Global demand for food containers to reach $139 Billion
World demand for food containers is forecast to increase 4.5% annually to $139 billion in 2017. Demand increases will be especially noteworthy in the emerging markets of Central and South America, Eastern Europe, the Africa/Mideast region, and the Asia/Pacific region. Freedonia analyst Joe Pryweller predicts, “Food container demand will be driven by demographic factors in these regions, including the continued emergence of a strong middle class and the rise of two-income working households.” Pryweller also noted that, “As populations shift to larger urban centers worldwide, large supermarkets selling packaged food items are replacing the traditional rural vendor or market stall selling raw, minimally packaged items.”
Within the more mature, developed regions such as North America and Western Europe, the continued conversion to premium packaging (i.e., containers offering high barrier and convenience features) will fuel moderate growth. These and other trends are presented in World Food Containers,a new study from The Freedonia Group, Inc. (freedoniagroup.com), a Cleveland-based industry market research firm.