Food containers are primarily used for product preservation, storage, and transportation in order to extend the food’s shelf life. Food containers should be sturdy enough to prevent spoilage or damage to the contents of the package. Food containers come in a variety of materials and are used in a variety of purposes. Food containers help to preserve the quality of food by allowing it to travel safely vast distances from its source. The food container market is expected to be influenced by rising consumer awareness of environmental and sustainability issues linked to food packaging. In recent years, the growth of packaged food as one of the most profitable divisions of the global food and beverage business has fuelled large-scale advancements across the food container sector. The market’s ever-expanding varieties of available product kinds, as well as their ever-expanding range of applications, are providing considerable growth potential for enterprises in the industry.
Silgan, Ball Corporation, Bemis, Ardagh, Berry Plastics, Graham Packaging, Alcan Packaging Food Americas, Caraustar Industries Incorporated, Anchor Glass Container Corporation, Constar International Incorporated, Plastipak Holdings Incorporated, Evergreen Packaging, Ring Companies, PWP Industries, Rio Tinto Group, Sonoco Products Company, and Printpack Incorporated.
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COVID-19 Impact analysis
Consumers and businesses have had to change their perceptions on package health and safety since the outbreak of the Covid-19 coronavirus. Single-use containers have grown in popularity since the beginning of the epidemic, owing to consumer concerns that reusable packaging might raise the danger of transmission.
According to certain studies, the virus can be transferred through cardboard and plastic, leading to an increase in the usage of single-use materials to make containers to store fruits and vegetables.
As a result of COVID-19’s widespread distribution, the market is rising. As a result of the lockdown, customers turned to online retail and panic stockpiling, resulting in an increase in demand for key food items such as milk, baby food, and vegetables. As a result, the demand for containers to store these items soared.
Top Impacting Factors
The huge increase in global food output is predicted to fuel the global market for food containers. Today’s savvy customer demands simple packaging that is easy to carry, store, and enables for immediate food consumption. As a result, it is critical for food container producers to stay up with evolving consumer tastes.
The increasing number of women in the workforce, the increased number of families consuming packaged goods, and the massive increase in double-income families are all contributing to the global market for food containers’ good growth prospects.
The rising population in metropolitan areas, as well as the increasing number of single-person households is likely to fuel the demand for food containers.
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Convenience offered by food containers to drive growth of market
The convenience that these containers provide in terms of carrying, packaging and consumption has become quite important to many consumers. As a result, manufacturers must keep up with the changing lifestyles of their customers. Over the projection period, changing lifestyles combined with hectic schedules among working folks are predicted to positively impact industry growth. Furthermore, rising consumption of processed and packaged foods is expected to drive the global food container market demand in the coming years.
Due to the convenience and economy offered over traditional materials such as glass, metal, and paper board, the plastic food container market is expected to be the fastest expanding product area. Bags and pouches are popular containers because of the numerous benefits they provide.Visual appeal, freshness protection, convenience, product distinctiveness, mobility, and branding opportunity are just a few of the qualities.
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Bags and pouches will continue to be the most popular package type.
Bags and pouches will continue to be the most popular package type by far. Lightweight, lightweight, and practical, bags and pouches are ideal. The popularity of chilled and processed foods, ready-to-eat meals, snack foods, grain mill and bakery items, and other products packaged in flexible packaging will continue to grow globally.
Plastic-based packaging will continue to supersede metal and glass containers for many food items, with the fastest worldwide growth potential. Plastics are preferred over less portable varieties due to the ongoing rise of quick-prepared meals and packaged cooking components (e.g., cooking fats and oils, packaged spices, seeds and nuts, and single-serve noodles and rice).
Key Benefits of the Report
This study presents the analytical depiction of the Food Container Marketalong with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Food Container Market share.
The current market is quantitatively analyzed from 2020 to 2028 to highlight the Food Container Market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed Food Container Market analysis based on competitive intensity and how the competition will take shape in coming years.
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