The European food packaging market is projected to grow at a CAGR of 6.2% during the forecast period. The key factors that drive the growth of the market include the increased use of plastics in the packaging sector. According to the PlasticEurope, in 2018, the packaging segment accounted for approximately 40% share of the overall plastics market in Europe. However, there has been an increased amount of plastic waste for recycling has been generated due to the overuse of plastics. Nevertheless, several players are engaged in rapid R&D activities regarding the manufacture of bio-based plastics or bioplastics for packaging purposes. Thus, this is likely to create ample opportunities for the growth of the packaging industry, and in turn, it will flourish the European food packaging market over the forecast period.
Browse the full report description European Food Packaging Market Size, Share & Trends Analysis Report by Material (Plastic, Paper & Paperboard, and Others), By Packaging (Flexible Packaging, Semi-Rigid Packaging, and Rigid Packaging), By Application (Dairy Products, Fruits & Vegetables, Bakery & Confectionery, Poultry & Meat Products, Convenience Food, and Others) Forecast, 2020-2026 at https://www.omrglobal.com/industry-reports/european-food-packaging-market
Further, there are several government regulations imposed to curb down the single-use plastics across Europe. The packaging companies are becoming more focused on investing in environmentally friendly packaging products. Due to this, there is a significant introduction of novel materials such as bioplastics, starch-based, and cellulose-based products which further drives the growth of the European food packaging industry over the forecast period. Besides, companies are also investing in metal packaging items such as aluminum. For instance, in June 2020, SIG announced to launch ASI-certified aluminum standard for EU packs. It offers customers a 100% renewable packaging solution. In the new pack, an ultra-thin barrier layer of aluminum foil will be inserted for a number of shelf-stable products filled in its packs to protect them from light and oxygen and to keep products nutritious and safe.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID-19 scenario
o Most affected segment
European Food Packaging Market – Segmentation
By Material
By Packaging
By Application
European Food Packaging Market – Segmentation by Countries
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