Global Food Container Market: Overview
The emergence of packaged food as one of the most lucrative
segments of the global food and beverage industry in the past few years has
fueled large-scale developments across the market for food containers. The
continuously widening array of available product varieties in the market and
their broadening scope of applications are presenting significant growth
opportunities to companies operating in the field of food packaging.
This report on the global food
containers market presents a thorough overview of the present
state of the market and forecasts the future growth prospects of the market and
its key segments over the period between 2016 and 2024. The report also
includes rich qualitative and quantitative data pertaining to historical facts
and values of market and its segments. The report includes a detailed analysis
of factors such as growth drivers, threats, popular trends, and opportunities
in the market, presenting before the reader a holistic picture of the aspects
expected to have the most profound influence on the development of the market
in future years.
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The global food containers market research report segments
the market on the basis of criteria such as product type, application, and
geography. The report provides details such as growth opportunities, growth
challenges, and promising regional markets for each of the segments and
sub-segments discussed in the report. The report also allows the reader to gain
a deeper insight into the vendor and competitive landscape of the market with
the help of detailed business profiles of some of the key vendors operating in the
market. The exhaustive data in the report is expected to help the reader gain a
clear idea about the growth potential in new and emerging regional markets or
segments in the near future.
This market has been witnessing a considerable amount of
innovation given consumers’ changing preferences and the effect of government
regulations pertaining packaging materials such as plastics.
Global Food Container Market: Drivers and Restraints
The global market for food containers is expected to be
chiefly driven due to the significant rise in food output globally. The
increasingly sophisticated consumer today is demanding convenient packaging
that is easy to carry, store, and allows ready consumption of food. Hence, it
has become highly important for food container manufacturers to keep pace with
these changing consumer preferences.
The rising number of women in workforces, increased number
of families consuming packaged foods, and a vast surge in double-income
families are also key to the healthy growth prospects of the global market for
food containers. Other crucial factors expected to drive the market for food
containers include the rising population across urban settings and the
increasing number of single-person households.
Global Food Container Market: Segmentation
The report segments the market in terms of product into food
container varieties such as paperboard food containers, bags and pouches,
plastic food containers, metal food containers, glass food containers, and raw
materials food containers. Of these, bags and pouches are expected to witness
high demand from consumers owing to benefits such as visual appeal, ease of
portability, convenience, and freshness protection. Ease of product
differentiation and excellent branding opportunities make bags and pouches
amongst food companies as well. These factors are expected to compel food
container companies to focus more on this segment in the next few years.
The segment of paperboard food containers is expected to
witness a slowdown in global demand as applications mature and novel packaging
options such as flexible packaging gain an edge. In terms of application, the
segment of frozen desserts and ice creams is expected to exhibit a slightly
different dynamics, with paperboard tubs and folding cartons retaining their
positions as most preferred containers.
Companies Mentioned in the Report
The global food container market features a highly
fragmented vendors landscape and intense competition in terms of product
variety and cost. Some of the notable vendors in the market are Alcan Packaging
Food Americas, Caraustar Industries Incorporated, Anchor Glass Container
Corporation, Constar International Incorporated, Plastipak Holdings
Incorporated, Evergreen Packaging, Ring Companies, PWP Industries, Rio Tinto Group,
Sonoco Products Company, and Printpack Incorporated.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
- Customer Experience
Maps
- Insights
and Tools based on data-driven research
- Actionable Results
to meet all the business priorities
- Strategic
Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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verticals with a database of over 1,000 reports and 1 million + data points,
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