{"id":8257,"date":"2020-04-30T08:23:00","date_gmt":"2020-04-30T08:23:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2531409"},"modified":"2020-04-30T08:23:00","modified_gmt":"2020-04-30T08:23:00","slug":"eco-friendly-food-packaging-market-to-witness-unprecedented-growth-in-coming-years","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/30\/eco-friendly-food-packaging-market-to-witness-unprecedented-growth-in-coming-years\/","title":{"rendered":"Eco-friendly Food Packaging Market to Witness Unprecedented Growth in Coming Years"},"content":{"rendered":"<section class=\"grid-70 grid-parent\">\n<div class=\"grid-100\">\n<div id=\"prbody\">&nbsp;<\/div>\n<\/div>\n<\/section>\n<section class=\"grid-100\">\n<div id=\"webbox\">\n<div class=\"toolbox\">\n<div class=\"leftside\">The report &#8220;<strong><a href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/eco-friendly-food-packaging-market-249469969.html\">Eco-friendly Food Packaging Market<\/a><\/strong> by Material (Paper &amp; Paperboard, Plastic, Metal, Glass), Application (Food, Beverages), Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging), Technique, and Region &#8211; Global Forecast to 2025&#8243;, published by MarketsandMarkets&trade;, the eco-friendly food packaging market is estimated to be valued at USD 174.7 billion in 2020 and is projected to reach USD 249.5 billion by 2025, recording a CAGR of 7.4%, in terms of value. The shift in consumer preferences toward recyclable and eco-friendly materials is driving the market for eco-friendly food packaging globally.<\/p>\n<p>The paper &amp; paperboard segment, by material, is projected to witness significant growth during the forecast period<\/p>\n<p>By material, the paper &amp; paperboard market is segmented into corrugated box, boxboard, rigid box, folded boxes, trays, flexible packaging, paper bags, shipping bags, and sachet\/pouches. The packaging of products differs for the type of foods and beverages served. Paper &amp; paperboards are the most preferred packaging in the food &amp; beverage industry due to its degradable nature and recyclable property. Ready-to-eat, on-the-go, and frozen &amp; fresh foods are nowadays served and transported in the paperboard packaging, which is due to the rise in environmental hazards. Rigid boxes are preferred for transportation. However, fresh products are served inflexible and molded paper &amp; paperboards.<\/p>\n<\/div>\n<div class=\"leftside\">&nbsp;<\/div>\n<div class=\"leftside\"><strong>Speak to Analyst:<\/strong><br \/><a href=\"https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=249469969\">https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=249469969<\/a><\/p>\n<p>Browse in-depth TOC on &#8220;Eco-friendly Food Packaging Market&#8221;<\/p>\n<p>133 &#8211; Tables<br \/>46 &#8211; Figures<br \/>243 &#8211; Pages<\/p>\n<p>The eco-friendly food packaging, by application, is projected to account for a significant share in the market during the forecast period<\/p>\n<p>By application, the eco-friendly food packaging market is segmented into food and beverages as applications. The food segment accounted for the largest share in 2019, acquiring approximately 70% of the overall market. Consumers seek convenience food solutions due to lack of time. The expectations of food quality, hygiene, and growing health awareness are driving the eco-friendly packaging market in the food sector. Beverages are usually served in reusable or recyclable products. Also, food products can be served in biodegradable packaging, which includes paper &amp; paperboards; this is fueling the growth of the segment.<\/p>\n<p>The Asia Pacific region is projected to witness the fastest growth during the forecast period<br \/>The eco-friendly food packaging market in Asia Pacific is projected to witness the highest growth due to the increasing demand for convenience foods due to the busy lifestyles of consumers. There is increasing consumption of on-the-go and ready-to-eat breakfast meals, as a result of urbanization, hectic lifestyles, and high disposable income. The eco-friendly food packaging industry has been growing as a result of the stringent laws and regulations levied by governments and governing bodies, as well as a shift in consumer preferences toward recyclable and eco-friendly packaging materials. Apart from these factors, the downsizing of packaging and breakthrough in new technologies are also driving the eco-friendly food packaging market globally. However, the high cost of recycling and poor infrastructure available for recycling processes are likely to hamper the growth of this market in underdeveloped regions.<\/p>\n<\/div>\n<div class=\"leftside\">&nbsp;<\/div>\n<div class=\"leftside\"><strong>Request Sample Pages:<\/strong><br \/><a class=\"extlink\" title=\"https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=249469969\" href=\"https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=249469969\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">https:\/\/www.marketsandmarkets.com\/requestsampleNew.asp?id=249469969<\/a><\/p>\n<\/div>\n<div class=\"leftside\">This report includes a study on the marketing and development strategies, along with the product portfolios of the leading companies. The global eco-friendly food packaging market includes key players such as Amcor (Australia), Mondi Group (Austria), Sealed Air Corporation (US), Ball Corporation (US), Tetra Pak (Sweden), Crown Holding Inc. (US), BASF (Germany), Huhtamaki Oyj (Finland), Westrock (US), Smurfit Kappa (Ireland), Sonoco Company (US), Evergreen (US), Elopak (Norway), Winppak (Canada), Berry Global, (US), Printpack (US), Paperfoam (The Netherlands), and GWP Group (England). These companies are focusing on new product launches and expansions &amp; investments to expand themselves geographically. They have adopted these strategies to utilize their expertise efficiently, enhance their productivity, and introduce their products to newer markets.<\/div>\n<\/div>\n<\/div>\n<\/section>\n<p class=\"tags\">Tags: <a href=\"https:\/\/icrowdnewswire.com\/tag\/eco-friendly-food-packaging-market\/\" rel=\"tag\">Eco-friendly Food Packaging Market<\/a><\/p>\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/www.marketsandmarkets.com\/Market-Reports\/eco-friendly-food-packaging-market-249469969.html\" target=\"_blank\">http:\/\/www.marketsandmarkets.com\/Market-Reports\/eco-friendly-food-packaging-market-249469969.html<\/a><br \/><b>Contact Information:<\/b><br \/>Mr. Sanjay Gupta<br \/>\nMarketsandMarkets<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/11.2.0\/72x72\/2122.png\" alt=\"&trade;\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> INC.<br \/>\n630 Dundee Road<br \/>\nSuite 430<br \/>\nNorthbrook, IL 60062<br \/>\nUSA : 1-888-600-6441<br \/>\nnewsletter@marketsandmarkets.com<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/extended-distribution\/\" rel=\"category tag\">Extended Distribution<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/research-newswire\/\" rel=\"category tag\">Research Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Mr. Sanjay Gupta<br \/>\nMarketsandMarkets\u2122 INC.<br \/>\n630 Dundee Road<br \/>\nSuite 430<br \/>\nNorthbrook, IL 60062<br \/>\nUSA : 1-888-600-6441<br \/>\nnewsletter@marketsandmarkets.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The report &ldquo;Eco-friendly Food Packaging Market by Material (Paper &amp; Paperboard, Plastic, Metal, Glass), Application (Food, Beverages), Type (Recycled Content Packaging, Degradable Packaging, Reusable Packaging), Technique, and Region &ndash; Global Forecast to 2025&Prime;, published by MarketsandMarkets&trade;, the eco-friendly food packaging market is estimated to be valued at USD 174.7 billion in 2020 and is &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/04\/30\/eco-friendly-food-packaging-market-to-witness-unprecedented-growth-in-coming-years\/\">Continue reading <span>Eco-friendly Food Packaging Market to Witness Unprecedented Growth in Coming Years<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/04\/30\/eco-friendly-food-packaging-market-to-witness-unprecedented-growth-in-coming-years\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,5,4,54],"tags":[],"class_list":["post-8257","post","type-post","status-publish","format-standard","hentry","category-english","category-extended-distribution","category-research-newswire","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - 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