Food Container Market Forecasts to 2028 – Global Analysis by Product (Cans, Bottles & Jars, Cups & Tubs, Boxes, Other Products), Material (Metal, Plastic, Glass, Paperboard, Other Material), Type (Flexible Packing, Rigid Packing), Application, End User and By Geography
According to Stratistics MRC, the Global Food Container Market is accounted for $160.81 billion in 2022 and is expected to reach $229.41 billion by 2028 growing at a CAGR of 6.1% during the forecast period. Food is kept in a food storage container at ambient temperature, in the fridge, or in the freezer. Any of these ways to store food can be done in a variety of ways. Numerous aspects must be taken into consideration when selecting the sort of container to employ. Take into account the type of food, the length of storage, the amount of storage space, and the style of storage (room temperature, refrigerator, or frozen). Glass containers, plastic containers, and plastic bags are all respectable alternatives.
According to United Nations Environment Programme, around 40% of the demand for plastic is generated by single-use plastic products such as cup, lid, straws, water bottle, or the plastic container. The reports by the UN Environment Programme revealed that globally around 1,000 rivers are accountable for nearly 80% of global annual riverine plastic emissions into the ocean, which range between 0.8 and 2.7 million tons per year. According to Invest India, India has 18 mega food parks that are in operation and 19 food parks in progress. The major investors in the Indian food market are Kraft Heinz Company, Danone, Nestle, McCain, and Mars among several others. India shipped approximately 1,290 kilo tones of seafood worth USD 6.68 billion between 2019 and 2020.
Market Dynamics:
Driver:
Environmentally friendly food containers
The demand for food containers has increased in this global industry. There are more environmentally friendly food containers being produced as people grow more conscious of environmental issues. Additionally, this market will keep expanding as individuals pay more attention to their health. Additionally, this industry will have a lot of potential during the expected time due to the growing need for perishable goods like dairy and meat that may be preserved in environmentally friendly containers. Therefore, throughout the anticipated period, ecologically friendly food containers will drive the expansion of the worldwide food container market.
Restraint:
Changing preferences of consumers
The global food container market is expanding at an alarming rate, but certain factors are limiting this growth, such as changing consumer preferences, which make it challenging for market players to keep up with because doing so requires them to invest heavily in cutting-edge designs that appeal to consumers. Plastic, whose price is always changing, is another crucial raw material used in the production of market goods.
Opportunity:
Maintaining food quality
Food goods may be transported safely over long distances from their location of manufacture thanks to the food containers, which also keep them fresh. The need for food containers has grown as a result of urbanization, population growth, and lifestyle changes. In addition, government regulations on the food and beverage sector's greenhouse gas emissions are anticipated to increase demand for sustainable packaging and spur market expansion. Due to this feature, there are many potential for the market for food containers to expand.
Threat:
Low quality of materials
Food that is kept in poor-quality containers becomes contaminated. When food is kept in containers for an extended period of time, food deterioration is known to happen. For market participants in food containers, adapting to shifting customer tastes is their toughest challenge. Players in the food container market must therefore provide innovative, high-quality goods that are airtight, leak-proof, and appealing to the eye. Therefore, poor material quality poses a significant obstacle to the market's expansion for food containers throughout the anticipated time.
Covid-19 Impact:
In the most severe case, the COVID 19 worldwide pandemic situation has had an impact on people's lives. Everyone now has to deal with both financial troubles and health issues. The economies have been plunged into a recession by this pandemic. Due to the closure of manufacturing facilities, COVID 19 has interfered with business as usual, but due to growing government regulations and increased awareness of the importance of hygiene in food factories and packaged goods, it had little impact on the market for food containers.
The plastic is expected to be the largest during the forecast period
Based on material, the plastic category anticipated the largest share during the forecast period in the food container market. Plastic is the most often used material in the packaging business because of all the benefits it has over other materials. Plastic is both lighter and more energy-efficient to manufacture than other materials. Plastic food containers are frequently seen and sold in retail establishments. Depending on its thickness, food containers can be of poor to high grade.
The rigid packaging dust collectors segment is expected to have the highest CAGR during the forecast period
Based on the packaging type, the food container market may be further divided into rigid packaging, and flexible packaging. The market's CAGR during the predicted period was highest in the rigid packaging segment. This is made possible by its robust stiffness, impact resistance, and barrier properties. The segment's expansion during the anticipated term is being driven by the longer lifespan of the rigid food containers.
Region with highest share:
The North America region market is estimated to witness a highest share of the global Food Container market during the forecast period. This is the cause of the rise in packaged goods consumption, the decrease in waste, the rise in household use of tiny food containers, and the demand for fresh food. The sector in this area is also being driven by reasons including increased personal income, urbanisation, and rising demand in packaged goods. Additionally, the U.S.'s growing appetite for canned items such tinned fish and meat is driving market growth in the area. Due to the strong expansion of the food and beverage industry, one of the key factors driving the regional market, the U.S. generated the most revenue in North America.
Region with highest CAGR:
The Asia-Pacific area dominates the global market because it is expanding at the highest rate of CAGR. This is due to changing consumer preferences, rising total demand for canned food, rising popularity of packaged goods, and rising personal disposable income. During the global forecast period, these most significant major key players employ a variety of strategies and policies to expand in the potential market using underutilised resources and strategies like the development of a new product, product innovation, development of a new production process, collaboration, mergers and acquisitions, and partnerships.
Key players in the market
Some of the key players in Food Container market include Crown Holdings Incorporated, Berry Plastics Corporation, Bemis Company Incorporated, Graphic Packaging Holding Company, Ball Corporation, Graham Packaging Company Incorporated Alcan Packaging Food Americas, Constar International Incorporated, Anchor Glass Container Corporation, Associated Packaging Technologies, Amcor, Easytech Closures S.p.A., Unicep Packaging, Silgan Holdings, Inc., Ardagh Group, and Weener Plastics.
Key Developments:
In April 2022, Amcor introduced the inclusion of new high-shield laminates that are more sustainable for its pharmaceutical container business. The high barrier and performance requirements supporting the pharmaceutical industry's recyclable ambitions aimed to be met by the revolutionary recycle-ready and low-carbon, packaging options.
In October 2021, Easytech Closures S.p.A. was acquired by Silgan Holdings Inc. In Europe, this company manufactures and sells easy-open and sanitary metal ends for metal containers, particularly for food products.
In September 2021, Unicep Packaging was bought by Silgan Holdings Inc. today. Unicep develops, devises, manufactures, and markets precision dosing supplying products and solutions, such as oral care and skin care products, primarily for the health care, animal health, diagnostics, oral care, and personal care businesses as a Specialty Contract Manufacturer and Developer (SCMD) solutions provider.
Products Covered:
• Cans
• Bottles & Jars
• Cups & Tubs
• Boxes
• Other Products
Materials Covered:
• Metal
• Plastic
• Glass
• Paperboard
• Other Materials
Types Covered:
• Flexible Packing
• Rigid Packing
Applications Covered:
• Dairy Product
• Grain Mill Products
• Bakery Products
• Fruits and Vegetables
• Meat Processed Products
• Other Applications
End Users Covered:
• Restaurants
• Hotels
• Catering
• Bars
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook