Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Rising effort to increase the country’s population, increased demand for baby food and rising awareness towards environmentally friendly packaging are the few factors which are likely to boost the market growth.
The market is anticipated to attain a CAGR of 9.34% over the forecast period, i.e., 2022-2031.
Increasing popularity of homemade food, toxicity of metal present in the packaged food and plastic flexible food putting stress on the environment are the few factors likely to hamper the market growth.
The major players in the market are BEAPAK, Minfly Packaging, Xiamen Kinderway Packaging Co., Ltd., Scholle IPN, Guangdong Danqing Printing Co., Ltd., HengZhong Packaging Co., Ltd., Henan Baolai Packaging Co., Ltd., Amcor PLC, Sealed Air, TedPack Company Limited, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, material, and by product.
The milk formula is anticipated to garner the largest market size of USD 15,270 million by the end of 2031 and display significant growth opportunities. The segment is expected to grow at a CAGR of 9.52% over the forecast period. Moreover, the segment garnered a revenue of USD 6,220.4 in 2021.
