London, 03 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the food packaging machinery market in North America 2015-2019, which is projected to grow at a CAGR of 6.68% during 2014-2019.
The market in North America should grow rapidly during the forecast period due to the rise in demand for small packs or single-serving packaging options, as well as stand-up and plastic pouches in the food industry.
“High-barrier resins are used to manufacture high-barrier flexible packaging that protect products from oxygen and moisture while extending the shelf life of the product,” says Faisal Ghaus, Vice President of Technavio.
“High-barrier flexible packaging offers higher-quality protection than other packaging due to its laminated structure and specialized coatings.”
Key Market Drivers
- Increased demand from e-commerce companies
- Growth of packaged food business
- Customer convenience
- Importance of packaging in marketing
- Increased demand for smart and active packaging in food industry
Key Market Trends
- Increased use of nanotechnology
- Advances in technology
- High demand for high-barrier flexible packaging
- Demand for small-sized packs
Key Market Vendors
- ARPAC
- Coesia
- GEA Group
- IMA
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
