The global food container market is anticipated to grow significantly at a CAGR of 3.8% over the forecast period (2024-2031). The key aspect that drives the growth of the global food container market includes various advancements in the food container product types. The advent of oxygen-absorbing technologies, transparent and flexible containers, incorporation of high barrier polymeric materials, barrier coatings for packaging, adoption of polyolefin-based containers for food storage, replacement of foils with advanced aluminum-based foils, and many others are the key aspects that contribute to the growth of the market.
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For example, the Japan-based company, Nippon Global has introduced newly manufactured compostable and conventional ultra-high oxygen barrier resins (EVOH) under its modified atmosphere packaging application segment. The newly manufactured EVOH film acts as a barrier to oxygen and keeps the food material fresh for a longer duration. Along with its extraordinary properties, the material is also biodegradable which makes it easier to recycle; this, again is a major aspect that drives the growth of the global food container market.
Similarly, Rapsol, one of the major players in the manufacturing of food packaging products is working on the development of advanced plastic material for food preservation. The newly manufactured product by the company has its main characteristics including flexibility, lightweight, mechanic resistance, durability, stability, higher impermeability to humidity and, permit sterilization. Hence, intense research & development in the manufacturing of novel products aid the growth of the market.
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Market Coverage
- Segment Covered- By Material Type and By Product Type
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- Mondi Group, Amcor Plc, Berry Plastics Corp., Sonoco Products Co., Ball Corp., Bemis Co. Inc., Crown Holdings Inc., Owens-Illinois Group Inc., and Pactiv LLC among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in base year?
- Which segment/region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Food Container Market – Segmentation
By Material Type
- Paper
- Plastic
- Metal
- Glass
- Others
By Product Type
- Boxes
- Cups
- Cans
- Bottles & Jars
- Trays
- Bags & Pouches
- Others
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