Global Food Container Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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MarketResearch.biz delivers in-depth insights on the global food container market in its upcoming report titled, “Global Food Container Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global food container market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food container market report has been segmented on the basis of product, application, and region.
Food storage containers are used to hold food at ambient room temperatures especially in refrigerator or freezer. Some food products need to be preserved for longer time period which requires extremely durable, efficient, and protective containers. There are food containers that undergo additional treatments for food preservation purposes. Food containers are available in the form of plastic bag, plastic container, or glass container. Numerous variants of plastics, but edible grade food containers fall under the variant category- polyethylene, polyester and polypropylene. Polyethylene is much more flexible as compared to other variants and also have high-density polyethylene (HDPE) stamped on the exterior of the container.
Major factors driving growth of the target market over the forecast period are innovative development in packaging materials, increasing health awareness regarding food safety and measures, and rising awareness of environmental issues related to usage of plastics in food container manufacturing. In addition, increasing consumption of processed and packaged food, changing consumer lifestyle coupled with busy schedule of working individuals are other factors expected to fuel growth of this market in the near future. Moreover, increasing demand for flexible packaging material in food & beverage industry is expected to support growth of the target market.
However, environmental impact regarding disposal of food storage container is a key factor restraining growth of this market over the forecast period. In addition, food contamination, due to use of cheaper quality materials is another factor expected to hamper growth of the target market in the near future
Ongoing trend observed is the use of folding cartons and paperboard tubs for packaging and longer storage of ice creams and other frozen desserts industry. This trend is expected to continue during the forecast period and is expected to create potential revenue opportunities for players in the global food containers market
The market in Asia Pacific is projected to have fastest growth in terms of revenue over the forecast period followed by Europe, owing to factors such as changing consumer lifestyle, and increasing demand for canned foods in countries in region. China food container market is expected to be a largest food packaging industry, owing to increasing preference for buying packed food for daily cooking. However, improving food & beverage industry in Eastern European countries including Russia and Poland expected to increase consumption of packaged foods industry.
Global food container market segmentation:
Segmentation by product:
- Flexible packaging
- Rigid packaging
Segmentation by application:
- Grain mill products
- Dairy goods
- Fruits & vegetables
- Bakery products
- Meat processed products
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amcor Limited
- WestRock Company
- Bemis Company, Inc.
- BALL CORPORATION
- Associated Packaging Technologies, Inc.
- Berry Global Inc.
- Caraustar Industries, Inc.
- Evergreen Packaging Inc.
- Graham Packaging Company Inc.
- Crown Holdings, Inc.
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