The trending report published by Crystal Market
Research titled, Bakery Packaging Market, approximates that
the Bakery Packaging industry size is estimated to flourish at a significant
CAGR in the future, and this is attributed to the escalation in need for this
product across the globe along with novel innovations in the market.
The Bakery Packaging Market was worth USD 247.45 billion in the year 2014 and is expected to reach approximately USD 348.27 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.87% during the forecast period.
Material Outlook:
On the basis of material, bakery packaging market estimate is ordered into rigid, metal and flexible packaging. In 2016, flexible section represented the biggest share of the aggregate bread kitchen bundling market measure and is expected to reflect comparative development slants throughout the following couple of years. Flexible bakery packaging portion incorporates biaxial-situated polyethylene terephthalate (BoPET), having predominant rigidity, chemical stability, transparency and tensile strength. Rigid bakery packaging market demand is energized by progression in polymer bundling materials and extension of retail distribution chain. Products including thin wall and plastic boxes packaging helps in upgrading brand advance and innovation.
Napco Security Technologies
WestRock
Brow Packaging
Reynolds Group
Amcor
Crown Holdings
Mondi
Unger
Genpak
Sydney Packaging.
Regional Outlook:
North America is foreseen to lead the worldwide bakery packaging market measure over the gauge time’s pan. This is credited to the rising requirement for confectionary and bakery products and perpetually growing food & beverage industry in the locale. North America food & beverage sector is foreseen to develop at a significant rate which will drive bakery packaging market in the upcoming years. Asia Pacific is foreseen to witness fast development in the bakery packaging market measure in the coming years attributable to the changing usage propensities and rising interest for single serve packs for biscuits, frozen food , confectionary and breakfast cereals. The business sectors in Middle East and Africa are foreseen to demonstrate slow development because of the emerging food & beverage industry in this district.
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The Bakery Packaging Market is segmented as follows-
By Material:
Metal packaging
Flexible packaging
Rigid packaging
By Packaging Technique:
Gas packaging
Vacuum packaging
Active packaging
Modified atmosphere packaging
Flushing with inert gases
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Report’s Magnitude:
This report contains Segment wise in-depth analysis in terms several above-mentioned segments along with market size forecasts and approximations to observe significant areas of industry growth in detail. Additionally, an executive summary, summarizing the entire report in such a way that decision-making team can speedily become familiar with background information, summarizing analysis and main conclusions.
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