The global market for rigid food packaging is anticipated to increase from the US$ 197.5 billion that has not yet been calculated in 2023 to US$ 317.7 billion in 2033, according Future Market Insights. Between 2023 and 2033, the market is projected to grow rapidly at a CAGR of 4.9%.
The food service industry is regarded as one of the most important in recent years on a global scale. Consumers pick up other people’s eating habits through going to cafes and restaurants or by ordering food on various internet platforms. The market for culinary services has grown significantly as a result of these preferences.
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In the past five years, several food chains have emerged, and by establishing new food chains in multiple nations, they are reaching a global consumer base. Few restaurants and cafes are opening their locations in different nations, and they offer fast meals and food to go. Online meal service businesses frequently use disposable food containers.
Because restaurants typically supply rigid containers like paper and plastic ones, the market for online meal delivery is anticipated to grow with the market for rigid food packaging. For delivering food to customers, several fast food businesses use stiff paper cartons.
One of the key elements influencing the food service sector and online meal delivery platforms is the busy lives of the working class population. The market for rigid food packaging solutions is anticipated to increase due to rising outside food consumption, increasing levels of disposable income, and evolving consumer buying patterns.
Key Takeaways from Rigid Food Packaging Market
- Based on material, rigid food packaging made from bagasse material is expected to cover 12.4% of the global market share in 2022.
- The cups & tubs segment by packaging type is anticipated to expand by 4.3% CAGR during the forecast period in the rigid food packaging market.
- Based on application, the baby food category is estimated to grow 1.3 times the current rigid food packaging market value during the forecast period.
- The U.S. rigid food packaging market is set to generate a share of around 12.7% in 2033.
- India is projected to cover about 5.4% of the rigid food packaging market share throughout 2023.
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Demand for ready-to-eat food products, increasing hygiene concerns, and rising consumption of canned food are set to burgeon the rigid food packaging market during the estimated time frame,” says a lead analyst at Future Market Insights.
Competition Landscape: Rigid Food Packaging Market
Amcor plc, Greif Inc., Crown Holdings, Inc., Mauser Packaging Solutions, Berry Global Inc., Silgan Holdings Inc., Sonoco Products Company, Pactiv LLC, Printpack, ITC Packaging, DS Smith plc, WestRock Company, Sealed Air Corporation, Smurfit Kappa Group plc, Huhtamaki Oyj, Genpak, LLC, and Georgia-Pacific LLC among others are few of the key players spurring the global rigid food packaging market.
Rigid Food Packaging Market Outlook by Category
By Material:
- Plastic
- Paper & Paperboard
- Metal
- Glass
- Bagasse
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By Packaging Type:
- Trays & Clamshell
- Bottles & Jars
- Cans
- Cups & Tubs
- Boxes & Cartons
- Others (Bowls, Cutlery)
By Application:
- Meat, Poultry & Seafood
- Dairy Products
- Bakery & Confectionary
- Ready-to-eat Food
- Baby Food
- Produce Food
- Other Foods (Spices, Sauces)
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