Plastic Food Containers Market - Global Industry Analysis, Growth, Trends, and Forecast 2018 - 2026
Albany, NY -- (SBWIRE) -- 04/16/2019 -- Demand for plastic containers in the food industry has remained consistent since the last few years. Plastic has replaced several materials, such as, metal, paper, and glass in the food industry. Plastic containers have widespread application in food and beverage products. With the emergence of non-deformable and strong plastic containers in multiple sizes and shapes, utilization of plastic containers for storage of meat products has increased. Moreover, demand for plastic food containers is rising significantly they facilitate transportation and storage of various food items, such as, cold cuts, sausages, and meat.
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Increased consumption of processed food and packaged food items is projected to drive the growth of the global plastic food containers market during the forecast period. Key factors contributing to the high demand for plastic food containers to preserve packaged food products include rise in disposable income of people in developing economies, growing middle-class population, changes in lifestyle of people, and increase in preference for packaged, ready-to-eat meals.
Further, rise in the trend of innovative packaging solutions to improve safety and convenience, retain freshness, and extend shelf life of food items is likely to positively impact the sale volume of plastic food containers and plastic storage.
Increasing popularity of biodegradable plastic food containers is another key factor likely to drive the growth of the global plastic food containers market in the next few years. Biodegradable plastic containers are produced using petrochemicals with biodegradable additives which can be broken down into microorganisms, which subsequently decreases the toxic impact of the containers on the environment. This, as a result, is projected to increase the demand for biodegradable plastic food containers, thereby augmenting the growth of overall plastic food containers market in the near future. However, plastic does not last for long.
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Key players operating in the global plastic food containers market include RockTenn, Bemis, Reynolds, Berry Plastics, RPC, Plastipak, Printpack, Resilux, Greiner Packaging International, Linpac, Pactiv, Coveris, Rexam, Serioplast, Winpak, Graham Packaging, and Amcor.