Global Food Container Market

Food Container Market Size, Share, Growth Analysis, By Material(Paperboard, Metal, Glass, Plastic), By Product(Bottles, jars, cans, Cups), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15F2121 | Region: Global | Published Date: July, 2001
Pages: 224 | Tables: 69 | Figures: 75

Food Container Market News

  • 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.
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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).

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', 'Berry 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'

Due to the market's exceptional qualities, such as airtight containers that keep the product free from moisture and prevent food spoiling, the 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 food container industry over the next few years.

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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Global Food Container Market

Product ID: SQMIG15F2121