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Global Food Container Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Amcor Limited and Novolex are key players.

03-29-2023 11:13 AM CET | Logistics & Transport

Press release from: Knowledge Sourcing Intelligence LLP

The global food container market will grow at a CAGR of 4.06% to reach US$274.042 billion by 2028.

The primary use of food containers is for preserving, storing, and transporting food. They are robust, help keep the goods fresh by preventing rotting, and enable long-distance shipping. The prime factors propelling the growth of the food container market include the growing demand for convenient packaging and storage solutions and the rising demand for processed and packaged food products, followed by an increasing number of products available in the market.

According to the analysis, the global market for food containers would rise due to the growing need for easy and convenient packaging options throughout the study period.

Convenient packing and storage options have become more popular due to demanding work schedules, increased personal affluence, and fast-paced lifestyle choices, which have considerably changed customer tastes. The convenience of packaging and carrying food in these containers has become extremely crucial to many people, which will fuel demand for these products worldwide. In addition, rising living standards, the growth of nuclear families, and the participation of women in the workforce will all improve market prospects. The rising demand for processed and packaged meals will support the worldwide food container market over the coming years.

Sample request or complete report can be purchased through the link below:
https://www.knowledge-sourcing.com/report/global-food-container-market

The global market for food containers is divided into many categories based on product, application, and geographical region.

By product, the global market has been classified based on Plastic Containers, Glass Containers, Paperboard Containers, Metal Containers, and Bags & Pouches. Out of all these product type, plastic container segments= is anticipated to hold a significant market share during the analysis period. Fast food companies and restaurants frequently use plastic containers to pack food for takeout or delivery orders. This is so because plastics offer certain benefits over other food-related materials. Because plastic is so lightweight and requires so little energy, it is typically used to make food packaging and containers. Plastic containers are also affordable and can withstand extreme weather conditions.

Based on application, the classification has been done into Dairy Products, Baked Goods, Fruits & Vegetables, Meat Products, and Others. Out of all these applications, the fruits and vegetable segment is expected to hold a major market share during the analysis period.

Geographically, the food container market is segmented in North America, South America, the Middle East and Africa, Europe, and Asia Pacific. Out of all the geographical region Asia Pacific region is expected to have a significant market share in the global food container market. The market for food containers in this region is expanding due to increasing disposable income, rising urbanization, and the demand for western-style diets. It is anticipated that the Asia Pacific food packaging market will expand considerably throughout the projected period. Food containers will expand faster in this area because of the rapid growth of the food processing and hospitality sectors in nations like India, Chain, and Japan.

The major players covered in the global food container market study are Amcor Limited, WestRock, Mondi, Sonoco, Printpack, Pactiv LLC, Novolex, RTS Packaging, MeadWestvaco Corporation, and Graham Packaging Company Incorporated.

This Global Food Container Market has been analyzed into the following segments:

• By Product

o Plastic Containers
o Glass Containers
o Paperboard Containers
o Metal Containers
o Bags and Pouches

• By Application

o Dairy Products
o Baked Goods
o Fruits and Vegetable
o Meat Products
o Others

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Others

o The Middle East and Africa

• Saudi Arabia
• UAE
• Others

o Asia Pacific

• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

Related Reports:

https://www.knowledge-sourcing.com/report/beverage-container-market
https://www.knowledge-sourcing.com/report/antimicrobial-packaging-market
https://www.knowledge-sourcing.com/report/corrugated-boxes-market
https://www.knowledge-sourcing.com/report/iv-bags-market
https://www.knowledge-sourcing.com/report/bag-in-box-containers-market

Contact Us:

Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail:info@knowledge-sourcing.com
Web: https://www.knowledge-sourcing.com/
Blogs: https://www.knowledge-sourcing.com/resources/blogs/
Follow Us: https://www.linkedin.com/company/knowledge-sourcing-intelligence

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

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