Global food packaging market 2018-2023 | Paper and packaging market research
Food packaging plays a vital role in preserving and transporting a food item to its desired location without hampering its taste or quality. It helps to prevent food products from bacteria, spillage, moisture, and toxins. Food packaging is also used for information transmissions such as the food products nutrition content, expiry date, price, and origin. It also acts as a modern marketing medium for the sellers to attract a large number of consumers. According to the latest report, titled “Food Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global food packaging market reached a value of approximately US$ 273.9 Billion in 2017. A rapid change in the food preferences of the consumers coupled with expanding food retail sector worldwide is one of the major factors catalysing the growth of the global food packaging market. In addition, surging working population, rising disposable incomes and hectic lifestyles have led to ...