Global Food Container Market: Overview
The emergence of packaged food as one of the most lucrative segments of the global food and beverage industry in the past few years has fueled large-scale developments across the market for food containers. The continuously widening array of available product varieties in the market and their broadening scope of applications are presenting significant growth opportunities to companies operating in the field of food packaging.
This report on the global food containers market presents a thorough overview of the present state of the market and forecasts the future growth prospects of the market and its key segments over the period between 2016 and 2024. The report also includes rich qualitative and quantitative data pertaining to historical facts and values of market and its segments. The report includes a detailed analysis of factors such as growth drivers, threats, popular trends, and opportunities in the market, presenting before the reader a holistic picture of the aspects expected to have the most profound influence on the development of the market in future years.
The global food containers market research report segments the market on the basis of criteria such as product type, application, and geography. The report provides details such as growth opportunities, growth challenges, and promising regional markets for each of the segments and sub-segments discussed in the report. The report also allows the reader to gain a deeper insight into the vendor and competitive landscape of the market with the help of detailed business profiles of some of the key vendors operating in the market. The exhaustive data in the report is expected to help the reader gain a clear idea about the growth potential in new and emerging regional markets or segments in the near future.
This market has been witnessing a considerable amount of innovation given consumers’ changing preferences and the effect of government regulations pertaining packaging materials such as plastics.
Global Food Container Market: Drivers and Restraints
The global market for food containers is expected to be chiefly driven due to the significant rise in food output globally. The increasingly sophisticated consumer today is demanding convenient packaging that is easy to carry, store, and allows ready consumption of food. Hence, it has become highly important for food container manufacturers to keep pace with these changing consumer preferences.
The rising number of women in workforces, increased number of families consuming packaged foods, and a vast surge in double-income families are also key to the healthy growth prospects of the global market for food containers. Other crucial factors expected to drive the market for food containers include the rising population across urban settings and the increasing number of single-person households.
Global Food Container Market: Segmentation
The report segments the market in terms of product into food container varieties such as paperboard food containers, bags and pouches, plastic food containers, metal food containers, glass food containers, and raw materials food containers. Of these, bags and pouches are expected to witness high demand from consumers owing to benefits such as visual appeal, ease of portability, convenience, and freshness protection. Ease of product differentiation and excellent branding opportunities make bags and pouches amongst food companies as well. These factors are expected to compel food container companies to focus more on this segment in the next few years.
The segment of paperboard food containers is expected to witness a slowdown in global demand as applications mature and novel packaging options such as flexible packaging gain an edge. In terms of application, the segment of frozen desserts and ice creams is expected to exhibit a slightly different dynamics, with paperboard tubs and folding cartons retaining their positions as most preferred containers.
Companies Mentioned in the Report
The global food container market features a highly fragmented vendors landscape and intense competition in terms of product variety and cost. Some of the notable vendors in the market are Alcan Packaging Food Americas, Caraustar Industries Incorporated, Anchor Glass Container Corporation, Constar International Incorporated, Plastipak Holdings Incorporated, Evergreen Packaging, Ring Companies, PWP Industries, Rio Tinto Group, Sonoco Products Company, and Printpack Incorporated.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.