Skip to main content

The US$ 346.99 billion packaging market

Global – The global food container market size is expected to reach US$ 346.99 billion by 2025, according to a new report by Grand View Research, based in California.

Flexible packaging is expected to witness growth at a compound annual growth rate of 4.6% from 2016 to 2025. It is added that flexible packaging was the largest product segment in 2015, accounting for almost 42% of market share.

Meanwhile, rigid plastics is projected to foresee growth at a compound annual growth rate of 4.4% from 2016 to 2025. The global food container market size was valued at US$ 231.91 billion in 2015. Besides, paperboard products accounted for some 20% of global revenue share that year.

‘The excellent recycling ability of paperboard as compared to its plastics and glass counterparts is expected to remain a key influencing factor for industry in the near future,’ the researchers write.

‘The rising importance of bio-plastics packaging in the food & beverage industry as a result of stringent regulations aimed at recycling in the manufacturing sector is projected to expand industry size over the next nine years,’ they add.

Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.

You might find this interesting too

The ‘fraud’ of plastic recycling
Plastic recyclers are going strong
Backing for Dutch thermal analysis tech

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe