Demand for plastic containers in the food industry has remained consistent since the last few years. Plastic has replaced several materials, such as, metal, paper, and glass in the food industry. Plastic containers have widespread application in food and beverage products. With the emergence of non-deformable and strong plastic containers in multiple sizes and shapes, utilization of plastic containers for storage of meat products has increased. Moreover, demand for plastic food containers is rising significantly they facilitate transportation and storage of various food items, such as, cold cuts, sausages, and meat.
Increased consumption of processed food and packaged food items is projected to drive the growth of the global plastic food containers market during the forecast period. Key factors contributing to the high demand for plastic food containers to preserve packaged food products include rise in disposable income of people in developing economies, growing middle-class population, changes in lifestyle of people, and increase in preference for packaged, ready-to-eat meals. Further, rise in the trend of innovative packaging solutions to improve safety and convenience, retain freshness, and extend shelf life of food items is likely to positively impact the sale volume of plastic food containers and plastic storage.
Increasing popularity of biodegradable plastic food containers is another key factor likely to drive the growth of the global plastic food containers market in the next few years. Biodegradable plastic containers are produced using petrochemicals with biodegradable additives which can be broken down into microorganisms, which subsequently decreases the toxic impact of the containers on the environment. This, as a result, is projected to increase the demand for biodegradable plastic food containers, thereby augmenting the growth of overall plastic food containers market in the near future. However, plastic does not last for long. The more it is heated and cooled, the more the chemicals tend to break down and pass on into the food inside, creating safety issues. This is acting as a restrain to the growth of the global plastic food containers market.
The global plastic food containers market can be segmented based on product, material, application, and geography. In terms of product, the market can be classified into storage containers, take away containers, bottles, jars, cups, bowls, bags, and pouches. In terms of material, the plastic food containers market can be divided into Polyethylene Terephthalate (PET), Polyvinyl Chloride (PVC), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polypropylene (PP), and others, which include Polystyrene (PS), Bisphenol-S (BPS), etc. PET is microwave-resistant and is significantly used in food chains and food packaging firms. Based on application, the plastic food containers market can be classified into food and meat products, dairy products, bakery products, fruits, and vegetables. Geographically, the global plastic food containers market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominates the global market due to tremendous growth in terms of disposable income, improved lifestyles, urbanization, and inclination of people toward convenience in countries, such as, India and China in the region.
The global plastic food container market is highly competitive and fragmented owing to the presence of a large number of regional and international players. Steep competition among manufacturers is leading to innovative product offerings, product differentiation, and pricing. Major market players are emphasizing on the introduction of innovative products to meet the increasing demand for plastic food containers. Key players operating in the global plastic food containers market include RockTenn, Bemis, Reynolds, Berry Plastics, RPC, Plastipak, Printpack, Resilux, Greiner Packaging International, Linpac, Pactiv, Coveris, Rexam, Serioplast, Winpak, Graham Packaging, and Amcor.
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