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Global Food Containers Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Amcor plc, Plastipak Holdings, Inc., Constar International UK Ltd., Sonoco Products Company
Food Containers Global Market Report
The Business Research Company's Food Containers Global Market Report 2023 identifies the increase in consumption of processed and packaged food is anticipated to propel the growth of the food container market. Processed foods include various ingredients like artificial colors, flavors, or other chemical additives, which affect the health of individuals that cause obesity and other chronic diseases like diabetes and heart disease. Nowadays, because of the fast-moving lifestyle of individuals, there has been increasing in the consumption of processed and packaged foods.
The global food containers market size grew from $250.85 billion in 2022 to $270.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the food containers market is expected to grow to $374.97 billion in 2027 at a CAGR of 8.6%.
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Major players in the food containers market are Amcor plc, Plastipak Holdings, Inc., Constar International UK Ltd., Sonoco Products Company, Graham Packaging Company, Inc., Ball Corporation, Printpack Incorporated, Ardagh Group, Tetra Laval International S.A., Bemis Company, Inc., Graphic Packaging International, LLC, Anchor Glass Container Corporation, Alcan Packaging Food Americas, Caraustar Industries Incorporated, Evergreen Packaging, and PWP Industries, Inc.
A key trend in the Food Containers market includes the technological advancements are a key trend gaining popularity in the food container market. The advanced technology transformed the food manufacturing industry and associated businesses, technology such as the use of recyclable packaging, smart packaging, and micro packaging that increase the life span of food material and avoid direct contamination.
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The Food Containers market is segmented -
1) By Product: Bottles and Jars, Cans, Cups and Tubs, Boxes
2) By Material: Plastic, Metal, Glass
3) By Application: Meat Products, Dairy Products, Bakery Products, Fruits and Vegetables
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Food Containers market.
The Business Research Company's "Global Food Containers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Food Containers Market Include:
1. Executive Summary
2. Food Containers Market Characteristics
3. Food Containers Market Trends And Strategies
4. Food Containers Market - Macro Economic Scenario
5. Food Containers Market Size And Growth
……
27. Food Containers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Containers Market
29. Food Containers Market Future Outlook and Potential Analysis
30. Appendix
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