Industry insights
Food containers are used in the form of flexible bags, sacks, paperboard, rigid plastic containers, metal containers, and glass bottles. The growing importance of flexible packaging material in the nutrition industry on account of exhibiting excellent properties including good heat insulation, aroma retention, and moisture barrier resistance is expected to drive the market over the projected period.
Improving organic personal care industry of Germany and France is expected to promote the packaging activity and thus likely to reduce the access of raw material to the food processing sector. Furthermore, regulatory norms aimed at controlling deforestation on a global level are expected to decrease the availability of paper as a feedstock for the production of food containers.
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Product Insights
Rigid plastics is projected to foresee growth at a CAGR of 4.4% from 2016 to 2025. Technological innovation in terms of the development of biodegradable plastics by companies including Cargill Foods is expected to open new market opportunities for the rigid packaging product forms over the forecast period.
Application Insights
Dairy goods are projected to foresee growth at a CAGR of 4.0% from 2016 to 2025. Product innovation by Kerry Foods, Fonterra, and Dairy Foods America Inc. coupled with the development of new products including cheese and chilled desserts are expected to play a significant role in increasing the demand for containers over the next nine years.
Regional Insights Asia Pacific was the largest market and accounted for 33.5% of global share in 2015. Population growth, rapid urbanization, and rising disposable income in developing countries including China, India, Bangladesh, and Thailand is anticipated to play an important role in increasing the industry size of the food & beverage sector which in turn will fuel growth over the next nine years.
The Middle East & Africa is expected to witness revenue growth at a CAGR of 4.6% from 2016 to 2025. The industrial shift from upstream oil & gas sector to domestic food & beverage sector in Middle East countries such as Saudi Arabia and UAE is expected to open new industry avenues over the upcoming years
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Report Scope
Attribute & Details
Base year for estimation
2015
Actual estimates/Historical data
2014 - 2015
Forecast period
2016 - 2025
Market representation
Revenue in USD Million & CAGR from 2016 to 2025
Regional scope
North America, Europe, Asia Pacific, Central & South America & MEA
Country scope
U.S., Canada, Mexico, UK, Germany, China, India, Brazil
Report coverage
Revenue forecast, company share, competitive landscape, growth factors and trends
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