What is the global market size of Food Container Market?

Food Container Market size was valued at USD 148.75 billion in 2021 and is poised to grow from USD 155.3 billion in 2022 to USD 228.8 billion by 2030, growing at a CAGR of 4.4% in the forecast period (2023-2030).

Food Container Market Size, Share, Growth Analysis, By Packaging (Flexible Packaging, Rigid Packaging), By Material (Paperboard, Metal), By Application (Grain Mill Products, Dairy Goods), By Region -Industry Forecast 2024-2031.

Report ID: SQMIG15F2121 | Region: Global | Published Date: December, 2024
Pages: 224 | Tables: 69 | Figures: 75

Food Container Market Insights

Global Food Container Market size was valued at USD 293.20 billion in 2022 and is poised to grow from USD 306.69 billion in 2023 to USD 439.49 billion by 2031, growing at a CAGR of 4.60% during the forecast period (2024-2031).

Food is preserved at a normal temperature using food storage containers, particularly in the refrigerator and freezer. Some food goods must be preserved for longer periods of time, necessitating the employment of incredibly strong, effective, and safe containers. Some food containers go through extra steps in order to preserve the food. Food can be stored in plastic bags, plastic containers, and glass containers, all of which are formed of substances like botulinum toxin, perfluorooctanoic acid, and perfluorooctane sulfonate.

There are many various kinds of plastics, but polyethylene, polyester, and polypropylene are used to make food containers that are edible. High-density polyethylene (HDPE) is engraved on the exterior of the container and is significantly more flexible than other materials.

US Food Container Market is poised to grow at a sustainable CAGR for the next forecast year.

Food Container Market Report Snapshots

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By focusing on digitalizing operations and adjusting to new technologies in robotic automation and artificial intelligence, market players in the plastic food container business are aligning their operating model to the new standard. During the forecast period, top businesses in the plastic food container market will continue to focus on mergers and acquisitions as a means of acquiring new technologies, bolstering portfolios, and leveraging skills. The primary growth driver for the plastic food container market in the short to medium term will be investing in R&D and technology to develop product lines despite the challenging market conditions. 'Amcor plc', 'Silgan Holdings, Inc.', 'Ardagh Group', 'Berry Plastics Corp.', 'Plastipak Holdings, Inc.', 'Sonoco Products Company', 'Weener Plastics', 'Ball Corp.', 'Tetra Pak', 'Crown Holdings, Inc.', 'Owens-Illinois, Inc.', 'Sealed Air Corporation', 'Huhtamaki Oyj', 'WestRock Company', 'Coveris Holdings S.A.', 'Stora Enso Oyj', 'Bemis Company, Inc.', 'Alpla Inc.', 'Toyo Seikan Group', 'Essel Propack Limited'

Due to the market's exceptional qualities, such as airtight containers that keep the product free from moisture and prevent food spoiling, the global market for food containers is expanding significantly. Another feature of the market is that it will offer stylish, practical, leak-proof packaging for carrying food and beverages. Furthermore, laws governing greenhouse gas emissions for packaged foods and drinks, which drive the market, were passed by the governments of several rising nations.

For many consumers, the ease of transporting, packaging, and consuming that these containers offer has taken on significant importance. As a result, producers need to adapt to how their customers' lifestyles are evolving. Changes in working people's lifestyles and busy schedules are expected to have a favourable effect on industry growth over the forecast period. In addition, it is anticipated that growing demand for packaged and processed foods will fuel the global food container industry over the next few years.

Global food container market was dominated by North America in 2021, with 35.5 % of the market's overall revenue. 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, urbanization, and rising demand in packaged goods. Furthermore, rising demand for canned foods in the U. S., such as tinned fish and meat, is propelling market expansion in the region. The U.S. was the top revenue provider in North America, thanks to the robust growth of the food and beverage industry, which is one of the main drivers of the regional market. Regulations requiring recycling and material sustainability in order to preserve environmental balance are driving demand for bio plastic packaging. As per USDA, the food retailing segment grew by around 7% during 2019-2020. Further, industry expects a growth owing to peculiar COVID surges.

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Food Container Market Size, Share, Growth Analysis, By Packaging (Flexible Packaging, Rigid Packaging), By Material (Paperboard, Metal), By Application (Grain Mill Products, Dairy Goods), By Region -Industry Forecast 2024-2031.

Food Container Market Insights

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