Product ID: SQMIG15F2121
Global Food Container Market Size, Share, Growth Analysis, By Material(Paperboard, Metal), By Product(Bottles, jars) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2121 |
Region:
Global |
Published Date: February, 2024
Pages:
224
|
Tables:
69 |
Figures:
75
Global Food Container Market Insights
Food Container Market size was valued at USD 148.75 billion in 2019 and is poised to grow from USD 155.3 billion in 2023 to USD 228.8 billion by 2031, growing at a CAGR of 4.4% in 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.
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Global Food Container Market Segmental Analysis
Global food container market is segmented based on the material, product, and region. Based on the material, the global food container market is segmented as paperboard, metal, glass, plastic and others. Based on product, the global food container market is segmented as bottles and jars, cans, cups and tubs, boxes and others. Based on region, Food Container Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Food Container Market Analysis by Material
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. With a sales share of more than 46% in 2020, the plastic segment was the market leader. The market has been segmented into plastic, metal, glass, and other materials.
Due to its many benefits over competing materials, plastic is the material most frequently used in packaging. Compared to other materials, plastic is lighter and produces with a lot less energy. In addition, it is quite cheap when compared to other materials like glass and metals.
According to the American Chemistry Council, just two pounds of plastic resin are needed to package 10 gallons of liquid. In contrast, to deliver the same amount of liquid, eight pounds of steel, three pounds of aluminium, and almost forty pounds of glass are needed. Plastic containers are created using a variety of plastic resins, including HDPE, LDPE, PET, PP, and polystyrene.
Food Container Market Analysis by Product
Global food container market has been segmented on the basis of product as bottles and jars, cans, cups and tubs, boxes, and others. In 2020, the food containers market was led by the bottles and jars segment. The most often used goods in the market for rigid food packaging are bottles and jars. On the other hand, it is anticipated that the cups and tubs category will expand quickly during the projected period. This is because of its unique applicability, which primarily pertains to thick food products. Additionally, it lengthens the food product shelf lives.
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Global Food Container Market Regional Insights
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.
Also, with a revenue share of over 36% in 2020, Asia Pacific dominated the global market and is predicted to grow at the highest rate from 2021 to 2028. This can be attributed to the region's fast expanding food processing sector, which has received substantial government assistance. India, China, and Japan are among the nations that contribute most to the growth of the region.
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Global Food Container Market Dynamics
Food Container Market Driver
- 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.
- The rising demand for packaged food products around the world is anticipated to fuel market expansion. Another important aspect influencing the demand for this product in the global market is the convenience that these containers provide in terms of packaging, carrying, and transporting food products.
Food Container Market Restraint
- The global food container market is expanding at an alarming rate, but certain factors are restricting 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.
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Global Food Container Market Competitive Landscape
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.
Top Players in the Global Food Container Market
- Amcor plc
- Berry Global Inc.
- Crown Holdings Inc.
- Silgan Holdings Inc.
- Ball Corporation
- Sealed Air Corporation
- Huhtamaki Oyj
- Graphic Packaging International, LLC
- Sonoco Products Company
- Smurfit Kappa Group plc
- Bemis Company, Inc.
- Printpack, Inc.
- Winpak Ltd.
- Coveris Holdings S.A.
- DS Smith plc
- Pactiv LLC
- Genpak, LLC
- Placon Corporation
- Reynolds Consumer Products LLC
- Sabert Corporation
Food Container Market Recent Developments
- In April 2022, Mondi, a global leader in packaging and paper, is highlighting the need for innovative packaging solutions in the fresh food industry by introducing two new recyclable packaging products - a paper-based tray and a semi-rigid plastic tray - at Anuga FoodTec.
- In May 2022, Frimesa and SIG announced the launch of the first combi style carton packaging in the Americas during the APAS Show 2022, the largest food and beverage trade fair in the Americas.
Global Food Container Key Market Trends
- 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.
- The plastic food container market is anticipated to experience the quickest rate of growth due to the convenience and affordability it offers over conventional materials like glass, metal, and paper board. Because of the many advantages they offer, bags and pouches are common containers. attractiveness, preservation of freshness, practicality, and product
- By far, bags and pouches will remain the most common type of package. Bags and pouches that are compact, lightweight, and useful are perfect. Global demand for chilled and processed foods, prepared meals, snacks, grain mill and bakery products, and other goods in flexible packaging will increase.
- With the fastest potential global expansion, plastic-based packaging will continue to supplant metal and glass containers for numerous food items. Due to the continued growth of pre-packaged cooking ingredients and quick-prepared meals, plastics are preferred over less portable types (e.g., cooking fats and oils, packaged spices, seeds and nuts, and single-serve noodles and rice).
Global Food Container Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global food container market analysis, the new trend in the market for plastic food containers is to customize products to meet the needs of a particular application rather than improving the product's features as a whole. To generate possibilities in the plastic food container market throughout the projected period, businesses should integrate digitally connected operations and concentrate on operational efficiency, diversifying supplier sources, and cost control. Understanding and assessing the plastic food container market landscape is complicated by the uneven recovery in various end markets and regions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 148.75 billion |
| Market size value in 2031 | USD 228.8 billion |
| Growth Rate | 4.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Food Container Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Food Container Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Food Container Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Food Container Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Food Container Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Food Container Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Food Container Market Report Snapshots
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