Growth predicted for baby food packaging market

Research and Markets has released the Global Baby Food Packaging Market 2015-2019 report. The market is expected to grow at a CAGR of 2.67% over the period 2014-2019.

One major trend upcoming in this market is increased adoption and use of eco-friendly pouch packaging because of growing consumer preference for flexible packaging. Companies work with sustainable and recyclable packaging materials. They are constantly looking for green, innovative and recyclable alternatives to normal packaging.

According to the report, growing urbanisation is one of the factors driving the global baby food packaging market. In recent years, developing countries have been witnessing rapid urbanisation, leading to increased disposable income and adoption of modern lifestyles. This has led to increased spending on baby food.

Further, the report states that increase in product recalls is adversely affecting the reputation of packaging vendors, which may affect business deals with their clients. Moreover, manufacturers are striving to find ways to reduce raw material prices. Raw material suppliers wield the power to determine prices of raw materials, which has an impact on the business.

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