According to Data Bridge Market Research new Market report, global fresh food packaging market will account to reach an estimated USD 87.87 billion in 2018 growing at a CAGR of 3.15% during the forecast period of 2019 to 2026.
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Food packaging is a packaging for food which is used to protect them from getting spoiled. They are specially designed so that they can protect the food from physical, chemical and biological damage. There main aim is quality maintenance. Increasing demand for fresh and better quality food is driving the market.
Global fresh food packaging market is segmented on the basis of package material, pack type, application and geography.
By Package Material (Polyethylene, Polypropylene, Paper, Aluminium, BOPET, Poly-Vinyl Chloride, Others), By Pack Type (Flexible Pack, Converted Roll Stock, Gusseted Bags, Flexible Paper, Corrugated Box, Boxboard, Cans, Others), By Application (Meat & Meat Products, Vegetables, Seafood, Fruits, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa)
FACTORS DRIVING GROWTH IN METAL POWDER MARKET
Increasing level of disposal income
In United Kingdom, in 2017/18 the median disposable income per retired household was 23,888 British pounds which was 23850 British pounds was 2016/17 and was 23119 British pounds was 2015/16. Increase in the levels of disposable income of the individuals resulting in a rise of demand for advanced hygienic products.
Few of the major players operating in the global fresh food packaging market are Amcor Limited, Mondi, Coveris, Smurfit Kappa, DuPont, International Paper, DS Smith, Silgan Holdings Inc., WestRock Company, Sealed Air, Ultimate Packaging Ltd., Temkin International Inc., Greenyard, Berry Global Inc., Packaging Corporation of America, Sonoco Products Company, American Packaging Corporation, Jabil Inc., ITC Limited, Innovia Films, Graham Packaging Company, BASF SE, Ampacet Corporation, Printpack, Bomarko Inc., Graphic Packaging International LLC, Schur Flexibles Holding GesmbH, and Klöckner Pentaplast..
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Global Fresh Food Packaging Market – Industry Trends and Forecast to 2026