Global Food Container Industry 2018 Market Research Report, Popular Trends & Technological Advancements, Forecast & Opportunities
The forecast Food Container Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Food Container on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to the report the global food container market is projected to grow at a CAGR of 5.7% over the forecast period of 2018-2024.
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Biodegradable Properties to Promote Growth in the Food Container Market
The increasing number of women’s in labor force along with an increased number of families consuming packaged food drives the growth of the food container market. Moreover, increasing awareness of environmental issues, adoption of new regulatory requirements, health awareness and new packaging material development are fueling the growth of the food container market. Manufacturers are developing containers that are recyclable and resistant to friction, moisture, and heat. Therefore, the demand for ecological containers among consumers has increased. However, food contamination due to low quality might hamper the food container industry growth.
Furthermore, smaller size packaging of flour, edible oil, and ready meals are anticipated to furnish the massive growth opportunities for the industry over the years to come. On the other hand, the growing popularity of biodegradable rigid plastic packaging will drive the growth prospects for the global plastic food container market over the upcoming years. These products are made from petrochemicals with biodegradable additives that can be easily broken down by micro-organisms and reduce the toxic effect on the environment this, in turn, is anticipated to open several doors of opportunity for the key players in the food container market.
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Asia Pacific Region to Contribute to Growth in the Global Food Container Market
The Asia Pacific is anticipated to be the fastest growing region for food container market followed by Europe. The reasons contributing to the growth in the European region includes increasing disposable income, changing lifestyle, the increased popularity of packaged food, and increasing aggregate demand for preserved food. The growth in the Asia Pacific region is due to the growth in China to become the largest food packaging industry.
Pregis to Acquire Free-Flow Packaging International
In June 2018-Pregis has signed an agreement to purchase Free-Flow Packaging International. FP International provides a wide range of protective packaging solutions through brands such as the MINI PAK’R, PRO PAK’R, and POWER PAK’R and many other protective packaging products.
The acquisition of FP International will benefit their combined customer base by providing a robust set of diverse solutions and accelerated product development-most notably to address growing e-commerce shipping requirements.
Pregis offers protective packaging materials, equipment systems and surface protection to multiple sectors, including food, pharmaceutical, healthcare, medical devices, agricultural, e-commerce, retail, automotive, and transportation.
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Weener Plastics to Acquire Proenfar to Expand Product Portfolio
In April 2018-, Dutch plastic packaging supplier Weener Plastics (WP) Group has agreed to acquire Proenfar, a packaging solutions provider based in Latin America and currently owned by Altra Investments.
The transaction will allow Weener Plastics to continue its expansion in emerging markets and bolster its product portfolio. The financial terms of the deal were not disclosed.
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