Sanitary Food and Beverage Packaging Market to Expand at CAGR of 6% Through 2022
The global sanitary food and beverage packaging market is forecasted to witness substantial growth in the years to come in terms of valuation, according to a new market study by XploreMR. The report attributes the growth of the market to the introduction of stringent government regulations and increased focus on maintaining cleanliness in the entire supply chain.
Furthermore, the sales of packaged food and beverages have significantly increased in the recent past across the globe and the demand for hygiene food products has also upsurged, thereby necessitating sanitary packaging. Likewise, governments across the world are imposing strict regulations on the food industry to prevent contamination of food during transportation, which in turn, is asserting players in the food and beverages sector to maintain cleanliness.
Besides, changing consumer preference for hygiene food services is likely to propel the demand for sanitary food and beverages packaging. On the back of these factors, the global sanitary food and beverage packaging market is forecasted to expand at a healthy CAGR of 6% through the forecast period (2017 - 2022).
Implementation of Stringent Regulations Burgeons Adoption
Stringent regulations on food hygiene are asserting players operating in the food and beverage industry to focus on the cleanliness of food products during transportation and delivery. For instance, the U.S. FDA published its latest Food Safety Modernization Act (FSMA), which focuses on preventing food contamination during transportation.
Besides, manufacturers are also observing the changing consumer preferences and are investing to ensure the best hygiene and safety practices. Stringent government regulations coupled with evolving consumer demand will continue to complement the growth of the global sanitary food and beverage packaging market.
Segmental Highlights: Paperboard Segment Accounts for 1/3rd Global Market
Based on the packaging type, the global sanitary food and beverage packaging market is segmented into paperboard, metal, rigid plastic, flexible plastic, and glass. Among them, the paperboard segment is forecasted to remain the most sought-out packaging type, accounting for more than 1/3rd of the global share. The demand for paperboard is attributed to early penetration, affordability, and wide-scale availability
Among the different types of products available, including milk & other beverage cartons, cups & liquid tight containers, folding food containers, boards & trays, and other product types, the milk & other beverage contributes to the majority of market growth. Accounting for nearly a quarter of global share, the segment is forecasted to grow at a CAGR of 7% through the assessment period. On the other hand, the cups & liquid tight containers are expected to gain healthy traction in the years to come
North America to be Valued at US$ 2 Bn in 2022
On the regional front, Asia Pacific Except for Japan (APEJ) is forecasted to remain the leading region, owing to high demand in developing economies such as China and India, rapid urbanization, rising levels of disposable income among consumers. Furthermore, backed by rising consumer awareness, manufacturers are focusing on delivering quality food. On the other North America will also remain a prominent region owing to the presence of strict rules, representing a valuation of over US$ 2 Bn, and will grow at a CAGR of over 7%.
Competitive Landscape of Sanitary Food and Beverage Packaging Market
The leading players profiled in the report include FP Corporation, Chuo Kagaku Co., Ltd., Karatzis S.A., Crown Holdings, Inc., Ball Corporation, Silgan Containers, LLC, Kaira Can Company Limited, and Canfab Packaging Inc. Focus on advanced packaging technologies and consolidating their position in APEJ remain the key focus areas of these companies.
An insightful report titled “Sanitary Food and Beverage Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)” has been added to the vast repository of XploreMR. The report offers valuable information on the key forces at play in the global sanitary food and beverage packaging market. Analysis on market drivers, restraints, opportunities, and challenges is offered to readers in a lucid and seamless format.
The report analyzes the global sanitary food and beverage packaging market in detail, offering valuable information and recommendation to key players in this market. The report also offers a detailed profiling on the key players operating in the global market.
The report on the sanitary food and beverage packaging market offers readers an overview on the historical data and future projections. The report begins with an executive summary which gives readers an overview of the entire market. A brief definition and introduction of the report is also offered in the beginning.
The executive summary also offers information on the most attractive markets, and those segments which are likely to witness the highest growth during the forecast period. Valuable insights pertaining to pricing analysis, product life cycle, and cost structure is also offered in the report.
To offer detailed analysis on the market, the report offers segmentation on the basis of packaging type and product type. Comparisons by year-on-year and market share are also offered to readers, to give readers detailed overview on the market. The report also includes specific chapters dedicated to regional and country-wise analysis. The key regions covered in the report include North America, APEJ, Latin America, Japan, Middle East & Africa (MEA), and Europe. The market performance in leading countries in these regions is also analyzed.
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The report’s concluding section offer a complete overview on the key players operating in the market. The key information offered to readers includes an overview of the company, key strategic developments, and SWOT analysis. This section of the report is particularly significant, as it gives readers insights into how players in the market are adapting to the ever-evolving trends and developments. This section of the report is one of the most important, as readers get credible information on the competitive scenario of the market.
The experts at XploreMR bank of an exhaustive analysis to bring to fore intelligence that aids in strategic decision-making. A combination of rigorous primary and secondary research ensures that every report from XploreMR is accurate and unbiased. The creation of every report involves detailed feedback from thought leaders and industry stakeholders. Company profiling is carried out by after referring to databases, investor releases, and media releases. XploreMR’ robust methodology helps in creation of reports of the highest quality.
Sanitary Food and Beverage Packaging Market: Increasing Emphasis on F&B Safety Driving Growth: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2022)Buy Now
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