Food Containers Market Outlook 2024-2033: Trends and Projections
Food Containers Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Food Containers Market Analysis 2024: Size Forecast and Growth Prospects
Food Containers Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Food Containers Market Overview 2024: Size, Growth Rate, and Segments
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The food containers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food Containers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food containers market size has grown strongly in recent years. It will grow from $275.51 billion in 2023 to $300.63 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to food preservation and shelf life, convenience and on-the-go lifestyles, urbanization and population growth, food safety regulations, sustainability concerns.
The food containers market size is expected to see strong growth in the next few years. It will grow to $435.82 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to customization and branding, health and safety concerns, online food delivery and meal kits, regulatory changes and packaging standards. Major trends in the forecast period include innovation in material science, meal prep and portion control, single-use plastics alternatives, smart packaging, eco-friendly packaging.
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Scope Of Food Containers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Containers Market Overview
Market Drivers –
The increase in consumption of processed and packaged frozen 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 frozen packaged foods. This high consumption creates demand for processed and frozen packaged food, which again allows food processing and packaging industries to develop more products with more nutrient value and ensure minimum side effects. For instance, in 2022, according to the report by American Frozen Food Institute, frozen food sales in the US reached more than $72 billion. Moreover, virtually all US households almost 98.6% purchase frozen food at least once a year. Therefore, the demand for processed and packaged food is driving the demand for food-containing containers.
Market Trends –
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. Recyclable materials are mostly used in the incaging industry that help bushelpsses implement circular packaging practices. Furthermore, recyclable packaging technologies also cater to mono-material packaging, which avoids the use of a multilayer packaging system. Technological advancement including recyclable packaging solutions is a discovery of knowledge that advances technology. For instance, in October 2022, HuhtamäkiOyj, a Finland-based consumer packaging company, launched an innovative, recyclable ice cream packaging solution based on paper-based technology.This is an innovative food container that can be recyclable and environmentally friendly in nature.
The food containers market covered in this report 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
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Regional Insights –
Asia-Pacific was the largest region in the food containers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food containers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the food containers market include Amcor plc, Plastipak Holdings Inc., 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, Caraustar Industries Incorporated, Evergreen Packaging, Anchor Packaging Inc., Berry Global Group Inc., Cambro Manufacturing Company, CKS Packaging Inc., Crown Holdings Inc., Dart Container Corporation, D&W Fine Pack LLC, Eco-Products Inc., Fabri-Kal Corporation, Genpak LLC, Georgia-Pacific LLC, Huhtamäki Oyj, Inline Plastics Corporation, International Paper Company, Libbey Inc., Menasha Packaging Company LLC, Novolex Holdings LLC, Pactiv LLC, Placon Corporation, Polytainers Inc., Reynolds Group Holdings Limited, Sabert Corporation
Table of Contents
1. Executive Summary
2. Food Containers Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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