Food Packaging Market in the APAC Region 2015-2019
About Food Packaging
The Food industry is the largest of all industries in the world and plays an important role in the economy of any country. As packaged food products need to be preserved for a long period, they are packaged with extremely protective and durable materials. An increased demand for ready-to-eat food has brought about a transformation in the Packaging industry. The Food Packaging market is witnessing the emergence of many new and innovative packaging materials and techniques that not only increases the shelf life of a product but also enhance its aesthetic appeal. Some food packaging types include cups, cans, sachets, bottles, and tubs, which are made based on the requirement of the product as well as the convenience of customers.
TechNavio's analysts forecast the Food Packaging market in the APAC region to grow at a CAGR of 4.19 percent over the period 2014-2019.
Covered in this Report
The Food Packaging market in the APAC region can be categorized into five segments: Flexible, Rigid Plastic, Metal, Glass, and Others. Based on application, the market can be segmented into the Bakery, Confectionery, and Dairy Products; Meat and Meat Products; Sauces, Dressings, and Condiments; Fish and Seafood; Ready Meals; Fruits and Vegetables; and Other segments.
TechNavio's report, Food Packaging Market in APAC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Food Packaging market landscape in the APAC region and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Food Packaging Market in the APAC Region 2015-2019
TechNavio recognizes the following companies as the key players in the Food Packaging Market in the APAC Region: Amcor Ltd., Crown Holdings Inc., Owens-Illinois Inc., Rexam plc and Tetra Pak International SA
Other Prominent Vendors in the market are: Ardagh Group, Ball, Bemis, DS Smith, Graham Packaging, Linpac Packaging, MeadWestVaco, Mondi Group, Reynolds Group Holding, RockTenn, Verallia, Sealed Air and Stora Enso.
Commenting on the report, an analyst from TechNavio’s team said: “One of the key trends emerging in the market is increased demand for convenience packaging, which is forcing vendors to develop innovative packaging solutions. Most of the innovation in the market is centered on providing convenience for on-the-go consumption. Quality of the packaged food product is the consumer's prime concern during purchase and includes parameters such as convenience, appearance, taste, and nutrient content.”
According to the report, growth in urban population and the resultant increase in demand for processed and prepared food have a significant impact on the growth of the market. Urban consumers increasingly prefer ready-to-eat products and are willing to spend on expensive food products.
Further, the report states that one of the key challenges faced by the market is contamination of packaged food. Chemicals used in packaging materials may contaminate the food products stored in them. Vendors in the market have to invest heavily in R&D to develop packaging products that do not react with the content.
Amcor , Crown Holdings, Owens-Illinois, Rexam, Tetra Pak International, Ardagh Group, Ball, Bemis, DS Smith, Graham Packaging, Linpac Packaging, MeadWestVaco, Mondi Group, Reynolds Group Holding, Rock-Tenn, Saint Gobain, Sealed Air, StoroEnso