Food can be described as any substance that is consumed to provide nutritional support to the body. Food contains carbohydrates, minerals, fats, proteins and vitamins to support the growth of the body. The concept of packaged food came into existence owing to factors such as easy cooking, consumption, handling, and safety from external tampering. Changing lifestyle, convenience of consumption and increased health awareness are the main factors driving the growth of the packaged food market.
Shift in trends towards convenient packaging due to lightweight characteristic and ease of use may propel market growth. Manufacturers are moving towards flexible packaging Packaged food industry analysis it creates less waste due to lower utilization of crude materials, requires less storage room along with easy transport.
Barrier against moisture, appropriate sealing and heat insulation are key properties fueling industry growth.
Technological advancement, improving barrier properties, developing thin elastic material along with innovations in high-speed filling equipment will drive flexible packaging market growth. Easy transportation and storage along with sustainable properties fueled the product demand.
Export trading industry expansion are key factors enhancing the overall industry growth. E-commerce industry expansion particularly in China, India and Vietnam will trigger the industry growth as e-commerce emphasizes on packaging to improve the customer experience.
Alibaba an e-commerce company has shipped around 12 million parcels per day in Stringent government regulations regarding polymer and recyclability of packaging material may hinder the flexible packaging market growth. Increasing aluminium and polymer prices due to political unrest may impact the flexible packaging market price trend.
Durability and cost effectiveness makes the product highly demanding among the users. Rising environmental concerns and stringent government regulation regarding CO2 emission may drive industry towards more eco-friendly and biodegradable materials including cellulosic and bioplastics.
Innovations in shale gas, growing PE film usage and reducing PE resin cost will trigger the polyethylene flexible packaging demand. High moisture barrier, good low temperature performance, high durability as well as ability to seal without any coating are some properties influencing material penetration.
Paper flexible packaging market was worth over USD 15 billion in The material is widely utilized in medical and pharmaceutical industries with an aim to reduce infections and contamination. Flexible Packaging Market, By Application Upsurge in demand from packaged and processed food as a result of changing lifestyle and eating habits has positively influenced flexible packaging market share from food and beverages application.
Increasing spending on bakery and cereal goods along with rising consumer consciousness pertaining to food safety and hygiene will drive the industry growth in this segment. Digital printing technology is widely used in this industry to serve the purpose of labelling on the flexible packaging.
Enhanced safety, less maintenance, efficient energy consumption and minimizing waste are some of the beneficial factors enhancing digital printing. Rising consumer demand for processed and packed food items and shifting preference for aesthetically appealing products will fuel the flexible packaging market demand.
Healthcare application is set to witness highest gains up to Rising disposable income accompanied by regulatory support will drive the healthcare industry growth.
Flexible Packaging Market, By Product Stand up pouches and pillow pouches are most widely used flexible packaging products. Low cost, high sealing ability and cost efficient transportation are some of the key properties positively influencing product penetration.
High barrier properties against moisture and oxygen coupled with low material usage and cost effective properties will fuel the stand-up pouches demand.
Thermally processed foods are packed in these products to extend the shelf life. Other flexible packaging products include retort pouches, four side seal pouches, blisters, lidding, and portion packs.
Increasing consumer demand for cosmetics and processed food owing to the rising purchasing power will drive regional growth. Expansion in confectionery, diary and medical industry, technological advancement in barrier materials coupled with rising retail business, stand up pouches usage will trigger the industry growth.
Brazil and Argentina will be key contributing countries, increase in consumer affordability along with e-commerce industry expansion will support the business growth.
Competitive Market Share Global flexible packaging market share is fragmented owing to the presence of numerous regional industry participants. Mergers and acquisitions as well as product portfolio expansion were the major strategies adopted by the companies to maximize geographical coverage.
Flexible Packaging Industry Background Flexible package is a container when filled can readily change in shape. Development in flexible films has led healthy growth in the overall industry. It is the second largest packaging segment because of its large beneficial properties.
It is widely used in confectionaries, frozen food and FMCG sectors. Zip locks, re-sealable seals and spouts are some of the features making the usage more convenient.A scan of the horizon reveals a year that appears to be on the cusp of profound change.
And yet, the closer a major leap forward seems, the more one is reminded of the last-mile challenges associated with next generation innovation. This guidance document restates in plain language the legal requirements set forth in the DS CGMP rule (21 CFR part ).
The DS CGMP rule is binding and has the full force and effect of law. Industry Analysis Introduction. According to Market Research, the packaged food industry “consists of all types of foods and/or beverages found in mass, gourmet, and specialty markets internationally.
The Nutrition Labeling and Education Act of (NLEA) currently dictates what information is presented on food labels. The NLEA requires that the Calorie level placed on a packaged food be. Food Industry News, Analysis and Insights. Comprehensive coverage of the food industry's latest, breaking news and insights brought to you by just-food's leading network of international journalists.
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