Report Ocean recently published an extensive intelligence report titled “Food Container Market Report: Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2031.” This report provides a comprehensive analysis of the market at a micro-level, focusing on insurers, major market sectors, products, and distribution methods within the industry.
The competitive segment of the report offers a summary of key competitors, their financial conditions, recent developments, competitive analysis, and market advancements. This analysis enables market participants to effectively identify relevant opportunities by assessing the strengths and weaknesses of major competitors.
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The global food container market size was US$ 141.5 billion in 2021. The global food container market is forecast to grow to US$ 201.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period from 2022 to 2030.
COVID-19 Impact Analysis
The global food container market witnessed a substantial drop due to lockdown restrictions implemented across various countries. Moreover, the demand for food from hotels and restaurants also decreased drastically. As a result, it hampered the growth of the global food container market during the COVID-19 pandemic. Moreover, the impact and public health and the rising prevalence of COVID-19 infection majorly due to food impeded the growth of the global food container market.
Factors Influencing the Market
The global food container market is expected to witness substantial growth, majorly due to the growing demand for packaged food items. In addition, the rising trend of cloud kitchen and online food order services will benefit the global food container market during the study period.
The market is forecast to witness substantial opportunities due to the rising trend of intelligent packaging, vacuum packaging, active packaging, edible coating, etc. Moreover, health concerns related to packed food are growing. Thus, it could be opportunistic for the industry players in the global food container market during the study period.
Growing disposable income and rising innovations in the packaging industry will also benefit the global food container market during the forecast period.
Regional Analysis
North America is forecast to emerge as the largest market for food containers as the demand for packed food products is growing in the region. Furthermore, the region is among the largest producers of fruits & vegetables, which will contribute to the growth of the food container market.
The meat and poultry sector in North America is also growing at a rapid pace. As a result, it will escalate the growth of the food container market during the study period. Growing disposable income and rising preference of people for online food ordering are expected to benefit the food container in this region during the forecast period.
The Asia-Pacific food container market is forecast to grow at a significant growth rate, owing to the growing proliferation of the e-commerce market for daily-use products. Furthermore, growing urbanization and increasing changes in consumer eating habits will also drive the demand for packaged food products. As a result, it will accelerate the growth of the global food container market.
Furthermore, increasing disposable income and the busy lifestyle of people will be opportunistic for the companies in the food container market during the study period.
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Competitors in the Market
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
Other Prominent Players
Market Segmentation
The global food container market segmentation focuses on Material, Product, and Region.
By Material Outlook
Plastic
Metal
Glass
Others
By Product Outlook
Bottles & Jars
Cans
Cups & Tubs
Boxes
Others
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By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
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Furthermore, years considered for the study are as follows:
Historical year 2017, 2020
Base year 2021
Forecast period 2022 to 2030.
Target Audience of the Market in This Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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