Food packaging market expected to grow at 4 percent CAGR through 2019
Increasing demand for convenience packaging, forcing vendors to develop innovative packaging solutions, is an emerging trend in the food packaging market which is projected to grow at a CAGR of 4 percent through 2019, according to a new report “Global Food Packaging Market 2015 – 2019” conducted by SandlerResearch.org
According to the report, growth in urban population and the resultant increase in demand for processed and prepared food have a significant impact on the growth of the market. Further, the report states that one of the challenges faced by the market is contamination of packaged food. Chemicals used in packaging materials may contaminate the food products stored in them. Increasing cost pressures also put considerable strain on vendors in the market.
The following companies are the key players in the Global Food Packaging Market: Amcor, Crown Holdings, Owens-Illinois, Rexam and Tetra Pak. Other Prominent Vendors in the market are: Anchor Packaging, Ball, Bellmark, Bemis, Bischof + Klein, Britton Group, Cellpack, CKS Packaging, CL&D Graphics, Clear Lam Packaging, Clondalkin Group, Constantia Flexibles, DS Smith, Exopack, Fabri-Kal, Flextrus, Fres-co System USA, Glenroy, Graham Packaging, Hood Packaging, Huhtamäki, JL Packaging, Linpac Packaging, Mondi Group, Nuconic Packaging, Oracle Packaging, Pactiv, Paharpur 3P, PERUPLAST, Phoenix Closures, Prolamina, Reynolds Group Holding, Rollprint Packaging Products, Safta, Schur Flexibles, Sealed Air, Sigma Plastics, Silgan Holdings, Stora Enso, Südpack Verpackungen, Toyo Seikan Group Holdings, Verallia, WestRock, Winpak and Wipak Group.
The report segments the global food packaging market by packaging type into Flexible packaging, Rigid plastic packaging, Glass packaging and Metal packaging.
More on the report can be found here.