Global Bakery Packaging: Market Demand, Growth Analysis & Opportunity and Forecast to 2023
The global bakery packaging market is expected to witness a CAGR of 4.84% during the forecast period. The reason behind the progressive growth of this sector is the increase in the shelf-life of the baked products owing to the extensive use of the modern technologies like vacuum packaging and inert gas packaging along with others. The technologies used results in the longer shelf life of the bakery products, reduction of rancidity and deterioration of food items, controls the odor, taste, and color, maintains the crispness, and prevents the microbial growth. Other than protection and prevention of inside products these innovative packaging solutions provide product information along with the promotion of corporate identity. Advantages such as affordable price and convenient storage will lead to the drive the demand for different packaging solutions over the net five years.
On the basis of geography, bakery packaging market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. North America will lead the global bakery packaging market during the forecast period. Asia-Pacific would experience a surge in bakery packaging solutions demand over the forecast period owing to change in eating habits and high consumption of baked products.
Bakery packaging market is competitive due to the presence of well-diversified international, regional and local players. However, some big international players dominate the market share owing to their brand image and market reach. With high market growth rate and increase in demand, this sector is attracting more players resulting in an enhanced competitive rivalry within the industry.
Some of the players of bakery packaging market include Smurfit Kappa, Mondi Group, Reynolds Group Holdings Limited, WestRock, Sealed Air, Stora Enso, Amcor Limited, Ball Corporation, Napco, and Genpak, LLC.
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Segmentation
The bakery packaging market is segmented as technology, packaging type, packaging material, and geography.
By Technology
Inert Gas Packaging
Gas Packaging
Active Packaging
Vacuum Packaging
By Packaging Type
Thermoforming
Tray Sealing
Horizontal Flow Wrap
Vertical Flow Wrap
Shrink Wrap
By Packaging Material
Glass
Metal
Plastic
Paper
By Geography
North America
South America
Europe
Middle East & Africa
Asia-Pacific
Table of Content
1. Introduction
1.1. Market Definition
1.2. Scope of the study
1.3. Currency
1.4. Assumptions
1.5. Base, and forecast year timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
2.3. Validation
3. Key findings of the study
4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Value Chain Analysis
4.7. Industry Regulations
5. Global Bakery Packaging Market Forecast by Technology (US$ billion)
5.1. Introduction
5.2. Inert Gas Packaging
5.3. Gas Packaging
5.4. Active Packaging
5.5. Vacuum Packaging
6. Global Bakery Packaging Market Forecast by Packaging Type (US$ billion)
6.1. Introduction
6.2. Thermoforming
6.3. Tray Sealing
6.4. Horizontal Flow Wrap
6.5. Vertical Flow Wrap
6.6. Shrink Wrap
7. Global Bakery Packaging Market Forecast by Packaging Material (US$ billion)
7.1. Introduction
7.2. Plastic
7.3. Metal
7.4. Glass
7.5. Paper
8. Global Bakery Packaging Market Forecast by Geography (US$ billion)
8.1. Introduction
8.2. North America
8.3. South America
8.4. Europe
8.5. Middle East and Africa
8.6. Asia-Pacific
……Continued
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Posted by
Vivian Dsena
on Tuesday August 07 2018, 9:01 AM EST.
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