Global Food Container Market Information by Type (Rigid and Flexible), by Material (Plastic, Paper & paperboard, Metal, Glass and others), by Product (Bags, Pouches, Containers and others), by Application (Fruits & vegetables, Dairy Products, Meat products, Frozen Food, Candy & Confections, and others) and by Region – Forecast to 2022
Bemis Company Incorporated, Berry Plastics Corporation, Crown Holdings Incorporated, Graham Packaging Company Incorporated, Graphic Packaging Holding Company, Ball Corporation, Constar International Incorporated, Anchor Glass Container Corporation, Alcan Packaging Food Americas, and Associated Packaging Technologies are some of the prominent players at the forefront of competition in the global Food Containers market and are profiled in MRFR Analysis.
Global Food Containers Market – Overview
The global food containers market is a very dynamic market and is expected to witness high growth over the forecast period. Various government initiatives towards food safety and increase in demand for small portion food items/demand for single use packaging influence the growth of the market. However, inclination towards fresh cooked food is expected to hinder the growth of the market.
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The packaging of processed food products has become an important step to ensure safety and hygiene of food products. In order to improve hygiene in food processing, different measures are being taken by the governments of various countries. Various governments have come up with several schemes to provide financial assistance for setting up and modernizing food processing units.
With the change in the consumer lifestyle and the increasing trend of smaller families, the food items packaged in smaller portions are being demanded more. For meat, poultry, and seafood products, food containers come handy and the segment is expected to drive the market growth in coming time.
With the increasing adoption of convenience shopping, the retail sector is growing rapidly. The retail sector is booming, owing to factors such as favourable demographics, rising consumer incomes and real estate developments, especially the emergence of new shopping malls. The growth in turn induces the demand for such packaged food from these retail outlets.
Global Food Containers Market – Competitive Analysis
There are various large and mid-sized players who operate in the food container market. Plastic containers segment and product portfolio offered by most of the players is high exhaustive due to the cost factor and ease of packaging. It has been witnessed that the players have been investing on product innovation and R&D to offer better material and facilitate ease of packaging food items. Along with this active packaging technologies are also being used heavily by the packaging companies in order to increase the shelf life and retain the nutrients of the food.
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In December 2017, Plastico and Closed Loop Environmental Solutions are to launch the ‘UK’s first Closed Loop’ compliant plastic cup. The disposable polypropylene glasses and catering disposables supplier to the foodservice and retail sectors said each purchase of the cup, to be launched in January 2018, will include a contribution from the supply chain that will be directly invested into providing a robust collection and recycling system with a long term goal to recover all cups placed by Plastico in to the marketplace. Plastico has recently invested USD 5.6 million in its UK-based manufacturing facilities that has secured increased capacity to meet future growth plans and achieve the lowest carbon footprint in the industry.
Barrier IML packaging has enabled a South African company to differentiate with its mayonnaise. The company, Clover Cream O’Naise, chose a Barrier IML storage tub created by injection moulder Polyoak, with labels by Verstraete IML – part of Multi-Color Corporation – to launch a new creamy mayonnaise on the market. Clover wanted the packaging to stand out on supermarket shelves due to its shape, and chose IML packaging due to its unique profile.
Bemis Company Inc. on the other hand has done various acquisitions so as to diversity its facilities. It had acquired SteriPack Group mainly to diversify its facility in Ireland and packaging production in Malaysia and the U.S. Acquisition will support the growth of the company by expanding in the market, which will fit best of the company’s capabilities and strength.
Global Food Containers Market – Segments
Global Food Containers Market is segmented in to 5 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type : Comprises – Rigid and Flexible
Segmentation By Material : Comprises – Plastic, Paper & paperboard, Metal, Glass and others
Segmentation By Product : Comprises – Bags, Pouches, Containers and others
Segmentation By Application : Comprises – Fruits & vegetables, Dairy Products, Meat products, Frozen Food, Candy & Confections, and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World
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Global Food Containers Market – Regional Analysis
Asia Pacific commands largest market share due to factors such as the introduction of active and intelligent packaging solutions by vendors such as Amcor. The growing demand for flexible packaging will boost food containers market growth in Asia Pacific region during the forecast period. China holds the largest share in Asia Pacific due to growing demand for fresh vegetables and fruits. China meat packaging is expected to show a significant growth during the forecast period, owing to factors such as rise in personal disposable income and rise in consumption of beef, pork and other meat.
Other factors such as favorable socio- economic factors such as changing eating habits, higher purchasing power, urbanization, increasing health consciousness towards protein rich diet, India has witnessed an increase in demand for food containers. Also, the changing demographics such as growing women workforce has led to an inclination towards packaged food and convenience food items, which reduces the cooking time. This has also played a major role in changing the demand dynamics of the market.
North America is expected to witness moderate growth in the overall food containers market. However, the region will see demand increasing from fresh food, especially meat, poultry and seafood packaging as the people in the region are more inclined towards convenience products. The demand for food containers in the region is also expected to be driven, owing to factors such as stringent regulations on food safety.
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