Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Need for More Sustainable and Lighter-weight Packaging Solutions will Support Market Growth Despite Contraction in Material Demand
* Required Fields
Pay by invoice
Food packaging is a relatively new domain. Only a few decades ago, the most commonly used packaging material was brown paper. Even about 60 years ago, butter, bacon, and biscuits were sold without packaging. Grocers weighed the quantities customers wanted and wrapped the food well enough for it to be transported home safely. Motor and industrial oil products were packaged in metal cans. While some food products were packaged in cans and glass bottles, a huge range of plastics that are now used as packaging materials were earlier unknown and unavailable.Packaging is now a vital part of the marketing mix. It must be eye-catching for the consumer. Often, at the point of sale, the customer has little to base a purchase decision on, and the attractive and appropriate packaging can influence decision-making. Packaging can also reinforce brand loyalty by prominently presenting brand logos or motifs. Thus, not only does packaging protect the products through the value chain, it also constitutes an intrinsic part of the marketing and presentation of products to end users. Consequently, packaging is important for end users and suppliers alike. As consumers are increasingly becoming environmentally-conscious, concerns around plastic pollution, in specific, are growing. Viral videos and images of plastic waste affecting marine life and polluting the Mariana Trench have made combating plastic pollution the topmost priority for consumers. Pressure from consumers, employees, and stakeholders is forcing the plastics industry to ensure sustainability and adopt practices that promote a more circular economy.The global packaging for food and beverage market, recording $320.1 billion in revenue as of 2018, is expected to reach $368.3 billion by 2030 (registering a CAGR of 1.2%). Key drivers of this growth are proliferation of eCommerce, especially in developing countries, and rising prices driven by the use of technologically advanced packaging materials. Grocery items have not been sold extensively through eCommerce platforms due to concerns regarding their freshness and the high cost of transporting refrigerated items. These concerns are being addressed, and growth in this sector is expected to drive the estimated revenue growth in the market.Volumes of packaging material are expected to decrease slightly during the forecast period. In the near term, volumes are expected to decrease due to the increased demand for lighter-weight and more sustainable packaging solutions. However, growth in the demand for processed food and beverage products will outweigh the lightweighting trend by 2030. This research service provides insights into the packaging for food and beverage market in terms of global and regional revenues (USD billion) and unit shipments measured by material weight (metric tons). Growth opportunities and insights into the competitive landscape are also provided along with an overview on the major factors influencing market growth, such as technology trends and funding activities. The time frame looked at is from 2015 to 2030. The base year is 2018, and growth forecasts are provided up to 2025. Revenue figures and forecasts in the study are based on packaging material company sales, packaging manufacturing, and sales of other value-adding resellers.Author: Christopher Shanahan
Global Coenzyme Q10 Ingredients for Dietary Food Supplements Market, Forecast to 2025
Global Analysis of Major Food Ingredient Manufacturers, 2018
2019 Outlook of the Global Agriculture and Nutrition Industry
Growth Opportunities in the Global Animal and Pet Nutrition Ingredients Market, Forecast to 2025
Global Calcium Ingredients for Dietary Food Supplements Market, Forecast to 2025
ASEAN Aquaculture Market, Forecast to 2022
Global Fermentation-derived Ingredients in Human and Animal Nutrition Market, Forecast to 2022
Traceable Value Chains and Authentication in the APAC Food Industry, Forecast to 2023
Internet of Things and Traceability for Food & Beverage Manufacturing Market, Forecast to 2025
Agriculture & Nutrition Growth Opportunity (GO) Engine
composite materials market
agricultural drones market
electric car market
consumer drone market
medical supplies market
residential energy storage market
renewable energy market
thermal spray coatings market
solar energy market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.