The Global Food Packaging Market Will Reach $305.9 Billion In Four Years

Market research firm Marketsand Markets has released a report on the food packaging market, forecasting global trends between now and 2019 by material, type, and application. The report estimates that the global food packaging market will reach $305.9 billion in 2019, with the Asia-Pacific market expected to grow at the highest rate during the forecast period.

The company noted that the Indian market is expected to be the second fastest growing region. The report highlights factors driving the food packaging market, including consumer preferences for specialty and processed foods, evolution of food packaging materials, company marketing strategies, growth in demand for food packaging products, and trends in shifting consumer awareness in developing economies.