Adoption of Sustainable Packaging to Fuel Asia-Pacific Beverage Packaging Market
Published: Sep 2020
The Asia-Pacific beverage packaging market is projected to showcase a CAGR of 8.1% during the forecast period (2020-2026). The key factors that drive the growth of the Asia-Pacific beverage packaging industry include the presence of a huge customer base and the fast-growing economies.
Changing Consumer Preferences to Lead the Global Beverage Packaging Market Growth
Published: Sep 2020
The global beverage packaging market is projected to grow at a CAGR of 5.7% over the forecast period. The key factors that influence the growth of the global beverage packaging market include the surging demand for convenience as well as sustainable packaging solutions amongst the consumers.
Key Players Contribution to Fuel the US Food Packaging Market
Published: Sep 2020
The US food packaging market is projected to grow at a CAGR of 5.3% during the forecast period. The key factors that drive the growth of the US food packaging industry include the increasing focus of food packaging manufacturers towards innovations.
Advancements in the Packaging Fuels the North American Food Packaging Market
Published: Sep 2020
The North American food packaging market is projected to grow at a CAGR of 5.7% during the forecast period. The key factors that drive the growth of the market include rapid advancements in the packaging industry in the region.
Rising Packaging Sector to Influence the India Food Packaging Market
Published: Sep 2020
The Indian food packaging market is projected to grow at a significant CAGR of 9.3% during the forecast period. The key factors that drive the growth of the market include the rising food industry in the country. The India Brand Equity Foundation in 2019 estimated that the packaged food industry in India will cross $65 billion by 2020 and become the third-largest market for packaged food.
Increased Plastic Adoption to Fuel the European Food Packaging Market
Published: Sep 2020
The European food packaging market is projected to grow at a CAGR of 6.2% during the forecast period. The key factors that drive the growth of the market include the increased use of plastics in the packaging sector. According to the PlasticEurope, in 2018, the packaging segment accounted for approximately 40% share of the overall plastics market in Europe.
Introduction of New Vegan Baking Ingredients will Drive the Growth of the Vegan Baking Ingredients Market
Published: Sep 2020
The global vegan baking ingredients market is anticipated to grow with a lucrative CAGR during the forecast period. The growth of the vegan baking ingredients market is attributed to the consumer’s increasing adoption of a vegan diet into their daily lifestyle all across the globe. The recent shift in consumer behavior is driving the market players in the baking industry to replace traditional ingredients with vegan ingredients in their product offerings.
Wide Range of Polypropylene Films Application will Considerably Drive the Polypropylene Films Market Size
Published: Sep 2020
The global polypropylene film market is anticipated to grow with a significant CAGR of 8.3% during the forecast period. The growth of the polypropylene film market is attributed to its increasing application in packaging owing to its lightweight property. Polypropylene films exhibit great efficiency and cost-effectiveness in comparison to other packaging plastic films.
The Increasing Use of PET will Propel the Global Plastic Bottles and Containers Market
Published: Sep 2020
The global plastic bottles and containers market is anticipated to grow with a significant CAGR of 5.5% during the forecast period. The growth of the plastic bottles and containers market is attributed to the increasing trend of polyethylene terephthalate (PET) packaging across the globe. The adoption of PET (that is extruded or molded into plastic bottles and containers) is increasing significantly in end-user industries such as foods and beverages, personal care products, and various other consumer products.
The Medical Packaging Market is Driven Significantly with the Micro Packaging Trend in the Industry
Published: Sep 2020
The global medical packaging market is anticipated to grow with a significant CAGR of 6.1% during the forecast period. The growth of the medical packaging market is attributed to the rapidly changing healthcare industry. The medical packaging market is continuously experiencing various changes owing to the outbreak of new diseases, increasing regulatory norms, and growth in advanced healthcare systems.