NEW YORK, October 26, 2016 /PRNewswire/ --
In a new report titled "Global Market Study on Thermoformed
Plastic Products in Food & Beverages Industry: Packaging to
Remain the Dominant Application Segment Through 2024", Persistence
Market Research analyzes the performance of
the global F&B thermoformed plastic products
market over an eight-year period and provides insights on the
key factors and trends likely to influence the market during the
forecast period (2016 - 2024). The global F&B thermoformed
plastic products market is increasing at a CAGR of 4.2% over the
forecast period (2016-2024).
Key players in the global F&B thermoformed plastic products
market include Clear Lam Packaging Inc., D&W FINE PACK,
HUHTAMAKI GROUP, Placon, Anchor Packaging Inc., Berry Plastics
Corporation, Reynolds, Silgan Holdings Inc., and Tray-Pak
Corporation.
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Overview: http://www.persistencemarketresearch.com/market-research/food-and-beverages-industry-thermoformed-plastic-products-market.asp
The global F&B thermoformed plastic products market is
segmented on the basis of product type, application, and region. On
the basis of product type, the market is segmented into synthetic
and biodegradable segments. The synthetic thermoformed plastic
products segment is estimated to account for maximum value share of
86.7% by 2016 end. The segment is projected to remain the dominant
segment during the forecast period due to increasing demand for
lightweight and low-cost food packaging from developing economies
of Asia Pacific. The biodegradable
thermoformed plastic products segment is estimated to account for
12.9% value share of the global F&B thermoformed plastic
products market by 2024 end. The growth of the segment is augmented
by various government initiatives on recycling and disposal of
packing products, especially in the European Union region, which is
a dominant region in the global F&B thermoformed plastic
products market.
View and Download Report Table of Contents (TOC), Figures,
and Tables:
http://www.persistencemarketresearch.com/market-research/food-and-beverages-industry-thermoformed-plastic-products-market/toc
By application, the thermoformed plastic products market is
segmented into packaging, food serving articles, and others. The
packaging segment is estimated to account for 73.6% value share of
the global F&B thermoformed plastic products market by 2016
end. This segment is further sub-segmented into meat packaging,
bakery products, takeaway food products, dairy products, and
beverages. Among sub-segments, the beverage sub-segment is
estimated to account for 34.7% value share by 2016 end.
On the basis of region, the global F&B thermoformed plastic
products market is segmented into North
America, Latin America,
Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). Europe was the largest market for thermoformed
plastic products, accounting for 32.3% value share of the global
F&B thermoformed plastic products market in 2015. However, APAC
is expected to register the fastest growth in terms of value over
the forecast period. Increasing demand for convenience and takeaway
food packaging products in Europe,
APAC, and North America is
expected to drive revenue growth of the global F&B thermoformed
plastic products market over the forecast period.
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Analysis: http://www.persistencemarketresearch.com/samples/12025
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