Food and Beverage Consumer Packaging Market was Driven by BRICS Nations during the Period of 2008-2013: Ken Research

August 2014  

Rising population, increasing personal disposable income, strong demand for packed food and beverages, sound economic conditions in the BRICS nations have fuelled the market revenue.

Packaging has become an inevitable part of the food and beverage industry since it protects the nutritional value of the products. Packaging also helps in the distribution, sale and storage of the same from one place of the world to another. Rising population, increasing personal disposable incomes, strong demand for packed food and beverages, and sound economic condition in the BRICS nations have fuelled the market revenue.

Over the years, sizeable shift in the consumer demand for food and beverages has been observed. Asian countries have been driving the demand for consumer packaging over the past many years. Factors such as strong government regulations & policies and improved ability of consumers to spend on packaged food and beverages led to favorable market growth in many Asian countries. There has been an increase in the demand for eco-friendly packed products among the masses, which led to strong consumption of these packaged products in the Asian region. Asia-Pacific held the largest share in the world packaging market for food and beverages in 2013. Asia-Pacific has been the fastest growing food and beverage consumer packaging market which recorded a CAGR of 10% during the period of 2009-2013. Asia-Pacific was the largest market in 2013 with a share of 38.6% in the overall revenue of global food and beverage consumer packaging. It is anticipated that Asia-Pacific region will grow at a CAGR of 4.9% during the period from 2013-2018.

 

The report titled Global Food and Beverages Consumer Packaging Market Outlook to 2018 provides detailed overview of the packaging market for food and beverage in the world. The report covers various aspects such as market size of global packaging industry, global consumer packaging market, global food consumer packaging market and global beverage consumer packaging market. Additionally the report includes segmentation on the basis of materials (Rigid Plastic, Metal, Paper & Board, Flexible, Glass and Others) and geography (Asia-Pacific, Europe, North America, Africa & the Middle East and South & Central America) for food and beverage consumer packaging market. The report is useful for packaging manufacturers, food and beverage manufacturers and new players venturing in the market.