Food Container Market : Global Industry Analysis, Market Size, Share, Trends, Application Analysis and Growth by Forecast to 2021-2027
Market Analysis
The Global
Food Container Market is likely to grow at a healthy CAGR in the
forecast period 2020- 2027, as per the latest Market Research Future (MRFR)
analysis. Food containers are chiefly used for storage, preservation, and
transport to increase the product’s shelf life. They should be durable to
ensure that the food in the package is not spoiled or damaged. Food containers
have wide applications with various material types.
Request
a Free Sample @ https://www.marketresearchfuture.com/sample_request/1799
Various factors are fuelling the global food container
market share. As per the recent MRFR market estimates, these factors include
the growing need for convenience food products in emerging economies, product
innovation by manufacturers, growing significance of flexible packaging
material in the nutrition industry, the emergence of packaged food, growing
number of women in workforces, growing population across urban settings, and
the growing number of single-person households. Besides, the demand for
airtight containers, growing health awareness, demand for eco-friendly food containers,
and growing demand during COVID-19 pandemic due to growing government measures
and growing awareness about hygiene are also adding market growth.
On the contrary, changing preference of consumers and
fluctuations on raw material price may impede the global food container market
growth over the forecast period.
Key Players
The notable players profiled in the global food container
market report include PRINTPACK (U.S.), Plastipak Holdings, Inc. (U.S.), Anchor
Glass Container Corporation (U.S.), Constar International UK Ltd. (U.K.), Ball
Corporation (U.S.), Graphic Packaging International, LLC (U.S.), Graham
Packaging Company (U.S.), Crown (U.S.), Berry Plastics Corporation (U.S.), and
Bemis Company, Inc. (U.S.), among others.
Market Segmentation
The Market Research Future report throws light on an
inclusive segmental analysis of the global food container market based on
product, application, material, and type.
By type, the global food container market is segmented into
flexible packaging and rigid packaging. Of these, the rigid packaging segment
will lead the market over the forecast period for its extensive use on the food
container market owing to its alluring properties.
By material, the global food container market is segmented
into metal, plastic, glass, paper and paper boards, and others. Of these, the
plastic segment will dominate the market over the forecast period.
By application, the global food container market is
segmented into frozen foods, dairy products, baked and confectionery, fruits
and vegetables, and meat products. Of these, frozen food and dairy products
will spearhead the market over the forecast period.
By product, the global food container market is segmented
into pouches, containers, bags, and others. Of these, bags and pouches will
have the lions share in the market over the forecast period.
Regional Analysis
By region, the global food container market covers the
recent trends and growth opportunity across North America, Europe, the Asia
Pacific (APAC), and Rest of the World (RoW). Of these, North America will
dominate the market over the forecast period. Increasing consumption of
packaged goods, growing adoption of small-sized food containers in the
household, increasing personal income, and rising urbanization are adding to
the global food container market growth in the region. The US holds the utmost
market share.
The food container market in the APAC region is predicted to
have promising growth over the forecast period. Changing lifestyle, demand for
canned food, growing popularity of packed foods, and rise in personal income
are adding to the global food container market growth in the region.
The food container market in Europe and Rest of the World
are predicted to have stable growth over the forecast period.
The global food container market is fragmented and also
competitive with the presence of many domestic as well as international
industry players. They have incorporated assorted strategies to stay at the
forefront and also cater to the surging needs of the customers, including
collaborations, partnerships, contracts, geographic expansions, new product
launches, joint ventures, and more. Additionally, these players are also making
heavy investments in research and development activities for strengthening their
portfolios and also creating a hold in the market.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/food-container-market-1799
About Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting
Services. MRFR team have supreme objective to provide the optimum quality
market research and intelligence services to our clients. Our market research
studies by Components, Application, Logistics and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune 411028
Maharashtra, India
+1 646 845 9312
Email:sales@marketresearchfuture.com
Comments
Post a Comment