NEW YORK, Sept. 7, 2023 /PRNewswire/ -- The food container market size is expected to grow by USD 62.97 billion from 2022 to 2027. In addition, the growth momentum of the market will be progressing at a CAGR of 4.3% during the forecast period, according to Technavio. Increasing demand for convenience is notably driving the food container market. However, factors such as Health and environmental safety issues associated with plastic food containers may impede market growth. The market is segmented by product (Bottles and jars, Cans, Cups and tubs, Boxes, and Others), material (Plastic, Metal, Glass, and Others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.
The increasing demand for convenience is notably driving the market growth. The global food container market is being significantly influenced by the surging demand for convenience. This demand is primarily propelled by the fast-paced modern lifestyles of consumers who increasingly prioritize hassle-free food choices, requiring minimal preparation and adaptability for on-the-go consumption. Food containers play a pivotal role in this landscape by offering an efficient means of packaging and storing various food items. This empowers consumers to enjoy their meals at their convenience, regardless of location or time. Furthermore, these containers grant immediate access to sustenance, bypassing the need for lengthy meal preparation or dining out. This convenience extends to an array of products, ranging from pre-packaged salads to microwaveable meals and portable snacks. As a result, these advantages are poised to be a driving force behind the growth of the market throughout the forecast period.
Food Container Market 2023-2027: Company Analysis
We provide a detailed analysis of 20 companies operating in the food container market including Anchor Glass Container Corp., Ardagh Group SA, Ball Corp., Gordon Food Service Inc., Graham Packaging Co. LP, Graphic Packaging Holding Co., Newell Brands Inc., Pactiv Evergreen Inc., Reem Packaging Inc., Plastipak Holdings Inc., PMMI Media Group, Printpack Inc., S.C. Johnson and Son Inc., Tupperware Brands Corp., Viking Packaging, World Kitchen, Amcor Plc, Berry Global Inc., Sonoco Products Co., and The Clorox Co.
- Anchor Glass Container Corp. - The company offers food containers such as heatready, lifespan, and gosmart. This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information
Food Container Market 2023-2027: Segmentation
Product
- The bottles and jars segment is estimated to witness significant growth during the forecast period. Glass bottles are a widely preferred choice for packaging sauces, condiments, juices, and beverages due to their non-reactive properties that effectively maintain the liquid's quality and taste. Similarly, HDPE bottles are gaining popularity for containing cooking oils, milk, and personal care items, attributed to their chemical resistance and durability. Complementing these, glass jars are favored for their graceful aesthetics and capacity to showcase products, making them ideal for preserving jams, pickles, spreads, honey, and other food items. These dynamics are anticipated to propel the growth of this packaging segment, consequently stimulating overall market expansion in the forecast period.
Geography
- APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View FREE PDF Sample Report
Challenge- Health and environmental safety issues associated with plastic food containers are hindering market growth.
Food Container Market 2023-2027: Key Highlights
- Historic Market Size 2017-2021
- CAGR of the market during 2023-2027
- Detailed information on factors that will assist food container market growth during the next five years
- Estimation of the food container market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the food container market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of food container market companies
Related Reports:
The Global Food Packaging Market size is estimated to grow by USD 79.41 billion between 2022 and 2027 accelerating at a CAGR of 4.32%.
The food storage container market size is estimated to grow at a CAGR of 3.36% between 2022 and 2027. The market size is forecast to increase by USD 12.93 billion.
Food Container Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market growth 2023-2027 |
USD 62.97 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.22 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, South Korea, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anchor Glass Container Corp., Ardagh Group SA, Ball Corp., Gordon Food Service Inc., Graham Packaging Co. LP, Graphic Packaging Holding Co., Newell Brands Inc., Pactiv Evergreen Inc., Reem Packaging Inc., Plastipak Holdings Inc., PMMI Media Group, Printpack Inc., S.C. Johnson and Son Inc., Tupperware Brands Corp., Viking Packaging, World Kitchen, Amcor Plc, Berry Global Inc., Sonoco Products Co., and The Clorox Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Material
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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