Food Container Market: Bottles & Jars Product Segment Led With A Revenue Share By 2028

 Food Container Industry Overview

The global food container market size was valued at USD 145.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. The market growth is expected to be driven by the growing demand for packaged food products across the globe. Moreover, the convenience offered by these containers in packaging, carrying, and transporting food products is another major factor driving the product demand in the global industry. Packaged foods primarily include Ready-To-Eat (RTE) meals, RTE convenience foods, frozen meals, cake mixes, snacks, and desserts, among others. The growing demand for these products is expected to force manufacturers to enhance production capacities, which, in turn, will fuel the demand for food containers over the forecast period. Due to the COVID-19 pandemic, the market witnessed sluggish growth in 2020.

Raw material shortage due to supply chain disruption resulted in the reduced production of food containers. Several major players witnessed a decline in their annual revenue in 2020. For instance, the annual turnover of Amcor plc reduced by approximately 6% in 2020 compared to 2019.

As the food items come under the essential products, the demand for the packaged food items has increased during the pandemic. Moreover, with the deep market penetration and the strong supply chain of established food brands in several economies, the demand for food containers has not witnessed a downfall. However, the turnover of various big companies, such as Amcor plc, has declined in 2020 due to supply chain disruptions and transportation restrictions.


Gather more insights about the market drivers, restrains and growth of the Global Food Container market

Food containers help in increasing the shelf life of products by preserving and preventing food from deterioration. Increasing consumer awareness regarding sustainability and environmental issues is expected to influence the market. Moreover, the increasing focus of manufacturers on innovation and aesthetics of the food containers is also significantly attracting food manufacturers to offer their products in different innovative food packaging, which, in turn, is expected to fuel the market growth in the near future.


Browse through Grand View Research's Food Safety & Processing Industry Research Reports.

  • Bakery Contract Manufacturing Market - The global bakery contract manufacturing market size was estimated at USD 19.3 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 9.5% from 2022 to 2030. The changing lifestyles, coupled with a growing middle-class population and increasing disposable incomes, are likely to drive the demand for baked goods thereby complementing the market for bakery contract manufacturing. 

 

  • Commercial Food Dehydrators Market - The global commercial food dehydrators market size to be valued at USD 868.4 million by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% during the forecast period. Increasing demand for longer shelf life of eatables along with increasing disposable income are expected to drive the market during the forecast period. Moreover, growing awareness regarding food wastage is expected to increase the demand for commercial food dehydrators. One-third of the total food produced around the globe remains unconsumed and is thrown away.

 

Food Container Market Segmentation

Grand View Research has segmented the global food container market on the basis of material, product, and region:

Food Container Material Outlook (Revenue, USD Million, 2017 - 2028)

  • Plastic
  • Metal
  • Glass
  • Others

 

Food Container Product Outlook (Revenue, USD Million, 2017 - 2028)

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

 

Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

 

Market Share Insights

  • April 2022: Amcor introduced the inclusion of new high-shield laminates that are more sustainable for its pharmaceutical container business. The high barrier and performance requirements supporting the pharmaceutical industry's recyclable ambitions aimed to be met by the revolutionary recycle-ready and low-carbon, packaging options.

 

  • October 2021: Easytech Closures S.p.A. was acquired by Silgan Holdings Inc. In Europe, this company manufactures and sells easy-open and sanitary metal ends for metal containers, particularly for food products.

 

Key Companies profiled:

Some prominent players in the global Food Container market include

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

 

Order a free sample PDF of the Food Container Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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