The global Tube Packaging market was worth USD 9,500 million in 2022 and is anticipated to register a CAGR of 6.6%, thereby reaching a valuation of USD 16,890 million by end of the forecast period.

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2. Post Title:

Global Resealable Packaging Bags Market to Reach USD 735.32 Mn by 2029: Key Players and Trends

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Emerging Markets and Growth Opportunities in the Food Packaging Industry 2023-2030 |

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The economic value generated by the food packaging industry was estimated at approximately USD 346.5 billion in 2021. This economic output is an amalgamation of businesses that are involved in the manufacturing of food packaging products, distribution & supply, and application of the product in the end-use industry.

The value chain of the food packaging market depicts the whole value creation process. This value chain is characterized by significant value added by manufacturers with varying distribution margins across various regions. Asia Pacific and Europe accounted for the largest markets for food packaging in 2020 owing to an increase in food consumption, especially convenience food in the regions. In Asia, the demand for food packaging is on a constant rise, thereby prompting key players to set up their manufacturing units in proximity to the growing market.

The manufacturing process includes the processing of raw materials and producing various food packagings products such as paper cartons & boxes, plastic films & pouches, steel & aluminium cans, and glass jars & bottles for various applications such as bakery & confectionery, dairy products, meat, fish & poultry, sauces & dressings, frozen foods, and convenience food. Manufacturers obtain raw materials from third-party suppliers through competitively priced supply contracts. Some of the major manufacturers in the food packaging market are Amcor Ltd., Bemis, and Ball Corporation.

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#Rigidpackaging refers to the utilization of stronger and heavier materials such as glass, cardboard, wood, metal, and rigid plastics for product packaging. The method is predominantly used to prevent the inner contents of a product from getting deformed or spoilt. Moreover, it also offers heat resistance while providing better structure and support to the products. Rigid Packaging comes in a variety of forms such as aluminum cans, glass jars, singly ply, plastic boxes, among others.

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