Global Plastic Food Container Market 2017-2021

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Overview of the global plastic food container market

According to Technavio's analysts, the global plastic food container market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. The growing consumption of processed and packaged food items will drive the growth prospects for the global plastic food container market until the end of 2021. Some of the major factors responsible for the growing demand for plastic food containers to preserve packaged food products are the increasing level of disposable incomes in South America, Eastern Europe, the Middle East, and APAC, the rising middle-class population, busy lifestyles, and the growing preference for packaged ready-to-cook meals and beverages. Moreover, the market is witnessing a high trend for intelligent packaging solutions that can improve safety and convenience, monitor freshness, and extend product shelf life, which not only increases the sales volume of plastic food containers and plastic storage boxes but also drives the demand for single-sized containers.

The growing popularity of biodegradable rigid plastic packaging will drive the growth prospects for the global plastic food container market for the next four years. These products are made from petrochemicals with biodegradable additives that can be easily broken down by micro-organisms and reduce the toxic effect on the environment, which, in turn, will propel the rate of revenue generation in the global plastic food storage container market.

Competitive landscape and key vendors

The global plastic food container market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. It has been observed that smaller and local vendors compete against the international vendors in terms of cost as they find it highly difficult to compete against them in terms of quality, features, and range of offerings. These plastic storage boxes vendors are increasingly competing against each other based on factors such as product offerings, differentiation, and pricing.

Key vendors in this market are -

• Amcor
• Bemis
• Berry Plastics
• RPC
• Silgan Holdings

Other prominent vendors in the market include Coveris, DS Smith, Graham Packaging, Greiner Packaging International, Linpac, Plastipak, Printpack, Resilux, Pactiv, Rexam, Serioplast, Winpak, MeadWestVaco, Reynolds, RockTenn, Saint-Gobain, Sealed Air, and Stora Enso.

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Segmentation by application and analysis of the plastic food container market

• Meat products
• Dairy products
• Bakery products
• Fruits and vegetables

The global plastic food container market for meat products accounted for the majority market share during 2016 and will continue to dominate the market for the next four years as well. With the emergence of robust and non-deformable plastic containers in various shapes and sizes, the demand for these disposable food containers is increasing for the storage and transportation of delicate food products such as meats, cold cuts, and sausages. Also, the growing preference for frozen food items among various consumers will further boost the growth rate of the market segment.

Segmentation by geography and analysis of the plastic food container market

• APAC
• Europe
• North America
• ROW

In terms of geography, APAC accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Some of the major factors responsible for the market's growth in the region is the growing population, increased industrialization, and infrastructural development.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global plastic food container market?
• What are the key market trends impacting the growth of the global plastic food container market?
• What are the challenges to market growth?
• Who are the key vendors in the global plastic food container market?
• What are the market opportunities and threats faced by the vendors in the global plastic food container market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global plastic food container market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Food Storage Container Market in the US 2017-2021
• Global Flexible Intermediate Bulk Container Market 2017-2021
• Global Paper Cups and Containers Market 2017-2021
• Global Rigid Plastic Packaging Market 2016-2020

By distinguishing both immediate and long-term food packaging trends, marketing and research strategies, growth potential, and challenges, Technavio brings an all-inclusive collection of market research reports on the various aspects of the packaging sector, which is an integral part of Technavio's transportation and logistics industry. While analyzing the market space for the packaging sector, the research analysts have noted that this industry is observing massive product innovations in the field of food packaging that has created numerous business opportunities, at both international and regional levels, to influence the overall industry's growth. Our actionable market intelligence reports also provide information on some of the leading players in the transportation and logistics industry including Amcor technology, Hitachi, Honeywell, Dynaflex, Baxter, Renolit, and Rexam, who focus on offering protective and sustainable food and beverage packaging solutions.

Technavio's research analysts have focused on several market insights to offer a comprehensive picture of the growth prospects and latest trends for packaging products like plastic food containers. The upcoming report on plastic food containers also presents a custom-made and unbiased approach to meet research objectives through the thoughtful use of appropriate analytical tools and evaluates the existing marketing trends, sales, and products. It has been noted that the growth of the food packaging industry is primarily dependent on the growth of the packaged food market and advanced packaging materials like plastics. Our report expertise also comprises calculating new market opportunities, market sizing, categorizing key growth drivers and restraints, and operational business strategies.

Our upcoming market intelligence report on plastic food containers also considers the growth of other sustainable packaging markets like antimicrobial packaging and flexible protective packaging, which are expected to grow at a CAGR of around 5% and 6%, respectively by 2020.  Technavio also provides a detailed analysis of the various packaging solutions required by different end-users, the scope of the market across diverse geographical locations, the major suppliers in the markets, and the services provided by the key players. Technavio's packaging portfolio includes in-depth and knowledgeable reports on rigid packaging, flexible packaging, food packaging machinery, and processing machinery.

The market report for plastic food container also identifies the key drivers, emerging trends, as well as the challenges that the packaging industry is currently experiencing. It also presents insights into the changing competitive landscape to give businesses a realistic picture of the future direction of the transportation and logistics sector.