The Europe Food Container Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
The increased demand for packaged food products around the world is likely to drive the market expansion. Additionally, the ease with which these containers can be used to package, carry, and transport food products is a major element boosting product demand in the global market. Ready-to-eat (RTE) meals, RTE convenience foods, frozen dinners, cake mixes, snacks, and desserts are all examples of packaged foods. Manufacturers are likely to increase production capacity in response to higher demand for these items, which will boost the demand for food containers over the forecast period. The market grew slowly in the aftermath of the COVID-19 outbreak in 2020.
Consumers in various emerging countries are buying packaged, processed food at supermarkets, To preserve and maintain the health of the food, consumers highly prefer to use the food containers in the market. Food containers are utilized to hold food at optimal room temperatures mainly in the refrigerator or freezer. In addition to it, some meat food products should be preserved for a long time which needs highly effective, durable, and protective containers. There are many kinds of food containers that have specific features for food preservation uses.
The thriving organic personal care industry of Germany and France would support the packaging activity, hence decreasing the availability of raw material to the food processing sector. In addition to it, strict regulations which are formulated to control deforestation around the world would lower down the accessibility of paper as feedback for the manufacturing of the food containers.
The Germany market dominated the Europe Glass Market by Country in 2020, thereby, achieving a market value of $1510 Million by 2027. The UK market is exhibiting a CAGR of 6.9% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 9.3% during (2021 - 2027).
Based on Product, the market is segmented into Cans, Boxes, Bottles & Jars, Cups & Tubs, and Other Product. Based on Material, the market is segmented into Plastic, Metal, Glass and Other Materials. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Food Container Market Size will Hit $223.2 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amcor PLC, Berry Global Group, Inc., Silgan Holdings, Inc., Plastipak Holdings, Inc., Ball Corporation, Novolex Holdings, Inc., Ardagh Group S.A., Sonoco Products Company, Weener Plastics Group BV, and Tetra Laval International S.A.
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