(PRWEB UK) 17 May 2013
According to the report 'Global Food Packaging Market 2013-2023' the world food packaging market can be seen to have reached a plateau in terms of technology and its ability to carry out its primary duty which is that of protecting and extending the life of the foods stuffs within the packaging. Being quite a mature market growth is neither slow nor excessive with an equilibrium being achieved by the meeting of slowing growth in the more developed economies of the west and the burgeoning economies of the east. As such, this report has determined that the global food packaging market will attain sales of $251.8bn in 2013.
In the west food packaging has advanced to its limit to a point where any new technologies or developments come at great financial, research and design costs and the benefit of these discoveries on the already existing packaging are marginal at best. Focus in these mature markets has now drifted to branding and the development of new and more exotic food stuffs. Whereas in the eastern markets it is a case of playing catch up in terms of technology and pushing out the reach of supply chains and logistic channels as the life of foods within packaging have met their limits and now infrastructure and logistics has to cover the gap to enable food to reach their end customers from the farm gate.