Bakery Packaging Market 2024 Key Players Mondi Group, Amcor, Reynolds Group (Pactiv), Crown Holdings Inc., Rock-Tenn Company, Smurfit Kappa and Bemis
The metal bakery packaging market size includes boxes, tins and containers, most of them made from aluminum, due to its lightweight and superior thermal properties.
(EMAILWIRE.COM, August 17, 2018 ) Storage convenience, availability of variable sizes and affordable prices are some factors which shall positively influence Bakery Packaging Market in the coming years. Based on the material, bakery packaging market size is classified into flexible, rigid and metal packaging. In 2016, flexible segment accounted for the largest share of the total bakery packaging market size and is anticipated to show similar growth trends over the next few years.
Rising demand of flexible retort, stand-up pouches, films & sheets, bags and plastic tubs for bakery food products packaging is a prime factor responsible for this segment’s growth. Several value-added benefits of flexible packaging include lightweight, which lowers the overall transportation cost and eventually lowers the carbon footprint. Additional benefits of flexible bakery packaging include reduction in landfill waste and lesser energy requirements in manufacturing process.
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Global Bakery Packaging Market size is likely to witness a healthy CAGR over the projected timeframe. Packaging plays a vital role for attracting consumers as well as in proper storage and transportation of bakery products.
Rising consumer inclination towards packaged and frozen food products which is attributed to rapid urbanization and rising per capita consumer income primarily in the emerging economies is likely to make a prominent contribution towards bakery packaging market during the forecast period. Moreover, retailer’s preference for single serving and multipacks as they occupy low shelf space enables them to offer consumers with new and multiple varieties of bakery products in desirable quantities which will help attain significant bakery packaging market size by 2024.
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North America is anticipated to lead the global bakery packaging market size over the forecast timespan. This is attributed to the rising bakery and confectionary products demand and incessantly developing food & beverage industry in the region. For instance, North America food & beverage industry is likely to grow at a CAGR of over 5% which will drive bakery packaging market size by 2024. Latin America and Europe are also likely to witness substantial rise in product demand owing to the consumer preferences for frozen food, desserts and other breakfast cereals products.
The prominent market share contributors operational in bakery packaging market are Mondi Group, Amcor, Reynolds Group (Pactiv), Crown Holdings Inc., Rock-Tenn Company, Smurfit Kappa and Bemis. Other companies include Benson Box, Brow Packaging, Unger, Genpak, NAPCO, Wipak, WestRock and Sydney Packaging. Companies are constantly adding products to its product portfolio for retention of existing customers and new customers acquisition.
Rising demand of flexible retort, stand-up pouches, films & sheets, bags and plastic tubs for bakery food products packaging is a prime factor responsible for this segment’s growth. Several value-added benefits of flexible packaging include lightweight, which lowers the overall transportation cost and eventually lowers the carbon footprint. Additional benefits of flexible bakery packaging include reduction in landfill waste and lesser energy requirements in manufacturing process.
Request for table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/2226
Global Bakery Packaging Market size is likely to witness a healthy CAGR over the projected timeframe. Packaging plays a vital role for attracting consumers as well as in proper storage and transportation of bakery products.
Rising consumer inclination towards packaged and frozen food products which is attributed to rapid urbanization and rising per capita consumer income primarily in the emerging economies is likely to make a prominent contribution towards bakery packaging market during the forecast period. Moreover, retailer’s preference for single serving and multipacks as they occupy low shelf space enables them to offer consumers with new and multiple varieties of bakery products in desirable quantities which will help attain significant bakery packaging market size by 2024.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2226
North America is anticipated to lead the global bakery packaging market size over the forecast timespan. This is attributed to the rising bakery and confectionary products demand and incessantly developing food & beverage industry in the region. For instance, North America food & beverage industry is likely to grow at a CAGR of over 5% which will drive bakery packaging market size by 2024. Latin America and Europe are also likely to witness substantial rise in product demand owing to the consumer preferences for frozen food, desserts and other breakfast cereals products.
The prominent market share contributors operational in bakery packaging market are Mondi Group, Amcor, Reynolds Group (Pactiv), Crown Holdings Inc., Rock-Tenn Company, Smurfit Kappa and Bemis. Other companies include Benson Box, Brow Packaging, Unger, Genpak, NAPCO, Wipak, WestRock and Sydney Packaging. Companies are constantly adding products to its product portfolio for retention of existing customers and new customers acquisition.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results