Study: Sanitary food, beverage packaging market will grow at 5.8% CAGR through 2022
North America and APEJ represent two of the most lucrative regions in the global sanitary food and beverage packaging market.
The global sanitary food and beverage packaging market is likely to grow at a CAGR of nearly 6% during the forecast period 2017-2021, according to a new market research report from Future Market Insights (FMI), Valley Cottage, N.Y.
According to the report, increasing emphasis on maintaining food safety during the supply chain is promoting investments by manufacturers. Regulatory bodies from around the globe are making revisions to food safety guidelines, with an aim to ensure safety of the product. As compliance rate increases, demand for sanitary food and beverage materials and products is also likely to witness an increase.