Food Packaging Market Growth| COVID-19 Analysis and Opportunity
On the contrary, strict regulations prohibiting the use of plastic-based packaging materials is likely to be a hindrance to the Food Packaging Market Growth growth. Meanwhile, bioactive packaging has cropped up as an appropriate solution amidst growing worldwide effort to reduce the use of various plastic-based materials for food packaging and is likely to provide opportunities to the Food Packaging Market Growth.
Segmentation
MRFR report offers a broad segmental analysis of the Food Packaging Market Growth on the basis of material, type, and application.
Based on material, the Food Packaging Market Growth has been segmented into glass, paper & paperboard, plastic, metal and others.
Based on type, the Food Packaging Market Growth has been segmented into bottles, cans, pouches, boxes, and others. Of these, the boxes segment accounts for the foremost share of the Food Packaging Market Growth.
Regional Analysis
By region, the global Food Packaging Market Growth covers growth opportunities and latest trends across North America, Europe, Asia Pacific (APAC) and the Middle East & Africa (MEA). Of these, North America captures the majority share of the Food Packaging Market Growth. Increased intake of packaged food in the region, developed retail industry, and expansion of the food & beverage industry are factors driving the growth of the North America Food Packaging Market Growth. Additionally, the presence of various retailing giants in the region such as Walmart, Costco, and the Kroger Company lay greater emphasis on packaging and have laid down packaging guidelines which boost the growth of the market. The APAC Food Packaging Market Growth is spurred by increasing consumption of packaged food in the region purveyed by increasing disposable income. Moreover, development of food retail chains and development of the food & beverage industry in the region augurs the growth of the market.
Key Players
Leading players profiled in the Food Packaging Market Growth include RockTenn Company (U.S.), E. I. du Pont de Nemours and Company (U.S.), D.S. Smith Plc. (U.K.), International Paper Company (U.S.), Coveris Holdings S.A (Luxembourg), The Smurfit Kappa Group plc (Republic of Ireland), Amcor Limited (Australia), Silgan Holdings Inc. (U.S.), Mondi Plc (Austria), and Bemis Company, Inc. (U.S.).
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