The Latin America, Middle East and Africa Food Container Market would witness market growth of 7.4% CAGR during the forecast period (2021-2027).
By conserving and keeping food from deterioration, food containers help to extend the shelf life of items. The industry is projected to be influenced by rising consumer awareness about sustainability and environmental issues. In addition to it, manufacturers' increased attention to innovation and attractive packaging of food containers is enticing food manufacturers to provide their products in a variety of novel food packaging, which is projected to boom market growth in the near future.
Food containers provide consumers across the globe a secure method to protect a broader variety of secure and nutritious food from spoilage. People living in the countries like UAE, and South Africa have a higher purchasing power than other countries of this region. Moreover, consumers belong to these countries are involving in hectic lifestyles due to which they don’t have time to cook food. In such a scenario, food containers can decline the product deterioration.
In addition to it, these containers are capable enough to retain the nutritious properties of processing, increase shelf-life, and maintain or enhance the quality & safety of food. Therefore, food containers are increasingly becoming a necessity for consumers who want to take their food on a long journey without compromising on its quality. Therefore, these factors are likely to create lucrative growth opportunities for companies operating in the regional food container market during the forecast period.
The Bottles & Jars market dominated the South Africa Food Container Market by Product in 2020, thereby, achieving a market value of $979.5 Million by 2027. The Boxes market is expected to witness a CAGR of 8.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Food Container Market is Predict to reach $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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