Growing demand of packaged food and surging influx of various fortified and energy drinks is propelling growth in F&B packaging Coating Market
Date: 27 January 2016
According to recently published Azoth Analytics report “Global Food and Beverage Packaging Coating Market: Trends, Opportunities and Forecasts (2015-2020F)
- Value, By Region, By Substrates, By Packaging Type, (Rigid Packaging Coating, Flexible and Plastic Packaging Coating)”, F&B packaging Coating Market globally is forecast to grow at a CAGR of approximately 3.27% during 2015 – 2020, on account of rising prominence of packaged food, augmenting can consumption, and significant growth in the number of restaurants across the globe. Moreover, augmenting per capita consumption of beer and rising eminence of organic food and beverages is anticipated to propel growth in the market during 2015-2020.
In terms of segmentation, market is categorized on basis of packaging type (Rigid Packaging and Flexible & Plastic Packaging Market), substrates (metal based packaging, glass based packaging, rigid plastic and carton based passed packaging). APAC is anticipated to lead the revenue contribution in the market in the future.
With the industry witnessing moderate growth rate, it is anticipated that the F&B packaging coating market will exhibit higher CAGR in the forecast period. Introduction of innovative types of packaging and increasing foothold of food service companies across the globe is anticipated to drive the growth in the industry.
The report titled “Global Food and Beverage Packaging Coating Market: Trends, Opportunities and Forecasts (2015-2020F)
- Value, By Region, By Substrates, By Packaging Type, (Rigid Packaging Coating, Flexible and Plastic Packaging Coating)” has analysed the potential of F&B packaging coating market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global F&B Packaging Coating market.