Food Industry will Hold the Substantial Market Share
The food industry is one of the primary end-user for this market. For food products, retort pouch packaging is primarily used for ready to eat meals, meat (beef, pork, chicken), seafood (tuna, shrimp, salmon, mackerel, mussels, salmon, etc.) sauces, pasta dishes, rice, baby food, fruits and vegetables, organic and frozen food. This unique form of packaging for food helps in enhancing flexibility and preserving it from contaminants, which are likely to boost the growth of this market.
As per the data of the US Department of Agriculture, the volume of cold storage of frozen red meat amounted to 1101.5 million pounds in FY2019. In comparison, foods like frozen potatoes and frozen poultry amounted to 1155.93 million pounds and 1,212.92 million pounds, respectively.
The global thermoplastic starch market stood at 179.58 kilo metric ton in 2019
New York, Dec. 21, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Thermoplastic Starch (TPS) Market - Growth, Trends, Forecasts (2020 - 2025) - https://www.reportlinker.com/p05891632/?utm source=GNW
- Owing to the continuous rise in environmental regulations in Asia-Pacific, the region is likely to dominate the thermoplastic starch market during the forecast period and witness the fastest CAGR.
- However, being optimistic regarding the forecasted growth, the recent breakdown of the COVID-19 pandemic across the world is likely to have a drastic effect on the global economy due to the stalling of various manufacturing activities. This might result in a decrease in the purchasing power of the people in 2020
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