The global food container market size is expected to reach USD 216.5 billion by 2030, according to a new study by Polaris Market Research. The report “Food Container Market Share, Size, Trends, Industry Analysis Report, By Material (Plastic, Paper, Glass, Metal, Others); By Type (Rigid Packaging, Flexible Packaging); By Product; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Nowadays, it is difficult to predict how much time a consumer spends at home owing to long office working hours, part-time jobs, or any other mini-jobs. This busy pattern of consumers pushes them to have convenience food at home or office. The rising number of convenience stores in local areas of the cities to attract walk-in customers is also leading to rising demand for convenience food leading to the growing demand for food container packaging.
Media and advertising agencies have focused on packaging designs that have gained the traction of consumers over the years. Consumers are aware and demanding in terms of brand choice and product quality. They prefer a better shelf-life of packaged consumables. This has led to the demand for improved food containers driving demand.
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The threat of new entrants is moderate owing to the global presence of several large-scale players who are already dominating the market. Therefore, it is challenging for local vendors to enter the market with easy access to raw materials, machinery equipment, and other resources as it is a capital-intensive process. The requirement of sufficient capital at hand for entering the food packaging market for small players is also a matter of concern.
Food containers are distributed through direct channels consisting of manufacturers, wholesalers, retailers, stockists, and others. The direct channel of distribution further serves it to the end-use industries, including food & beverages and hospitality. The E-commerce platform is also an emerging indirect channel of distribution that is being used to directly reach out to consumers anywhere, anytime.
Polaris Market Research has segmented the food container market report based on material, type, product, end-use, and region:
Food Container, Material Outlook (Revenue - USD Billion, 2018 - 2030)
Food Container, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Food Container, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Food Container, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Food Container, Regional Outlook (Revenue - USD Billion, 2018 - 2030)