Increasing Demand for Packaged Food Poised to Augment the Food Container Plastic Market

Summary

****** Food Container Plastic Market —Type (Rigid, Flexible), Material (Plastic, Paper & Paperboard, Metal, Glass), Application (Fruits & Vegetables, Dairy, Meat Products, Frozen Food, Baked and Confectionary Products), Region — Forecast till 2023

Food Container Plastic Market Overview

According to Market Research Future (MRFR)’s analysis, the ****** Food Container Plastic market is set to strike a steady CAGR over the forecast period. The changes in food pattern of the population in conjunction with changing lifestyle has led to an upsurge in demand for packaged food. This, in turn, is anticipated to catapult the Food Container Plastic market on an upward trajectory.

The consumers are increasingly getting aware of the environmental threats posed by plastics and other such packaging materials. This, in turn, is likely to motivate innovation in the Food Container Plastic market for the development of eco-friendly materials. It is projected to boost the growth pattern of the market in the foreseeable future.

Market Segmentation

By type, the ****** Food Container Plastic Market has been segmented into rigid packaging and flexible packaging. The rigid packaging segment is poised to signify tremendous demand generation in the foreseeable future owing to the convenient handling of food products.

By material, the Food Container Plastic market has been segmented into plastic, paper & paper boards, metal, glass, and others. The plastic segment is expected to witness the highest consumption over the assessment period. Additionally, the glass segment is prognosticated to grow substantially in the upcoming years.

By product, the ****** Food Container Plastic market has been segmented into bags, pouches, containers, and others. The bags segment and the pouches segment are likely to dictate the growth pattern of the market due to portability, lightweight, and convenience offered.

By application, the Food Container Plastic market has been segmented into fruits & vegetables, dairy products, meat products, frozen food, and baked and confectionary. The dairy products segment and the frozen food segment is anticipated to scale strong CAGRs and retain significant shares of the market over the next couple of years.

Regional Analysis

The ****** Food Container Plastic market, by region, has been segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). North America is forecasted to retain the most substantial market share through the assessment period. The factors that are expected to contribute to the development of the Food Container Plastic market are rising demand for packaged food, increasing use of compact Food Container Plastics for domestic purposes, etc. Meanwhile, Asia Pacific is the fastest growing region and is poised scale the highest CAGR during the forecast period. The increasing disposable income and changing lifestyle of the population are anticipated to favor the proliferation of the Food Container Plastic market in the region.

Competitive Tracking

The key players of the ****** Food Container Plastic market profiled in this MRFR report are

  • Bemis Company Inc. (US)
  • Crown (US)
  • Berry Plastics Corporation (US)
  • Graham Packaging Company (US)
  • Ball Corporation (US)
  • Constar International UK Ltd. (UK)
  • Graphic Packaging International LLC (US)
  • Anchor Glass Container Corporation (US)
  • PRINTPACK (US), and Plastipak Holdings, Inc. (US).

Industry News

In March 2019, Maryland, the U.S., has banned the use of Styrofoam Food Container Plastics.

In March 2019, Nestlé, a Swiss multinational food and drink company, has announced the launch of Nesquik All Natural powder in a recyclable pouch made of paper.

In January 2019, Loop, a leader of the sustainable plastic revolution, has compelled the world’s biggest brands to begin testing of reusable packaging on a subscription basis.

Get Full Report @ https://www.marketresearchfuture.com/reports/food-container-market-1799 

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