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The Plastic Packaging Market Outlook in Food and Drinks
Business Insights, Jan 2011, Pages: 87
The plastic packaging market was worth $142bn, representing 37.4% of the food and drinks packaging market by value in 2009. This market is forecast to grow at a CAGR of 3.9% to reach $172bn by 2014. This report tracks recent innovations and new product developments (NPD) in the global plastic packaging market for food and drinks. It includes market dynamics, drivers, resistors and trends in the plastic packaging market for food and drinks. The report contains summaries of novel and innovative products launched in plastic packaging between September 2006 and August 2010.
Scope of this research
- Predict future growth areas in plastic packaging for food and drinks based on this report’s forecasts to 2014 of market value by category.
- Identify key trends that are shaping the plastic packaging market for food and drinks and examine the key market drivers.
- Improve the targeting and effectiveness of your NPD strategy using this report’s analysis of products launch data of about 45,000 products launched.
- Learn from the NPD and innovations in the plastic packaging markets to replicate their successes effectively in the future growth markets.
- Discover the impact of changing consumer behavior, regulation and technological advancements in the plastic packaging market.
Research and analysis highlights
Plastic was the leading packaging material used in new product launches in 2010, with a growth of 6.4 percentage points over 2007. Most of the innovations in plastic packaging took place in Europe, accounting for a share of 44.2% of new product launches globally in 2010
Technological advancements have helped packaging manufacturers to extend the use of plastic to sensitive food and drinks categories such as alcoholic drinks which could not be catered to earlier, due to low barrier properties of the material.
Stringent standards for recycling as well as reducing contribution to landfill are causing a shift in favor of flexible plastic packaging. Flexible packages such as pouches reduce waste contribution to landfill, and are in most cases completely biodegradable.
Key reasons to purchase this research
- What are the key drivers and resistors to the growth of plastic packaging market in food and drinks?
- What key consumer trends are driving NPD and innovations in plastic packaging in food and drinks?
- What are the key growth opportunities within the plastic packaging market for food and drinks
- What was the market size of the global plastic packaging market by value in 2009 and what will be the market size of the plastic packaging market?
- Which geographic regions and countries will achieve significant growth in plastic packaging sales during 2009–14?
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