Global Food Containers market size 2024, Forecast To 2033
31 Jan, 2024
The food containers market has exhibited robust growth, surging from $275.51 billion in 2023 to $300.63 billion in 2024, with a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period is attributed to factors such as food preservation and shelf life, the prevalence of convenience and on-the-go lifestyles, urbanization, population growth, adherence to food safety regulations, and increasing sustainability concerns. Projecting substantial growth in the next few years, the market size is expected to reach $435.82 billion in 2028, driven by a consistent CAGR of 9.7%. Growth in the forecast period is associated with customization and branding, heightened health and safety concerns, the rise of online food delivery and meal kits, and evolving regulatory changes and packaging standards. Major trends in the forecast period include innovations in material science, meal prep, and portion control, alternatives to single-use plastics, smart packaging, and the adoption of eco-friendly packaging.
Global Food Containers Market Key Driver
The food authenticity market is expected to grow due to the rising cases of food fraud. Food fraud, driven by economic motives, poses significant challenges to food protection. Authentically verifying food and ingredients has become essential, as seen in the annual operation against food fraud coordinated by Interpol and Europol. From December 2020 to June 2021, 15,451 tonnes of unlawful items worth $55 million were seized across 72 countries, reflecting the severity of the issue. Therefore, the escalating cases of food fraud are instrumental in driving the growth of the food authenticity market.
Get A Free Sample Of The Global Food Containers Market ReportGlobal Food Containers Market Segments
The global food containers market covered in this report is segmented –
1) By Product: Bottles and Jars, Cans, Cups and Tubs, Boxes
2) By Material: Plastic, Metal, Glass
3) By Application: Meat Products, Dairy Products, Bakery Products, Fruits and Vegetables
By Geography: The regions covered in the Food Containers market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the food containers market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the food containers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Food Containers Industry Players
Amcor plc, Plastipak Holdings Inc., Sonoco Products Company, Graham Packaging Company Inc., Ball Corporation, Printpack Incorporated, Ardagh Group, Tetra Laval International S.A., Bemis Company Inc., Graphic Packaging International LLC, Anchor Glass Container Corporation, Caraustar Industries Incorporated, Evergreen Packaging, Anchor Packaging Inc., Berry Global Group Inc., Cambro Manufacturing Company, CKS Packaging Inc., Crown Holdings Inc., Dart Container Corporation, D&W Fine Pack LLC, Eco-Products Inc., Fabri-Kal Corporation, Genpak LLC, Georgia-Pacific LLC, Huhtamäki Oyj, Inline Plastics Corporation, International Paper Company, Libbey Inc., Menasha Packaging Company LLC, Novolex Holdings LLC, Pactiv LLC, Placon Corporation, Polytainers Inc., Reynolds Group Holdings Limited, Sabert Corporation
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Food Containers Market Overview
A food container is a box made of metal, plastic, or wood that is used for storing and transporting food from one location to another, as well as to protect food items from damage or microbial contamination in order to extend the shelf life of food items. The container is used as a bag, plastic container, or glass container.
Food Containers Global Market Report 2023 provides data on the global food containers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The food containers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.