Preserving Food Quality with Convenience & Innovation

    The rising demand for packaged food as one of the most lucrative segments of the global food and beverage industry has driven comprehensive developments across the market for food containers. Companies operating in the field of food packaging are continuously seeking to expand their product varieties in the market, and broaden the scope of applications in order to achieve significant growth opportunities. Manufacturers have also to keep pace with consumers’ changing packaging preferences. Consumers today are asking for convenient packaging that is easy to carry, store, and allows ready consumption of food. The food container packaging demand in the Middle East & Africa (MENA) region reached USD2.8 billion in 2012, according to a recent survey conducted by Statista, and it is anticipated to reach USD3.9 billion in 2017.

    The global food container market size is expected to grow at a CAGR of over 4.5 percent from 2016 to 2023, according to a recent report by Global Market Insights. The Middle East & Africa region is expected to witness revenue growth at a CAGR of 4.6 percent from 2016 to 2025, according to Grand View Research. The industrial shift from upstream oil & gas sector to domestic food & beverage sector in Middle East countries such as Saudi Arabia and UAE is expected to open new industry avenues over the upcoming years. Rising utility expenditure coupled with stringent regulations aimed at improving the recycling of packaged material in developed countries including the U.S., UK, and Germany is expected to remain a major challenging factor for industry participants. However, improving F&B industries in Eastern European countries including Russia and Poland as a result of increasing domestic consumption of packaged foods is expected to open new markets. The US is the world’s largest user of food containers owing to increasing personal income, urbanization, as well as ascending interest in packaged food in the country, according to Global Market Insights’ report. On the other hand, the most significant growth will occur in India and China driven by the rising demand for convenient food products. Rising numbers of women in workforces, escalating consumption of processed and packaged food, and a vast surge in double-income families are the major driving forces globally for food containers. Other crucial factors expected to drive this market include rising population across urban settings and the increasing number of single-person households. Convenience offered by these containers in carrying, packaging, as well as during consumption has achieved great importance among numerous consumers. Hence, the manufacturers are expected to keep pace with consumers’ dynamic lifestyles. Similarly, the rising importance of secure disposal and light properties during the packaging in food & beverages industry is anticipated to have a significant impact over the forecast period (2014-2025), according to Grand View Research. Food containers are used in the form of flexible bags, sacks, paperboard, rigid plastic containers, metal containers, and glass bottles. The market is witnessing continuous new and innovative packaging formats and designs such as clear plastic cans and squeezable spouted pouches in order to keep pace with new food products. The plastic food container market size is estimated to be the fastest growing product segment, according to Global Market Insights, due to the expediency furnished as well as economy offered over other traditional materials such as glass, metal and paper board. Containers such as bags and pouches are much preferred ones owing to various attributes offered, like visual appeal, freshness protection, convenience, product differentiation, ease of portability and branding opportunities. Moreover, Grand View Research noted that growing concerns over greenhouse emissions in the food and beverages industry are expected to spur demand for sustainable packaging goods derived from bioplastics. In addition, the global regulatory norms designed to combat deforestation are expected to decrease the availability of paper as a feedstock for the production of food containers. Key manufacturers in this industry include Silgan, Ball Corporation, Bemis, Ardagh, Berry Plastics, Caraustar Industries, and Graham Packaging.

    Fatima Saab
    Content Editor & Researcher