Food Container Market (By Material: Plastic, Metal, Glass, and Others; By Product: Bottles & Jars, Cans, Cups & Tubs, Boxes, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 - 2030

The global food container market was valued at US$ 283.18 billion in 2021 and is expected to reach over US$ 410.5 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2030.

The market growth is expected to be driven by the growing demand for packaged food products across the globe. Moreover, the convenience offered by these containers in packaging, carrying, and transporting food products is another major factor driving the product demand in the global market. Packaged foods primarily include Ready-To-Eat (RTE) meals, RTE convenience foods, frozen meals, cake mixes, snacks, desserts, among others. The growing demand for these products is expected to force manufacturers to enhance production capacities, which, in turn, will fuel the demand for food containers over the forecast period. Due to the COVID-19 pandemic, the market witnessed sluggish growth in 2020.

Raw material shortage due to supply chain disruption resulted in the reduced production of food containers. Several major players witnessed a decline in their annual revenue in 2020. For instance, the annual turnover of Amcor plc reduced by approximately 6% in 2020 compared to 2019.

As the food items come under the essential products, the demand for the packaged food items has increased during the pandemic. Moreover, with the deep market penetration and the strong supply chain of established food brands in several economies, the demand for food containers has not witnessed a downfall. However, the turnover of various big companies, such as Amcor plc, has declined in 2020 due to supply chain disruptions and transportation restrictions.

Food containers help in increasing the shelf life of products by preserving and preventing food from deterioration. Increasing consumer awareness regarding sustainability and environmental issues is expected to influence the market. Moreover, the increasing focus of manufacturers on innovation and aesthetics of the food containers is also significantly attracting food manufacturers to offer their products in different innovative food packaging, which, in turn, is expected to fuel the market growth in the near future.

Scope of the Food Container Market

Material Insights

The plastic segment dominated the global food container market in 2020. Due to its numerous advantages over other materials, plastic is the most widely used material in the packaging industry. Plastic is more energy efficient to manufacture than other materials and is lighter than other materials. Food containers made of plastic are commonly available and sold in retail stores. Food containers can range in quality from low to high quality depending upon its thickness.

The glass segment is fastest growing segment of the food container market in 2020. The glass containers are also becoming more popular, and they come in colored, frosted, and clear variants. Furthermore, the glass substance aids in the preservation of food for the long period of time.

Product Insights

The bottles and jars segment dominated the food container market in 2020. In the rigid food packaging market, bottles and jars are the most extensively used products in the market.

The cups and tubs segment, on the other hand, is predicted to develop at a rapid rate over the projection period. This is due to its extraordinary application, which is mostly for thick food products. It also increases the shelf life of the food products.

Regional Insights

Asia Pacific dominated the global market in 2020 accounting for a revenue share of over 36% and is estimated to be the fastest-growing regional marker from 2021 to 2028. This can be credited to the rapidly growing food processing industry in the region due to strong government support. The countries, such as India, China, and Japan, are the major contributors to the growth of the APAC regional market.

According to Invest India, India has 18 mega food parks that are in operation and 19 food parks in progress. The major investors in the Indian food market are Kraft Heinz Company, Danone, Nestle, McCain, and Mars among several others. India shipped approximately 1,290 kilo tones of seafood worth USD 6.68 billion between 2019 and 2020.

North America is anticipated to grow at a steady CAGR of 3.0% over the forecast period. This growth can be attributed to the increasing demand for packaged and convenience foods among the working population. Moreover, increasing demand for canned foods, such as canned fish and meat, in the U.S. is accelerating the market growth in the region. According to the data published by Delaware Sea Grant, about 55% of all seafood consumed in the U.S. in 2017 was limited to canned tuna, salmon, and shrimp

Some of the prominent players in the Food Container Market include:

• PRINTPACK
• Graham Packaging Company
• Bemis Company Inc.
• Ball Corporation
• Constar International UK Ltd.
• Anchor Glass Container Corporation
• Crown
• Berry Plastics Corporation
• Plastipak Holdings Inc.
• Graphic Packaging International LLC

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

By Material

• Plastic
• Glass
• Metal
• Others

By Product

• Bottles & Jars
• Cups & Tubs
• Cans
• Boxes
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Food Container Market Study:

• Growth of Food Container in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Food Container and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Food Container Consumption Analysis
•  Food Container Production Analysis
•  Food Container and Management