Food Container Global Market – Overview
The Goal of food storage/ container is to ensure safe and high quality food. Proper storage extends the shelf life of food, which depends on the food type, packaging and storage conditions, particularly temperature and humidity. Food Quality should not decrease significantly during storage if the recommended conditions and storage times are followed. Although Food Containers are existing for quite some time and are used for the storage of mainly perishable goods, the trend of using these containers to store perishable food items, to keep it fresh for a long time, is picking up recently. The trend is increasing tremendously in urban regions mainly because of the increase in the number of working women in metros, the rise in disposable income, the burgeoning middle class populace and the trend of giving gifts or freebies amongst Organizations.
According to a recent study report published by the Market Research Future, the global market of Food Container is anticipated for a contenting growth in terms of value and volume, with a substantial rate of CAGR during the forecasted period (2016 – 2022) thanks to the burgeoning disposable income which is providing the impetus to the growth of global market of Food Containers during the anticipated timeframe.
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The key drivers contributing to the growth of the food container market are increasing awareness of environmental issues, adoption of new regulatory requirements, health awareness and new packaging material development. The growing requirement for brand differentiation in an increasingly competitive environment is expected to drive the market, states the MRFR Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 130 pages.
Food Container Global Market – Competitive Landscape
The Global Food Container Market appears to be highly fragmented and competitive.
Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market and to maintain their market position. 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.
A number of deals have gone through in recent years that have, for the most part, seen packaging companies refine their interests to focus on core areas. However, there are moves occurring by outside investors, i.e. private equity companies, to assist in the drive towards consolidation. Key acquisitions in recent years have included Graham Packaging’s acquisition of the majority of Owens-Illinois’ plastic container business (excluding healthcare packaging interests); Goldman Sachs’ acquisition of Berry Plastics in 2002 alongside JP Morgan, which has also been expanding its portfolio in the flexibles arena (Pliant, Klockner Pentaplast). Berry subsequently acquired Landis Plastics into 2003, taking its annual sales to multi millions USD.
The key players of global food container market include :
- Bemis Company Incorporated
- Berry Plastics Corporation
- Crown Holdings Incorporated
- Graham Packaging Company Incorporated
- Graphic Packaging Holding Company
- Ball Corporation
- Constar International Incorporated
- Anchor Glass Container Corporation
- Alcan Packaging Food Americas
- Associated Packaging Technologies
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Global Food Containers Market – Segments
Global Food Containers Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
By Type : Rigid and Flexible
By Material : Plastic, Paper & paperboard, Metal, Glass and others
By Product : Bags, Pouches, Containers and others
By Application : Fruits & vegetables, Dairy Products, Meat products, Frozen Food, Candy & Confections, and others
By Regions : Geographical regions – North America, Europe, APAC and Rest of the World
Global Food Containers Market – Regional Analysis
Asia Pacific commands largest market share due to factors such as the introduction of active and intelligent packaging solutions by vendors such as Amcor. The growing demand for flexible packaging will boost food containers market growth in Asia Pacific region during the forecast period. China holds the largest share in Asia Pacific due to growing demand for fresh vegetables and fruits. China meat packaging is expected to show a significant growth during the forecast period, owing to factors such as rise in personal disposable income and rise in consumption of beef, pork and other meat.
Other factors such as favorable socio- economic factors such as changing eating habits, higher purchasing power, urbanization, increasing health consciousness towards protein rich diet, India has witnessed an increase in demand for food containers. Also, the changing demographics such as growing women workforce has led to an inclination towards packaged food and convenience food items, which reduces the cooking time. This has also played a major role in changing the demand dynamics of the market.
North America is expected to witness moderate growth in the overall food containers market. However, the region will see demand increasing from fresh food, especially meat, poultry and seafood packaging as the people in the region are more inclined towards convenience products. The demand for food containers in the region is also expected to be driven, owing to factors such as stringent regulations on food safety.
- Raw Materials Suppliers
- Aftermarket suppliers
- Research Institute / Education Institute
- Potential Investors
- Key executive (CEO and COO) and strategy growth manager
The report for Global Food Container Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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