Bakery Packaging Market (4.34% CAGR) Grow to 2020
Sep 14, 2016
RnRMarketResearch.com adds Global Bakery Packaging Market 2016-2020 latest research report, the analysts forecast global bakery packaging market to grow at a CAGR of 4.34% during the period 2016-2020.
September 14, 2016 /MarketersMedia/ —
The global bakery packaging market analyst says use of innovative packaging material and design is one of the key trends spurring this market's growth. Vendors in the bakery packaging market compete primarily on the basis of innovative design. New features focus on enhancing ease of handling and convenience, particularly on-the-go. Demand for closures with tamper-evident seals and secure closing features, such as the resealability of zippers and press-to-close closures, is on the rise. The market is also seeing the introduction of new packaging materials with improved mechanical, barrier, and antimicrobial properties. Edible films are another key area of research in the food packaging sector in general.
Complete report on bakery packaging market spread across 63 pages, analyzing 5 major companies and providing 31 data exhibits are now available at http://www.rnrmarketresearch.com/global-bakery-packaging-market-2016-2020-market-report.html
According to the bakery packaging market report, the emergence of multipacks and small-sized packs is one of the primary drivers contributing to the growth of this market. Rising demand for multipacks and small-sized packs has motivated packaging companies to expand their product and material offering for every product in the bakery packaging market. In the mass consumption branded category, a rise in number of single-person households has led to increased demand for multipack and small pack sizes of various consumer products. This preference for small-sized packs affords opportunities for brand switching, as consumers buy products regularly and are not committed to using up large volumes.
The growth of this market is fueled by the recent increase in shelf life, which can be achieved with the help of modified atmosphere packaging. Vendors are increasingly adopting this packaging for bakery products as it allows them to enhance product shelf life without the need for additional cost factors such as temperature-controlled transportation and warehousing. During 2015, the Americas dominated the global bakery packaging market by accounting for almost 39% of the overall market share. The concentration of prominent vendors from the bakery packaging market in the US is expected to drive the growth of this market in the Americas during the forecast period. Order a copy of Global Bakery Packaging Market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=688900
The following companies are the key players in the global bakery packaging market: Amcor, Bemis, Mondi, Reynolds Group Holdings, and Smurfit Kappa. Other prominent vendors in the market are: As Food Packaging, Benson Box, Brow Packaging, Genpak, NAPCO, Sydney Packaging, Unger, WestRock, and Wipak.
The flexibles segment accounted for a market share of almost 50% to become the dominant shareholder in the global bakery packaging market. The growth of this market segment is driven primarily by favorable properties such as its lightweight nature, which reduces companies' transportation costs and carbon footprint. Flexible plastic packaging includes films and sheets, pouches, and bags. The increasing demand for single-serving and smaller size packets will drive further growth in the global flexible bakery packaging market by 2020.
Global Bakery Packaging Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global bakery packaging market for 2016-2020. To calculate the market size, the report considers the revenue generated from segments such as type of material and geography.
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Source: http://marketersmedia.com/bakery-packaging-market-4-34-cagr-grow-to-2020/132435
Release ID: 132435
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