Press release
Food Container Market Size to Worth Around USD 231.36 Billion by 2031 | Amcor plc, Silgan Holdings, Inc., Ardagh Group
Food Container Market
The global food container market is estimated to be valued at USD 172.31 Bn in 2024 and is expected to reach USD 231.36 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Market Dynamics:
The food container market is expected to witness significant growth over the forecast period owing to surging demand for convenient and eco-friendly packaging solutions from food processing industry and households. Increased consumption of packaged, processed, and ready-to-eat food items coupled with rising on-the-go food consumption has bolstered the demand for various food containers like boxes, trays, cups, tubs etc. Further, changing consumer preference towards sustainable packaging made from recycled or plant-based materials is forcing manufacturers to offer green packaging options, thus contributing to the market growth.
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Major drivers behind increasing demand for sustainable food containers
One of the major drivers behind the growth of the food container market is the rising concern about environmental sustainability. Customers are increasingly preferring food containers made from sustainable and eco-friendly materials like paper, sugarcane, bamboo, etc. over traditional plastic ones due to negative environmental impact of plastic waste. Manufacturers are also focusing on developing innovative and sustainable solutions like biodegradable and compostable food containers to meet this growing demand.
Another key driver is the expanding fast food and takeaway culture. Ready-to-eat food culture has witnessed a boom with increasing number of fast food chains, restaurants, takeaways, food delivery services etc. This has generated huge demand for all types of food containers including cups, bowls, plates, boxes etc for packing and on-the-go consumption of food. Changing lifestyles and busy schedules have made packaged and takeaway food heavily popular further propelling container market growth.
Major opportunity from manufacturing sustainable packaging solutions
Development and commercialization of innovative sustainable packaging solutions represents a major business opportunity for food container manufacturers. Customers are willing to pay premium prices for containers made from eco-friendly materials like pulp, bagasse, compostable plastics etc that decompose quickly and cause less pollution. There is opportunity to cater this rapidly growing segment through R&D in novel materials, upgraded technologies and customized product designs. Partnerships with bioplastics and green chemical companies can aid development of new bio-based and marine-degradable solutions. Manufacturers investing in sustainable packaging range will attract more ESG focused investors as well as environment conscious bulk buyers.
Emerging trend towards healthy and customized food packaging
A notable trend in the food container industry is the rising preference for containers that preserve the nutritional value and freshness of packaged food better through addition of anticaking, antioxidant and antimicrobial properties. Customers are willing to pay more for containers enhanced with features like moisture control, oxygen barrier properties to keep food fresh for longer duration. There is increasing demand for customized containers in different materials, shapes, sizes and graphic designs as per specific food type and occasion. Manufacturers are innovating functional food-grade papers, biopolymers and nanocoatings to cater to such evolving trends in healthy, customized and premium food packaging space.
Top Companies Included in This Report:
★ Amcor plc
★ Silgan Holdings Inc.
★ Ardagh Group
★ Berry Plastics Corp.
★ Plastipak Holdings Inc.
★ Sonoco Products Company
★ Graham Packaging Company Inc.
★ Weener Plastics
★ Ball Corp.
★ Tetra Pak
★ Arafhat Plastics
★ Prithvi Polymer Industries Pvt. Ltd.
★ weorex
★ Zaika Plastopacks
★ and Ambika Packaging
Market Segmentation:
Based on Product Type:
★ By Material: Plastic , Metal , Glass , and Others
★ By Product: Bottles & Jars , Cans , Cups & Tubs , Boxes , and Others
Key Regions/Countries Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Latest Trends in the Navigation Food Container Market:
Surging Demand: Witness a rising demand for navigation Food Container owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.
Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Food Container, encompassing real-time traffic updates, 3D mapping, and augmented reality.
Tailored Solutions for Diverse Industries: Companies are tailoring navigation Food Container solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.
Fusion with Emerging Technologies: Observe the integration of navigation Food Container with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.
Rise of Mobile Applications: Experience the proliferation of navigation Food Container in the form of mobile applications, offering enhanced convenience and accessibility to users.
Emphasis on Environmental Sustainability: Witness the development of navigation Food Container systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.
Report Highlights:
Evaluation of Navigation Food Container Market Share at Country and Regional Levels.
Strategic Landscape Analysis, Highlighting Key Trends.
Examination of Navigation Food Container Market Trends, Including Product and Technological Insights, Drivers and Constraints, and PORTER's Five Forces Analysis.
Strategic Recommendations for Key Business Segments Based on Market Assessments.
Guidance Tailored for New Entrants.
Market Forecasts for All Identified Segments, Sub-segments, and Regional Markets in the Navigation Food Container Sector.
Frequently Asked Questions (FAQs) for Global Navigation Food Container Market Research:
What is the duration of this market study?
What are the critical factors that companies should prioritize when entering the Navigation Food Container market?
What is the growth rate of the Navigation Food Container Market?
What is the current size of the Navigation Food Container Market?
Which region demonstrates the highest growth rate in the Navigation Food Container Market?
Which region commands the largest share in the Navigation Food Container Market?
Who are the key players operating in the Navigation Food Container Market?
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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