+91-8668442535
Home / Packaging / Food Conta

Food Containers Market By Application (Bakery, Dairy, Fruit And Vegetables, Processed Meat & Others), By Product Type (Flexible Packaging, Rigid Packaging, Paperboard & Others) - Growth, Future Prospects, Competitive Analysis And Forecast To 2016 - 2023

Food containers are usually utilized in the form of sacks, flexible bags, rigid plastic containers, paperboard, metal containers, and others. The rising significance of ready-to-eat food has strengthened the demand for food containers all over the world. The substantial increase in food output, as well as the convenience of carrying, packaging, and consumption, have gained popularity among customers in today's time.

It has been noted that the number of women in the service sector and other job-related fields has intensified over the past few years, and this has ultimately increased the consumption of packaged foods among urban people and strengthened the demand for food containers all over the world.

Rising awareness related to environmental concerns, the development of new packaging materials, and escalating health consciousness among people are likely to fuel the growth of the food container market from 2016–2023. Besides this, the escalating consumption of packaged foods and processed foods is anticipated to bolster the growth of the food container market in the next few years, from 2016 to 2023.

Changes in lifestyle, along with increased consumption of packaged food products, are expected to drive the growth of the global food container market over the forecast period. The convenience provided by the type of containers used in carrying and packaging has gained significance among consumers. The increasing production of food, as well as changes in lifestyle, are expected to intensify the growth of the food container market over the forecast period. The advantages being offered by plastic containers as compared to glass and metal are anticipated to favorably impact the growth of the food container market between 2016 and 2023.

The food container market has been estimated to be valued at US$ 247.2 Bn by the end of 2016 and is expected to attain revenue of US$ 342.5 Mn by 2023, expanding at a CAGR of 4.8% during the forecast period of 2016–2023.

Purpose of the Report

The purpose of this strategic research study titled "Global Food Containers Market: Growth, Future Prospects, and Competitive Analysis 2016–2023" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global food containers market.

Target Audience

  • Industry Investors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers and Buyers
  • Product Suppliers and Buyers
  • Research Institutes

On the basis of product type, the food container market is categorized into the following types:

  • Flexible Packaging
  • Rigid Packaging
  • Paperboard
  • Others

The food container market has been observing a significant amount of innovation in the development of containers. By product type, the food container market is segmented into flexible packaging, rigid packaging, paperboard, and others. In 2015, the flexible packaging segment contributed the highest share of the total revenue of the global food container market.

The rising significance of thin film packaging in the nutritional supplement industry as a medium for shelf life for finished goods is anticipated to intensify the growth of the global food containers market over the forecast period. Rigid packaging is expected to gain traction in the future due to technological advancement and the adoption of biodegradable plastics by companies.

On the basis of application, the food container market is categorized into the following types:

  • Bakery
  • Dairy
  • Fruit and vegetables
  • Processed Meat
  • Others

The significant demand for convenience food products all over the world has intensified the demand for food containers. A substantial inclination in the output of food all over the world is expected to bolster the demand for food containers during the forecast period. Processed meat products marked the highest share of the total global food container market in 2015. Over the forecast period, it is anticipated that the innovation and development of new products by key food container vendors will foster the global food container market.

On the basis of geography, the global food container market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • Europe
  • EU
  • CIS
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC
  • rest of MEA
  • Latin America
  • Brazil
  • rest of Latin America

Inclination towards naturally manufactured products and a changing mindset of consumers towards sustainable and packaged goods are anticipated to bolster the growth of the food container market over the period 2016–2023. The global food container market is segmented on the basis of geography. Asia Pacific contributed the highest revenue share in the total food container market, with a contribution of more than 30% in 2015.

North America came in second place the following year. Rising urbanization, higher health awareness, and higher population spending in these developed regions are anticipated to contribute to the double-digit growth rate of these regions during the projected period. The booming food and beverage sector in the Middle East and Africa, as well as in Latin American countries, is anticipated to spur the growth of the food container market in these regions over the period 2016–2023.

Frequently Asked Question:

The market for Food Containers Market is expected to reach USD$ 342.5 Mn in 2023.

The Food Containers Market is expected to see significant CAGR growth over the coming years, at 4.8%.

The report is forecasted from 2016 -2023.

The base year of this report is 2015.

Ball Corporation, Berry Plastics, Carauster Industries, Ardagh Group, Silgan. are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Dec 2016
Category:  Packaging
Report ID:   58274
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support