Overview and Scope
A food container is a box made of metal, plastic, or wood that is used for storing and transporting food from one location to another, as well as to protect food items from damage or microbial contamination in order to extend the shelf life of food items. The container is used as a bag, plastic container, or glass container.
Sizing and Forecast
The food containers market size has grown strongly in recent years. It will grow from $275.51 billion in 2023 to $300.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to food preservation and shelf life, convenience and on-the-go lifestyles, urbanization and population growth, food safety regulations, sustainability concerns.
The food containers market size is expected to see strong growth in the next few years. It will grow to $435.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to customization and branding, health and safety concerns, online food delivery and meal kits, regulatory changes and packaging standards. Major trends in the forecast period include innovation in material science, meal prep and portion control, single-use plastics alternatives, smart packaging, eco-friendly packaging.
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Segmentation & Regional Insights
The food containers market covered in this report is segmented –
1) By Product: Bottles and Jars, Cans, Cups and Tubs, Boxes
2) By Material: Plastic, Metal, Glass
3) By Application: Meat Products, Dairy Products, Bakery Products, Fruits and Vegetables
Asia-Pacific was the largest region in the food containers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food containers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in consumption of processed and packaged frozen food is anticipated to propel the growth of the food container market. Processed foods include various ingredients like artificial colors, flavors, or other chemical additives, which affect the health of individuals that cause obesity and other chronic diseases like diabetes and heart disease. Nowadays, because of the fast-moving lifestyle of individuals, there has been increasing in the consumption of processed and frozen packaged foods. This high consumption creates demand for processed and frozen packaged food, which again allows food processing and packaging industries to develop more products with more nutrient value and ensure minimum side effects. For instance, in 2022, according to the report by American Frozen Food Institute, frozen food sales in the US reached more than $72 billion. Moreover, virtually all US households almost 98.6% purchase frozen food at least once a year. Therefore, the demand for processed and packaged food is driving the demand for food-containing containers.
Key Industry Players
Major companies operating in the food containers market include Amcor plc, Plastipak Holdings Inc., Sonoco Products Company, Graham Packaging Company Inc., Ball Corporation, Printpack Incorporated, Ardagh Group, Tetra Laval International S.A., Bemis Company Inc., Graphic Packaging International LLC, Anchor Glass Container Corporation, Caraustar Industries Incorporated, Evergreen Packaging, Anchor Packaging Inc., Berry Global Group Inc., Cambro Manufacturing Company, CKS Packaging Inc., Crown Holdings Inc., Dart Container Corporation, D&W Fine Pack LLC, Eco-Products Inc., Fabri-Kal Corporation, Genpak LLC, Georgia-Pacific LLC, Huhtamäki Oyj, Inline Plastics Corporation, International Paper Company, Libbey Inc., Menasha Packaging Company LLC, Novolex Holdings LLC, Pactiv LLC, Placon Corporation, Polytainers Inc., Reynolds Group Holdings Limited, Sabert Corporation
The food containers market report table of contents includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
………..
- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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