The global bakery packaging market is forecast to grow at a CAGR of 4.34% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Use of innovative packaging material and design is one of the key trends spurring this market's growth. Vendors in the bakery packaging market compete primarily on the basis of innovative design. New features focus on enhancing ease of handling and convenience, particularly on-the-go. Demand for closures with tamper-evident seals and secure closing features, such as the resealability of zippers and press-to-close closures, is on the rise.
The market is also seeing the introduction of new packaging materials with improved mechanical, barrier, and antimicrobial properties. Edible films are another key area of research in the food packaging sector in general. In the bakery industry, the technology will allow for better preservation of the product by making use of naturally available materials with antimicrobial properties. The films are also environment-friendly.
According to the report, the emergence of multipacks and small-sized packs is one of the primary drivers contributing to the growth of this market. Rising demand for multipacks and small-sized packs has motivated packaging companies to expand their product and material offering for every product in the bakery packaging market. In the mass consumption branded category, a rise in number of single-person households has led to increased demand for multipack and small pack sizes of various consumer products.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Reynolds Group Holdings
- Smurfit Kappa
- As Food Packaging
- Benson Box
- Brow Packaging
- Sydney Packaging
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by material
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/92br3z/global_bakery
Related Topics: Packaging
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SOURCE Research and Markets