Bakery Packaging Market in Europe 2017-2021
About Bakery Packaging
Bakery products are packaged in order to extend their shelf life, by providing them a safe environment. It is performed with the help of modified atmosphere packaging (MAP) technology that excludes the oxygen content and uses a high proportion of carbon dioxide to enhance the shelf life of these products. The bakery packaging market in Europe is segmented by the types of materials which include flexible plastic, rigid plastic, metal, and others.
Technavio’s analysts forecast the bakery packaging market in Europe to grow at a CAGR of 4.57% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the bakery packaging market in Europe for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Bakery Packaging Market in Europe 2017-2021
Technavio recognizes the following companies as the key players in the bakery packaging market in Europe: Amcor, Bemis Company, Mondi, and Reynolds Group Holdings.
Other Prominent Vendors in the market are: ADVANTA, Amerplast, Dart Products Europe, Greiner Packaging, LINPAC, Pactiv, PROMEN, The Waddington Group (TWG), The Wipak Group, and GSH Holdings.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising focus on sustainability. The vendors operating in the bakery packaging market in Europe are increasingly focusing on sustainability, spurring the demand for environment-friendly and economic solutions. Consumers are becoming conscious of the concerns about damage to the environment.”
According to the report, one driver in the market is growing demand for packaging in bakery industry. The increasing consumption of bakery products in Europe contributes to a growing demand for packaging, to cater to the need for prevention of spoilage. The bakery industry in Europe is expected to grow at a CAGR of more than 3% during the forecast period. Biscuits and bread are amongst the most consumed bakery products in Europe. The demand for other bakery items like cakes, cookies, and pastries in Europe is also on the rise.
Further, the report states that one challenge in the market is achieving cost-effectiveness. One of the key challenges in the bakery packaging market in Europe is the achievement of cost-effectiveness to provide affordable and sustainable solutions to end-users. The measurement of overall equipment effectiveness (OEE) is a key aspect for achieving cost-effectiveness during manufacturing because it measures the percentage of the manufacturing time and signifies the productivity of the process. It is crucial for manufacturers to focus on each aspect of the process.
Amcor, Bemis Company, Mondi, Reynolds Group Holdings, ADVANTA, Amerplast, Dart Products Europe, Greiner Packaging, LINPAC, Pactiv, PROMEN, The Waddington Group (TWG), The Wipak Group, and GSH Holdings.