Food Packaging Market to grow at a CAGR of 4% To 2023
The food packaging market is projected to grow at a CAGR of 4% during the forecast period 2017-
2023. As per the food packaging market research report, the global market for food packaging is
anticipated to grow rapidly. As per analysts, consumers shifting towards specialty foods along with
substantial progress in material quality will drive the market growth throughout the forecast period.
The food packaging market research report provides an in-depth analysis of the global food packaging
market and its material, type, and applications segments. The decreasing demand in matured markets
as well as quality related concerns are the factors which could affect the food packaging market
growth during the forecast period 2017-2023. The food packaging market research report by expert
analysts is intended to help companies in the food packaging market.
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The global food packaging market has been segmented based on material, type, and applications. On
the basis of material, the market for food packaging is segmented based on glass, paper & paperboard,
plastic, metal. Additionally, the market on the basis of type, is segmented into bottles, cans, pouches,
boxes. The global market for food packaging is also covered based on applications segment which is
further split into dairy, fruits & vegetables, meat, bakery & confectionery.
Key influences such as high production cost could obstruct the food packaging market growth.
However, as per the food packaging market research report, implementation of different marketing
strategies as well as demand for food packaging materials will drive growth during the forecast period
2017-2023. These key growth factors will help support the food packaging market growth at a high
CAGR. The segmental analysis of material, type, and applications segments as well as regional market
analysis has been presented in the global