Sanitary Food & Beverage Packaging Market Size & Share | Global Industry Report for 2033
According to FMI, the market for hygienic food and beverage packaging will likely reach US$ 40.72 billion in 2023. By 2033, the market is anticipated to reach more than US$ 52.55 billion, growing at a 2.6% CAGR.
The market for hygienic food and beverage packaging is anticipated to expand in the coming years due to rising packaged food and beverage demand, rising consumer awareness of food safety and cleanliness, and stringent governmental restrictions. Sustainable packaging materials, such compostable and biodegradable materials, are also becoming more popular on the market.
The team of researchers at Future Business Insights are focussing on research and market study to produce different Sanitary Food and Beverage Packaging Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Sanitary Food and Beverage Packaging Market.
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The report on the global Sanitary Food and Beverage Packaging market provides an up-to-date analysis of the existing scenario of the market along with the latest drivers and trends, and the overall environment of the said market. This report comes with an objective as well as an in-depth study of the existing state aimed at the growth of the key players, strategies of the market, and prominent drivers of the market.
The report also makes the involvement of the important achievements pertaining to the launch of new products, regional growth, research and development, product responses, and market achievements. In addition to that, the regional growth of the prominent market players has been included in the report so as to provide a 360 view of the said market.
Country-wise Analysis
What Opportunities Lie Ahead for the US Market?
Sanitary food & beverage packaging is expected to garner immense revenue generation opportunities across the US market throughout North America. Stringent packaging regulations imposed by key regulatory authorities such as the Food & Drug Administration (FDA) is likely to be the chief growth driver for the regional market. As per its guidelines, it is the responsibility of the Office of Food Additive Safety and The Center for Food Safety and Applied Nutrition (CFSAN) to ensure the safety of food contact substances.
This means packaging materials like plastics, coatings, papers, food colorants, and adhesives must be regulated and deemed safe for use. The Environmental Protection Agency (EPA) requires that antimicrobial technology be built into plastic and textiles used in food packaging to prevent the growth of bacteria, mold, mildew, fungi, discoloration and odor. Furthermore, allergen labelling is also an important part of packaging safety requirements, with The Food Allergen Labelling and Consumer Act being in prominence.
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Segmentation
Packaging Type
Paperboard
Rigid Plastic
Glass
Flexible Plastic
Metal
Other Packaging Types
Product Type
Milk and Other Beverage Cartons
Cups and Liquid Tight Containers
Folding Food Containers
Boards and Trays
Other Product Types
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