The gaining reputation of this market can be indorsed to increased demand for processed and packaged food and visual appeal of packaged food and convenience for use.
In any economy the major role is generally portrayed by food industry. To ensure the proper hygiene of food products they must be packaged in a well manner. Packaging provides many advantages like protection of the food contents from microorganisms, extending the shelf life and increasing mobility.
The primary factors accounted for the growth of market are increase in demand for processed and packaged food to adapt to the rapid changing lifestyle in developing countries and developed countries and shifting population dynamics to urban areas, increasing consumer awareness regarding the current environmental concerns and gradual modification of buying habits. Conversely the environmental concerns regarding the poor bio-degradability of plastics can hinder the growth of this market. Also, technological improvements in the creation of these packaging materials improves the growing potential of this market
The North America market for Food Packaging is broadly characterized into Material, Type and Application. Based on Material Paper and Board, Metal, Rigid Plastic, Flexible Plastic, Glass and Others. Based on Type Rigid, Semi-rigid and Flexible. Based on Application Bakery, Confectionary, Convenience Foods, Dairy Products, Fruits and Vegetables, Sauces, dressing and condiments and others. Based on geographical analysis the market is characterized into regions of Canada and USA. USA is leading this market with highest share and Canada is second. USA is also the fastest growing region due to its growing urban population and rapid lifestyle changes.
Some of the key firms leading the market include Amcor Ltd., Rock-Tenn Company, Crow Holdings, Owens-Illinois, Rexam, Tetra Pak, Anchor Packaging, CKS Packaging, McCain Foods, Kelloggs, Cargill Inc.
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