Technavio has been monitoring the food packaging market and it is poised to grow by USD 56.87 bn during 2020–2024, progressing at a CAGR of 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The growing need to Prevent food counterfeiting has been instrumental in driving the growth of the market. However, Volatility of raw material prices might hamper market growth.
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Food Packaging Market 2020–2024: Segmentation
Food packaging market is segmented as below:
Product
· Flexible Plastic
· Rigid Plastic
· Glass
· Metal
· Others
Geographic segmentation
· APAC
· Europe
· MEA
· North America
· South America
Food Packaging Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our food packaging market report covers the following areas:
· Food Packaging Market Size
· Food Packaging Market Trends
· Food Packaging Market Industry Analysis
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This study identifies Growing sales of food products on e-commerce platforms as one of the prime reasons driving the food packaging market growth during the next few years.
Food Packaging Market 2020–2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the food packaging market, including some of the vendors such as Amcor Plc, Ardagh Group S.A., Ball Corp., CPMC Holdings Ltd., Crown Holdings Inc., DS Smith Plc, International Paper Co., Orora Ltd., Owens-Illinois Inc. and Sealed Air Corp. Backed with competitive intelligence and benchmarking, our research reports on the food packaging market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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