/ Press Release / Food & Beverages

Rising Demand for Convenience Food to Aid Food Containers Market Growth

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Food containers are mainly used for product preservation, storage and transportation to extend the shelf life of food. Food containers must be strong enough to prevent the contents of the package from rotting or breaking. Food containers come in a variety of materials and are used for a variety of purposes. Moreover, increasing consumer demand for packaged products due to changes in diet and lifestyle can have a significant impact on the food container market. Rise in per capita disposable income and population growth are expected to support product demand due to high barrier properties, durability and consumer safety. Sustainable packaging addresses losses due to food waste and safety issues by preventing foodborne illness and chemical contamination and preserving food quality.

The growing presence of drive-thru windows, takeout, microwave dinners, grocery delivery, and online shopping are also impacting convenience food sales as both availability and affordability increase. Changes in lifestyle and increasing urbanization leading to less time to prepare meals at home, willingness to try a variety of new products, changing tastes and preferences, and exploration of new tastes by the consumers etc. driving the demand for convenience food sector globally. The convenience food category includes pre-cut vegetables, bottled and canned products, frozen meat and snack foods, ready to cook (RTC) or ready to serve (RTS) foods and many more. Many leading food companies are expanding their infrastructure to develop new categories of convenience food such as powdered soups, artificial sauces, cereal-based breakfast options, and different types of pudding mixes.

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The global food container market was valued at US$ 295.18 billion in 2021 and is expected to reach over US$ 430.5 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2030. Increased innovation in the packaging sector provides opportunities for food container market growth. Packaging plays an important role in maintaining food quality and advances ensuring food safety throughout its shelf life. Flexible packaging is in high demand due to technological and an increase in innovative solutions to product packaging needs. Flexible packaging uses significantly less material than rigid containers and requires less energy to form the packaged product. In addition, the manufacturing process of flexible packaging emits less greenhouse gases, contributing to environmental improvement. Rising demand for packaging to improve nutritional value and taste will accelerate market turnover. Strict government standards and growing consumer awareness of hygiene and food safety will spur industry growth and boost the market. Additionally, green packaging is being used more and more to achieve sustainability. They reduce pollution and offer a variety of benefits such as reduced plastic consumption, increased recycling, energy savings and efficient transportation, thus accelerating the growth of the industry. Hence, growing demand for sustainable packaging drive the market for food container.

The key players profiled in the global food container market include Alcan Packaging Food Americas, Caraustar Industries Incorporated, Anchor Glass Container Corporation, Constar International Incorporated, Plastipak Holdings Incorporated, Silgan, Ball Corporation, Bemis, Ardagh, Berry Plastics, Graham Packaging, Evergreen Packaging, Ring Companies, PWP Industries, Rio Tinto Group, Sonoco Products Company, and Printpack Incorporated.

In terms of material, the global food container market is bifurcated into plastic, metal, glass, and others. In terms of product type, the global food container market is bifurcated into bottles & jars, cans, cups & tubs, boxes, and others. In terms of packaging type, the global food container market is bifurcated into rigid and flexible.

In terms of application, the global food container market is bifurcated into grain mill products, dairy goods, fruits & vegetables, bakery products, meat processed products, and others. In terms of end users, the global food container market is bifurcated into hotels, restaurants & cafes, retail food chains, cinemas, institutional, canteens, and others. By region, the global food container market is bifurcated into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.

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