Food Container – Ultimate Storage Solution
The global food containers market is projected to grow at a compound annual growth rate of 4.06%. Over the forecast period, this market is estimated to increase at a rapid pace and is anticipated to reach US$ 274.042 billion in 2027 from US$ 207.476 billion in 2021.
To Food containers serve the primary purpose of preserving, storing, and transporting food products. They are sturdy and aid in preserving the product’s freshness by preventing spoilage so that it can be shipped across great distances. They are made up of different materials, such as glass, plastic, paper, and cardboard, and come in a variety of sizes, colours, forms, and patterns. Product type, application, and geographic location are some of the segments used to categorise the global market for food containers.
During the analysis period, the global food container market will be fuelled by the high demand for convenient packaging and storage solutions.
Consumer tastes have drastically changed as a result of demanding work schedules, increased personal income, and a fast-paced lifestyle, which has accelerated the adoption of practical and convenient packaging as well as storage solutions. The simplicity of packaging and transportation these food containers provide has become very important to many clients. Growing nuclear families, more women entering the workforce, and improved living standards will all improve market prospects for food containers.
Additionally, it is projected that over the years, the global food container market will be driven by the rising demand for processed and packaged goods. According to a recent study by experts at NYU School of Global Public Health, consumption of ultra-processed foods has grown over the past 20 years across virtually all demographic groups in the United States. The global market for food storage containers is also anticipated to be driven by the enormous growth in global food production. Demand for practical packaging that makes food simple to carry, store, and immediately eat is expected to rise.
Several major manufacturers, companies and businesses are using biodegradable materials such as paperboard, bamboo and bioplastics that can be recycled, refurbished, and reused to create packaging and storage solutions that are better for the environment. This is done to keep up with the growing trend of rising environmental consciousness and bolster demand even further.
Researchers and analysts predict that plastic food containers will hold a substantial market share during the projection period.
Many of us save our leftovers in plastic containers that we keep in our kitchen cabinets. Plastic containers are frequently used by fast food franchises and restaurants to pack food for takeout or delivery orders. In comparison to other kinds of food materials, plastic materials have a variety of advantages, which explains the rapid growth of this segment. Plastic is used to make the majority of food packaging boxes and containers since it is very lightweight and requires a lot less energy to produce. Plastic containers take 40 per cent less energy to produce as compared to paper containers, according to US Environmental Protection Agency research.
In comparison to other container types like metal and glass food containers, plastic is also more affordable. Any company or corporation, regardless of the scale of its activities, can use plastic containers. The affordability of plastic food packaging solutions benefits small-scale businesses the most since it allows them to have access to standardised packaging solutions despite their limited financial resources.
Plastic containers can survive extreme weather and don’t easily corrode in cold or hot temperatures, safeguarding the food’s quality while maintaining the container’s integrity. Additionally, it protects the food from airborne germs and bacteria, moisture, light, air, and dust particles. They can also be readily moulded into any form and size, making them incredibly flexible.
The adverse effects of plastic polymer on the environment as well as human health will limit the growth of this market segment as producers turn to more environmentally friendly and biodegradable materials for food storage and packaging.
During the analysis period, the emergence of advanced technologies and new materials will provide new opportunities to the market players.
Packaging that can be used and opened without being removed from the product it is protecting is referred to as interactive packaging. Frequently, things that need to be kept cold or frozen are packaged in this manner. Some examples of interactive food packaging include boxes with built-in heating elements, cartons that collapse as the product is distributed, and pouches that can be pressed to dispense the goods within.
There are new technologies for utilising conventional food container materials. paperboard boxes filled with liquids under sterile conditions and sealing them with a web of heat-sealed foil. Edible food coatings are made from proteins, starches, and lipids that form an outer shell around food products. Bio-based plastic films use plant-based polymers typically combined with recycled polyolefins.
Food containers’ negative environmental impact is expected to deter global food container market growth during the analysis period.
Although customers are aware that aesthetics and design are the most important aspects of product packaging, the reality is that sustainability and good health are constant considerations. Unfortunately, most packaging is single-use and is either thrown away or recycled instead of being reused. The US EPA estimates that about half of all municipal solid waste is made up of food and materials used in food packaging such as containers.
The majority of food containers on the market today are made of plastic. Roland Geyer, a famous industrial environmentalist, estimates that just 9% of all plastic waste ever generated has been recycled. Due to its impact on global warming and pollution, as well as the harmful chemicals and microplastics that get into our bodies, the food chain, and the environment, the true cost of this inexpensive material is beginning to become more apparent.
Not just plastic but others materials also hurt the environment. For instance, in manufacturing glass containers, the raw materials used are burned using large amounts of fossil fuels which leads to the emission of greenhouse gases and fumes into the environment.
During the analysis period, out of all the geographical regions, the market is segmented into the Asia Pacific region is likely to account for a rapid growth rate in the global Food containers market.
The global fatty alcohol market has been divided into five regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. During the projected period, the Asia Pacific food containers market is expected to grow significantly during the aforementioned period. The need for western-style diets, escalating urbanisation, and rising personal income are fostering this region’s market for food containers. The Asia Pacific food packaging market has shown strong growth and is anticipated to expand considerably throughout the forecast period. With the aid of government efforts, the food processing and hospitality sectors are expanding quickly in nations like India, Chain, and Japan. This will support the regional demand for food containers. Prime markets in the Asia Pacific region include India, China, Japan, South Korea, Indonesia, Thailand and Taiwan.
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