Market Synopsis
According to Market Research Future (MRFR)’s analysis, the global food container market is set to strike a steady CAGR over the forecast period. The changes in food pattern of the population in conjunction with changing lifestyle has led to an upsurge in demand for packaged food. This, in turn, is anticipated to catapult the food container market on an upward trajectory.
The consumers are increasingly getting aware of the environmental threats posed by plastics and other such packaging materials. This, in turn, is likely to motivate innovation in the food container market for the development of eco-friendly materials. It is projected to boost the growth pattern of the market in the foreseeable future.
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The growth of the dairy industry is one of the major factors responsible for the expansion of the food container market. It has been prognosticated to exhibit a similar trend in the years to come. These containers also form a crucial part of the marketing strategies of the leaders of the end-users. Thus, it is poised to remain highly attractive across the review period. However, the changes in consumer preferences are set to pose a challenge to market growth in the foreseeable future.
Competitive Tracking
The key players of the global food container market profiled in this MRFR report are
- Bemis Company Inc. (US)
- Crown (US)
- Berry Plastics Corporation (US)
- Graham Packaging Company (US)
- Ball Corporation (US)
- Constar International UK Ltd. (UK)
- Graphic Packaging International LLC (US)
- Anchor Glass Container Corporation (US)
- PRINTPACK (US), and Plastipak Holdings, Inc. (US).
Industry News
In March 2019, Maryland, the U.S., has banned the use of Styrofoam food containers.
In March 2019, Nestlé, a Swiss multinational food and drink company, has announced the launch of Nesquik All Natural powder in a recyclable pouch made of paper.
In January 2019, Loop, a leader of the sustainable plastic revolution, has compelled the world’s biggest brands to begin testing of reusable packaging on a subscription basis.
Market Segmentation
By type, the global Food Container Market has been segmented into rigid packaging and flexible packaging. The rigid packaging segment is poised to signify tremendous demand generation in the foreseeable future owing to the convenient handling of food products.
By material, the food container market has been segmented into plastic, paper & paper boards, metal, glass, and others. The plastic segment is expected to witness the highest consumption over the assessment period. Additionally, the glass segment is prognosticated to grow substantially in the upcoming years.
By product, the global food container market has been segmented into bags, pouches, containers, and others. The bags segment and the pouches segment are likely to dictate the growth pattern of the market due to portability, lightweight, and convenience offered.
By application, the food container market has been segmented into fruits & vegetables, dairy products, meat products, frozen food, and baked and confectionary. The dairy products segment and the frozen food segment is anticipated to scale strong CAGRs and retain significant shares of the market over the next couple of years.
Regional Analysis
The global food container market, by region, has been segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). North America is forecasted to retain the most substantial market share through the assessment period. The factors that are expected to contribute to the development of the food container market are rising demand for packaged food, increasing use of compact food containers for domestic purposes, etc. Meanwhile, Asia Pacific is the fastest growing region and is poised scale the highest CAGR during the forecast period. The increasing disposable income and changing lifestyle of the population are anticipated to favor the proliferation of the food container market in the region.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continues……
LIST OF FIGURES
FIGURE 1 Global Food Container Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Food Container Market
FIGURE 4 Value Chain Of Global Food Container Market
FIGURE 5 Share Of Global Food Container Market In 2014, By Country (In %)
Continues……….
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