India and China to Drive Global Food Container Demand
World demand for food containers is forecast to increase 4.5% annually to $139 billion in 2017, according to a recent study from The Freedonia Group Inc. Demand increases will be especially noteworthy in the emerging markets of Central and South America, Eastern Europe, the Africa/Mideast region, and the Asia-Pacific region.
“Food container demand will be driven by demographic factors in these regions, including the continued emergence of a strong middle class and the rise of two-income working households,” said Joe Pryweller, analyst. “As populations shift to larger urban centers worldwide, large supermarkets selling packaged food items are replacing the traditional rural vendor or market stall selling raw, minimally packaged items.”