Published Date: 2019-06-19 | Pages: Ongoing | Tables: Ongoing | Report ID: 7278
The global cereal packaging market is anticipated to gain growth from the rising demand for food packaging. Growth in the global population has significantly increased the food requirement across the world. This has played a major role in increasing the demand for food packaging, which is expected to positively impact the global cereal packaging market. Food companies are observed to introduce new products with innovating packaging that reflects the food values of their customers and also inspires them.
In 2019, Kashi, a US producer of whole grain cereals and other plant-based foods, rebranded its top-selling product GOLEAN to Kashi GO with new packaging and logo reflecting its evolving brand. Kashi GO was introduced with a new protein bar format and cereal flavor.
Adoption of Aesthetic Food Packaging to Attract Consumers Promises Growth
● Rising demand for aesthetic food packaging is predicted to support the growth of the global cereal packaging market
● Requirement of advanced cereal packaging is prophesied to increase due to the need to protect cereals from dust, humidity, and other environmental harms while improving their shelf life
● Need to avoid the problem of infestation in cereal products is foreseen to further augment the demand for best quality cereal packaging
Players to Use Advanced Technology to Achieve Growth in Global Market
The presence of a considerable number of players in the global cereal packaging market is prognosticated to make the vendor landscape highly competitive. Companies are expected to launch new products and adopt latest technology to secure a strong position in the global market. Some of the major players of the global market are Amcor Limited, Smurfit Kappa Group, Mondi Group, WestRock Company, DS Smith Packaging Limited, Oji Holdings Corporation, Packaging Corporation of America, Georgia-Pacific LLC, and International Paper Company.
Amcor Introduced New High-barrier Flexible Food Packaging in 2019
Australia’s Amcor Limited is a global leader in the development and manufacture of top-quality, responsible packaging products for the food and beverage and other industries. In April 2019, it introduced a high-barrier, recyclable, and unique flexible packaging called AmLite Ultra Recyclable for an array of food, pharmaceutical, and home and personal care products. This packaging is the first that the company produced using its more sustainable, revolutionary high-barrier polyolefin film it announced in 2018. Earlier in 2019, the company partnered with MassChallenge Switzerland, a startup accelerator, for identifying and supporting startups involved in innovative packaging and sustainability.
By Material Type
● Paper and Paperboard
By Packaging Type
● Flexible Packaging
● Rigid Packaging
Among material types, plastic is foretold to take a leading position in the global cereal packaging market in terms of market share. According to market experts, the segment of flexible packaging is anticipated to account for a telling share of the global market because of the high demand for convenient and lightweight packaging.
Regionally, North America is projected to collect a commanding share of the global cereal packaging market, followed by Europe. On the other hand, Asia Pacific is predicted to exhibit a substantial growth rate because of the rising need for nutritious foods such as cereals to improve health.
Methodology Used to Compile the Research Study
Primary sources such as industry experts, market participants, government and regulatory authorities, and policymakers were interviewed to verify the findings of the report and gather additional data. The analysts used secondary sources including government databases, company annual and quarterly reports, whitepapers, press releases, and popular business websites to collect critical information and data related to the global cereal packaging market.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Packaging is an indispensable part of every industry. It ensures protection of the product and even extends shelf life of the packaged items. Through the years, the packaging industry has undergone massive changes. From development of better, sturdier materials to changing outlooks toward designing environment-friendly materials, the packaging industry has witnessed some noteworthy changes.
The research reports on the packaging industry discuss the evolution of materials and the impact of changing consumer needs. Packaging solutions have constantly adopted newer technologies for providing consumers with safer perishables and keeping the products intact until delivered. Analysts have taken a granular view at the booming e-commerce sector and its influence on the packaging industry. We aim to provide the readers an in-depth and a comprehensive analysis of the packaging industry. Intricacies pertaining to food safety, environmental norms, and research and development of materials have been studied by analysts with a focused approach.
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