The Goal of food storage/ container is to ensure safe and high quality food. Proper storage extends the shelf life of food, which depends on the food type, packaging and storage conditions, particularly temperature and humidity. Food Quality should not decrease significantly during storage if the recommended conditions and storage times are followed. Although Food Container Disposables are existing for quite some time and are used for the storage of mainly perishable goods, the trend of using these containers to store perishable food items, to keep it fresh for a long time, is picking up recently. The trend is increasing tremendously in urban regions mainly because of the increase in the number of working women in metros, the rise in disposable income, the burgeoning middle class populace and the trend of giving gifts or freebies amongst Organizations.
According to a recent study report published by the Market Research Future, the global Food Container Disposable Market is anticipated for a contenting growth in terms of value and volume, with a substantial rate of CAGR during the forecasted period (2016 – 2023) thanks to the burgeoning disposable income which is providing the impetus to the growth of global market of Food Container Disposables during the anticipated timeframe.
Key Players
A number of deals have gone through in recent years that have, for the most part, seen packaging companies refine their interests to focus on core areas. However, there are moves occurring by outside investors, i.e. private equity companies, to assist in the drive towards consolidation. Key acquisitions in recent years have included Graham Packaging’s acquisition of the majority of Owens-Illinois’ plastic container business (excluding healthcare packaging interests); Goldman Sachs’ acquisition of Berry Plastics in 2002 alongside JP Morgan, which has also been expanding its portfolio in the flexibles arena (Pliant, Klockner Pentaplast). Berry subsequently acquired Landis Plastics into 2003, taking its annual sales to multi millions USD.
Segmentation
Food Container Disposable Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises - Rigid and Flexible.
Segmentation by Application: Comprises - Fruits & vegetables, Dairy Products, Meat products, Frozen Food, Candy & Confections, and others.
Segmentation by Material : Comprises - Automobile, Plastic, Paper & paperboard, Metal, Glass, and others.
Segmentation by Product : Comprises – Bags, Pouches, Containers, and others.
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Regional Analysis
North America contributes largest share to the market.
The Asia-Pacific region is the fastest growing region for the Food Container Disposable market, followed by Europe. The reasons contributing to the growth in this region include increasing disposable income, changing lifestyle, increased popularity of packaged food and increasing aggregate demand for canned food.
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