NEW YORK, Nov. 5, 2015 /PRNewswire/ --
Use this report to:
Learn about the packaging technologies comprising active, controlled, intelligent packaging along with advanced packaging components.
Analyze and assesses the application of packaging in the food and beverage markets.
Evaluate packaging subcategories, regulatory aspects, patents, and market drivers and challenges.
Receive information about the strength and weaknesses of each type of technology in light of growing competition and changing customer needs.
Global packaging market revenues totaled nearly $42.5 billion in 2014. It is estimated this market will increase from $43.3 billion in 2015 to nearly $48.3 billion by 2020 at a compound annual growth rate (CAGR) of 2.2% through 2020.
Controlled packaging accounted for the highest revenue within this market and is estimated to grow from $19.8 billion in 2015 to $22.1 billion by 2020 with a CAGR of 2.2%.
Active packaging should total $11.6 billion in 2015 and nearly $13.2 billion by 2020 increasing at a five-year CAGR of 2.5% through 2020.
Growing consumer requirements for fresh food and packaged consumables with a long shelf life, along with lifestyle changes that demand ready-to-eat and easy-to-cook food are promoting the growth of the food and beverage packaging industry. The objective behind conducting this study is to provide an overview of the current and future global market for food and beverage packaging.
This report explores current and future strategies within the packaging technologies market, which include active, intelligent, controlled and advanced packaging. The
inventiveness, demands and obstacles within the market are discussed in this report.
The classification, comparison and usage of these types of packaging methods are also discussed.
The food and beverage industry is benefiting from various packaging technologies.
Applications of these technologies are discussed in the report. A detailed analysis of the industry structure of the food and beverage packaging industry has been
conducted. Market revenues are broken down by region and are estimated for the five-year period from 2015 through 2020. The report also covers significant patents
and the activity within each segment.
REASONS FOR DOING THIS STUDY
Packaging technologies improve the sustainability and reliability of products and aid in managing their inventory. Packaging technologies also protect food and beverages
from outside influences, such as harmful ultraviolet (UV) rays and oxidation, and can help keep products fresh and aesthetically attractive. The flexibility offered by
packaging technologies help in product storage, transportation and shipment.
Extensive research in the field of packaging technologies has revealed the benefits of their use in the food and beverage market. Modern industries have now begun to
explore the advantages of packaging technologies in their production and processes.
This has led to a steady market for them.
Spending on research and development, along with increasing competition and new technologies are providing new direction to this industry. The advancements, new
product launches and changing lifestyles have driven market growth. This study looks at the systems affected by these factors.
Acquisition strategies and collaborations by companies are also covered in this report.
This study also discusses the strength and weaknesses of each type/technology in light of the upcoming technologies, growing competition and changing customer needs
SCOPE OF THE STUDY
The scope of this study includes packaging technologies comprising active, controlled, intelligent packaging along with advanced packaging components. This report analyzes
and assesses the application of packaging in the food and beverage markets. It also evaluates packaging subcategories, regulatory aspects, patents, and market drivers
and challenges. The report analyzes each market and its application, market projections and market shares.
In this report, North America consists of the United States and Canada, whereas the emerging markets cover India, Japan, China, Singapore, Taiwan, Korea, Brazil, Africa,
Australia and New Zealand. The report also covers the European markets.
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