The Global Food Container Market size is expected to reach $223.2 billion by 2027, rising at a market growth of 6.6% CAGR during the forecast period. With the help of food storage containers, the safety and quality of the food can be kept intact. Food Storage for the Home Containers enhances the shelf life of food, which is determined by the type of food, packing, and storage conditions, including temperature and humidity. There is now a large variety of food packaging and containers prepared from various materials available.
Food storage containers are necessary for a variety of reasons. Any industrial kitchen requires food storage containers. They come in a wide range of colors and materials, as well as sizes in round, square, and rectangular designs. In wealthy countries, the household food storage container category has a long-established business.
The convenience that these containers provide in terms of carrying, packaging, and consumption have become quite significant to many consumers. As a result, manufacturers must consider various aspects such as the changing lifestyles of their customers. Shifting lifestyles patterns combined with hectic schedules among working people are expected to positively impact industry growth during the forecast period. Flexible bags, sacks, paperboard, stiff plastic containers, metal containers, and glass bottles are all used as food containers.
The global pandemic condition of COVID 19 has harmed people's life. Everyone has experienced and is still facing some minor or severe financial problems and health issues. This pandemic has caused severe disruption in the world's economy. COVID 19 has disrupted normal company’s operations due to the closure of production units. Although, it had little impact on the food container market due to increased awareness of the need for hygiene in food factories and packaged sectors, as well as increased government actions.
Moreover, COVID-19 pandemic has created the awareness about consuming healthy food products. Food containers help in preserving the food products and maintaining the quality intact. Due to the pandemic, individuals realized the importance of consuming healthy foods. Food containers play a crucial role in the lives of people to consume fresh and nutritious foods. Hence, the outbreak of the COVID-19 pandemic has a slightly positive impact on food container market.
Based on Product, the market is segmented into Cans, Boxes, Bottles & Jars, Cups & Tubs, and Other Product. By acquiring maximum revenue share of the market, the bottles & jars product segment emerged as the dominating segment in the global market. In the rigid food packaging segment, bottles and jars are the most extensively used goods. Jam, honey, sauces, cheese, mayonnaise, spices, oil, spreads, syrups, processed vegetables/fruits, fish, and meat are all packaged in different types of glass and plastic jars and bottles.
Based on Material, the market is segmented into Plastic, Metal, Glass and Other Materials. According to the American Chemistry Council, packaging 10 gallons of drinks requires only two pounds of plastic resins. To supply the same amount of drink, eight pounds of steel, three pounds of aluminum, and nearly forty pounds of glass are required. Plastic containers are made from a variety of plastic resins, including HDPE, LDPE, PET, PP, and polystyrene.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 134.7 Billion |
| Market size forecast in 2027 | USD 223.2 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 6.6% from 2021 to 2027 |
| Number of Pages | 178 |
| Number of Tables | 292 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Material, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America would exhibit a stable growth rate. The rise in demand for packaged and convenient foods among the working population is associated with this growth. Additionally, the rising demand for canned foods in the United States, such as tinned fish and meat, is propelling market expansion in the region.
Free Valuable Insights: Global Food Container Market size to reach USD 223.2 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Amcor PLC, Silgan Holdings, Inc., and Berry Global Group, Inc. are the forerunners in the Food Container Market. Companies such as Altium Packaging LLC, Novolex Holdings, Inc. are some of the key innovators in the market.
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.
By Product
By Material
By Geography
The global food container market size is expected to reach $223.2 billion by 2027.
Various advantages of food container are driving the market in coming years, however, difficulties in innovating new products have limited the growth of the market.
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.
Yes, COVID 19 has disrupted normal company’s operations due to the closure of production units. Although, it had little impact on the food container market
The plastic segment acquired the maximum revenue share of the food container market. As it offers numerous advantages over other materials, plastic is the most widely used material in the packaging industry.
The cans product segment would be the fastest growing segment during the forecast period. This is credited to the increasing demand for different kinds of canned foods and beverages.
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