The global sales of lightweight food container are estimated to be worth USD 30.8 billion in 2021 and are anticipated to reach a value of USD 39.6 billion by 2031. Sales are projected to rise at a CAGR of 2.6% over the forecast period between 2021 and 2031. The revenue generated by lightweight food container in 2020 was USD 30 billion.
The market of lightweight food containers is prospering owing to growing demand for convenient and eco-friendly packaging solutions. Increasing preferences by consumers for on-the-go meals and the active thrust on reducing plastic waste are some very key drivers toward the growth of the market.
Trends range from the use of biodegradable and recyclable materials to design innovations focusing on functionality and further reducing environmental impact. Besides that, companies have targeted the development of containers which are able to keep the food fresh, lighter, and economical so as to meet the demand for sustainability by the growing green consumer base.
Global Lightweight Food Container Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 30 billion |
| Estimated Size, 2021 | USD 30.8 billion |
| Projected Size, 2031 | USD 39.6 billion |
| Value-based CAGR (2021 to 2031) | 2.6% |
Lightweight Food container is used for holding food at a room temperature, in the refrigerator or freezer. Lightweight food container keeps the food fresh for longer time period and also prevents bacterial growth and minimizes the chances of mold. Lightweight food containers are durable, resistant to cracking, and resistant to moisture and vapour.
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Global demand for frozen and packaged food has increased in recent decades due to busy lifestyle of consumers. The frozen or packaged food producer are adapting to ecological demands and so the demand for lightweight food container is increasing as the lightweight food container helps to reduce the cost of packaging by lower material consumption and greater shipping efficiency.
Adopting lightweight food container not only reduces overall costs but also saves energy in the production process and transportation. Lightweight food containers survive extreme environments and are not easily degraded in cold or hot temperature, thus preserving the integrity of food or beverages inside it and also protects the products from odours, and moisture.
Durability of lightweight food container allow manufacturers to print eye-catching, high quality custom designs of container.
Rigid food containers that are mostly preferred in food industry are quickly being replaced by flexible food containers that are made up of plastics. Plastics, due to their lightweight, durability, and flexibility are rapidly replacing rigid containers which are made up of rigid plastics and different non-plastic materials that includes metal and glass.
Glass and metal, which are prominently used in rigid containers, offer high barrier packaging irrespective of shelf-life requirements. Further, rigid containers formats are vulnerable to breakage and corrosion. Brands are able to offer longer shelf life and convenient user experience to consumers with the help of flexible containers.
Plastic flexible container products can be made in dense as well as transparent forms according to the merchandising requirements of the product.
Due to the properties of flexible plastic containers, the flexible containers provides brands and manufacturers the ability to increase product appeal by various innovative designs.
Principal Consultant
Nearly 2 percent of the cost of the purchase of the product is accounted by packaging. In European countries the numbers are high and Germany accounts for nearly 48kg per person per annum of packaging.
However, over the last 5 years, there is increasing awareness among the consumers about environmental issues and so consumers prefer lightweight container in order to reduce waste and to prioritize portable packaging.
Consumers across the developed market are increasing focusing on buying smaller pack containers that are resealable and easy to carry.
Companies in the region are focusing on manufacturing light weight containers for maintaining both quality and quantity of products and demand is increasing by food companies and outlets for functional food containers with proper locking system, handling system, protection and prevention from external factors resulting in contamination.
Companies in the region are developing lightweight, spill proof, and portable food containers for on-the-go food and beverages. Manufacturers are developing highly functional containers for delivering better consumer experience. A unique design of container leads to minimum wastage, no-mess and reduced food contamination.
Technological advancements are also leading to the development of pouches, boxes, and bags that can keep the food hot for a long time. Companies are introducing new containers for on-the-go food that features easy-to-hold, lightweight, and consumer-friendly containers for snacks, lunch and other grab and go food products.
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Some of the leading manufacturers and suppliers include
Lightweight Food Container vendors adopt various expansion strategies for enhancing their presence and increasing the market share in the global market. The strategies that vendors follow include partnership and collaborations, with other players, merger & acquisitions, Strategic alliances, new product launches, and strengthening of regional and global distribution networks.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Lightweight Food Container Market
