The global FoodContainer Market is anticipated to rise at a staggering CAGR in the forthcoming period. Food containers come in several size and shape. The plastic, as a raw material used for packaging of food items, differs in purpose. For instance, PET plastics used for medicine jars, beverage bottles absorbs the odor and food flavors stored within them. As compared to PET, HDPE bottles finds its use especially for milk storage.
The
underlying assumption role for food packaging involves protection of food
products from outer influences and external damage to the food. Another major
purpose in using a food container is to empower customer’s access to ingredient
and nutritional information. Overall, the holistic goal of food packaging is to
preserve the food in a cost-effective way without disturbing the nutrition
level and fulfilling consumer desires.
The
market witnessed heavy influences in the past due to rise in large supermarkets
owing to increase in purchase of processed food. Rise in migration from rural
to urban areas and increase in disposable income positively affected the market
growth. Other factors such as maturation of market, convenience of packaging,
flexible size and greater consumption of packaged food products contributed to
the market growth.
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Food
container industry, at present, is driven by significant increase in customer
base across the globe, rise in number of women workforce and increasing demand
for convenient food packaging across the globe. Change in lifestyle and rising
innovation to produce convenience food products in emerging economies pumps the
market growth.
Rising
importance of flexible packaging in the nutrition industry revealing excellent
properties such as flavor retention, heat insulation and moisture resistance is
anticipated to drive the market growth in the forecast period. Product
segmentation for food container market includes paperboard, rigid packaging,
flexible packaging, metal and glass. Flexible packaging accounts for higher
growth in the forecast period due to preferred mode of packaging and consumer
demand.
Application
segment for food container industry includes grain mill products, bakery,
fruits & vegetables and meat processed products. Meat processed products
are likely to gain a significant growth in the global market due to increase in
demand for meat and meat products.
Geographical
segmentation for food container market includes North America, Latin America,
Europe, Asia-Pacific, Middle East and Africa. North America food container
industry holds a significant market share in the forecast period due to rise in
demand for convenient food owing to presence of a vast workforce.
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Asia-Pacific’s
market is anticipated to rise at a higher market position due to presence of a
food chain and eateries engaged in food packaging. Middle East and African
markets witness a positive traction owing to the rise in consumer base and
increased tourism in these regions. The key players in the food container
market include Ball Corporation, Silgan, Berry Plastics, Caraustar Industries,
Klockner Pentaplast Group, Bemis and Graham Packaging.
Market
Segment:
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
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• MEA
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