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.
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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.
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.
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Food Container Global Market – Key Players
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, and Associated Packaging Technologies.
Food Container Global Market – Segmentation
Food Container Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises – Rigid and Flexible.
Segmentation by Application: Comprises – Fruits & vegetables, Dairy Products, Meat products, Frozen Food, Candy & Confections, and others.
Segmentation by Material : Comprises – Automobile, Plastic, Paper & paperboard, Metal, Glass, and others.
Segmentation by Product : Comprises – Bags, Pouches, Containers, and others.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Food Container Global Market – Synopsis
The plastic packaging both rigid and flexible has been dominating the market. Plastic packaging has been dominating the market. The food container market has grown over the years. The products are required to be preserved for longer span of time; they are required to be packed using durable, efficient and protective methods. Food& Beverage industry contributes the highest to the overall growth in the food container market. In developing countries, demand will be supported by the continued emergence of a strong middle class, the rise of two-income households, and the shift to larger urban centers.
Food Container Global Market – Regional Analysis
North America contributes largest share to the market.
The Asia-Pacific region is the fastest growing region for the food container market, followed by Europe. The reasons contributing to the growth in this region include increasing disposable income, changing lifestyle, increased popularity of packaged food and increasing aggregate demand for canned food.
We are thankful for the support and assistance from Global Food Container Market Research Report – Forecast to 2022chain related technical experts and marketing experts during Research Team survey and interviews.
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