US Food Packaging Market Size, Share and Forecast 2020-2026Posted by nabeel on November 28th, 2020 The US food packaging market is projected to grow at a CAGR of 5.3% during the forecast period. The key factors that drive the growth of the US food packaging industry include the increasing focus of food packaging manufacturers towards innovations. The key companies across the country are also inclined towards expanding its packaging capabilities via several mergers and acquisitions. For instance, in October 2018, Hearthside Food Solutions, LLC signed an agreement to acquire Greencore USA’s packaging business. Thus, this is likely to enhance the company’s food packaging business as well as contribute to the growth of the market over the forecast period.
Further, the key players including American Packaging Corp., Ball Corp., Bemis Co. Inc., Berry Global Inc., International Paper Co., Mondi Plc, Sealed Air Corp., Smurfit Kappa Group, and Sonoco Products Co., are contributing towards the US food packaging market growth. These players are emphasizing on the factors such as convenience and utilization of high-performance material, which demands the advanced packaging materials. Besides, the key players are also adopting advanced packaging techniques for improved shelf-life, heightened efficiency in the prevention of content contamination. Thus, these factors altogether contribute to the overall growth of the US food packaging market over the forecast period. Browse for Full Report at: https://www.omrglobal.com/industry-reports/us-food-packaging-market
Market number available for – 2019-2026 US Food Packaging Market – Segmentation By Material Plastic Flexible Packaging Dairy Products About Orion Market Research
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