Food Packaging Market Size to Reach USD 440.1 Billion by 2026; Increasing Utilization to Prevent Spoilage of Food Will Favor Growth, Says Fortune Business Insights™ – GlobeNewswire

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Pune, May 26, 2020 (GLOBE NEWSWIRE) — The global food packaging market is anticipated to gain traction from their ever-increasing usage in the food & beverage industry. These packages protect food items from tampering, pest attack, spoilage, contamination, and damage during retail sale, storage, and transport. Fortune Business Insights™ published this information in a recent report, titled, Food Packaging Market Size, Share & Industry Analysis, By Materials (Glass, Metal, Paper & Paperboard, Wood, and Plastics [Polypropylene, Polyethylene, PET, and Others]), By Product (Rigid, Semi-Rigid, and Flexible) By Application (Fruits & Vegetables, Bakery & Confectionery, Dairy Products, Meat, Poultry & Seafood, Sauces, Dressings and Condiments, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the food packaging market size stood at USD 290.1 billion in 2018 and is projected to reach USD 440.1 billion by 2026, thereby exhibiting a CAGR of 5.4% during the forecast period.COVID-19 Impact Analysis:The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience
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