The global Food Container Market was valued at US$ 295.18 billion in 2021 and is expected to reach over US$ 430.5 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2030.
The global market is driven by awareness of sustainability issues and environmental issues associated to food packaging, assuring the supply of high-quality food to consumers. Another aspect of the food container market’s taste is how it manages the tastes of its customers. Customers who live in different geographical areas may have trouble obtaining the food they want at that particular time, which presents a challenge for the food container market.
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Key Companies Insights
Leading market players are engaged in various activities such as new product development, new production process development, product innovation, collaborations, partnerships, acquisitions, and mergers to utilize untapped resources and policies to expand their customer base. Manufacturers on the market offer a wide range of products in different sizes, shapes and formats. Competition among players is based on numerous parameters such as company reputation and product offering, price, quality, recyclability and sustainability. Moreover, due to the growing concern about the environment, major manufacturers are focusing on using sustainable and eco-friendly materials such as paper and cardboard to produce different types of packaging products. For instance, in May 2021, Plastipak has officially launched a large-scale recycling investment at its manufacturing site in Toledo, Spain. A new recycling plant converts PET flakes into food-grade recycled PET (rPET) granules. The granules can be used directly in new preforms, bottles and containers.
Some of the key players operating in the global food container market include:
- Amcor plc
- Anchor Glass Container Corporation
- Ardagh Group
- Ball Corporation
- Bemis Company Inc.
- Berry Plastics Corporation
- Constar International UK Ltd.
- Crown
- Graham Packaging Company, Inc.
- Plastipak Holdings Inc.
- PRINTPACK
- Silgan Holdings, Inc.
- Sonoco Products Company
- Tetra Pak
- Weener Plastics
- Other Players
Segments
By Material
- Plastic
- Metal
- Glass
- Others
By Product Type
- Bottles & Jars
- Cans
- Cups & Tubs
- Boxes
- Others
By Packaging Type
- Rigid
- Flexible
By Application
- Grain Mill Products
- Dairy Goods
- Fruits & Vegetables
- Bakery Products
- Meat Processed Products
- Other
By End Users
- Hotels, Restaurants & Cafes
- Retail Food Chains
- Cinemas
- Institutional
- Canteens
- Others
Global Food Container Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Food Container market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions About This Report
- Which material segment accounted for the highest food container market share?
- Who are the key players in this market?
- What are the factors driving this market?
- How big is the food container market?
- What is the food container market growth?
- Which product segment held the largest food container market share?
- Which region dominated the food container market?
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