Food Container Market Size, Share, Trends, Growth 2030

Food Container Industry Prospective:

The global Food Container market size was worth around USD 160.2 billion in 2022 and is predicted to grow to around USD 227.9 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2023 and 2030.  

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Food Container Market: Overview

Food containers are mainly used for transportation, storage, and preservation of products to increase the shelf life of the food. Food containers must be durable enough to shield the contents from deterioration or harm. Food containers are made of several materials and have a range of applications. Food may be transported safely across great distances from its source due to food containers, which assist in maintaining food quality.

Growing consumer awareness of environmental and sustainability problems related to food packaging is anticipated to have an impact on the food container industry. Wide-ranging developments in the food container industry have been fueled in part by the rise of packaged food as one of the most lucrative segments of the global food and beverage industry in recent years.

Key Insights

• As per the analysis shared by our research analyst, the global Food Container market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2023-2030).
• In terms of revenue, the global Food Container market size was valued at around USD 160.2 billion in 2022 and is projected to reach USD 227.9 billion, by 2030.
• The growing food & beverage industry is expected to propel the food container market over the forecast period.
• Based on the material, the plastic segment is expected to dominate the market over the projected period.
• Based on the product, the Bottles & Jars segment is expected to capture a significant market share over the forecast period.
• Based on region, the Asia Pacific is expected to dominate the Food Container market over the projected period.

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Food Container Market: Growth Drivers

The growing need to preserve food quality drives market growth

The growing need to preserve food quality through creative means is one of the key drivers propelling the global food container market. Food goods may be safely transported across long distances from their place of manufacturing and are kept fresher longer when stored in food containers. Urbanization, population growth, and changing lifestyles have all contributed to an increase in the need for food containers. But in terms of the associated environmental problems, companies are developing creative solutions.

In addition, it is projected that government laws restricting greenhouse gas emissions in the food and beverage sector would boost consumer demand for environmentally friendly packaging and propel food container market expansion.

Food Container Market: Restraints

Food contamination and low hygiene hamper the market growth

Food that has been kept in containers for a long time is known to get contaminated. The largest challenge facing manufacturers of food containers is adapting to shifting consumer preferences. Food container manufacturers must thus provide products that are of the highest caliber, fresh, airtight, leak-proof, and visually appealing. According to a Friends of Earth study, the production of plastic releases and contributes to around 5% of greenhouse gas emissions.

Food Container Market: Opportunities

Rising demand for robust and lightweight containers offers a lucrative opportunity for market growth

Market expansion will be positively impacted by a rise in the number of supermarkets and hypermarkets carrying fresh produce. Consequently, the leading companies in the industry strive aggressively to preserve the reputation and worth of their brands. Additionally, the way that consumers purchase is evolving due to the rise of organized retail. Consequently, food storage container manufacturers are creating novel forms, dimensions, and styles to cater to consumer demands.

Additionally, some players provide colored polycarbonate food storage containers so that customers can see what's inside. Manufacturers aim to supply the hospitality sector with products that are high-quality, long-lasting, and creative. Therefore, throughout the projected period, the market will rise as a result of consumers' rising choice for sturdy yet lightweight food storage containers.

Food Container Market: Challenges

Environmental concerns and regulatory requirements pose a major challenge to market growth

Due to its excellent durability and low cost, plastic food containers are preferred by the majority of end consumers. However, many foodservice operators face large expenditures in resolving environmental issues connected to dangerous chemicals present in plastics given the current state of the US food storage container industry.

Furthermore, the food is contaminated by the polymer molecules included in these plastic food storage containers. Food poisoning results from the consumption of food contaminated with polymer molecules. Polymers can break down and release chemicals and monomers that may be harmful to human health. Consequently, during the projected period, environmental concerns and regulatory constraints will hinder market expansion.

Food Container Market: Segmentation

The Global Food Container industry is segmented based on the material, product and region.

Based on the material, the global Food Container market is bifurcated into Metal, Plastic, Glass and Others. The plastic segment is expected to dominate the market over the projected period. Due to its numerous benefits over other materials, plastic is the material that is utilized in packaging the most. Plastic uses a lot less energy to make than other materials and is lighter than other materials. In addition, it's rather cheap in comparison to other materials like glass and metal. The American Chemistry Council claims that 10 gallons of liquids may be packaged with just two pounds of plastic resin. On the other hand, the same amount of drink requires eight pounds of steel, three pounds of aluminum, and almost forty pounds of glass. Plastic containers are made from a variety of plastic resin types, including polystyrene, PP, PET, HDPE, and LDPE.

Based on the product, the global Food Container industry is categorized into Boxes, Bottles & Jars, Cans, Cups & Tubs and Others. The Bottles & Jars segment is expected to capture a significant market share over the forecast period. In the rigid food packaging market, bottles and jars are the most popular goods. A wide range of items are packaged in different kinds of glass and plastic jars and bottles, including jam, honey, sauces, cheese, mayonnaise, spices, oil, spreads, syrups, processed fruits and vegetables, fish, and meat. Besides, the cans segment is expected to grow at the fastest rate over the forecast period because of the increased demand for different kinds of canned goods and drinks.

Food Container Market: Report Scope

Regional Analysis

The Asia Pacific is expected to dominate the Food Container market over the projected period

The Asia Pacific is expected to dominate the market during the forecast period. This can be attributed to the region's fast-expanding food processing industry, which has substantial government assistance. The main drivers of the expansion of the APAC regional market are nations like China, Japan, and India. India now has eighteen giant food parks operating and nineteen food parks under development, according to Invest India. Among many others, Kraft Heinz Company, Danone, Nestle, McCain, and Mars are the main investors in the Indian food sector. Between 2019 and 2020, India exported over 1,290 kilotons of seafood valued at USD 6.68 billion.

Besides, North America is expected to grow at a steady rate over the forecast period due to several factors, including rising demand for packaged and convenience/ready-to-eat food products, particularly among the working population, rising consumption of canned and processed meat products, and rising demand for food storage containers with convenient functionality. Another important driver propelling the growth of the North American market is the rising use of paperboard and recycled PET pouches, bags, and disposable food containers in fast food restaurants and cafés.

Food Container Market: Competitive Analysis

The global Food Container market is dominated by players like:

• Ardagh Group
• Amcor plc
• Silgan Holdings Inc.
• Berry Plastics Corp.
• Graham Packaging Company Inc.
• Plastipak Holdings Inc.
• Weener Plastics
• Ball Corp.
• Tetra Pak and Sonoco Products Company

The global Food Container market is segmented as follows:

By Material

• Metal
• Plastic
• Glass
• Others

By Product

• Boxes
• Bottles & Jars
• Cans
• Cups & Tubs
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa