Food packaging disposal is one of the biggest causes of environmental pollution worldwide. According to the United Nations Environment Programme, more than 350 million tonnes of plastic are created globally each year, with plastic accounting for 85% of ocean debris. As a result, as people grow more aware of environmental concerns, more eco-friendly food containers are being created. Additionally, the increased demand for perishable items such as dairy and meat that may be preserved in environmentally friendly containers offers, this industry has a lot of room to develop throughout the predicted period. The worldwide food container industry is quickly developing; yet, several constraints, such as shifting customer tastes, are restricting its growth. Businesses must invest heavily in new designs that appeal to customers, making it challenging for market participants to keep up with shifting tastes. As a result, shifting consumer tastes are likely to stymie growth in the worldwide food container market throughout the forecast period.
According to Coherent Market Insights, Global Food Container Market is expected to surpass US$ 228.8 billion by the end of 2030 and exhibit a CAGR of 4.4% during the forecast period (2022 to 2030).
Key Leaders in the Food Container Industry:
1. Amcor plc
Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. Amcor plc was incorporated in 2018 and is headquartered in Zürich, Switzerland. On Aug. 22, 2022, company announced that it has closed the acquisition of a world-class flexible packaging plant located in the Czech Republic.
2. Anchor Glass Container Corporation
Anchor Glass is a North American manufacturer of premium glass packaging products. Anchor Glass has long-standing relationships. Acquired by CVC Capital Partners. Headquartered inTampa,*Definition- Food containers are used to package, carry, and transport food goods, which is a significant element driving the growth of the worldwide food containers market. Ready-to-eat (RTE) meals, ready-to-eat convenience foods, frozen dinners, cake mixes, snacks, and desserts are examples of packaged foods.
