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North American Food Packaging Market Size, Industry Trends, Share and Forecast 2020-2026
The North American food packaging market is projected to grow at a CAGR of 5.7% during the forecast period. The key factors that drive the growth of the market include rapid advancements in the packaging industry in the region. The technological advancements in food packaging offer improved features including traceability, product quality information, and also ensures minimum damage to materials. The advancement and next-generation packaging solutions also increase the shelf life of perishable food products. Thus, the increased adoption of advanced packaging techniques is likely to be one of the key trends that will flourish the North American food packaging industry over the forecast period.
Further, the takeaway culture, on-the-go eating habits, and ready meals have been significantly rising in the region, attributing to the fast-paced lifestyles of the consumers. Thus, this requires sustainable packaging as well as packaging that ensures the long-life of the product. Owing to this, the key players are shifting towards the advanced techniques for food packaging, thereby, contributing to the growth of the North American food packaging market during the forecast period. Modified atmospheric packaging and active packaging are some of the advanced techniques for the food packaging providing opportunity to the North American food packaging industry.
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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