Food Containers are used to package, carry, and transport food products, which is a major factor driving the growth Food Containers Globally. Ready-to-eat (RTE) meals, ready-to-eat convenience foods, frozen meals, cake mixes, snacks, and desserts are examples of packaged foods. Manufacturers are expected to increase production capacity in response to increased demand for these products, fueling demand for food containers. Food packaging disposal is one of the leading causes of environmental pollution worldwide. According to the United Nations Environment Programme, more than 350 million tonnes of plastic are produced globally each year, with plastic accounting for 85% of ocean waste. As a result, as people become more aware of environmental issues, more eco-friendly food containers are being manufactured. Furthermore, rising demand for perishable products such as dairy and meat that can be stored in environmentally friendly containers would provide significant growth potential for this industry. The average purchase value per customer increased significantly as demand for packaged food products such as biscuits and instant noodles increased. The definition of a basic necessity shifted from staple foods to snacks and munchies as more people worked from home. This trend is expected to continue throughout the holiday season. Food manufacturing, processing, distribution, and marketing are all expanding rapidly in developing countries. Furthermore, as a result of factors such as disposable income, individual preferences, globalisation, and so on, diet and tastes are changing. This has aided the growth and acceptance of packaged foods among emerging-market consumers. A Study by Coherent Market Insights Says, 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). The global food storage container Demand is rapidly increasing; however, some factors, such as changing consumer preferences, are limiting its growth. Companies must invest heavily in innovative designs that appeal to customers, making it difficult for market participants to keep up with changing preferences. Consumers all over the world are demanding convenient packaging for ready-to-eat food that is easy to transport and store. As a result, it is critical for food container manufacturers to keep up with changing consumer preferences. The coronavirus pandemic has increased demand for single-serving containers rather than bulk packages. Consumers have become more aware of the potential number of touch points of a given product, and they are concerned that each touch point increases the likelihood of virus exposure. Opening a single container, consuming the contents, and recycling/reusing the container reduces the number of touch points, thereby lowering the risk of exposure. However, there are several laws that prohibit the use of single-serve containers. The European Union, for example, imposes a significant tax on single-use containers. This is expected to shift the preference of food and beverage companies toward environmentally friendly, recyclable, compostable, or biodegradable packaging. The coronavirus pandemic has increased demand for single-serving containers rather than bulk packages. Consumers have become more aware of the potential number of touch points of a given product, and they are concerned that each touch point increases the likelihood of virus exposure. Opening a single container, consuming the contents, and recycling/reusing the container reduces the number of touch points, thereby lowering the risk of exposure. However, there are several laws that prohibit the use of single-serve containers. The European Union, for example, imposes a significant tax on single-use containers. This is expected to shift the preference of food and beverage companies toward environmentally friendly, recyclable, compostable, or biodegradable packaging.
0 Comments
Leave a Reply. |
Categories
All
|