Published on : Aug 02, 2018
Albany, New York, August 2, 2018: An intelligent forecast study, titled “Sanitary Food and Beverage Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)” has been recently publicized to the vast online repository of Market Research Hub (MRH). The report delivers a clear understanding of the market, by presenting historical data and estimated figures till 2022 concerning some prime regions such as North America, Asia-Pacific, Europe, the Middle East and Africa, and Latin America. Moreover, the report also highlights opportunities in the sanitary food and beverage packaging market at the global and regional level.
According to the research prime findings, the global market for sanitary food and beverage packaging will expand at a value CAGR of early 6% during the forecast period 2017-2022. It has been also stated in the study that North America and APEJ represents two of the most lucrative regions in the global sanitary food and beverage packaging market.
Key Factors Fueling Market Growth
Maintaining hygiene is a crucial emphasis of the manufactures involved in the food and beverages industry. The analysts of the report find that the global sanitary food and beverage packaging market continues to be driven by growing consumer focus on the hygiene aspect of the food they consume. Apart from that, a combination of government regulations and evolving consumer demand is likely to lift the growth of global sanitary food and beverage packaging market.
The study further also analyzes a major fact about the market, which is growing disposable income and urbanization. These two are the key macroeconomic factors boosting the demand for sanitary food and packaging globally.
In order to provide a clear overview of the market, the report begins with an executive summary which gives readers an overview of the entire market. A brief definition and introduction of the report are also offered in the beginning. Additionally, the readers will also infer the details of attractive regional markets, and those segments which are anticipated to witness the highest growth during the mentioned forecast period.
The major segments highlighted in the study include packaging type, product type, and country-wise analysis. By product type, the study covers milk and other beverage cartons, cups and liquid-tight containers, folding food containers, board and trays and others. On the basis of the packaging type, the study covers paperboard, flexible plastic, rigid plastic, glass, metal and others. By product type, cups & liquid tight containers continue to remain the most lucrative segment globally, finds the study. On the other hand, paperboard holds a significant share in the overall market growth.
At last, the research reveals that key players active in the market are implementing various strategies to maintain their competitive edge. Major players in the market are Chuo Kagaku Co., FP Corporation, Ltd., Karatzis S.A., Ball Corporation, Crown Holdings, Inc., Silgan Containers, LLC, Kaira Can Company Limited, and Canfab Packaging Inc.
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