- Opportunity and Forecast, 2016 - 2025
Food containers are used to store food for a long time period. Change in lifestyle and a sedentary life have enforced people to opt for food containers that preserve food for a long time without degradation of quality and loss of nutrients. Consumers prefer containers that are durable, efficient, and protective; and consider convenience provided by food containers in packaging, carrying, and consumption as a main factor while choosing food container for their application. In addition, increase in consumption of packaged and processed food is on a significant increase, in turn affecting demand for containers.
Convenience of packaging and carrying food, along with increase in disposable income, and growth in demand for packaged food drive growth in the global food container market. However, food contamination, owing to low quality of the food container, may hamper the market growth. On the other hand, technological advancements leading to development of new materials for containers and properties such as high barrier and shelf stability are expected to present opportunities in the industry.
The global food containers industry is segmented on the basis of product, application, and geography. Based on product type, the market is divided into plastic, bags & pouches, metal, paperboard, glass, and other raw materials. Based on application, it is classified into beverage, dressings & dairy condiments, baked, canned, sauces, chilled or frozen, dried, and confections. Geographically, it is analyzed across North America, Europe, Latin America, Asia-Pacific, and Middle East and Africa.
Key manufacturers operating in the industry are Alcan Packaging, Anchor, Fold-Pak, Ball Corporation, Bemis Company Inc., Berry Plastics Corporation, Associated Packaging Technologies, Caraustar Industries Inc., Evergreen Packaging, and others. These key industry players have implemented collaborations, new product launches, partnerships, expansion, joint ventures, mergers & acquisitions, and other key developmental strategies to strengthen their market position.
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