The increasing consumption of convenience foods owing to the rapidly changing lifestyle of consumers is driving the growth of the Food Packaging Market Share. The key players in the market have convenience features in the food packaging such as easy opening, portability, and single-use packaging which are driving innovations for packaging of processed foods. The two aspects which drive the growth of the Food Packaging Market Share are visual appeal and convenience.

Segmentation

Food Packaging Market Share is segmented on the basis material, type and application. Based on material, the Food Packaging Market Share has been segmented into glass, paper & paperboard, plastic, metal and others. Based on application, the Food Packaging Market Share has been segmented into bakery & confectionery, dairy, meat, fruits and vegetables and others. Amongst these, the meat segment is projecting noteworthy growth in the global Food Packaging Market Share owing to rise preference for protein-rich food, which is leading to the increase in consumption of seafood and meat products.

Based on type, the Food Packaging Market has been segmented into bottles, cans, pouches, boxes, and others. The boxes segment accounts for the major share in the global Food Packaging Market Share over the forecast period.

Regional Analysis

The global [FURL=https://www.marketresearchfuture.com/reports/food-packaging-market-2086]Food Packaging Market Share[/FURL] has been geographically segmented into for major regions such as Europe, Asia Pacific, North America and the Middle East and Africa. The North America region constitutes a major share of the global Food Packaging Market Share. High demand for packaged food by the large urban population is majorly driving the Food Packaging Market Share in this region. Increasing consumer preference for packaged food in the developing countries of the Asia Pacific region is fueling the growth of Food Packaging Market Share in this region. Increasing demand for high-quality packaging for frozen food and other products is driving the Food Packaging Market Share in the Europe region.

Industry Updates

In October 2018, Evoware, an Indonesian startup that designs food wrapping and sachets, has come up with an edible food packaging alternative. This packaging is made out of seaweed and is being used for three different purposes that include package coffee, noodle seasonings and wrappers for burgers.

In October 2018, Mondelez International, an American multinational confectionery, food and beverages company, has announced that it will shift to all recyclable packaging by the end of 2025.

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