Food Containers Market Strategies and Forecast by 2031
The food containers market size is projected to reach US$ 220.15 billion by 2031 from US$ 151.83 billion in 2023. The market is expected to register a CAGR of 4.6% during 2023–2031. Rising demand for eco-friendly containers is likely to remain a key trend in the food containers market.
Food Containers Market Analysis
The food container market analysis revealed a considerable shift of consumers toward convenience packaging to meet the demand for sustainability, resealability, microwave compatibility, and portability. With an increasing demand for grab-and-go meals and ready-to-eat options, food containers are gaining prominence due to the convenience they offer. Simultaneously, the adoption of sustainable packaging materials and practices has skyrocketed to avoid landfills and meet regulatory mandates. Therefore, biodegradable, compostable, and recyclable materials are witnessing growing acceptance as consumers prefer eco-friendly options. Moreover, active and intelligent packaging systems promote shelf-life extension, food safety assurance, and interactive consumer experiences. The need for robust, leak-proof containers that can be conveniently used for transportation and storage is accelerated due to the surge in e-commerce and food delivery services.
Food Containers Market Overview
The growing desire for convenience and consumption on the go has inspired many players in the food container market to manufacture biodegradable and eco-friendly packaging options. These containers are spillproof and can preserve food items for a longer duration. These benefits aid in the hassle-free transportation of food items. Food containers made of plastic, glass, metal, and paper-based options are available in the market to cater to diverse consumer preferences and needs
Strategic Insights
Food Containers Market Drivers and Opportunities
Increasing Demand in Convenience Foods
Consumer reliance on convenience foods has drastically increased due to hectic schedules. Sustainable packaging options are subsequently gaining traction to meet the convenience requirement for handling food items. Therefore, the need for food containers that offer convenient packaging solutions for ready-to-eat meals, snacks, and on-the-go food items has soared, thereby driving the market growth.
Rising Awareness of Food Safety and Hygiene
As spillproof food containers have tamper-evident seals to assure product security and authenticity, the integrity and freshness of packaged food products are unaltered. Apart from preventing spills and contamination during storage and transportation, leak-proof food containers offer additional convenience of reheating, as they are tolerant to high temperatures, making them microwave-safe. Thus, the aforementioned advantages play a crucial role in driving the food containers market expansion.
Food Containers Market Report Segmentation Analysis
Key segments that contributed to the derivation of the food containers market analysis are material and application.
- Based on material, the food containers market is segmented into plastic, metal, glass, and others. The plastic sub-segment held the largest market share in 2023.
- Based on application, the food containers market is segmented into fruits and vegetables; dairy products; snacks; bakery and confectionery; meat, poultry, and seafood; and others. The dairy products sub-segment held the largest market share in 2023.
Food Containers Market Share Analysis by Geography
The geographic scope of the food containers market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The Asia Pacific food containers market is growing prominently owing to the rising population and booming food & beverage industry. As the region's population is rising, more demand is created for food products, which further anticipates demand for food containers. According to India's Ministry of Food Processing Industry, India has 24 mega food parks. The Scheme of Mega Food Park strives to deliver management to link agricultural production to the food processing market by bringing together farmers, food processors, and retailers to maximize value addition, reduce wastage, increase farmers' income, and create employment opportunities, particularly in the rural sector. The Mega Food Park concept is based on the "Cluster" approach. It envisages the creation of state-of-the-art support infrastructure in a well-defined agriculture and horticultural area for setting up modern food processing plants in the industrial area provided in the park with a well-established supply chain.
Food Containers Market Report Scope
Food Containers Market News and Recent Developments
The food containers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the food containers market are listed below:
- Plastipak Holdings Incorporated invested at its Toledo, Spain plant, striving to convert PET flakes into food-grade recycled pellets. In this investment, pellets are considered for direct use in new food containers, aiming to manufacture 20,000 tons of food-grade pellets annually. (Source: Plastipak Holdings, News, 2021)
- Berry Global Inc.'s Superfos unit disclosed a new sustainable CombiLight packaging pot solution for food processors. This modern and advanced resource-efficient food packaging solution would reduce plastic content by 60%. (Source: Berry Global, News, 2021)
Food Containers Market Report Coverage and Deliverables
The “Food Containers Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Food containers market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Food containers market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Food containers market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the food containers market
- Detailed company profiles
Food Containers Market Report Analysis
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CAGR (2023 - 2031)4.6% -
Market Size 2023
US$ 151.83 billion -
Market Size 2031
US$ 220.15 billion
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Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Anchor Glass Container Corporation
- Ardagh
- Evergreen Packaging
- Silgan
- Constar International Incorporated
- Graham Packaging
Regional Overview
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- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
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- Plastic
- Metal
- Glass
- Others
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- Fruits and Vegetables; Dairy Products; Snacks; Bakery and Confectionery; Meat
- Poultry
- Seafood; and Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Food Containers Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 151.83 billion |
Market Size by 2031 | US$ 220.15 billion |
Global CAGR (2023 - 2031) | 4.6% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Material
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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