Global market for food containers 2016-2022
According to a new report by Stratistics MRC the global food containers market is expected to grow from $122.41 billion in 2015 to reach $199.1 billion by 2022 with a CAGR of 7.2%. Growing urban population and increasing number of working women are the key drivers for the market growth. An improved demand for ready-to-eat food has brought a shift in the packaging industry. Convenience of packaging, carrying and consumption has gained unparalleled importance among consumers.
The meat, fish, & poultry segment is anticipated to be the largest revenue generating market owing to the increasing sales volumes of frozen beef product forms in the developed countries including the U.S. and Germany.
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