Press release
Sizzling Growth: Food Containers Market Set to Reach $326.02 Billion in 2025, Accelerating at a CAGR of 9.1%
Food Containers Market Size
The Global Food Containers Market is witnessing exponential growth driven by emerging trends and the rising demand for processed and packaged food.
What Is The Projected Market Size Of The Global Food Containers Market And Its Growth Rate?
o The market size of food containers stood at $298.77 billion in 2024.
o The market is set to grow from $298.77 billion in 2024 to $326.02 billion in 2025, progressing at a CAGR of 9.1%.
o Major factors propelling this growth include food preservation, on-the-go lifestyle demands, urbanization, and stringent food safety regulations.
o The market size is estimated to surge to $489.3 billion in 2029, registering a CAGR of 10.7%.
o The forecast period growth is expected to be driven by customization and branding, online food delivery, meal kits, altered regulatory landscape, and evolving packaging standards.
What Is Driving The Growth In The Food Containers Market?
The growth of the food containers market is primarily influenced by the consumption of processed and packaged frozen food. The demand for such convenience foods has surged due to the fast-paced lifestyle of consumers. The American Frozen Food Institute reports that frozen food sales in the US topped $72 billion in 2022, with 98.6% of US households purchasing frozen food at least once a year, bolstering the demand for food containers.
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Who Are the Key Players Driving Food Containers Market Growth?
o Amcor plc
o Plastipak Holdings Inc.
o Sonoco Products Company
o Graham Packaging Company Inc.
o Ball Corporation
o Printpack Incorporated
o Ardagh Group
o Tetra Laval International S.A.
o Graphic Packaging International LLC
o Anchor Glass Container Corporation
o Among others
What Are The Key Trends In The Food Containers Market?
o Innovation in material science
o Meal prep and portion control
o Alternatives to single-use plastics
o Smart packaging
o Eco-friendly packaging.
What Are The Segments Of The Global Food Containers Market?
o Product: Bottles and Jars, Cans, Cups and Tubs, Boxes
o Material: Plastic, Metal, Glass
o Application: Meat Products, Dairy Products, Bakery Products, Fruits and Vegetables
Which Region Leads The Food Containers Market?
As for regional dominance, Asia-Pacific was the largest region in the food containers market in 2024. The region is anticipated to retain the fastest growth rate during the forecast period.
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What Is Covered In The Food Containers Market Global Market Report?
- Market Size Analysis: Analyze the Food Containers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Food Containers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Food Containers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Food Containers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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