Food Container Market

Food Container Market

Growth Factors of Food Container Market

The Food Container market size was valued at USD 222 billion in 2023, and the market is now projected to grow from USD 233.13 billion in 2024 to USD 361.64 billion by 2032, exhibiting a CAGR of 5.64% during the forecast period of 2024-2032.

The approach of the COVID-19 infection disturbed the supply chain within the advertise and driven to a shutdown of a few businesses. Be that as it may, the fast development in online nourishment conveyance administrations universally boosted the advertise development amid the COVID-19 widespread. The greatly developing nourishment industry universally too contributes to the growing nature of food container market share.

The expanding shopper mindfulness with respect to the destructive impacts of plastic material on the environment and human wellbeing has surged the utilization of economical holders for nourishment capacity and bundling. On the other hand, as eco-friendly bundling is made from biodegradable and compostable materials, which can effectively break down and don't posture any harm to the environment, shoppers majorly utilize it. Eco-friendly holders diminish the carbon impression and are hence utilized by nourishment producers and buyers. The rising utilization of such eco-friendly holders for food packaging not only disposes of food waste, but it goes hand in hand in boosting the food container market growth.

The rising drift of online nourishment conveyance has elevated the demand for nourishment holders, advance driving in the rapid market development. The comfort and extra benefits advertised by online basic need shopping and nourishment conveyance have boosted the demand for ready-to-eat suppers. The expanding request for convenience food items too supplement the market development. The holders offer long-lasting and high-quality nourishment bundling that's able of securing nourishment things amid travel and offer conveyance. The hectic routine and daily chores of life and expanding working populace have majorly boosted the demand for ready-to-eat dinners, which in turn helps the market develop.

Comprehensive Analysis Of Food Container Market

On the differential basis of material, the market is sectioned into plastic, paper & paperboard, glass, metal, and others. Plastic is the most dominating material portion and is evaluated to accomplish fast development amid the figure period. On the basis of type of product, the market is portioned into bottles & jugs, mugs & tubs, boxes & cartons, plate, and others. Mugs & tubs are the ruling section and are assessed to develop quickly over the projected timeframe in the long run. Based on application, the market is fragmented into fruits & vegetables, dairy items, spices & condiments, frozen food, bakery, snacks & confectionery, ready-to-eat dinners, and others. Natural products & vegetables are the ruling application portion. The containers fabricated for packaging food items are lightweight, odorless, recyclable, stackable, and have required food review.

North America is the ruling region within the market with a valuation of USD 73.53 billion. The region's well-established food manufacturing industry, at the side the created bundling segment, contributes to the worldwide food holder market share. The National Restaurant Association evaluated that in 2023, there were roughly 749,000 eateries within the U.S., among which 349,000 were chain eatery businesses, and 156,715 comprised single-location full-service eateries and chain and free foundations. The rising demand for containers of food among these eateries, fast-food chain outlets, and retail segments moreover boosts the advertise development within the region of North America.

The top players in the market are Amcor, Berry Global Inc., Ardagh Group (Luxembourg), Graphic Packaging International, LLC (U.S.), Tetra Pak (Switzerland), and International Paper (U.S.), among others are capturing an impressive worldwide market share in 2023. The driving position of these companies is basically credited to solid item offerings, counting strength generics.

In December 2023 the company Novolex reported the dispatch of its modern nourishment bundling holders that are recyclable and fabricated with a least of 10% Post-Consumer Recycled (PCR) substance. The extend comprises of a few sizes of tamper-evident holders, dessert glasses, cake holders, and bakery clamshells.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.64% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

- Plastic

• Polypropylene (PP)
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Others

- Paper & Paperboard

- Glass

- Metal

- Others

By Product Type

- Bottles & Jars

- Cups & Tubs

- Boxes & Cartons

- Trays

- Others

By Application

- Fruits & Vegetables

- Dairy Products

- Spices & Condiments

- Frozen Food

- Bakery, Snacks & Confectionery

- Ready-to-eat Meals

- Others

By Region

- North America (By Material, Product Type, Application, and Country)

• U.S. (By Product Type)
• Canada (By Product Type)

- Europe (By Material, Product Type, Application, and Country)

• Germany (By Product Type)
• UK (By Product Type)
• France (By Product Type)
• Italy (By Product Type)
• Spain (By Product Type)
• Russia (By Product Type)
• Poland (By Product Type)
• Romania (By Product Type)
• Rest of Europe (By Product Type)

- Asia Pacific (By Material, Product Type, Application, and Country)

• China (By Product Type)
• India (By Product Type)
• Japan (By Product Type)
• Australia (By Product Type)
• Southeast Asia (By Product Type)
• Rest of Asia Pacific (By Product Type)

- Latin America (By Material, Product Type, Application, and Country)

• Brazil (By Product Type)
• Mexico (By Product Type)
• Argentina (By Product Type)
• Rest of Latin America (By Product Type)

- Middle East & Africa (By Material, Product Type, Application, and Country)

• Saudi Arabia (By Product Type)
• UAE (By Product Type)
• Oman (By Product Type)
• South Africa (By Product Type)
• Rest of the Middle East & Africa (By Product Type)


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