Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 160.2 Billion | USD 227.9 Billion | 4.5% | 2022 |
FrequentlyAsked Questions
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.
The increased demand for convenience food items in emerging nations, as well as rising concerns about greenhouse emissions in the F&B industry as a result of rigorous laws aimed at lowering carbon dioxide consumption, are likely to drive the Food Containers Market in the forecast years. Furthermore, the rising necessity of secure disposal and lightweight packaging in the F&B business anticipates a market increase in the coming years.
According to the report, the global market size was worth around USD 160.2 billion in 2022 and is predicted to grow to around USD 227.9 billion by 2030.
The global Food Container market is expected to grow at a CAGR of 4.5% during the forecast period.
The global Food Container market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing food & beverage industry.
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 among others.
The Food Container market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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