Food Container Market Regional Analysis

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.