Portion Packs Market: Rising packaging demand in Asia Pacific region is
expected to propel industry size. Increasing competition in the consumer
segment will drive penetration of smaller Portion Packs.
Global Portion
Packs Market size is expected to witness considerable growth, owing to
increasing demand for innovative plastic packaging solution in the consumer
market. Increasing food management concern will drive product penetration.
Factors such as portion control and food waste concerns are anticipated to
propel Portion Packs market size over the forecast period.
As per FAO, approximately 1.3 billion tonnes
of the food produced gets lost or wasted every year. Industrialized countries
food losses and waste valued at USD 680 billion and USD 310 billion in
developing countries. Thus, food companies along with packaging manufacturers
and retailers are cooperating to decrease the volume of food sent to landfill.
This will drive Portion Packs market growth in the projected timeframe.
Rising
packaging demand in Asia Pacific region is expected to propel industry size.
Increasing competition in the consumer segment will drive penetration of
smaller Portion Packs. Manufacturers are anticipated to seek growth and boost
sales by engaging more closely with consumers. Packaging is anticipated as a
key tool to achieve growth and gain competitive advantage.
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Increasing environmental concern
regarding damage caused by the “make, use, dispose” of the packaging material
will also influence product penetration. Companies are expected to invest in
high-precision manufacturing technology complying with rigorous production
standards to offer better performing and cost-effective solutions. Excessive
cost of automation for smaller packs due to higher production speeds may hamper
industry growth.
Portion Packs market is segmented food, beverage, personal care and life science, as well as for industrial, household and garden products. The industry is projected to witness new product development and better offering to customers which addresses convenience trends while tackling serving control and food waste.
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North
America is anticipated to offer various growth prospects for the Portion Packs
market owing to strong domestic demand. Increasing food waste is a serious
environmental and economic issue in the region. As per industry estimates, U.S.
food waste accounted for 60 million metric tons with an estimated value of USD
162 billion. This will support product penetration over the projected timeframe.
In addition, packaging companies are expected to invest in new product
development suitable for many branded food, healthcare, personal care, and
household products.
Europe
Portion Packs market is dominated by Germany owing to substantial investment in
research and development of packaging material over the forecast period.
Increasing demand for confectioneries and consumers request for convenience
packs will propel industry size. Many manufacturers are expected to adjust
their production lines according to changing consumer requirements.
Asia Pacific region is expected to be the
fastest-growing market attributed to increasing food waste concern in the
region. Rising awareness to reduce food losses and promote sustainable and
responsible consumption will drive product demand. Government initiatives to
advocate against the negative consequences of food losses and food waste will
further support Portion Packs market size over the projected timeframe.
The key players in the Portion Packs market
are HELLMA Austria, Elite Portion Pack, SAES, Single Source Limited and Van
Oordt. Portion Pack Foods. Other prominent manufactures are Mondi Petals
packaging MULTIVAC’s Thermo Pac and Turpack. The companies are expected to
invest substantially in automation expertise and diversify their existing
product line to gain a major industry share.
The industry will foresee agreement &
collaborations between manufacturers to ensure their position and growth over
the forecast period. For instance, MULTIVAC and the Australian Snapsil
Corporation signed an agreement for the application of patented packaging
concept Snapsil easy opening on MULTIVAC thermoforming packaging machines to
gain access to innovative packaging expertise.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Connect with us twitter | LinkedIn | Facebook | Google+
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