Food Packaging Market | COVID-19 Impact, Analysis, Size, Share, Growth Rate, Trends, Future Scope, Forecast To 2023
Food Packaging Market Overview
The increasing consumption of convenience foods owing to the rapidly changing lifestyle of consumers is driving the growth of the Food Packaging Market Analysis. The key players in the market have convenience features in the food packaging such as easy
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Key Players
The leading players profiled by MRFR that are operating in the global Food Packaging Market are Amcor Limited (Australia), Coveris Holdings S.A (Luxembourg), The Smurfit Kappa Group plc (Republic of Ireland), E. I. du Pont de Nemours and Company (the U.S.)
Market Drivers and Restraints
However, stringent government regulations regarding the production of plastic-based food packaging owing to the environmental damage caused by it are likely to create hindrance in the expansion of the global Food Packaging Market Analysis during the forecast period.
Market Segmentation
Food Packaging Market is segmented on the basis material, type and application. Based on material, the Food Packaging Market Analysis has been segmented into glass, paper & paperboard, plastic, metal and others. Based on application, the Food Packaging Market Analysis has been segmented into bakery & confectionery, dairy, meat, fruits and vegetables and others. Amongst these, the meat segment is projecting noteworthy growth in the global Food Packaging Market Analysis owing to rise preference for protein-rich food, which is leading to the increase in consumption of seafood and meat products.
Regional Analysis
The global COVID-19 Impact has been geographically segmented into for major regions such as Europe, Asia Pacific, North America and the Middle East and Africa. The North America region constitutes a major share of the global Food Packaging Market Analysis. High demand for packaged food by the large urban population is majorly driving the Food Packaging Market Analysis in this region. Increasing consumer preference for packaged food in the developing countries of the Asia Pacific region is fueling the growth of Food Packaging Market Analysis in this region. Increasing demand for high-quality packaging for frozen food and other products is driving the Food Packaging Market Analysis in the Europe region. COVID-19 Impact
Industry Updates
In October 2018, Mondelez International, an American multinational confectionery, food and beverages company, has announced that it will shift to all recyclable packaging by the end of 2025.
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