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Baby Food and Infant Formula Market 2019.
SandlerResearch.org adds «Global Baby Food and Infant Formula Market 2015-2019» industry research report that profiles key players like Abbott Laboratories Inc., Danone SA, Mead Johnson & Co. LLC and Nestlé SA.
The Global Baby Food and Infant Formula Market 2015-2019 report expects to grow at a CAGR of 7.69% during the period 2015-2019. Vendors are investing heavily in the development of innovative, eco-friendly, and recyclable alternatives to conventional packaging.
According to report «Global Baby Food and Infant Formula Market 2015-2019» nowadays, baby food is often packaged in pouches manufactured from paper. These pouches have a lower carbon footprint and better overall environmental ratings than plastic jars and bottles.
The Global Baby Food and Infant Formula Market 2014-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, Americas, and the MEA and APAC regions; it also covers the Global Baby Food and Infant Formula market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Infant formulas and baby food products are specially designed for infants and toddlers. These products are easy to consume and provide for the nutritional needs of babies. The Global Baby Food and Infant Formula market can be segmented into two categories: Baby Food: Prepared Baby Food, Dried Baby Food, Other Baby Food and Infant Formula: Infant Milk Formula, Growing-up Milk Formula, Follow-on Milk Formula, Special Baby Milk Formula.
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 urbanization is one of the factors driving the Global Baby Food Packaging market. In recent years, developing countries have been witnessing rapid urbanization leading to increased disposable income and adoption of modern lifestyles. This has led to increased spending on baby food.
The report recognizes the following companies as the key players in the Global Baby Food Packaging Market: Amcor Ltd., Ardagh Group, Bemis Company Inc., Tetra Laval International and Verallia.
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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