Global food and beverages plastics market is expected to reach US$71.5 billion by 2016

09-Jan-13

The Global Food and Beverages Plastics market is expected to reach US$71.5 bln by 2016, primarily supported by the end-user Fruit and Vegetables, Dairy, Bakery and Bottles/Containers, as per Research and Markets. Globally, Fruit and Vegetables and Bottles/Containers together account for approximately 40% of the market are expected to support the Food and Beverages plastics industry going forward. Geographical analysis for Food and Beverages Plastics market shows that the highest Compounded Annual Growth Rate (CAGR) of 8.1% is anticipated from Asia-Pacific region during the analysis period 2011-2016. The Americas follows Asia-Pacific with a CAGR of 7.5%, while the Europe forecasts to drive with a growth rate of 4.1%.