The food container market comprises various packaging solutions used for storing, transporting, and serving different food items. This includes containers made from plastic, glass, metal, and paperboard. Plastic food containers are predominantly used due to their lightweight and durability properties. They find extensive applications for packaging frozen food, dairy products, baked goods, snacks and other ready-to-eat meals. Glass food containers are gaining traction among health conscious consumers as they are inert and do not leach harmful chemicals into food items. Metal food containers offer longevity and high temperature resistance making them suitable for microwave heating and freezer storage. Paperboard food containers are environment friendly and find applications in fast food chains and restaurant chains for takeaway meals.
The global food container market is estimated to be valued at US$ 168.83 billion in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the food container market is the increasing demand for convenient and sustainable food packaging solutions. Rising urbanization and busy lifestyles have fueled the demand for ready-to-eat meals and food delivery services which require robust and easy to use container packaging. Additionally, the growing emphasis on sustainable packaging along with preference for minimally processed and fresh food is driving innovation in green food containers made from bioplastics, sugarcane and other plant-based materials. This is expected to open new opportunities for bio-degradable containers in the market over the forecast period.”
Segment Analysis
The global food container market is dominated by the plastic segment which accounts for over 40% market share. Plastic food containers are highly popular amongst consumers as they are affordable, lightweight and durable. They can withstand day-to-day wear and tear and also help keep food fresh for longer duration. This increased shelf-life of food items packaged in plastic containers has propelled their demand.
PEST Analysis
Political: Food safety regulations regarding use of contaminant-free materials for packaging will support market growth. Regulations to curb plastic usage can impede gains.
Economic: Rising disposable incomes and busy lifestyles have fueled the demand for convenient packaging solutions. Growing food delivery and takeaway business further aids market expansion.
Social: Changing consumer preferences towards packaged and ready-to-eat foods necessitate effective food containers. Rising health awareness increases demand for containers ensuring food freshness.
Technological: Manufacturers focus on production of innovative packaging incorporating technologies like active-venting films and steam-venting outlets to help extend shelf-life.
Key Takeaways
Global Food Container Market Demand is expected to witness high growth over the forecast period.
Regional analysis: The Asia Pacific food container market is projected to witness the fastest growth during the forecast period. China, India, and Japan are the major markets in the region. Rapid urbanization, increasing working population, and changing diet patterns have propelled the demand for convenient packaging in the region.
Key players operating in the food container market are Pactiv LLC, Sealed Air Corporation, Berry Global Inc., Coveris Holdings S.A., Reynolds Group Holdings Ltd., Amcor plc., Mondi Group, Sonoco Products Company, Genpak LLC., and Crown Holdings, Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it