Cheese Packaging Market Expected to be Valued US$ 5 Bn by 2019 - 2029

Posted by ankush321 on February 25th, 2020

 Global cheese packaging market is set for healthy growth during 2019 - 2029, with revenues projected to expand 1.8X during the forecast period. The market will cross revenues worth US$ 5 Bn by the end of 2029, as indicated by a new report of Future Market Insights (FMI). Accelerated consumption of ready-to-eat cheese is significantly influencing this demand. Increase in penetration of modern retail across the globe is accountable for increase in sales of packaged cheese products, further bolstering the cheese packaging market growth.

"Retail industry has brought in the trend of ready-to-eat food products, surging the sale and demand in cheese packaging market," says the FMI report.

Key Takeaways of Cheese Packaging Market Study

  • Plastics will continue leading the market as a preferred packaging material

  • Trays & flow wraps are set to generate greater market revenue in the forecast period

  • A majority of cheese packaging demand is concentrated at hypermarkets and supermarkets

  • E-commerce expansion is creating an influx of opportunities for leading market players

  • With one-third market share, Europe continues to lead its way in the cheese packaging market

Cheese Packaging Market - Top Growth Drivers

  • Increasing consumption of on-the-go cheese products is primarily driving the market

  • Advanced packaging technologies such as vacuum packaging and modified atmospheric packaging are generating growth opportunities

  • Advanced storage methodologies for long-distance transport of packaged cheese products are bolstering market growth

Cheese Packaging Market - Key Restraints

  • High price of raw materials continues to negatively influence supply chain and restraining the market growth
  • Competition Landscape of Cheese Packaging Market

  • Some of the prominent players in the global cheese packaging landscape that are covered in this study include, but are not limited to, Winpak Ltd., Beery Global Inc., Sonoco Products Company, Kendall Packaging Corporation, Portco Packaging, Synpac Limited and Safepack industries Ltd. Manufacturers are investing in specialty packaging capable of providing protection against food spoiling agents such as moisture, air and microbial activity. Owing to increasing demand for safe and small packaging, market players are making investments in developing variety of flexible and aseptic packaging.

 More about the Report

  • This Future Market Insights study of 244 pages offers actionable insights on cheese packaging market. The market analysis is based on packaging format (boxes, cups, pouches, trays and flow wraps, containers and lids & foil), material (plastic, paper, aluminum and glass) and distribution channel (e-commerce, retail stores, convenience stores and hypermarkets) across seven regions (Europe, East Asia, South Asia, Oceania, North America, Latin America, MEA and Europe).

     
  • Explore Extensive Coverage of FMI's Packaging Devices Landscape

     
  • Temperature Controlled Packaging Solutions Market - Obtain valuable insights on global temperature controlled packaging solutions market with exhaustive segmental analysis, market statistics, key influencing factors, prominent players and critical developmental strategies adopted by them for a predefined projection period.

     
  • Plastic Caps and Closures Market - FMI's report on plastic caps and closures market offers an in-depth commentary on the market poised for prolific growth during 2019-2029. The study covers comprehensive evaluation of key impacting forces, revenue sources, market leaders along with instrumental market strategies.

     
  • Beverage Packaging Market - Get a deep-dive analysis on beverage packaging market with crucial insights on growth levers, opportunities, restraints, regulatory policies, regional market forecast and key forte of market leaders.

Press-release Source - https://www.accesswire.com/577140/Demand-for-Cheese-Packaging-to-Account-for-over-US-5-Bn-through-2029-Plastics-Are-Still-Preferred-Finds-Future-Market-Insights-in-a-New-Study

About Us

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