Home Press Releases Food Packaging Films Market Size Growth Analysis By Revenue, Share, Latest Trends & Forecast

Food Packaging Films Market Size Growth Analysis By Revenue, Share, Latest Trends & Forecast

by Press Room


(EMAILWIRE.COM, March 24, 2023 ) The report “Food Packaging Films Market by Type (Flexible, Rigid), Material (Polyethylene, Polypropylene, Polyethylene Terephthalate), Application (Meat, Poultry & Seafood, Convenience Food, Bakery & Confectionary) and Region – Global Forecast to 2027″, size was USD 49.8 billion in 2021 and is projected to reach USD 72.3 billion by 2027, at a CAGR of 6.4%. The growth of the food packaging films market is estimated to be driven by the growing demand for convenience food items and innovative packaging solutions that ensure extended shelf life of food items.

Meat products are the largest application of food packaging films. Increasing health concerns and the rising awareness regarding the nutritional values of meat products are boosting the demand for food packaging in this segment. Food packaging prevents contamination caused by bacteria, pathogens, and other microorganisms. The increasing awareness about airborne diseases has also augmented the demand for safely packaged food items.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155846613

Growing demand for convenience food items

Convenience food is the fastest-growing segment in the food packaging films market due to changing food consumption patterns, and increasing urbanization. Flexible films with a high resistance to oil, vinegar, and spices were needed for convenience food and ready-to-eat meal packaging to avoid seal layer damage or delamination. To preserve food quality and ensure packaging integrity, it is essential to choose the right packaging materials. In the convenience food industry, flow wrap, and form-fill-seal (FFS) films are commonly utilized. Convenience meals are increasingly using pre-made pouches or doypacks as a product distinction.

High demand for polyethylene food packaging films due to favorable properties

The polyethylene (PE) segment is the largest in terms of volume as the material provides resistance to chemicals and moisture and is lightweight. This is because polyethylene offers innovative product solutions that have broad applicability, such as in the packaging of various fruits, vegetables, meat, and seafood.

North America to be the second-largest food packaging films market during the forecast period.

North America was the second-largest food packaging films market in 2021. Globally, the North American market has been a leader with respect to product innovation in terms of quality and application development. The US and Canada are the most developed countries in North America, followed by Mexico. Growth in the food packaging films market will be driven by factors such as rising demand for single portion packs or small packs, high disposable income levels, growing demand for convenience food, improving economic situation, and increasing consumption of packed food. The companies offering packaging films for the food industry include Charter NEX Films (US), and Sealed Air Corporation (US). Consistent growth is expected for food packaging films with the fastest gains in packaging for frozen foods and confectionery, weight saving pouches for beverages, and packages designed to extend the shelf life of products. An increase in the export activity of food products is expected to fuel the growth of the market in North America during the forecast period.

Don’t miss out on business opportunities in Food Packaging Films Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=155846613

Browse in-depth TOC on “Food Packaging Films Market”

128 – Market Data Tables

53 – Figures

182 – Pages

Major players operating in the food packaging films market include Amcor plc (Australia), Berry Global (US), Coveris (Austria), DS Smith (UK), Sealed Air Corporation (US), Graphic Packaging Holding Company (US), Charter Next Generation (US), Mondi Group (UK), DuPont Teijin Films (Japan), and WestRock (US).

Amcor PLC is one of the world’s leading packaging solutions providers. It primarily produces corrugated boxes, flexible plastic packaging, multi-wall sacks, and aluminum & steel cans. The company’s products are used in a variety of sectors, including food, beverage, healthcare, personal care, pet care, homecare, and other technological applications. The company has operations in North America, Western Europe, Asia-Pacific, and Oceania.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=155846613

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com



Source link

You may also like

About Us

Arab Africana™ publishes and aggregates business, socio-economic, Tech and industrial news on Arab countries in Africa.

 

We provide press release distribution to media in Africa including Arab countries, the Arab world and the GCC/MENA regions. To submit a press release for distribution, contact us today.

Trending Now

Newsletter

    ArabAfricana logo-white

    Arab Africana is part of GroupWeb Media Network. ©  2024 GroupWeb Media LLC