According to Technavio’s latest market research study, the global plastic food container market is expected to grow at a CAGR of close to 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global plastic food container market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
The top three revenue contributing product segments are discussed below
Global plastic food container market for meat products: The meat products application segment is projected to be the fastest-growing segment of the global plastic food container market. The rising preference for frozen foods among consumers across the globe is anticipated to propel the demand for plastic food containers for the packaging of meat products during the forecast period.
“The use of plastic containers for meat products is increasing with the emergence of robust and non-deformable plastic containers in various shapes and sizes. These containers are easy for storing, transporting, and disposing delicate food items such as meats, cold cuts, and sausages,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Global plastic food container market for dairy products: The rising dairy product output, especially in the global growth of yogurt, packaged cheese, ice cream, and other frozen desserts is the fundamental driving force behind the growth of the global plastic food container market for dairy products. China and India are two key revenue contributing countries in the market.
Global plastic food container market for bakery products: Bakery packaging comprises of cereals, biscuits, sliced or non-sliced cakes, pastries, different type of breads, and cookies. The growth of the market is driven by the rising popularity of healthy, organic, and natural baked foods and the rising consumption of bread worldwide. Factors such as availability of a broad range of products at reasonable prices, rapid urbanization, hectic lifestyles, vast product offerings with different taste and texture, and the benefits of baked foods over fried foods are anticipated to foster growth of the global plastic food container market for bakery products during the forecast period.
The top vendors operating in the global plastic food container market are:
- Amcor
- Bemis
- Berry Plastics
- RPC
- Silgan Holdings
Other prominent vendors in the market include Coveris, DS Smith, Graham Packaging, Greiner Packaging International, Linpac, Plastipak, Printpack, Resilux, Pactiv, Rexam, Serioplast, Winpak, MeadWestVaco, Reynolds, RockTenn, Saint-Gobain, Sealed Air, and Stora Enso.
A more detailed analysis is available in the Technavio report titled, ‘Global Plastic Food Container Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Food Storage Container Market in the US 2017-2021
- Global Flexible Intermediate Bulk Container Market 2017-2021
- Global Paper Cups and Containers Market 2017-2021
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