Ever Growing Food Packaging Market

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FoodPackagingDuring the 90’s, the trend of packaged food was limited to few beverages and food items, people preferred to have them on occasions. But the ever changing lifestyle of people has increased the consumption of packaged food. The constant race against time has made people to ignore their eating habits. The traditional method of cooked food is slowly being changed to packaged food.

Packaging is the method of evaluation, design, and production of packages. It is the skill, science and the ability of protecting products for storage, distribution, use and sale. History of packaging dates back to the Stone Age where the early man would store his food in leaves and animal skin. The middle age used wooden barrels to store excess food for the rainy day. Food packaging has evolved since then, it is used to enable selling of products and to provide safety against contamination and to maintain the shelf life of the food.

What accelerates the food packaging industry?
Globalization has had a remarkable effect on the markets. Higher standard of living, health, eating habits, stress factors due to a sudden change in the work culture, regulations on food safety and purchasing power behaviors across different markets, regions and demographics have determined the growth of the food packaging market.

The convergence of global factors such as eating habits, health awareness, has added to the transformation of food packaging. These factors have driven the growth of active packaging techniques in all regions. A market research report states that the global market for food packaging is estimated to rise to nearly US $44.3 billion in coming 4 years increasing at Compound Annual Growth Rate (CAGR) of 5.8%.

Increasing demand for unaltered and fresh food has given birth to active packaging. There is an anticipation of continued growth for controlling packaging in all regions, since the packaging techniques are focused mainly on keeping the freshness of everyday consumable products such as vegetables, fruits, dairy products, and other preprocessed foods for a particular section of people.