Eco-Wrap Revolution: Sustainable Food Packaging Market to Reach $5.28 Billion by 2034 | Future Market Insights, Inc
Apr 08, 2024
Plastic food wrap adapts to survive. (FMI report) Eco-conscious consumers and regulations challenge traditional wraps, but demand remains for convenient food packaging. Manufacturers are innovating with sustainable materials to meet these changing preferences. Full report offers deep dive & strategic insights, download sample now. NEWARK, Del., April 8, 2024 /PRNewswire/ -- The plastic food wrap market is anticipated to reach US$ 5.28 billion by 2034, exhibiting a reasonable CAGR of 4.20% from 2024 to 2034 according to Future Market Insights. The market size is estimated at US$ 3.50 billion in 2024. Consumer demand for lightweight, convenient packaging is compelling the growth of the plastic food wrap market. Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/sample/rep-gb-19431 Manufacturers are introducing new materials, increasing recyclability, and using PCR plastic to boost market development. The plastic food film sector is developing due to evolving consumer preferences for convenience, sustainability, and extended shelf life. Transparent, biodegradable, and vacuum packaging films are also gaining popularity due to environmental concerns and visual inspection. Popularity of fast, on-the-go food propels the demand for plastic food wraps due to their easy storage, serviceability, and freshness. The plastic food wrap market is influenced by shrinking household sizes, rising disposable income, and increasing population. Plastic food wraps, once a popular food packaging material, are declining due to strict regulations in North America and Europe and the ban on single-use plastic. Market players are introducing new sustainable materials for high-density plastic wraps, promoting the demand for flexible food wraps for fast food packaging and delivery. Market players are anticipated to be prudent and adaptable in the future. Key Coverage in the Plastic Food Wrap Market Report Sales Analysis of Plastic Food Wrap in the United States Growth Analysis of the Demand for Sustainable Plastic Food Wraps Emerging Trends in Fast Food Packaging Wraps Full story available on Benzinga.com
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