Category

Global Bakery Packaging Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Inert Gas Packaging, Gas Packaging, Active Packaging, Vacuum Packaging), By Packaging Type (Thermoforming, Tray Sealing, Horizontal Flow Wrap, Vertical Flow Wrap, Shrink Wrap), By Packaging Material (Glass, Metal, Plastic, Paper), And By Geography - Forecasts From 2019 To 2024

Published: May 2020 | Report Code:  KSI061611229 | Pages:  114

The global bakery packaging market is expected to witness a CAGR of 4.84% during the forecast period. The reason behind the progressive growth of this sector is the increase in the shelf-life of the baked products owing to the extensive use of the modern technologies like vacuum packaging and inert gas packaging along with others. The technologies used results in the longer shelf life of the bakery products, reduction of rancidity and deterioration of food items, controls the odor, taste, and color, maintains the crispness, and prevents the microbial growth. Other than protection and prevention of inside products these innovative packaging solutions provide product information along with the promotion of corporate identity. Advantages such as affordable price and convenient storage will lead to the drive the demand for different packaging solutions over the net five years.

On the basis of geography, bakery packaging market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. North America will lead the global bakery packaging market during the forecast period. Asia-Pacific would experience a surge in bakery packaging solutions demand over the forecast period owing to change in eating habits and high consumption of baked products.

Bakery packaging market is competitive due to the presence of well-diversified international, regional and local players. However, some big international players dominate the market share owing to their brand image and market reach. With high market growth rate and increase in demand, this sector is attracting more players resulting in an enhanced competitive rivalry within the industry.

Some of the players of bakery packaging market include Smurfit Kappa, Mondi Group, Reynolds Group Holdings Limited, WestRock, Sealed Air, Stora Enso, Amcor Limited, Ball Corporation, Napco, and Genpak, LLC.

Global Bakery Packaging Market Scope:

Report Metric Details
 Growth Rate  CAGR of 4.84% during the forecast period
 Base year  2019
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Technology, Packaging Type, Packaging Material, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Smurfit Kappa, Mondi Group, Reynolds Group Holdings Limited, WestRock, Sealed   Air,  Stora Enso, Amcor Limited, Ball Corporation, Napco, Genpak, LLC
 Customization scope  Free report customization with purchase

 

Segmentation

The bakery packaging market is segmented as technology, packaging type, packaging material, and geography.

By Technology

Inert Gas Packaging

Gas Packaging

Active Packaging

Vacuum Packaging

 

By Packaging Type

Thermoforming

Tray Sealing

Horizontal Flow Wrap

Vertical Flow Wrap

Shrink Wrap

 

By Packaging Material

Glass

Metal

Plastic

Paper

 

By Geography

North America

South America

Europe

Middle East & Africa

Asia-Pacific


Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for bakery packaging market?
A1. The global bakery packaging market is expected to witness a CAGR of 4.84% during the forecast period.
 
Q2. Who are the major players in the global bakery packaging market?
A2. Some of the players of bakery packaging market include Smurfit Kappa, Mondi Group, Reynolds Group Holdings Limited, WestRock, Sealed Air, Stora Enso, Amcor Limited, Ball Corporation, Napco, and Genpak, LLC.
 
Q3. How is the global bakery packaging market segmented?
A3. The bakery packaging market is segmented as technology, packaging type, packaging material, and geography.
 
Q4. What factors are anticipated to drive the bakery packaging market growth?
A4. Advantages such as affordable price and convenient storage will lead to the drive of the demand for different packaging solutions over the net five years.
 
Q5. Which region holds the largest market share in the bakery packaging market?
A5. North America will lead the global bakery packaging market during the forecast period. 

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