choice from traditional methods of preparing food at home to buying packaged products. Food service packaging mediums require less resources and energy as they are manufactured with recycled material; hence, packaged and disposable packs are available at low cost and importantly, occupy 35% less retail shelf space, making it cost-effective. It also offers a perfect alternative for display by creating more options for eye-catching graphics, ultimately increasing the marketability of the product.
The food service packaging market has a positive outlook due to high growth in the food industry and the beverages sector. It is easy to open food service packaging packs as they are available in the form of both rigid as well as flexible, which makes it convenient for handling the product. Due to busy lifestyles, the demand for convenient products has increased, which has led to a rise in the demand for flexible and rigid packs. Due to this, transport and shipping costs are cheaper for food service packaging. Furthermore, it reduces fuel consumption in terms of transportation.
The report Food Service Packaging Market by Material (Plastic, Metal), Packaging Type (Flexible, Rigid, Paper & Paperboard), Application (Alcoholic Beverages, Non-alcoholic Beverages, Fruits & Vegetables, Bakery & Confectionery) – Global Forecast to 2022″, The food service packaging market size is estimated to grow from USD 65.36 Billion in 2017 to USD 84.33 Billion by 2022, at a CAGR of 5.23% during the forecast period.

DS Smith (UK), Smurfit Kappa (Ireland) and CCL Industries Inc. (Canada) are leading players in Digital Printing Packaging Market

The global digital printing packaging market size is projected to grow from USD 29.4 billion in 2022 to USD 45.1 billion by 2027, at a CAGR...