San Francisco, 15 November 2018 , 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.
Full Research Report On Food Container Market Analysis:
www.grandviewresearch.com/industry-analysis/food-container-market
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.
Browse More Reports Of This Category By
Grand View Research At: 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
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-food-container-market
www.grandviewresearch.com/press-release/global-food-container-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
