A recent report published by Infinium Global Research on food container market provides in-depth analysis of segments and sub-segments in global as well as regional food container market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional food container market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global food container market. According to the report the global food container market is projected to grow at a CAGR of 5.7% over the forecast period of 2018-2024.
Food storage containers are widespread in use throughout the world and have probably been in use since the first human developments. A package provides protection, tampering resistance, and special physical, chemical, or biological needs. Food containers include a wide array of materials, such as plastic, metals glass and paper that are processed and formed. Containers are a standard choice for airtight food storage and they are commonly used for multiple, smaller storage purposes. These types of containers are ideal for multiple uses though recycled plastic is not recommended for food processes to avoid the transmission of contaminants. They are also typically designed to be leak proof. Some of the containers such as paper containers are suitable for recycling purposes because of their biodegradable and compostable properties. Glass is also commonly used for liquid containers, as it is transparent and displays content. Additionally, glass jars are often a suitable choice for refrigeration purposes and are suitable for microwave heating.
Consumers prefer containers that are environment-friendly, manufacturers are developing containers that are recyclable and resistant to friction, moisture, and heat. Therefore, Demand for ecological containers among consumers has increased. Consumers are more attracted towards stylish designed containers that are efficient and require very little maintenance. Glass storage containers normally have a plastic lid that keeps the food airtight, these containers are accessible in clear, frosted, and colored glasses, they keep the food fresh for longer periods as compared with other food storage containers so the demand for glass container is increasing among the consumers. The above emerging trends are driving the food container market. However, food contamination due to low quality might hamper food container industry growth. Furthermore, smaller size packaging of flour, edible oil, and ready meals are anticipated to furnish the massive growth opportunities for the industry over the years to come.
Among the geographies, Asia-Pacific is anticipated to be the fastest growing region for food container market. The growth in the Asia-Pacific region is due to the growth in China to become the largest food packaging industry. Moreover, Western Europe is likely to witness considerable growth owing to the lingering recession.
The report on global food container market covers segments such as product and application. On the basis of product, the global food container market is categorized into flexible packaging, glass, metal, paperboard, rigid packaging and bags, and pouches. On the basis of application, the global food container market is categorized into bakery products, dairy goods, fruits & vegetables, grain mill products, meat processed products, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography is provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global food container market such as Ardagh Group, Berry Plastics Corporation, Bemis, Caraustar Industries Incorporated, Crown Holdings Incorporated, Evergreen Packaging, Graham Packaging Company Incorporated, Silgan Holdings, Owens-Illinois Group Incorporated, Plastipak Holdings Incorporated and Packaging Dynamics Corporation.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global food container market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of food container market.
Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the food container market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the food container market to understand the present and future trends in this market and formulate their strategies accordingly.
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