Global Eco-Friendly Food Packaging Market report provides a basic overview of the Eco-Friendly Food Packaging including definitions, classifications, applications and Eco-Friendly Food Packaging chain structure. Global Eco-Friendly Food Packaging Market analysis is provided for the international market including development history, Eco-Friendly Food Packaging competitive landscape analysis, and major regions development status on Global Eco-Friendly Food Packaging Market scenario.
Global Eco-Friendly Food Packaging Market is valued approximately USD 162.66 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.40 % over the forecast period 2019-2026. Eco-friendly packaging are environmentally-friendly packaging made of recycled or renewable materials which are safe and sustainable for both individuals and the environment.
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The advantages offered by these eco-friendly packaging are reduction in environmental wastes owing to the rise in pollution and concerns regarding environmental protection drives the market growth. Moreover, these packaging serve the role of preserving food quality and safety and aid in reducing food waste and food borne diseases. The increasing demand for confectionary food and on the go food across the globe demands extensive use of food packaging. This demand coupled with environmental concerns and governmental norms propels food manufacturers to use Eco-Friendly Food Packaging. As per China Food Industry Associationâ€™s internal Food Industry Summary report 2018 the food processing industry reached to USD 1.47 trillion in 2017 demonstrating an increase of 6.3% over its value from the previous year. This increase is due to the shift from eating full to eating well mentality of the Chinese citizens specially the middle-class population who chose snacks, beverages, condiments and other processed foods over traditional meals. This has increased the load on the food processing units in the country to balance the demand from exit of traditional meals. Also, according to the Agriculture and Agri-Food Canada, China has become one of the largest packaged food markets across the world. The Chinese packaged food market valued at USD 202 billion in 2013 and is expected to reach around USD 347 billion by 2018. However, lack of awareness impedes the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Eco-Friendly Food Packaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high awareness among the population and presence of major market players in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising disposable income, rising governmental initiatives and large packaged food manufacturing base would create lucrative growth prospects for the Eco-Friendly Food Packaging market across Asia-Pacific region.
Major market player included in this report are:
Amcor plc (Australia)
Mondi plc (Austria)
Sealed Air Corporation (US)
Ball Corporation (US)
Tetra Pak (Sweden)
Crown Holdings Inc. (US)
BASF SE (Germanys)
Huhtamaki Oyj (Finland)
The Smurfit Kappa Group plc (Ireland)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Paper & Paperboard
Recycled Content Packaging
Alternate fiber packaging
An overview of the regional analysis:
- North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America are the key regional contributors of the Emergency Eco-Friendly Food Packaging market.
- Regional contribution to the overall growth is summed up in the study.
- Tallies of the total sales and revenue garnered by each geography are listed.
- Growth rate projection for each regional market during the forecast period is deciphered as well.
Analysis of regional landscape:
- Based on geographical terrain, the Eco-Friendly Food Packaging market is segmented into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America.
- A performance summary of each region..
- Insights into the total sales, growth rate, and revenue generated by each geography is provided.
Key Questions Answered in Eco-Friendly Food Packaging Market Report:
- What is the size and CAGR of the global Market?
- What are the key driving factors of the most profitable regional market?
- Which are the leading segments of the global market?
- How will the global market advance in the coming years?
- What are the main strategies adopted in the global market?
- What is the nature of competition in the global market?
Summary of the regional outlook documented in this report:
- Consumption pattern and consumption rate with respected to each region.
- Predicted consumption rates over the forecast period.
- Market forecasts of key regions are detailed in the report.
- Consumption market share solely based on the regional contribution.
- Market share held by the listed geographies.
COVID-19, the disease it causes, surfaced in late 2019, and now had become a full-blown crisis worldwide. Over fifty key countries had declared a national emergency to combat coronavirus. With cases spreading, and the epicentre of the outbreak shifting to Europe, North America, India and Latin America, life in these regions has been upended the way it had been in Asia earlier in the developing crisis. As the coronavirus pandemic has worsened, the entertainment industry has been upended along with most every other facet of life. As experts work toward a better understanding, the world shudders in fear of the unknown, a worry that has rocked global financial markets, leading to daily volatility in the U.S. stock markets.
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