Global Food Packaging Market to Attain Sales of USD 251.8 Billion in 2013, Expects Visiongain21 May 2013 • by Natalie Aster
The global food packaging market can be seen to have reached a plateau in terms of technology and its ability to carry out its primary duty which is that of protecting and extending the life of the foods stuffs within the packaging. Being quite a mature market growth is neither slow nor excessive with an equilibrium being achieved by the meeting of slowing growth in the more developed economies of the west and the burgeoning economies of the east.
New report “Global Food Packaging Market 2013-2023” by Visiongain forecasts that the global food packaging market will attain sales of $251.8bn in 2013.
Global Food Packaging Market 2013-2023
Published: April, 2013
Price: US$ 2,738.00
In the west food packaging has advanced to its limit to a point where any new technologies or developments come at great financial, research and design costs and the benefit of these discoveries on the already existing packaging are marginal at best. Focus in these mature markets has now drifted to branding and the development of new and more exotic food stuffs. Whereas in the eastern markets it is a case of playing catch up in terms of technology and pushing out the reach of supply chains and logistic channels as the life of foods within packaging have met their limits and now infrastructure and logistics has to cover the gap to enable food to reach their end customers from the farm gate.
Looking at the materials comprising the global food packaging market, certain countries favour certain materials such as America and paperboard and Brazil with glass but overall there is a clear trend that plastics of both a flexible and rigid type are the most favoured and in the most demand simply due to their costs and performance as a malleable material and ability to cope in almost all environments.
More information can be found in the report “Global Food Packaging Market 2013-2023” by Visiongain.
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