Industry Background:
Food storage containers are the container which is used to store, preserve and transport foods for a long lifetime. Food containers should be strong enough to ensure that the food contained in the package is not damaged, leaked or spoiled. Food container provides the quality of food without any loss of nutrients. Consumers prefer containers which are durable, efficient and protective and consider accessibility provided by food containers in packaging, carrying and consumption. By storing food products at room temperature may result in bacteria or fungal growth, which can cause food poisoning. Such risks can be avoided by using food containers. High demands of consumers for packaged and processed quality food are in turn affecting the demands for food containers.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bemis Packaging Solution (United States), Silgan Holdings Inc. (United States), Ardagh Group (Ireland), Berry Plastics Corporation (United States), Plastipak Holdings Incorporated (United States), Sonoco Products Company (United States), Graham Packaging Company Incorporated (United States), Weener Plastic Packaging (Germany), Berry Plastics Corporation (United States) and Crown (United States) |
This growth is primarily driven by The Rising Number of Women in Workforces, Increased Number of Families Consuming Packaged Foods, Growth in Food Industries and High Demands of Consumers for Quality Packing Food.
Globally, a noticeable market trend is evident Adoption of New Regulatory Requirements By Manufactures for Food Container
Major Vendors, such as Bemis Packaging Solution (United States), Silgan Holdings Inc. (United States), Ardagh Group (Ireland), Berry Plastics Corporation (United States), Plastipak Holdings Incorporated (United States), Sonoco Products Company (United States), Graham Packaging Company Incorporated (United States), Weener Plastic Packaging (Germany), Berry Plastics Corporation (United States) and Crown (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Food container market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as new product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In May 2022, Mitsui & Co., Ltd. and FPCO combine acquired all the shares in Lee Soon Seng Plastic Industries Sdn. Bhd. (LSSPI) from SCGM Bhd. LSSPI, food containers manufacturing company working in Southeast Asia. This acquisition helped company to expand its presence in food container market
In March 2023, Hinojosa Packaging Group launched the Foodservice line at an industrial level, a pioneering primary packaging range for prepared foods and beverages that is both 100% recyclable and also environmentally neutral at the end of their life cycle. This launch helped company to expand its presence in food container market
Influencing Trend:
Adoption of New Regulatory Requirements By Manufactures for Food Container, Growing Health Awareness and Development of New and Eco-Friendly Packaging Material, Investment in Biodegradable Plastics to Cater and Rising Trends in Plastic Food Containers
Market Growth Drivers:
The Rising Number of Women in Workforces, Increased Number of Families Consuming Packaged Foods, Growth in Food Industries and High Demands of Consumers for Quality Packing Food
Challenges:
Maintaining Pace with the Changing Consumer Preferences for Food Container
Restraints:
Environmental Impact Regarding Disposal of Food Storage Container and Use of Cheaper Quality Materials for Food Container
Opportunities:
Growth in the Demand For Fresh Products Such as Meat and Dairy Products
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Food Container Market
- Analysis about New Entrants in Food Container Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Food Container Study Sheds Light on
The Food Container Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Food Container industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Food Container industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.