London, 11 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global FMCG Packaging Market 2015-2019, which is expected to grow at a CAGR of 4.14 percent during 2014-2019.
The major customers of FMCG packaging are distributed across various verticals such as F&B, Pharmaceuticals and Healthcare, Chemicals, and other sectors. These customers benefit from the different types of packaging, which are used to pack multiple products such as baby foods, bakery products, confectionery products, frozen foods, personal care products, and medical devices.
“With an increase in the adoption of protective packaging materials, market vendors have started to invest in newer technologies to develop new products and foster more product innovations,” says Faisal Ghaus, Vice President of TechNavio.
“Manufacturers of packaging materials are also looking at differentiating their products from their competitors by providing the best possible protective packaging products to meet customers’ needs.”
Key Market Drivers
- Growing Demand from Healthcare Industry
- Rise in Disposable Incomes
- Increase in F&B Consumption
Key Market Trends
- Enabling Sustainability
- Technological Innovations
- Increase in Demand from E-commerce Industry
Key Market Vendors
- Amcor Ltd
- Ball Corporation
- Crown Holdings Inc.
- Tetra Pak International SA
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%…
