Food Containers Market Strategies and Forecast by 2031
The food containers market size is projected to reach US$ 220.15 billion by 2031 from US$ 151.83 billion in 2023. The market is expected to register a CAGR of 4.6% during 2023–2031. Rising demand for eco-friendly containers is likely to remain a key trend in the food containers market.
Food Containers Market Analysis
The food container market analysis revealed a considerable shift of consumers toward convenience packaging to meet the demand for sustainability, resealability, microwave compatibility, and portability. With an increasing demand for grab-and-go meals and ready-to-eat options, food containers are gaining prominence due to the convenience they offer. Simultaneously, the adoption of sustainable packaging materials and practices has skyrocketed to avoid landfills and meet regulatory mandates. Therefore, biodegradable, compostable, and recyclable materials are witnessing growing acceptance as consumers prefer eco-friendly options. Moreover, active and intelligent packaging systems promote shelf-life extension, food safety assurance, and interactive consumer experiences. The need for robust, leak-proof containers that can be conveniently used for transportation and storage is accelerated due to the surge in e-commerce and food delivery services.
Food Containers Market Overview
The growing desire for convenience and consumption on the go has inspired many players in the food container market to manufacture biodegradable and eco-friendly packaging options. These containers are spillproof and can preserve food items for a longer duration. These benefits aid in the hassle-free transportation of food items. Food containers made of plastic, glass, metal, and paper-based options are available in the market to cater to diverse consumer preferences and needs
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Food Containers Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Food Containers Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Food Containers Market Drivers and Opportunities
Increasing Demand in Convenience Foods
Consumer reliance on convenience foods has drastically increased due to hectic schedules. Sustainable packaging options are subsequently gaining traction to meet the convenience requirement for handling food items. Therefore, the need for food containers that offer convenient packaging solutions for ready-to-eat meals, snacks, and on-the-go food items has soared, thereby driving the market growth.
Rising Awareness of Food Safety and Hygiene
As spillproof food containers have tamper-evident seals to assure product security and authenticity, the integrity and freshness of packaged food products are unaltered. Apart from preventing spills and contamination during storage and transportation, leak-proof food containers offer additional convenience of reheating, as they are tolerant to high temperatures, making them microwave-safe. Thus, the aforementioned advantages play a crucial role in driving the food containers market expansion.
Food Containers Market Report Segmentation Analysis
Key segments that contributed to the derivation of the food containers market analysis are material and application.
- Based on material, the food containers market is segmented into plastic, metal, glass, and others. The plastic sub-segment held the largest market share in 2023.
- Based on application, the food containers market is segmented into fruits and vegetables; dairy products; snacks; bakery and confectionery; meat, poultry, and seafood; and others. The dairy products sub-segment held the largest market share in 2023.
Food Containers Market Share Analysis by Geography
The geographic scope of the food containers market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The Asia Pacific food containers market is growing prominently owing to the rising population and booming food & beverage industry. As the region's population is rising, more demand is created for food products, which further anticipates demand for food containers. According to India's Ministry of Food Processing Industry, India has 24 mega food parks. The Scheme of Mega Food Park strives to deliver management to link agricultural production to the food processing market by bringing together farmers, food processors, and retailers to maximize value addition, reduce wastage, increase farmers' income, and create employment opportunities, particularly in the rural sector. The Mega Food Park concept is based on the "Cluster" approach. It envisages the creation of state-of-the-art support infrastructure in a well-defined agriculture and horticultural area for setting up modern food processing plants in the industrial area provided in the park with a well-established supply chain.
Food Containers Market Report Scope
Food Containers Market News and Recent Developments
The food containers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the food containers market are listed below:
- Plastipak Holdings Incorporated invested at its Toledo, Spain plant, striving to convert PET flakes into food-grade recycled pellets. In this investment, pellets are considered for direct use in new food containers, aiming to manufacture 20,000 tons of food-grade pellets annually. (Source: Plastipak Holdings, News, 2021)
- Berry Global Inc.'s Superfos unit disclosed a new sustainable CombiLight packaging pot solution for food processors. This modern and advanced resource-efficient food packaging solution would reduce plastic content by 60%. (Source: Berry Global, News, 2021)
Food Containers Market Report Coverage and Deliverables
The “Food Containers Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Food containers market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Food containers market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Food containers market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the food containers market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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