The Global Food Packaging Market is set to reach USD 463.65 billion in 2027
Food is an indispensable elementary component of day to day life. According to the World Packaging Organization (WPO), the revenue of the global packaging industry is over USD 500 billion. Sustainability, convenience, efficiency, traceability, counterfeit protection, and flexibility are the parameters associated with packaging solutions. For consumers, easy-to-use and sustainable packaging is becoming a priority now more than ever before.
Rising consumer demand for packaged food due to a shift in eating habits and an evolving lifestyle may have an imperative impact on this market. Rise in per capita disposable income and growing population shall aid in the product demand owing to high barrier properties, shelf life, and consumer safety.
Read the full article via Fortune Business Insights here.