Asia Pacific Food Packaging Market 2015-2019 with Amcor, Crown Holdings, Owens-Illinois, Rexam & Tetra Pak International Dominating

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Apr 02, 2015, 08:18 ET

DUBLIN, Mar. 31, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/kzfjfk/food_packaging) has announced the addition of the "Food Packaging Market in the APAC Region 2015-2019" report to their offering.

The analysts forecast the Food Packaging market in the APAC region to grow at a CAGR of 4.19 percent over the period 2014-2019.

The Food Packaging market is witnessing the emergence of many new and innovative packaging materials and techniques that not only increases the shelf life of a product but also enhance its aesthetic appeal. Some food packaging types include cups, cans, sachets, bottles, and tubs, which are made based on the requirement of the product as well as the convenience of customers.

One of the key trends emerging in the market is increased demand for convenience packaging, which is forcing vendors to develop innovative packaging solutions. Most of the innovation in the market is centered on providing convenience for on-the-go consumption. Quality of the packaged food product is the consumer's prime concern during purchase and includes parameters such as convenience, appearance, taste, and nutrient content.

According to the report, growth in urban population and the resultant increase in demand for processed and prepared food have a significant impact on the growth of the market. Urban consumers increasingly prefer ready-to-eat products and are willing to spend on expensive food products.

Further, the report states that one of the key challenges faced by the market is contamination of packaged food. Chemicals used in packaging materials may contaminate the food products stored in them. Vendors in the market have to invest heavily in R&D to develop packaging products that do not react with the content.

The Food Packaging market in the APAC region can be categorized into five segments: Flexible, Rigid Plastic, Metal, Glass, and Others. Based on application, the market can be segmented into the Bakery, Confectionery, and Dairy Products; Meat and Meat Products; Sauces, Dressings, and Condiments; Fish and Seafood; Ready Meals; Fruits and Vegetables; and Other segments.

Key Vendors