Global Baby Food Packaging Market Developments and Forecast to 2022
Baby Food Packaging Market – Overview
The global Baby
Food Packaging Market has been receiving a lot of recognition lately
due to the expansion of the packaging industry. Statistically, the CAGR and
estimated market turnover figures confirm this fact. During the forecast span
of 2017-2022, baby food packaging market will come across several growth
prospects that will help in its progression.
Some of the chief factors that fuel the growth of this market are the
hike in the demand for convenience products and the need for food safety.
Additional factors like rising health awareness, especially regarding food
hygiene, convenience of use and reusability further drive the growth of this
market.
Market Segmentation
The worldwide market for baby food packaging has been segmented into
four different parts. Each of these has sub-segments for itself respectively
and they have been enlisted below:
By sealing & handle – Heat seal, zipper top, spout top and patch
handle.
By material type – Glass, polymer, metal and paper.
By raw material – Flexible packaging material, glass packaging material,
rigid plastic packaging material, packaging paperboard material and metal
packaging material. Flexible packaging material has an edge over the others and
accounts for the largest share of the market. Rigid plastic packaging material
holds the most dominant position after flexible packaging.
By Application – Powder milk, liquid milk, and dried baby food. Out of
the three, the powder milk sub-class grabs the largest chunk of market share
and the main reason for this is the easy availability and effectiveness of this
product.
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In-depth Geographical Analysis
The baby food packaging market has established itself as a leader across
the globe. It has very effectively expanded to some of the most important areas
of the world like North America, Europe, Asia Pacific and Rest of the World.
According to the research report released by Market Research Future,
North America is at the forefront in terms of geographies. The market in this
region is expected to grow substantially during the forecast period at a
promising CAGR. This region owes its growth to the increased demand for baby
food products there.
Europe comes second in line after NA and accounts for the second largest
portion of the market share. Asia Pacific is expected to attain considerable
growth during the upcoming projection span. China will lead this region towards
success and will rope in the maximum business. Higher awareness amongst the
masses regarding the benefits of baby food products and higher need for
convenience baby edible products tend to further help in the region’s
progression.
Industry News
April 11, 2018 – The latest news for this industry has come in from
America. A major market player called Little Roots just launched a brand new
packaging solution. This product was devised to act as a healthy alternative to
the conventional pouches that are being for baby food packaging. It has
launched baby food bulbs that have proven to be far more effective than the
conventional pouches. The industry experts believe that this product will gain
popularity in a short span of time. And in future, this will garner benefits
for the market.
Market Players & Key Strategies
The worldwide market for baby food packaging is quite a competitive
arena and the stakeholders of this market have to deal with cutthroat
competition to survive here. Some of the brands that survived and have made a
name for themselves are ITC Ltd Paperboards, Essel Propack Limited, Cascades
Inc., and Hindustan National Glass & Industries Ltd.
The players of this market employ certain growth strategies like
strategic expansion, acquisition and alliance with other companies to garner
the best results for their business.
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Report Details @ https://www.marketresearchfuture.com/reports/baby-food-packaging-market-1660
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