Food Containers: Rigid & Flexible
Growth in the US food container market will average 2.8% annually through 2020, exceeding $31 billion. Although this represents a deceleration from the advances registered during the 2010-2015 period, gains will be sustained by continued modest growth in food processing activity. In general, growth for flexible packaging products will be faster than that for rigid packaging.
This report segments the food container industry by product and market. Data is provided in US dollars and units.
Products include:
Pouches and bags
Paperboard
Plastic
Metal
Glass
Pouches and bags will remain the largest of these through 2020, accounting for nearly 45% of the market in value terms. However, rigid plastic will lead in unit terms. Plastic products will offer the fastest growth, driven by advantages over other containers, including lighter weight, the ability to offer either clear or opaque versions, re-seal ability, and shatter resistance.
Major markets include:
Fruits and vegetables
Dairy products
Grain products
Meat and related products
Baked goods
Snack foods
Candy and confections
Frozen specialties
Other
The fruits and vegetables segment was the leading market in 2015, accounting for 14% of demand. The most rapid gains through 2020 are forecast for the snack foods market, driven by fueled by new product introductions and increased popularity of snack products in single portion package sizes.
The report discusses market share information as well acquisition and divestiture activity. The food container industry includes hundreds of participating companies, such as Ardagh, Ball, Bemis, Berry Plastics, Crown Holdings, Graphic Packaging, Reynolds Group, Silgan, Sonoco Products, and West Rock.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook