The global food container market size is expected to be worth around US$ 210.9 billion by 2030, according to a new report by Vision Research Reports.
The global food container market size was valued at US$ 150.6 billion in 2020 and is anticipated to grow at a CAGR of 6.2% during forecast period 2021 to 2030.
|Market Size||USD 210.9 billion by 2030|
|Growth Rate||CAGR of 6.2% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Material, Product|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Amcor plc; Silgan Holdings, Inc.; Ardagh Group; Berry Plastics Corp.; Plastipak Holdings, Inc.; Sonoco Products Company; Graham Packaging Company, Inc.; Weener Plastics; Ball Corp.; Tetra Pak|
The global market is predominantly driven by the rapid growth in the food processing industry mainly in the emerging markets. In addition, the rising need to reduce carbon footprints and increasing adoption of bioplastics in the packaging industry are driving the market. Moreover, innovation and new product developments are attracting food manufacturers, which is expected to augment the market growth.
The market growth is expected to be driven by the growing demand for packaged food products across the globe. Moreover, the convenience offered by these containers in packaging, carrying, and transporting food products is another major factor driving the product demand in the global market. Packaged foods primarily include Ready-To-Eat (RTE) meals, RTE convenience foods, frozen meals, cake mixes, snacks, desserts, among others.
By Material Analysis
The plastic segment held the market in 2020 with a revenue share of over 45%. On the basis of material, the market has been divided into plastic, metal, glass, and others. Plastic is the most extensively used material in the packaging market owing to its several advantages over other alternatives. Plastic is lighter than other materials and is incredibly energy efficient to manufacture. Moreover, it is quite inexpensive compared to other materials, such as metals and glass.
According to the American Chemistry Council, just two pounds of plastic resins are required to package 10 gallons of drinks. Whereas, eight pounds of steel, three pounds of aluminum, and approximately forty pounds of glass are required to deliver the same quantity of drink. Various types of plastic resins, such as HDPE, LDPE, PET, PP, and polystyrene, are used to make plastic containers.
By Product Analysis
The bottles & jars product segment held the market in 2020 with a revenue share of over 29%. Bottles and jars are the most widely used products in the rigid food packaging segment. Various types of foods, such as jam, honey, sauces, cheese, mayonnaise, spices, oil, spreads, syrups, processed vegetables/fruits, fish, and meat, are packed in various types of jars and bottles made of glass and plastics.
The cans product segment is estimated to register the highest CAGR of more than 4.5% from 2021 to 2030 due to the rising demand for various canned foods and beverages. The cups and tubs segment is also expected to register a significant CAGR over the forecast period.
By Regional Analysis
Asia Pacific held the global market in 2020 accounting for a revenue share of over 37% and is estimated to be the fastest-growing regional marker from 2021 to 2030. This can be credited to the rapidly growing food processing industry in the region due to strong government support. The countries, such as India, China, and Japan, are the major contributors to the growth of the APAC regional market.
North America is projected to grow at a steady CAGR of 3.05% over the forecast period. This growth can be attributed to the increasing demand for packaged and convenience foods among the working population. Moreover, increasing demand for canned foods, such as canned fish and meat, in the U.S. is accelerating the market growth in the region.
Silgan Holdings, Inc.
Berry Plastics Corp.
Plastipak Holdings, Inc.
Sonoco Products Company
Graham Packaging Company, Inc.
Bottles & Jars
Cups & Tubs
Central & South America
Middle East & Africa
The Food Container market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Food Container market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Food Container market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Container market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Food Container market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Food Container capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Food Container by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Food Container market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Food Container market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Food Container market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Food Container industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Food Container market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Food Container market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Food Container market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Food Container market. These factors have benefited the growth of the global market for Food Container. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Food Container. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Food Container are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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