Product Code: ETC006767 | Publication Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Singapore food packaging market is estimated to register a CAGR of 5.7% during the forecast period (2020-2026). Factors, such as rising demand for convenience foods and growing health consciousness among consumers are expected to drive the market growth in the country. Moreover, increasing disposable income has led to an increase in spending on food products, which boosts the food packaging industry. Additionally, government initiatives concerning environment safety have resulted in launching various renewable energy sources that further support sustainable packaging practices across the country.
According to 6Wresearch, it was observed that total expenditure on packaged food items had increased from SGD 8 billion (USD 6 billion) in 2014 to approximately SGD 10 billion (USD 7.5 billion) by 2019 at a CAGR of 4%. The trend will continue this year due to growing awareness about healthier lifestyles among young population along with rising preferences towards ready-to-eat meals and beverages owing to hectic work schedules. Furthermore, there is an increasing demand for all types of processed goods due to their extended shelf life as compared with fresh ones aiding growth prospects for processed food sector and consequently driving packaging needs over forecast timeline significantly throughout 2020?2026 timeframe.
In terms of material type segmentation analysis it is projected that flexible plastic would continue dominating overall market by accounting for more than 40 % share through 2026 end followed by paper & board packages contributing second highest revenue while metal containers are expected show steady traction over coming years accompanied by rapid technological advancements pertaining protective barrier arrangements like aluminum foils being used extensively across many industries including dairy processing & bakery production units particularly during covid 19 pandemic situation .Moreover , stringent regulations regarding proper labeling norms issued by Ministry Of Health would propel need for clear information printing procedures thereby providing impetus toward industrialization process associated with entire value chain network within foreseeable future.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Food Packaging Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Food Packaging Market Revenues & Volume, 2019 & 2026F |
3.3 Singapore Food Packaging Market - Industry Life Cycle |
3.4 Singapore Food Packaging Market - Porter's Five Forces |
3.5 Singapore Food Packaging Market Revenues & Volume Share, By Material Types, 2019 & 2026F |
3.6 Singapore Food Packaging Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.7 Singapore Food Packaging Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Singapore Food Packaging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Food Packaging Market Trends |
6 Singapore Food Packaging Market, By Types |
6.1 Singapore Food Packaging Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Food Packaging Market Revenues & Volume, By Material Types, 2016 - 2026F |
6.1.3 Singapore Food Packaging Market Revenues & Volume, By Paper & board, 2016 - 2026F |
6.1.4 Singapore Food Packaging Market Revenues & Volume, By Plastic, 2016 - 2026F |
6.1.5 Singapore Food Packaging Market Revenues & Volume, By Metal, 2016 - 2026F |
6.1.6 Singapore Food Packaging Market Revenues & Volume, By Glass, 2016 - 2026F |
6.1.7 Singapore Food Packaging Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 Singapore Food Packaging Market, By Product Types |
6.2.1 Overview and Analysis |
6.2.2 Singapore Food Packaging Market Revenues & Volume, By Rigid, 2016 - 2026F |
6.2.3 Singapore Food Packaging Market Revenues & Volume, By Semi-Rigid, 2016 - 2026F |
6.2.4 Singapore Food Packaging Market Revenues & Volume, By Flexible, 2016 - 2026F |
6.3 Singapore Food Packaging Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Singapore Food Packaging Market Revenues & Volume, By Bakery & Confectionary, 2016 - 2026F |
6.3.3 Singapore Food Packaging Market Revenues & Volume, By Dairy Products, 2016 - 2026F |
6.3.4 Singapore Food Packaging Market Revenues & Volume, By Fruits & Vegetables, 2016 - 2026F |
6.3.5 Singapore Food Packaging Market Revenues & Volume, By Meat, Poultry, & Seafood, 2016 - 2026F |
6.3.6 Singapore Food Packaging Market Revenues & Volume, By Sauces & Dressings, 2016 - 2026F |
6.3.7 Singapore Food Packaging Market Revenues & Volume, By Others, 2016 - 2026F |
7 Singapore Food Packaging Market Import-Export Trade Statistics |
7.1 Singapore Food Packaging Market Export to Major Countries |
7.2 Singapore Food Packaging Market Imports from Major Countries |
8 Singapore Food Packaging Market Key Performance Indicators |
9 Singapore Food Packaging Market - Opportunity Assessment |
9.1 Singapore Food Packaging Market Opportunity Assessment, By Material Types, 2019 & 2026F |
9.2 Singapore Food Packaging Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.3 Singapore Food Packaging Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Singapore Food Packaging Market - Competitive Landscape |
10.1 Singapore Food Packaging Market Revenue Share, By Companies, 2019 |
10.2 Singapore Food Packaging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |