The global food and beverages market is expected to reach US$5.77 trillion by 2017, growing at a compound annual growth rate (CAGR) 5.02%.
As food products need to be preserved for a long period, they are packaged in extremely protective and durable containers.
An increased demand for ready-to-eat food has brought about a transformation in the packaging industry, as the food packaging market sees new and innovative packaging containers and techniques that can increase product shelf life.
Technavio’s analysts forecast the global food container market to grow at a CAGR of 4.08% over the period 2014-2019.
