- The key vendors in the global food packaging market 2015-2019 are Amcor, Crown Holdings, Owens-Illinois, Rexam, and Tetra Pak
London, 06 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global food packaging market 2015-2019. Vendors are investing in R&D to develop materials that can be recycled but do not compromise on properties such as friction, moisture, and heat resistance. For instance, AeroClay, a new technology, helps turn clay and other ingredients into a versatile material that is sturdy, eco-friendly, and temperature resistant. The global food packaging market is expected to grow at a CAGR of 4.01% during the period of 2014-2019.
“The most flexible packaging designs such as zippers, pouring spouts, peel-off lids, and microwavable pouches provide consumers with convenience in consuming and disposing of products,” says Faisal Ghaus, Vice President of Technavio Research.
“Such packaging designs are being increasingly produced to meet the growing consumer demand for food products that offer higher convenience and portability.”
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.
If you are interested in more information on this topic and our upcoming research on the Global Food Packaging Market 2015-2019, please send an e-mail to media@TechNavio.com
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