Rising demand for rigid containers such as bottles in the beverage industry along with design innovation by the food grade bottle manufacturers will create growth opportunities for the target market.
According to Future Market Insights, the global Food Grade Bottles Market is expected to reach US$ 3.0 Bn in 2022 and further grow at 4.3% CAGR between 2022 and 2032. Overall sales of food grade bottles are expected to total US$ 4.6 Bn by 2032.
Moreover, growing popularity of eco-friendly and sustainable packaging solutions like paper bottles and wooden bottles will further accelerate growth in the global Food Grade Bottles Market during the next ten years.
Rising production and consumption of alcoholic and non-alcoholic beverages and increasing demand for rigid packaging solutions across food & beverage, pharmaceutical, and chemical industries are some of the key factors driving the demand for food grade bottles in the market.
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Key Market Trends
Factors such as rising disposable income, evolving lifestyles, and the surge in urbanization have led to an increased consumption of both alcoholic and non-alcoholic beverages, including flavored carbonated drinks, energy drinks, beer, wine, and more. Consequently, there is a substantial uptick in the demand for food grade bottles, a trend that is anticipated to persist throughout the forecast period.
The predominant driver behind the global market’s demand for food grade bottles lies in their unique production methods, specifically tailored to preserve the taste of beverages over an extended period. The expansion of microbreweries, catering to diverse beverage preferences and offering innovative flavors, further contributes to the growing demand for these bottles. The trend towards seeking distinctive and varied beverages continues to exert a significant influence on the market for food grade bottles.
Key Takeaways from Food Grade Bottles Market
- By material, the plastic segment is expected to hold around 48% of the market value share by the end of 2022.
- Based on capacity, the 10 to 50 Oz is anticipated to expand 1.5 times the current market value during 2022-2032.
- By end use, the beverage segment is anticipated to expand at a CAGR of 4.8% during the forecast period.
- North America is estimated to hold a substantial share of the global Food Grade Bottles Market by the end of the forecast period.
- The U.S. is expected to hold around 81% share of the North America Food Grade Bottles Market by the end of the forecast period.
- China’s Food Grade Bottles Market is anticipated to grow 1.7x the current market value during the forecast period
Drivers:
- Food Safety Regulations: Stringent food safety regulations and guidelines, particularly regarding packaging materials, are driving the adoption of food grade bottles. These bottles ensure compliance with safety standards, making them a preferred choice for food and beverage packaging.
- Consumer Health Awareness: Increasing awareness among consumers about health and wellness has led to a growing demand for safe and hygienic packaging options. Food grade bottles provide a trustworthy solution for consumers concerned about the impact of packaging materials on their health.
- Packaging Convenience: Food grade bottles are designed for easy handling, storage, and pouring of food and beverages. Their convenience factor aligns with changing consumer lifestyles and preferences for on-the-go consumption.
- Brand Differentiation: Manufacturers use food grade bottles as a means to differentiate their products in the market. Customized bottle designs and labeling enhance brand recognition and attract consumers.
- Sustainability: Many food grade bottles are now made from recyclable and eco-friendly materials, appealing to environmentally conscious consumers. The demand for sustainable packaging solutions continues to drive the adoption of eco-friendly food grade bottles.
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Key Players
- Berry Global Group
- Amcor plc
- O-I Glass, Inc.
- Graham Packaging Company
- Silgan Plastic
- Ardagh Group
- Vektropack
- Frapak Packaging
- Alpla Group
- Vetropack Holding Ltd.
- Pretium Packaging
- Hamilton Housewares Pvt. Ltd. (Milton)
- Frugalpac Ltd.
- PAPACKS SALES GmbH
- Paboco
Market Segmentation
By Material:
- Plastic
- Glass
- Metal
- Others (Wood, Paper, etc.)
By Capacity:
- Less than 10 Oz
- 10 to 50 Oz
- More than 50 Oz
By End Use:
- Food
- Beverage
- Pharmaceuticals
- Chemicals
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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