Global Baby Food Packaging Market 2018-2022 | Growth Analysis and Forecast | Technavio
LONDON--(BUSINESS WIRE)--Oct 2, 2018-- global baby food packaging market research report forecasts the market to grow at a CAGR of over 5% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global baby food packaging market for the period 2018-2022. (Graphic: Business Wire)
The increase in the demand for flexible packaging will be one of the major trends in the during 2018-2022. Owing to the increase in convenience, safety, and sustainability, flexible packaging such as spout pouches are becoming popular in the baby food packaging segment. Stand-up pouches and spout bags are becoming very popular as they have several advantages over traditional packaging.
According to Technavio’s analysts, one of the key drivers for the global baby food packaging market is the increase in the demand for pouch packaging:
Global baby food packaging market: Increase in the demand for pouch packaging
The baby food industry has been adopting sealable and closure packaging trends and hence, there is an increase in the demand for convenient pouches. Pouch packaging is becoming increasingly popular as a flexible packaging option for baby food. During the forecast period, the demand for stand-up pouches is anticipated to grow at a fast rate.
According to a senior research analyst at Technavio, “The manufacturing of pouches is easy and less time consuming when compared with other packaging materials. Additionally, the pouches can be printed with any color, logo, or design. This reduces the overall manufacturing cost as there is a decrease in the printing cost. Besides, printing on pouches is easier as they have a clear surface. This helps in creating brand awareness by promoting the product by providing clear information.”
Global baby food packaging market: Segmentation analysis
This global baby food packaging market analysis report provides market segmentation by packaging type (rigid packaging and flexible packaging) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major packaging type segments, the rigid packaging segment held the largest baby food packaging market share in 2017, contributing to nearly 99% of the market. This segment will dominate the global market throughout the forecast period.
APAC held the largest share of the market in 2017, accounting for close to 40% share. It was followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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INDUSTRY KEYWORD: MANUFACTURING PACKAGING BABY/MATERNITY RETAIL FOOD/BEVERAGE CONSUMER
SOURCE: Technavio Research
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PUB: 10/02/2018 12:12 PM/DISC: 10/02/2018 12:12 PM