Global Food Container Plastic Market Size, Share, Trends, Analysis, Growth —Type (Rigid, Flexible), Material (Plastic, Paper & Paperboard, Metal, Glass), Application (Fruits & Vegetables, Dairy, Meat Products, Frozen Food, Baked and Confectionary Products), Region — Forecast till 2023
Food storage containers are mainly used for preservation, storage, and transport purposes to increase the shelf-life of a product. Food Container Plastics should be sturdy enough to ensure that the food contained in the package is not damaged or spoiled. Growing consumer awareness about the environmental and sustainability issues regarding food packaging is expected to influence the Food Container Plastic market. Food Container Plastics maintain the quality of food products, enabling them to travel safely over long distances from the manufacturing point. Increasing population, growing urbanization, and changing lifestyle leading to changing food habits of the consumers has resulted in the increased demand for packaged and non-packaged, ready to eat food products which require prolonged storage. Hectic lifestyle, especially in the developed countries has led to the adoption of convenience foods. The consumers therefore use Food Container Plastics for maintaining the quality of food on the go. Storing food products at room temperature may result in bacteria or fungal growth, which can cause food poisoning. Such risks can be avoided by using Food Container Plastics.
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The popularity of quality, leakage proof, airtight, and aesthetically appealing products is leading to the demand for a variety of Food Container Plastics. Additionally, government regulations towards greenhouse emissions in the food and beverage industry are expected to drive the demand for sustainable packaging which can contribute to the growth of the market.
The major challenge for Food Container Plastic manufacturers is to keep pace with the changing consumer preferences. Therefore, Food Container Plastic manufacturers have to come up with quality products which are fresh, leakage proof, airtight and innovative designs that are aesthetically pleasing.
The key players of global Food Container Plastic Market include Bemis Company, Inc. (US), Berry Plastics Corporation (US), Crown (US), Graham Packaging Company (US), Graphic Packaging International, LLC (US), Ball Corporation (US), Constar International UK Ltd. (UK), Anchor Glass Container Corporation (US), Plastipak Holdings, Inc. (US), PRINTPACK (US).
The global Food Container Plastic market has been segmented based on type, material, application, product, and region.
On the basis of type, the market has been segmented into rigid and flexible packaging. Rigid containers are utilized extensively in the food & beverage industry for facilitating convenience in handling food products and preventing damages. Rigid packaging products have high stiffness, high impact strength, and high barrier properties. On the basis of material, the market has been segmented into plastic, paper & paper boards, metal, glass, and others. Plastic accounts for the highest share with respect to consumption in the manufacturing of Food Container Plastics followed by paper & paper boards. Glass storage containers generally have a plastic lid that helps in keeping the container airtight. These containers are available in clear, frosted, and colored varieties. The demand for glass containers is more because of its ability to keep the food fresh for a longer period as compared to other container types. On the basis of the product, the market has been segmented into bags, pouches, containers, and others. Bags and pouches will remain the largest category due to benefits of lightweight, portability, and convenience. Pouches are expected to make further inroads into rigid packaging applications due to cost and performance advantages.
Moreover, by application, the market has been segmented into fruits & vegetables, dairy products, meat products, frozen foods, and baked and confectionary. The dairy and frozen meat segment accounted for the highest market share in 2017 and is expected to continue to dominate the market. Frozen food was the leading segment and is expected to show strong growth.
Regional Analysis North America accounts for the largest share of the market. The reasons contributing to the growth of the Food Container Plastic market in this region include growing use of packaged goods, reduce waste, increasing adoption of small-sized Food Container Plastics in homes, and the demand for fresh foods. Asia-Pacific is the fastest growing region in the Food Container Plastic market, followed by Europe. The reasons contributing to the growth in this region include increasing disposable income, changing lifestyle, increased popularity of packaged food, and increasing aggregate demand for canned food among consumers.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain Of Global Food Container Plastic Market
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