- The key vendors in the global food container market 2015-2019 are Amcor Ltd., Ball Corp., Crown Holdings Inc. and Silgan Holdings Inc.
London, 01 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global food container market 2015-2019. Increased demand for plastic-based packaging among consumers and industrial buyers is one of the key trends upcoming in the market. Both rigid plastic and flexible plastic packaging products are gaining market share over other packaging materials because of the durability and versatility offered by plastic packaging. The global food container market is expected to grow steadily at a CAGR of 3.47%, during the period 2015-2019.
Growing demand for convenient packaging such as microwavable and dual ovenable packaging containers is forcing vendors to provide advanced, premium, and customized packaging solutions for their products. However, rising cost of raw materials will hinder the growth of the market.
“The surging demand for dairy products and growth of developing economies, such as China and India, is resulting in an increased demand for dairy packaging in APAC,” says Faisal Ghaus, Vice President of Technavio Research.
“The dairy sector is expected to witness a rapid surge in liquid carton and rigid packaging by 2017. This will be mainly in the plastic containers segment for yogurt packaging and brick liquid cartons segment for flavored milk packaging.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
