Food Container Market by Material (Plastic, Metal, Glass), by Product (Bottles & Jars, Cans, Boxes, Cups & Tubs), by Application (Fruits & Vegetables, Dairy, Meat products, Frozen Food, Baked and confectionery products), by Region (North America, Asia Pacific, Europe, Rest of the World) - Global Forecasts to 2027
According to MarketsandMarkets, the global Food container market is estimated to be valued at USD 142.7 billion in 2022. It is projected to reach USD 171.9 billion by 2027, with a CAGR of 3.8%, in terms of value between 2022 and 2027. Food containers help in increasing the shelf life of products by preserving and preventing food from deterioration.
Food Container Market Dynamics
Drivers: Increasing demand for convenient packaging
Owing to increasingly hectic lifestyles of consumers, there is an increasing demand for convenient packaging that is easy to store, carry, and enables immediate consumption of food. The market is led by plastic made containers, which are energy efficient to manufacture, store and transport.
Restraints: Disposal of food containers pose a huge constraint for the market
Market expansion of food container market is hampered by rising environmental concerns. Consumers are increasingly concerned about the impact of their food containers’ (especially single use plastic containers) disposal.
Opportunities: Rising demand fueled by single-person households and double-income households
Owing to the rise in number of employed women, there is a rise in proportions of households consuming packaged goods. This raises the consumption of food container market in general. Further, market is also driven by single-person households owing to demand for convenience.
Challenges: Usage of low-quality material pose to be a challenge for the market
There have been increasing cases of food contamination due to sub-standard quality of material used in production of food containers. It is thereby expected to be a significant challenge for the governments to improve material standards of the same.
By material, plastic is expected to showcase fastest growth over the forecasted period.
Owing to its low maintenance, sourcing and logistical costs, plastic is expected to drive the growth of food container market. This is despite the material commanding about 40% of overall food container market.
By application, baked and confectionery products are expected to showcase the fastest growth
Food containers are increasingly being used for baked and confectionery products. This is owing to heightened demand for such foods, which in turn leads to manufacturers increasing their production capacities.
Asia Pacific has the largest market share in 2022, which was driven by emerging economies, such as India wherein there has been a rising prevalence of mega food manufacturing units. However, growth in North America is mainly driven by increased demand for canned food.
Key Market Players:
Key players in this market include TetraPak (Switzerland), Amcor (Australia), Silgan Holdings, Inc (US), amongst others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.4 REGIONAL SEGMENTATION
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 VOLUME UNITS CONSIDERED
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key Data from Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 MARKET SIZE ESTIMATION - METHOD 1
2.2.2 MARKET SIZE ESTIMATION - METHOD 2
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR THE STUDY
2.5 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
6.3 TECHNOLOGY ANALYSIS
6.4 PRICING ANALYSIS
6.5 ECOSYSTEM/ MARKET MAP
6.6 TRENDS/ DISRUPTION IMPACTING THE CUSTOMER’S BUSINESS
6.7 PATENT ANALYSIS
6.8 TRADE ANALYSIS
6.9 KEY CONFERENCES AND EVENTS IN 2022-2023
6.10 TARIFF AND REGULATORY LANDSCAPE
6.11 PORTER’S FIVE FORCES ANALYSIS
6.12 KEY STAKEHOLDERS & BUYING CRITERIA
6.13 CASE STUDY ANALYSIS
7 FOOD CONTAINER MARKET, BY MATERIAL
7.1 INTRODUCTION
7.2 PLASTIC
7.3 METAL
7.4 GLASS
8 FOOD CONTAINER MARKET, BY PRODUCT
8.1 INTRODUCTION
8.2 BOTTLES & JARS
8.3 CANS
8.4 BOXES
8.5 CUPS & TUBS
9 FOOD CONTAINER MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 FRUITS & VEGETABLES
9.3 DAIRY
9.4 MEAT PRODUCTS
9.5 FROZEN FOOD
9.6 BAKED & CONFECTIONERY PRODUCTS
10 FOOD CONTAINER MARKET, BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 US
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 GERMANY
10.3.2 FRANCE
10.3.3 UK
10.3.4 ITALY
10.3.5 SPAIN
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 CHINA
10.4.2 INDIA
10.4.3 JAPAN
10.4.4 AUSTRALIA & NEW ZEALAND
10.4.5 REST OF ASIA PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.2 ARGENTINA
10.5.3 REST OF SOUTH AMERICA
10.6 REST OF THE WORLD
10.6.1 AFRICA
10.6.2 MIDDLE EAST
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 MARKET SHARE ANALYSIS*
11.3 KEY PLAYERS STRATEGIES
11.4 COMPANY REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPETITIVE BENCHMARKING
11.6 PRODUCT FOOTPRINTS
11.7 STARTUP/SME EVALUATION QUADRANT
11.7.1 PROGRESSIVE COMPANIES
11.7.2 STARTING BLOCKS
11.7.3 RESPONSIVE COMPANIES
11.7.4 DYNAMIC COMPANIES
11.8 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
11.8.1 NEW PRODUCT LAUNCHES
11.8.2 DEALS
11.8.3 OTHER DEVELOPMENTS
11.8.4 PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES
12 COMPANY PROFILES
12.1 TETRA PAK
12.2 AMCOR PLC
12.3 SILGAN HOLDINGS, INC
12.4 ARDAGH GROUP
12.5 PLASTIPAK HOLDINGS, INC
12.6 SONOCO PRODUCTS COMPANY
12.7 GRAHAM PACKAGING COMPANY, INC
12.8 WEENER PLASTICS
12.9 BALL CORP
12.10 BERRY PLASTICS CORP
Note: Currently, list of only 10 companies have been provided. However, this section covers 12-15 key company profiles which include business overview, recent financials, product offerings, key strategies, and swot analysis. recent financials can be provided based on data/information availability in public domain. The list of companies mentioned above can be altered depending upon client’s interest
13 APPENDIX
Note: The TOC prepared above is tentative and may subject to change, based on the research progress
Growth opportunities and latent adjacency in Food Container Market