Global Food and Drink Packaging Market: Introduction
Food and drink packaging gives tampering resistance, protection, along with particular biological, chemical, and physical needs for the food and drink. Moreover, food packaging helps reliable and quick food distribution, and food nutrition, coupled with decreased post-harvest loss.
There has been surging demand for microwave meals, ready-to-cook foods, for people engrossed in busy lifestyle. Surging demand regarding bottled water, tea, and aerated soft-drinks is pumping the demand in global food and drink packaging market.
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Global Food and Drink Packaging Market: Novel Developments
- In 2009, Coca-Cola introduced the world’s first PET can, PlantBottle produced using recyclable materials. This jug is produced utilizing patented innovation that utilizations sugarcane and waste from sugarcane manufacturing process. Since the launch, the organization has delivered over 35 billion PlantBottles crosswise over 40 nations. The organization professes to have diminished carbon footprints by 315,000 tons utilizing these jugs.
Such activities won’t just lessen carbon impression and help an organization to build up as an environment-friendly brand, yet additionally guarantee in-time product delivery.
- Bio-on, an Italian Biotech giant, in 2016, made biodegradable cartons made up of bioplastic and paper partnered with Tampere University of Technology, Finland. The containers are safe for usage for medical and food and drinks applications and are completely biodegradable.
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Ongoing consolidation in the food and drink packaging market has additionally expanded the demand of food and drinks packaging globally. The key players working in food and drinks packaging market incorporate Ball Corporation, Tera Pak, PARKSONS Packaging Limited; Amcor Limited, CROWN PACKAGING CORP., Ampac Holdings, LLC, Cellpack Packaging, Bischof +Klein GMBH and CO.KG, Britton Group, Bemis Company, Inc., Clondalkin Group., Constantia Flexibles International GmbH, Huhtamaki Oyj, Flextrus AB, Mondi plc, Sonoco Products Company, Sealed Air Corporation, Ukrplastic and Wipak Group.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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