- According to a recent study by Grand View Research, Inc., the worldwide baby food packaging market will grow at a CAGR of more than 2.4% from 2015 to 2022 (forecast period). High demand for quality milk and solid food for babies will drive market growth. Awareness regarding nutritional needs of babies has increased. This, coupled with rising incomes, is creating more demand for premium baby foods.
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The baby food packaging market was worth USD 36.5 billion in 2014. It is anticipated to grow strongly, at over 4.9% CAGR, over the coming seven years. Parents are willing to pay more for quality packaged foods. Modern, air-tight packaging is facing increased demand over traditional papers and glass jars. Packaged foods offer greater resilience to external environment and prevent internal contamination.
A key inhibitor of the baby food packaging market is BPA – Bisphenol A in certain packaging products. BPA strengthens glass jars and plastic bottles. However, certain concerns regarding its safety exist. The USFDA – United States Food & Drug Administration has banned the use of some BPA-based materials in infant formula packaging. Regulatory authorities in Canada and Europe also allow limited BPA usage in baby food packaging.
Some of the baby food packaging materials are cans, glass jars, plastic containers, folding cartons, etc. Although non-industrialized regions still prefer traditional packaging formats, urban ones lean towards premium products. Glass jars and plastic containers led the market and will occupy shares over 69% of the market volumes during the above mentioned period.
Thin plastic containers and sachets would witness robust demand owing to their microwaveable features. Products in the baby food packaging market include solid food and milk. Milk was the largest product in 2014. It accounted for about 51% revenue that year. Regions like India, U.S., Vietnam, and Brazil will experience high demand because of speedy urbanization and stressful lifestyles.
Rising inclination of clients towards homemade food in European nations like Poland, U.K., and France is estimated to impact packaged food. Rate of births and directives regarding food safety would also affect the baby food packaging market in the forecast period. The key market players are Cascades Inc., DuPont, Danone, Nestle S.A., Bericap GmbH, and Amcor Ltd.
Information Source: Grand View Research
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