Food Container Market Size, Share & Trends Report

Food Container Market Size, Share & Trends Analysis Report By Material (Plastic, Metal, Glass), By Product (Bottles & Jars, Cans, Boxes, Cups & Tubs), By Region (Asia Pacific, Europe), And Segment Forecasts, 2021 - 2028

  • Published Date: Jul, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-235-8
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 80

Report 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 market. Packaged foods primarily include Ready-To-Eat (RTE) meals, RTE convenience foods, frozen meals, cake mixes, snacks, 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.

U.S. food container market size, by material, 2017 - 2028 (USD Billion)

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.

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.

Material Insights

The plastic segment led the market in 2020 with a revenue share of over 46%. On the basis of material, the market has been divided into plastic, metal, glass, and others. Plastic is the most extensively used material in the packaging market owing to its several advantages over other alternatives. Plastic is lighter than other materials and is incredibly energy efficient to manufacture. Moreover, it is quite inexpensive compared to other materials, such as metals and glass.

According to the American Chemistry Council, just two pounds of plastic resins are required to package 10 gallons of drinks. Whereas, eight pounds of steel, three pounds of aluminum, and approximately forty pounds of glass are required to deliver the same quantity of drink. Various types of plastic resins, such as HDPE, LDPE, PET, PP, and polystyrene, are used to make plastic containers.

Product Insights

The bottles & jars product segment led the market in 2020 with a revenue share of over 28%. Bottles and jars are the most widely used products in the rigid food packaging segment. Various types of foods, such as jam, honey, sauces, cheese, mayonnaise, spices, oil, spreads, syrups, processed vegetables/fruits, fish, and meat, are packed in various types of jars and bottles made of glass and plastics.

Global food container market share, by product, 2020 (%)

The cans product segment is estimated to register the fastest CAGR of more than 4.5% from 2021 to 2028 due to the rising demand for various canned foods and beverages. The cups and tubs segment is also expected to register a significant CAGR over the forecast period. This is owing to their specific usage mostly for thick and non-viscous food products. Cups and tubs are majorly used to pack desserts, bakery, and confectionery products, such as pudding, ice cream, and cakes. Plastic and glass are majorly used to manufacture cups and tubs.

Regional Insights

Asia Pacific dominated the global market in 2020 accounting for a revenue share of over 36% and is estimated to be the fastest-growing regional marker from 2021 to 2028. This can be credited to the rapidly growing food processing industry in the region due to strong government support. The countries, such as India, China, and Japan, are the major contributors to the growth of the APAC regional market.

According to Invest India, India has 18 mega food parks that are in operation and 19 food parks in progress. The major investors in the Indian food market are Kraft Heinz Company, Danone, Nestle, McCain, and Mars among several others. India shipped approximately 1,290 kilo tones of seafood worth USD 6.68 billion between 2019 and 2020.

North America is anticipated to grow at a steady CAGR of 3.0% over the forecast period. This growth can be attributed to the increasing demand for packaged and convenience foods among the working population. Moreover, increasing demand for canned foods, such as canned fish and meat, in the U.S. is accelerating the market growth in the region. According to the data published by Delaware Sea Grant, about 55% of all seafood consumed in the U.S. in 2017 was limited to canned tuna, salmon, and shrimp.

Key Companies & Market Share Insights

The global food container market is highly competitive due to the presence of global, regional, and local manufacturers. Manufacturers in the market offer a wide range of products in different sizes, shapes, and formats. The competition among players is based on numerous parameters including corporate reputation and product offerings, price, quality, recyclability, & sustainability. New product launches, innovations, distribution network expansions, joint ventures, and mergers & acquisitions are some of the key strategies adopted by most of the players to strengthen their position in the market and gain a higher share. 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

Food container Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 147.5 billion

Revenue forecast in 2028

USD 201.9 billion

Growth rate

CAGR of 4.2% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material, product, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country Scope

U.S.; Canada; Mexico; Germany; France; U.K.; Italy; China; Japan; India; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa

Key companies profiled

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

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global food container market report based on material, product, and region:

  • Material Outlook (Revenue, USD Million, 2017 - 2028)

    • Plastic

    • Metal

    • Glass

    • Others

  • Product Outlook (Revenue, USD Million, 2017 - 2028)

    • Bottles & Jars

    • Cans

    • Cups & Tubs

    • Boxes

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America 

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • U.K.

      • Italy

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

    • Central & South America

      • Brazil

      • Argentina

      • Colombia

    • Middle East & Africa

      • Saudi Arabia

      • UAE

      • South Africa

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