Food Container Market Growth Accelerated by Innovative Product Developments

Food Container Market


Food container products such as plastic bottles, glass jars, cardboard cartons, aluminum cans, and plastic containers are ideal for storing, protecting, transporting, and preserving a variety of food items. These containers help keep food fresh for longer periods by preventing moisture, oxygen, or other contaminants from damaging the contents.

The global Food Container Market is estimated to be valued at US$ 194.5 Mn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Innovation in food container materials to enhance sustainability and reduce carbon footprint has been a key trend shaping the market. Major players are investing in research and development to introduce bio-based and recyclable alternatives to conventional plastic food containers. For instance, in 2023, Tetra Pak introduced paper-based packaging for dairy products made from sustainably sourced paper board and PE plastic. Such innovative packaging has high barrier protection and is completely recyclable. Similarly, Amcor launched a range of widely recyclable flexible plastic food packaging made from polyethylene without the traditional aluminum barrier laminate or foil. Such eco-friendly innovations are expected to drive increased demand for sustainable food containers, thereby propelling the market growth over the forecast period.

Segment Analysis
The global Food Container Market is segmented based on Material Type, Packaging Format, End-use Industry and Region. Based on Material Type, the market is segmented into plastic, paper, metal and glass. The plastic segment dominates the market as plastic containers are lightweight, durable and inexpensive when compared to other material types. Based on Packaging Format, the market is segmented into boxes, bags & pouches, bottles & jars, cans and others. The plastic segment dominates the market as plastic containers are lightweight, durable and inexpensive when compared to other material types.

Key Takeaways
The global Food Container Market is expected to witness high growth over the forecast period. Global Food Container Market Demand is estimated to be valued at US$ 194.5 Mn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2031.

Regional analysis:
The Asia Pacific region is expected to grow at the fastest pace during the forecast period. The rising population in countries like China and India is driving the demand for food containers in the region. Increasing food service industry along with changing lifestyle is further fueling the market growth.

Key players:
Key players operating in the Food Container market are DJO Global, Inc., BSN medical (now part of Essity), Smith & Nephew plc, medi GmbH & Co. KG, SIGVARIS Group, Bio Compression Systems, Inc., Tactile Medical, RIKEN SEIKI CO., LTD., Paul Hartmann AG, 3M Company, Gottfried Medical, Inc., Mego Afek AC Ltd., Abov Semiconductor, Persys Medical, BTL Industries, Human Meditek Co., Ltd., Huntleigh Healthcare Limited (part of Arjo), KCI Licensing, Inc., Beijing Huibo Medical Device Co., Ltd., Bioinicia S.L.

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