- The key vendors in the Food Packaging Market in the APAC Region 2015-2019 are Amcor Ltd., Crown Holdings Inc., Owens-Illinois Inc., Rexam plc and Tetra Pak International SA
London, 11 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Food Packaging Market in the APAC Region 2015-2019. One of the major trends emerging in the market is increased demand for convenience packaging, which is forcing vendors to develop innovative packaging solutions. Most of the innovation in the market is centered on providing convenience for on-the-go consumption. Quality of the packaged food product is the consumer’s prime concern during purchase and includes parameters such as convenience, appearance, taste, and nutrient content. The Food Packaging Market in the APAC region is expected to grow at a CAGR of 4.19 percent during the period 2014-2019.
“Packaging vendors are developing solutions such as multipacks and variety packs to address some of these demands,” says Faisal Ghaus, Vice President of TechNavio Research.
“Retailers prefer these packs because they encourage consumers to spend on new products. Consumers favor such packs because they offer improved choice.”
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%…
