Food Containers Market Size Report | Trend and Forecast to 2030

The Food Containers Market is expected to grow from US$ 146 billion in 2022 to US$ 209 billion by 2030; it is expected to record a CAGR of 4.5% from 2022 to 2030. 

Market Insights and Analyst View:

The global food container market growth is expected to be driven by the rising demand for packaged food and snack products across the globe. The convenience offered in packaging, carrying, and transporting food & beverage products by food containers made from plastic, metal, and glass is another major factor driving the product demand in the global food & beverage industry. The food container plays an essential role in packaging packaged food and snacks, mainly including RTE meals, frozen meals, snacks, bakery and confectionery products, and desserts.

The proliferating demand for these food products is expected to push manufacturers to improve production capacities, which, in turn, will surge the demand for food containers in upcoming years. Additionally, market players such as Anchor Glass Container Corporation, Ardagh, Evergreen Packaging, Silgan, Constar International Incorporated, Graham Packaging, Berry Plastics, Plastipak Holdings Incorporated, Sonoco Products Company, and Amcor Plc operate actively worldwide with their extensive offerings in food containers further drive the food container market growth.

Growth Drivers and Challenges:

A growing food and beverage industry worldwide and rising consumption of food & beverages among the world population fueled the demand for food containers widely applicable in different end-use segments such as bakery and confectionery, snacks, meat, poultry, and seafood. Food containers in the food & beverage industry are primarily used for product preservation, storage, and handy transportation to boost the food products' shelf life. Food containers manufactured by the players are often sturdy enough to prevent spoilage and damage to the packaged products. Food containers come in various materials, such as plastic, metal, glass, and paperboard, and are used for various pursuits. Food containers preserve food quality by letting it travel safely extended distances from its source. The food container market is anticipated to be influenced by advancing consumer awareness of environmental and sustainability problems related to food packaging. Over the past few years, the growth of packaged food as one of the most profitable sectors of the global food and beverage industry has fueled large-scale advancements across the food container market. The market's ever-expanding types of available product categories, such as bottles & jars, cans, paperboards, boxes, cups & tubs, and their ever-expanding range of applications, provide considerable growth potential for businesses in the industry.

The massive growth in global food production among the world population is anticipated to fuel demand for food containers worldwide. The world population demands easy packaging that is comfortable to carry and store, enabling direct food consumption. This factor provides plenty of opportunity for food container manufacturers to stay up with evolving consumer tastes. Moreover, the rising number of working women around the globe resulted in an increased number of families consuming packaged food products, and the enormous increase in double-income families contributed to the global food container market growth in upcoming years. The rising population in metropolitan areas, increasing urbanization, and the increasing number of single-person households coupled with the rising disposable income likely fuel the demand for various food categories, further driving food container demand across the globe.

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Food Containers Market: Strategic Insights

Food Containers Market

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  CAGR (2023 - 2031)

  4.50%
• Market Size 2023
  US$ 152.57 Billion
• Market Size 2031
  US$ 216.97 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Anchor Glass Container Corporation
• Ardagh
• Evergreen Packaging
• Silgan
• Constar International Incorporated
• Graham Packaging
• Berry Plastics
• Plastipak Holdings Incorporated
• Sonoco Products Company
• Amcor Plc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Material

• Plastic
• Metal
• Glass
• Others

by Application

• Fruits and Vegetables; Dairy Products; Snacks; Bakery and Confectionery; Meat
• Poultry
• Seafood; and Others

Geography

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Report Segmentation and Scope:

The "Global Food Containers Market" is segmented based on material, application, and geography. The food containers market is segmented into plastic, metal, glass, and others based on the material. Based on the application, the global food container market is segmented into fruits and vegetables, dairy products, snacks, bakery and confectionery, meat, poultry, and seafood. The global food containers market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Chile, and the Rest of South & Central America).

Segmental Analysis:

The food container market is segmented into plastic, glass, metal, and others based on the material. The plastic segment is significant in the global food containers market growth. Plastic is the most widely used material in the food & beverage packaging industry because of its several benefits over other alternatives. Plastic is lighter and is exceptionally energy-efficient in the manufacture of food containers. Plastic is affordable compared to other materials, such as metals and glass. 2 pounds of plastic resins are sufficient to package 10 gallons of drinks, according to the American Chemistry Council (ACC). At the same time, 8 pounds of steel, 3 pounds of aluminum, and approximately 40 pounds of glass are needed to produce the same quantity of drink. Different plastic resins, such as HDPE, LDPE, PP, PET, and polystyrene, are widely used in plastic containers to manufacture plastic-based food containers. Furthermore, the rising environmental concerns among the global population encourage manufacturers to produce plastic-based food containers from recycled and sustainable materials, which further augmented the food containers market growth in the plastic segment. Hence, all the above-mentioned factors propel the global food containers market growth.

Regional Analysis: 

Based on geography, the food containers market is segmented into five key regions—North America, Europe, Asia Pacific, the 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.

The major players in the Indian food market are Kraft Heinz Company, Danone SA, Nestle SA, McCain, and Mars, Incorporated, among others. India shipped approximately 1,290 kilotons of seafood worth US$ 6.68 billion between 2019 and 2020. Hence, government initiatives in the food processing industry and the rising export of food products further drive the food container market growth in Asia Pacific.

Industry Developments and Future Opportunities:

Various initiatives taken by the key players operating in the food container market are listed below:

1. In 2021, 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.
2. In 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%.
3. In 2021, Silgan acquired Easytech Closures S.p.A. Silgan company manufactures and offers easy-open and sanitary metal ends in metal containers, particularly for the food industry.

COVID-19 Impact: 

Moreover, the COVID-19 pandemic lockdowns were implemented across the globe and drastically affected socio-economic-cultural requirements. Actions by the Directorate General of Disease Prevention and Control focused on handling crowd size and movement during the working time of economic and public facilities. They restricted nonessential activities such as manufacturing unit operations. Economic disruption, regardless, still ensues due to restrictions on public movement and economic movements that helped mitigate the spread of the COVID-19 pandemic. At the global level, the COVID-19 pandemic has diminished revenue, caused layoffs, and limited commercial operations concerning all levels of business, including food container product manufacturing, transportation, and supply of raw materials such as plastic, glass, paperboards, and metal.  

Further, the COVID-19 pandemic affected economies and industries in various countries. Travel bans, lockdowns, and business shutdowns in leading countries in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) negatively affected the growth of various industries, including the bakery and confectionery, frozen desserts, snacks, and meat, poultry, and seafood. The shutdown of manufacturing units disturbed global food & beverage supply chains, delivery schedules, manufacturing activities, and sales of various essential and nonessential products, including glass, metal, and plastic materials and products. Various manufacturing units announced possible delays in product deliveries and a slump in upcoming sales of their products in 2020. In addition, the bans imposed by various governments in Europe, Asia, and North America on international travel forced the companies to put their collaboration and partnership plans on a temporary hold. All these factors hampered the food and beverage industry in 2020 and early 2021, restraining the food containers market growth.

Competitive Landscape and Key Companies:

Anchor Glass Container Corporation, Ardagh, Evergreen Packaging, Silgan, Constar International Incorporated, Graham Packaging, Berry Plastics, Plastipak Holdings Incorporated, Sonoco Products Company, and Amcor Plc. are among the prominent players operating in the global food containers market. These food container manufacturers offer a modern and hi-tech variety of products with innovative features to deliver a superior experience to the end users in the food & beverage industry.

Food Containers Market Report Scope