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The Global Food Container Market size is estimated to grow at a CAGR of 4.3% between 2022 and 2027. The market size is forecast to increase by USD 62.97 billion. The growth of the market depends on several factors such as the increasing demand for convenience, the growing demand for food containers from different end-user industries, and the increasing preference for durable and lightweight containers.
This food container market report extensively covers market segmentation by product (bottles and jars, cans, cups and tubs, boxes, and others), material (plastic, metal, glass, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the food container market growth is the increasing demand for convenience. The rising demand for convenience is a major driver shaping the global food container market. Due to the hectic modern lifestyle of consumers, there is an increasing preference for convenient food options that require minimal preparation and can be consumed on the go. Convenience enables consumers to access ready-to-eat or ready-to-heat meals quickly and easily.
Moreover, food containers offer a convenient solution for packaging and storing different food products, enabling consumers to enjoy meals at their preferred time and location. Furthermore, food containers provide the convenience of instant access to nourishment, eliminating the requirement for lengthy meal preparation or dining out irrespective of packaged salads, microwaveable meals, or portable snacks. Hence, such benefits are expected to drive market growth during the forecast period.
A key factor shaping the food container market growth is the growing importance of sustainable containers. There is a growing preference for containers that are environment-friendly and sustainable for consumers. Several market players are increasingly investing in the R&D of containers that are recyclable and resistant to friction, moisture, and heat. Additionally, many manufacturers are increasingly focusing on innovative technologies so that they can utilize versatile materials that are durable, eco-friendly, and temperature-resistant.
Furthermore, there is a growing preference for polypropylene, which is BPA-free and has a lower price point than polycarbonate among end-users. Additionally, several manufacturers are offering different kinds of biodegradable food storage container designs that would enable to maximize the storage space, thereby keeping the food fresh. Hence, such factors are expected to drive market growth during the forecast period.
Health and environmental safety issues associated with plastic food containers are hindering market growth. Additives are widely added in addition to polymers while manufacturing plastics as it provides durability, color, and various other properties to plastic products. As these additives as highly mobile by nature, they can get easily transferred to packaged food substances, which will lead to contamination of the product.
As a result, there is a growing concern regarding plastic containers as it affects the health of consumers. Furthermore, in the US, the manufacturers must receive prior permission or approval from the Food and Drug Administration (FDA) or the US Department of Agriculture in the form of the threshold of regulation exemption letter from the Food Contact Notification (FCN) in order to use certain types of plastics. Hence, such factors are expected to hinder market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Food Container Market Customer Landscape
The bottles and jars segment is estimated to witness significant growth during the forecast period. One of the main types of bottles and jars segment which are commonly used for packaging sauces, condiments, juices, and various beverages is glass bottles which possess non-reactive nature and ability to preserve the quality and flavor of liquids. This segment offers an ideal solution for products that need protection from light and oxygen to maintain their freshness and taste over a prolonged period. On the other hand, plastic bottles provide a lightweight and cost-effective packaging option for a diverse array of food items
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The bottles and jars segment was the largest segment and was valued at USD 81.89 billion in 2017. There is an increasing prevalence of PET bottles widely used for bottling water, soft drinks, juices, and other non-carbonated beverages. Additionally, there is an increasing preference for HDPE bottles for packaging cooking oils, milk, and personal care products due to their resistance to chemicals and impact. Another prominent segment is glass jars which are known for their elegant appearance and ability to showcase the contents. These glass jars are extensively used for preserving jams, pickles, spreads, honey, and other food products. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the key factors which significantly contribute to the growth of the food container market in APC are changing consumer preferences, growing demand for convenience, and an increasing focus on sustainable packaging solutions. China, India, Australia, Japan, and several other countries are significantly fuelling the growth of the food container market in the APAC region.
India and China are the main countries with a large and mature food container market. Factors such as a hectic lifestyle and growing consumption of processed and packaged foods are positively impacting the market growth in the region. Furthermore, the increasing adoption of e-commerce and food delivery services has further fuelled the need for food containers in APAC as these services need packaging that make sure the food safety during transportation and maintains the quality of the delivered products. Hence, such factors are expected to drive market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global food container market witnessed a significant slowdown due to disruptions in the supply chain resulting in a shortage of raw materials and components necessary for the production of food containers. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the reopening of end-user industries such as restaurants and catering. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Anchor Glass Container Corp: The company offers food containers such as Heatready, lifespan, and gosmart.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The food container market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Food Container Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market growth 2023-2027 |
USD 62.97 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.22 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, South Korea, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anchor Glass Container Corp., Ardagh Group SA, Ball Corp., Gordon Food Service Inc., Graham Packaging Co. LP, Graphic Packaging Holding Co., Newell Brands Inc., Pactiv Evergreen Inc., Reem Packaging Inc., Plastipak Holdings Inc., PMMI Media Group, Printpack Inc., S.C. Johnson and Son Inc., Tupperware Brands Corp., Viking Packaging, World Kitchen, Amcor Plc, Berry Global Inc., Sonoco Products Co., and The Clorox Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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