The global food container market size is expected to reach
USD 346.99 billion by 2025, according to a new report by Grand View Research,
Inc. Technological advancement in terms of new packaging materials capable of
ensuring cold storage and enhancing shelf life to the finished food products is
expected to have a positive impact.
The rising importance of bio-plastics packaging in the food & beverage
industry as a result of stringent regulations aimed at recycling in the
manufacturing sector is projected to expand industry size over the next nine
years. Furthermore, the buyers are expected to prefer flexible convenience
packaging material over metal and glass counterparts owing to former’ light
weight.
Flexible packaging is expected to witness growth at a CAGR of 4.6% from 2016
to 2025. The growing importance of stand up pouch bags as packaging products in
the food & beverage industry on account of being contaminant free and
certified as safe by the FDA (Food and Drug Administration) is projected to
increase industry demand in the near future.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/food-container-market
Further key findings from the report suggest:
- Paperboard products accounted for 19.8% of global revenue share in 2015. The excellent recycling ability of paperboard as compared to its plastics and glass counterparts is expected to remain a key influencing factor for industry in the near future.
- Bakery goods are projected to account for 22.0% of total market sales by the end of 2025. Positive outlook towards baked goods industry of China and India owing to new product launches including frozen paratha and stuffed garlic bread is expected to increase the packaging scope over the next nine years.
- Europe dominated the market, accounting for 33.5% of global revenue in 2015. The robust presence of manufacturing facilities of dairy goods and bakery products in Western European countries including Germany and the UK on account of easy access to technological expertise and equipment services is expected to remain a favorable factor.
- Key industry players include Ball Corporation, Owens-Illinois Group, Silgan, Ardagh, Bemis, Caraustar Industries, Berry Plastics, and Graham Packaging. The establishment of strategic partnerships with buyers and product innovation for the development of tailored solutions are expected to remain major critical success factors in the future.
- Over the past few years, the global food container market has been witnessing merger and acquisitions by some of the manufacturers. For an instance, Caraustar Industries, Inc. acquired The Newark Group, Inc. in February 2015 with financial assistance from Jefferies LLC, Wells Fargo Capital Finance Credit Suisse Securities (USA) LLC, and Regions Business Capital.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/food-safety-and-processing
Grand View Research has segmented the global food container market by product, application, and region:
Product Outlook (Revenue, USD Million, 2014-2025)
·
Flexible Packaging
·
Paperboard
·
Rigid Packaging
·
Metal
·
Glass
Application Outlook (Revenue, USD Million, 2014-2025)
·
Grain Mill Products
·
Dairy Goods
·
Fruits & Vegetables
·
Bakery Products
·
Meat Processed Products
·
Others
Regional Outlook (Revenue, USD Million, 2014-2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
MEA
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