China and India are the key markets for food packaging in Asia Pacific, a region where market growth will be faster than growth in other regions

The food packaging market will reach a market growth of 60.33 billion dollars between 2020 and 2025, according to the latest market report by Technavio.

The report projects the market to progress at a compound annual growth rate of 3.60%. 56% of the market growth will originate from the Asia Pacific (APAC) region during the forecast period.

The data indicates that China and India are the key markets for food packaging in APAC, where the market growth will be faster than the growth in other regions. Better economic conditions in various countries like China, India, Indonesia and Australia will facilitate the growth of the food packaging market in the same region during the forecast period.

Some conclusions

The research points out that the growth of the food packaging market share in the flexible plastics segment will be significant for revenue generation. The flexible plastic packaging segment is expected to grow due to its many advantages over other types of packaging materials.

Flexible plastic packaging is finding more applications in the consumer goods segment, as this type of packaging is convenient in terms of weight, cost and ease of shipping, making it a widely adopted type of packaging in all markets. industries. The adoption of packaging strategies that enhance the appearance and aesthetic appeal of the product is a new trend in product marketing.

The key factor driving growth in the food packaging market is food counterfeit prevention, as food fraud costs the global food industry billions of dollars per year. Packaging can play an important role in combating such food counterfeiting problems.