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Food & Beverage Plastic Packaging Market to Reach $172 Billion by 2014


February 22, 2011 - Rockville, MD

MarketResearch.com has announced the addition of Business Insights's new report "The Plastic Packaging Market Outlook in Food and Drinks," to their collection of Food market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6070299

Plastic was the leading packaging material used in new product launches in 2010, with a growth of 6.4 percentage points over 2007. Most of the innovations in plastic packaging took place in Europe, accounting for a share of 44.2% of new product launches globally in 2010.

Technological advancements have helped packaging manufacturers to extend the use of plastic to sensitive food and drinks categories such as alcoholic drinks which could not be catered to earlier, due to low barrier properties of the material.

Stringent standards for recycling as well as reducing contribution to landfill are causing a shift in favor of flexible plastic packaging. Flexible packages such as pouches reduce waste contribution to landfill, and are in most cases completely biodegradable.

The plastic packaging market was worth $142 billion, representing 37.4% of the food and drinks packaging market by value in 2009. This market is forecast to grow at a CAGR of 3.9% to reach $172bn by 2014. This report tracks recent innovations and new product developments (NPD) in the global plastic packaging market for food and drinks. It includes market dynamics, drivers, resistors and trends in the plastic packaging market for food and drinks. The report contains summaries of novel and innovative products launched in plastic packaging between September 2006 and August 2010.

The report answers the following questions:

  • What are the key drivers and resistors to the growth of plastic packaging market in food and drinks?
  • What key consumer trends are driving NPD and innovations in plastic packaging in food and drinks?
  • What are the key growth opportunities within the plastic packaging market for food and drinks
  • What was the market size of the global plastic packaging market by value in 2009 and what will be the market size of the plastic packaging market?
  • Which geographic regions and countries will achieve significant growth in plastic packaging sales during 2009-14?

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6070299

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Contact:
Veronica Franco
MarketResearch.com
vfranco@marketresearch.com
240.747.3016

MarketWire

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