Food Packaging Market Segmentation:
Material Segment Analysis
The global food packaging market is segmented and analyzed for demand and supply by material into plastic, glass, metal, paper & paperboard, wood, and others. Out of which, the plastic segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the wide use in form of containers, wraps, pouches, tubs, and others. Moreover, features such as, flexibility, spill proof, cost-effectiveness, and lightweight are some plus points that make plastic a most preferred material to be used in food packaging. Moreover, there has been an increase in the production of plastic across the globe, along with the use of plastic for convenient food packaging, that is anticipated to surge the segment’s growth in the market. As per the United States Environmental Protection Agency (EPA), 14.5 million tons of packaging and plastic containers were manufactured in 2018.
Type Segment Analysis
On the other hand, the global food packaging market is segmented by type into semi-rigid, rigid, and flexible. Out of these, the rigid segment is anticipated to hold the largest market size in the upcoming years. This can be attributed to the presence of moisture, oxygen, and light in the rigid packaging that helps prevent food contamination. Moreover, there has been a rising consumption of fresh vegetable, fruit, and dairy product, which is increasing the use of rigid packaging. Hence, it is predicted to increase the growth of the rigid segment in the market.
Our in-depth analysis of the global market includes the following segments:
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