Market Research Report
U.S. Food Container Market Analysis By Product (Flexible Packaging, Paperboard, Rigid Packaging, Metal, Glass), By Application (Grain Mill, Dairy, Fruits & Vegetables, Bakery), And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557232|
|Published||Content info||70 Pages
Delivery time: 1-2 business days
|U.S. Food Container Market Analysis By Product (Flexible Packaging, Paperboard, Rigid Packaging, Metal, Glass), By Application (Grain Mill, Dairy, Fruits & Vegetables, Bakery), And Segment Forecasts, 2014 - 2025|
|Published: August 18, 2017||Content info: 70 Pages||
The U.S. food container market is projected to reach USD 51.92 billion by 2025, according to a new report conducted by Grand View Research, Inc. Rising expenditure towards improving nutritional supplementation by gym professionals and athlete is expected to promote the usage of milk and whey ingredients in the formulation sports nutrition goods. In addition, product innovation in baby care products including infant milk formula by Unilever and Nestle in the U.S. is expected to upscale the requirements of containers as packaging medium for milk powder and whey ingredients over the forecast period.
Meat processed goods are projected to grow at a CAGR of 4.7% from 2016 to 2025. High prevalence of production sites of meat processing companies including Tyson Foods, JBF, Cargill and National Beef is projected to keep extensive market reach for packaging products over the next nine years.
Key vendors include Berry Plastics, Bemis, Silgan Holdings, Amcor, Ball Corporation, Ardagh Group, Sealed Air Corporation, and Graham Packaging. In October 2013, Silgan Holdings Inc. completed the acquisition of leading plastic closure manufacturer, Portola Packaging, Inc., for approximately USD 265 million. This acquisition is expected to result in increasing the availability of plastic closures for the captive production of containers used in the food & beverage industry.