Food Container Market to Grow with a CAGR of 4.3% Globally through 2028
Rapid growth of food delivery services and changing
consumer preferences are driving the Global Food Container Market in the
forecast period 2024-2028.
According to TechSci Research report, “Global Food
Container Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Food Container Market stood at USD 155.62
Billion in 2022 and is anticipated to grow with a CAGR of 4.3% in the forecast
period, 2024-2028. The global food container market is a dynamic sector that
plays a pivotal role in the food industry. Food containers serve as essential
vessels for packaging, protecting, and transporting a wide range of food
products. The market encompasses a diverse array of container types, including
plastic, glass, metal, paper, and more, each tailored to the unique needs of
various food items. The global food container market offers a diverse product
range that caters to the wide variety of food products consumed worldwide.
Plastic containers are commonly used for their affordability, lightweight
design, and durability, making them suitable for packaging both solid and
liquid foods. Glass containers are valued for their non-reactive nature and
their ability to preserve taste and quality, particularly for specialty and
premium products. Metal cans are ideal for long-term storage, offering robust protection
against environmental factors. Additionally, paper-based packaging solutions
have gained popularity, especially for environmentally conscious consumers, as
they are often biodegradable, compostable, or made from recycled materials.
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The global food container market is driven by several
key factors. The rise of urbanization and changing consumer lifestyles has led
to an increased demand for convenient, on-the-go food options. The expansion of
e-commerce and food delivery services has further propelled the market, as
these services rely heavily on effective packaging solutions to ensure food
safety during transportation. Sustainability concerns are another critical
driver, pushing manufacturers to explore eco-friendly materials and packaging
designs.
The growing emphasis on sustainability and
eco-friendly packaging is a significant trend in the food container market.
Single-use plastics have come under scrutiny due to their environmental impact.
As a result, there is a shift towards sustainable alternatives, such as
biodegradable plastics, compostable containers, and reusable packaging.
Manufacturers are actively working on creating innovative, environmentally
friendly materials and designs to meet consumer demands for sustainable
packaging. The food container market is marked by continuous
innovation in materials and technology. Advanced materials, like
vacuum-insulated stainless-steel containers, have gained popularity for their
exceptional temperature retention properties, making them suitable for hot and
cold beverages. Smart packaging solutions, such as freshness indicators and QR
codes, provide consumers with real-time information about product quality and
sourcing. Antimicrobial packaging materials are also emerging to enhance food safety
and extend shelf life.
The global food container market is influenced by
globalization and international trade. The need for efficient and standardized
packaging solutions for perishable goods, which require extended shelf life and
protection during long-distance transportation, is essential for the
international movement of food products. Cross-border trade necessitates
packaging that complies with various regulatory standards and preserves product
quality. Furthermore, cultural exchanges and the globalization of cuisines have
driven the demand for versatile packaging that can accommodate diverse food
types and portion sizes.
In conclusion, the global food container market plays
an indispensable role in the food industry, offering a wide range of container
types to cater to the diverse needs of various food products. It is shaped by
changing consumer lifestyles, the growth of e-commerce and food delivery
services, a strong focus on sustainability, constant advancements in materials
and technology, and the demands of globalization and international trade. As
the market continues to evolve, manufacturers will need to adapt to these
trends and invest in innovative packaging solutions that meet the demands of
consumers and businesses in a dynamic and competitive industry.
The Global Food Container Market is segmented into
product type, material, distribution channel, regional distribution, and
company.
Based on product type the market is segmented into bottles
& jars, boxes, tubs, others.
Based of material the market is segmented into plastic,
glass, metal, and others. The global food container market has seen a surge in
demand for plastic containers due to their versatility, affordability, and
convenience. Plastic containers are lightweight, durable, and well-suited for a
wide range of food products. Their practicality and cost-effectiveness make
them the preferred choice for both consumers and manufacturers. However, as
environmental concerns grow, the industry is working to strike a balance
between the convenience of plastic containers and the need for sustainable,
eco-friendly alternatives to address the challenges of plastic waste.
Based on distribution channel the market is segmented
into offline and online.
Based on region the market is segmented into five
regions, North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Major companies operating in Global Food
Container Market are:
- Amcor plc
- Berry Plastics Corp.
- Silgan Holdings, Inc.
- Ardagh Group
- Plastipak Holdings, Inc.
- Sonoco Products Company
- Weener Plastics
- Graham Packaging Company, Inc.
- Ball Corp.
- Tetra Pak
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“Rising emphasis on sustainability and eco-friendly
packaging is a significant trend that is expected to have an impact on growth
over the forecasted period. Rapid growth of food delivery services and changing
consumer preferences will positively impact the Global Food Container Market.
Due to the wide range of products available to meet specific needs of, as well
as the growing popularity of the online sales channel, the market is growing at
impressive rate through projected period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Food
Container Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Product Type (Bottles & Jars, Boxes, Tubs, Others),
By Material (Plastic, Glass, Metal, Others), By Distribution Channel (Offline,
Online), By Region, By Competition, 2018-2028”, has evaluated the
future growth potential of Global Food Container Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Food Container Market.
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