Food Container Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 2028

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The global Food Container Market experienced significant growth in 2020 and is expected to continue with a steady revenue compound annual growth rate (CAGR) in the forecast period.

The global Food Container Market experienced significant growth in 2020 and is expected to continue with a steady revenue compound annual growth rate (CAGR) in the forecast period. The growth is attributed to several factors such as the rise of urbanization, changing lifestyles of consumers in developing countries, increased demand for processed and packaged food, and preference for convenient food packaging materials and containers.

Additionally, factors such as the introduction of more innovative and convenient food storage containers, parents' preference to provide home-cooked meals to school-going children, and the increasing workforce's high preference for carrying meals to work are driving the market's growth. The demand for food containers from commercial food chains, restaurant kitchens, cloud kitchens, cafeterias, and takeaway outlets has been increasing significantly since the COVID-19 pandemic due to the restrictions on dining in and the rise in take-away and home delivery orders.

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Food containers are used for storing food at room temperature or in the refrigerator, and they are highly convenient, handy, and reusable. They come in varying shapes, sizes, and designs, and the most widely used food containers are plastic, glass, and metal. Plastic containers are ideal for food storage in the refrigerator and freezer, and their airtight lids ensure food is preserved and freshness maintained for longer periods of time. Glass containers such as glass jars are more environment friendly as compared to plastic containers and are suitable for refrigeration and warming in the microwave. Metal containers such as stainless steel or aluminium containers are tamper-proof and usually treated with protective enamels to ensure long life, higher contamination resistance, and better sealing ability during storage.

Major Companies:

Alcan Packaging Food Americas, Amcor Plc, Ardagh Group, Berry Plastics Corp., Caraustar Industries Inc., Anchor Glass Container Corporation, Constar International Inc., Tetra Pak, Plastipak Holdings Inc., Evergreen Packaging, Ring Companies, PWP Industries Inc., Silgan Holdings Inc., Graham Packaging Company, Rio Tinto Group, Sonoco Products Company, Printpack, and Weener Plastik GmbH

Notable Innovations:

  1. Eco-Friendly Materials: With the rising concerns around plastic waste, several manufacturers have started using eco-friendly materials such as bioplastics, bamboo fiber, and recycled materials to produce food containers. These materials are biodegradable and compostable, and they offer a sustainable alternative to traditional plastic containers.
  2. Smart Containers: These are containers that are embedded with sensors and other technologies that enable them to monitor the freshness, temperature, and other parameters of the food inside. Smart containers can help reduce food waste and improve food safety by alerting consumers when the food is about to expire.
  3. Microwaveable Containers: These are containers that are designed to be used in the microwave, allowing consumers to easily heat up their food without having to transfer it to another container. Microwaveable containers are typically made of materials such as glass, ceramic, and certain types of plastic that can withstand high temperatures.
  4. Vacuum-Sealed Containers: These are containers that are designed to remove air from the container, creating a vacuum-sealed environment that helps preserve the freshness and flavor of the food. Vacuum-sealed containers are ideal for storing perishable items such as meat and fish, as well as for sous vide cooking.
  5. Stackable Containers: These are containers that are designed to be stackable, allowing consumers to save space in their refrigerator or pantry. Stackable containers typically have a uniform shape and size, making them easy to store and organize.
  6. Reusable Containers: These are containers that can be used multiple times, reducing the need for single-use containers and helping to reduce waste. Reusable containers can be made of a variety of materials, including glass, metal, and certain types of plastic.
  7. Tamper-Evident Containers: These are containers that are designed to provide evidence of tampering, helping to ensure the safety and integrity of the food inside. Tamper-evident containers typically have a seal or other mechanism that indicates if the container has been opened or compromised in any way.

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