SWEET SUCCESS IN THE GROWING SUGAR MARKET WITH NICHROME
According to a research report titled 'SUGAR PACKAGING MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 - 2026)'by Mordor Intelligence, the sugar packaging market is expected to reach a CAGR of 4% during the forecast period (2021 2026). The changing lifestyle of the people and changing food preferences of consumers, along with the increasing population in developing nations, is expected to drive the market's growth in the forecasted period. Asia-Pacific will register the highest growth as the food packaging industry in the region is witnessing significant innovations in branding and packaging. Moreover, consumers in the region enjoy sugar confectionery for indulgence, where the experience is highly valued. India and China are the leading countries in the global consumption of sugar with 27 million metric tons and 15.2 million metric tons, according to the US Department of Agriculture. The market is driven by a tremendous shift in preference for flexible packaging as sugar is packed in a variety of formats, both in bulk and retail. The advent of new packaging technologies, such as active packaging, intelligent packaging, and engineering science, enables flexible packaging for sugar and enhances the shelf life of sugar. Packaging sugar with a plastic bag is the most common packaging type in the food packaging industry as this type offers moisture-proof, waterproof, and cost-effective packaging. Sugar