Global Information would like to present a market research report, "World Food Containers" by Freedonia Group.
As a result of our increasingly fast-paced, on-the-go lifestyles trends continue to point toward the widespread growth of convenience-orientated food options, which all require a vast range of containers. Moreover, packaged and processed food offers convenience and provides a solution for those lacking the time for meal preparation. Spending on packaged and processed foods will continue to be fueled by the rising percentage of women in the workforce and urban population growth, along with escalating numbers of single-person households.
Plastic containers are expected to make the fastest gains in the global demand for food containers because of their cost advantages over glass and metal containers. Meanwhile, bags and pouches will continue to be the largest product type by a wide margin. The cost advantages associated with bags and pouches in comparison to rigid containers is great, specifically considering the fact that such packaging is smaller in size and lighter in weight and requires lower energy to produce. Additionally, in efforts to reduce their environmental footprints, packaging producers will shift towards a greater emphasis on products made from biodegradable materials.
It is projected that the fastest gains in food containers will occur in the worlds developing regions: Asia, Eastern Europe, Africa/Middle East region, and Latin America. For example, China itself is anticipated to account for more than one-fifth of the world value gains in food containers between 2008 and 2013. However, the US remains the worlds largest user of food containers by a long stretch.