According to a new market report published by Credence Research “Food Containers Market – Growth, Future Prospects, and Competitive Analysis 2016 – 2023,” the food containers market has been estimated to be valued at US$ 247.2 Mn by the end of 2016, and is expected to reach US$ 342.5 Mn by 2023, expanding at a CAGR of 4.8% from 2016 to 2023.
The purpose of the report is to illustrate the state of the market of Sterile Injectables, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Food containers are generally utilized in the form of sacks, flexible bags, rigid plastic containers, paperboard, metal containers, and others. Rising significance of ready to eat food has strengthened the demand for food containers in all over the world. The substantial increase in food output as well as convenience of carrying, packaging and consumption has gained popularity among customers in today’s time. It has been notified that the number of women in service sector and other job related field has intensified over the past few years and this has ultimately increased the consumption of packed foods among urban people and has strengthened the demand for food containers all over the world. Rising urbanization as well as increasing number of single-person household is expected to spur the growth of food containers market over the period 2016-2023.
Increasing significant consumption of ready to eat food all over the world has strengthened the demand for food containers in the market. Apart from this, emergence of various new and innovative packaging containers is anticipated to foster the growth of food containers market over the forecast period. Changing lifestyle and fast living along with hectic work schedule among both men and women is anticipated to positively impact the growth of the market over the forecast period.
Food containers market is segmented on the basis of product type such as flexible packaging, rigid packaging, paperboard, and others. In 2015, flexible packaging segment contributed the highest revenue share of the total food containers market. The paperboard packaging is anticipated to expand at a robust CAGR till 2023. The global food containers market is further bifurcated by application which includes bakery, dairy, fruit and vegetables, processed meat, and others. Processed meat segment marked the highest revenue share in food containers market in 2015. Rising sales of beef and pork products in the countries such as U.S.A. and U.K. and Germany is anticipated to expand the growth of segment during the forecast period.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sterile Injectables buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Food Containers contains:
Analysis and forecast of Sterile Injectables market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Sterile Injectables market;
Assessment and forecast of Sterile Injectables market development;
Financial and business profiles of the leading companies in the Sterile Injectables industry.
– Up to date working Sterile Injectables data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Sterile Injectables for the period 2018 to 2026
– Planned Sterile Injectables additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Sterile Injectables projects by region, key countries, and companies
– Details of major planned Sterile Injectables projects in the world up to 2026
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