Food Containers Market predicted to cross USD 345 billion by 2023

Food Containers Market Growth Rate:

The size of the world food containers market was approximately US$ 274.31 billion in 2018. It is expected to garner a CAGR of 4.75% to reach US$ 345.95 billion by 2023. The emergence of packaged foods as one of the most lucrative parts of the world food and beverage industry in recent years has driven essential developments in the food packaging market. The growing varieties and the availability of wide range of products offer significant growth opportunities for companies in this market. Food containers are typically available as flexible bags, rigid plastic boxes, bags, cartons, cans and glass bottles.

Food Containers Market Drivers and Restraints:

The growing importance of flexible packaging materials in the food industry due to their excellent properties, such as aroma retention, good thermal insulation and resistance to moisture barriers, is expected to boost the market during the forecast period aforementioned. Growing concerns about greenhouse gas emissions in the F&B industry due to strict regulations aimed at reducing the use of carbon dioxide are expected to increase the demand for food containers. In addition, the growing importance of safe disposal and lightweight during packaging in the F&B industry is expected to have a significant impact during the forecast period.

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Report segmented as

By Application:

  • Grain Mill Products,
  • Dairy Goods,
  • Fruits & Vegetables,
  • Bakery Products,
  • Meat Processed Products,

By Product:

  • Flexible Packaging,
  • Paperboard,
  • Rigid Packaging,
  • Metal,
  • Glass

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Food Containers Market Geographical Analysis:

Based on geography, the market is fragmented in the Asian Pacific, Latin America, North America, Europe, the Middle East and Africa. Asia-Pacific was the largest market and accounted for 33.5% of ****** participation in 2015. It is expected that population growth, rapid urbanization and increased disposable income in developing countries, including China, India, Bangladesh and Thailand, will drive growth over the next nine years. The Middle East and Africa region is expected to grow at a compound annual rate of 4.6% from 2016 to 2025. The industrial shift from the oil and gas sector to the national food and beverage market in Middle Eastern countries such as Saudi Arabia and the United Arab Emirates are opening new industrial routes in the coming years.

The increase in public service costs along with strict regulations to improve the recycling of packaged material in developed countries, such as the United States, the United Kingdom and Germany, must remain a key challenge for stakeholder groups. However, the improvement of the F&B industry in Eastern European countries such as Russia and Poland is expected as a result of growing domestic consumption of packaged foods.

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Food Containers Market Key Players:

Major companies in the marketplace are Silgan, Ball Corporation, Bemis, Ardagh, Berry Plastics, Caraustar Industries, and Graham Packaging.

The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

For more information:

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Sales Manager at Market Data Forecast

Email: abhishek@marketdataforecast.com

Tel: +1-888-702-9626

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