- The key vendors in the Global Food Packaging Market 2014-2018 are Amcor Ltd., Crown Holdings Inc., Owens-Illinois Inc., Rexam Plc and Tetra Pak International SA.
London, 28 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Food Packaging Market 2014-2018. One of the major trends in the market is the use of more sustainable packaging materials. Food packaging vendors have come up with many sustainable packaging materials that are environment friendly and more durable. The overall market is expected to grow at a CAGR of 3.47 percent during the forecast period of 2013-2018.
“Vendors are investing in R&D to develop food packaging materials, which have the ability to be recycled and have the traditional capabilities of friction, moisture, and heat resistance,” says Faisal Ghaus, Vice President of TechNavio Research.
“Consumers favor multipacks and variety packs because they offer choices, i.e. different flavors of the same type of chocolates, bakery products, or dairy products, or they can have the same type of flavors in different packs.”
To define the market conditions 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%…
