A food container is a container that is used to store, preserve, and transport food in order to extend food's shelf life and make food easier to handle. Increased awareness of sustainability issues and environmental challenges such as pollution, related to food packaging is driving the growth of food container market.
This will also ensure that consumers receive high-quality food. Changing lifestyles of consumer is another factor driving the demand for ready-to-eat packaged goods which eventually increased demand for food container globally.
Market Dynamics
As the world continues to fight the effects of climate change, consumers are changing their values to encourage more sustainable and environmentally friendly consumption habits. As a result, major businesses across the globe aim to shift their packaging materials to meet the needs of the customers. Furthermore, Generation Z is willing to pay more for environmentally sustainable products which is another factor that is expected to boost the growth of the global food container market over the forecast period.
Key market players are focusing on product launches, product expansions, mergers, acquisitions, and partnerships in order to expand their business in the market. For instance, in August 2021, Amcor plc (a company engaged in the production of packaging solutions) announced its plans to build two new state-of-the-art innovation centers. The new centers expand the global reach of Amcor's innovation network, which currently includes flagship sites such as Neenah, Wisconsin and Manchester, Michigan, in the U.S., as well as smaller sites around the world.
Food contamination due to the use of cheaper quality materials and environmental impact of the disposal of food storage containers are some of the factor expected to hamper the growth of the target market during the forecast period. For instance, 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.
Key features of the study:
This report provides an in-depth analysis of the global food container market, market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global food container market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Amcor plc, Anchor Glass Container Corporation, Ball Corporation, Berry Global Inc., Crown Holdings, Inc., Graham Packaging Company, Graphic Packaging International LLC, Graphic Packaging International LLC, Plastipak Holdings, Inc. and Printpack
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
The global food container market report caters to various stakeholders in this industry including investors, suppliers, caffeine manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food container market
Key Topics Covered:
1. Research Objectives and Assumptions
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product
Market Snippet, By Material
Market Snippet, By Region
Publisher Opportunity Map
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions
4. Global Food Container Market - Impact of Coronavirus (Covid-19) Pandemic
Overview
Factors Affecting Global Food Container Market- COVID-19
Impact Analysis
5. Global Food Container Market, By Product, 2017 - 2030 (US$ Bn)
Introduction
Market Share Analysis, 2022, 2025, and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
Bottles & Jars
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
Cans
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
Cups & Tubs
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
Boxes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
6. Global Food Container Market, By Material, 2017 - 2030 (US$ Bn)
Introduction
Market Share Analysis, 2022, 2025, and 2030 (%)
Y-o-Y Growth Analysis, 2017 - 2030
Segment Trends
Plastic
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
Glass
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
Metal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Bn)
7. Global Food Container Market, By Region, 2017 - 2030 (US$ Bn)
