In 2022, the global rigid food containers market is poised to attain a value of US$ 195.7 billion, with a forecasted compound annual growth rate (CAGR) of 4.8% from 2022 to 2032. By the end of 2032, projections suggest the market could surge to US$ 314.2 billion. This anticipated growth trajectory underscores the significance of rigid food containers in the global packaging landscape, driven by factors such as increasing demand for convenience foods, technological advancements in packaging materials, and evolving consumer preferences for sustainable and durable packaging solutions. The market’s expansion signifies a pivotal transformation within the food packaging industry.
Functioning as a reliable and user-friendly packaging solution, rigid food containers ensure secure storage and effortless handling, facilitating prompt consumption. The versatility of packaging formats, including bottles, trays & clamshells, cans, and boxes, enhances their portability, catering to consumer convenience. Additionally, rigid food containers play a crucial role in extending the shelf life and preserving the nutritional value of food items over an extended duration. This surge in consumer preference for convenient and portable packaging options has significantly bolstered the market, driving increased sales of rigid food containers.
FMI projects a 1.5-fold growth in the German rigid food containers market, surpassing the current market value, attributed to the rising consumption of packaged food within the nation. Notably, Germany stands as the fourth-largest packaged food market globally, as reported by the Food Export Association. In 2021, the United States exported approximately US$ 1 billion worth of consumer-ready foods to Germany, a trend anticipated to persist in the coming decade, consequently propelling the demand for rigid food containers in the German market. This underscores the pivotal role of packaging solutions in catering to the escalating preferences for packaged food items.
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Growth Drivers:
- Increasing Demand for Convenience: Consumers are increasingly opting for convenient food packaging solutions due to their busy lifestyles. Rigid food containers offer ease of handling, storage, and transportation, thus fulfilling this demand for convenience.
- Growing Urbanization: Urbanization leads to smaller households and a higher reliance on packaged food items. Rigid food containers provide a means for preserving and storing these items effectively, catering to the needs of urban consumers.
- Rising Disposable Income: With rising disposable incomes, consumers are willing to spend more on packaged food items, including those packaged in rigid containers. This trend is particularly prominent in emerging economies where disposable incomes are steadily increasing.
- Focus on Food Safety and Hygiene: Rigid food containers offer superior protection against contamination and tampering, thereby ensuring food safety and hygiene. With increasing awareness about these aspects, consumers are more inclined towards products packaged in such containers.
- Innovation in Packaging Materials: Continuous innovation in packaging materials has led to the development of rigid containers that are lightweight, eco-friendly, and offer better product preservation. These innovations attract both consumers and manufacturers towards rigid packaging solutions.
- Demand for Longer Shelf Life: Rigid food containers are designed to extend the shelf life of food products by providing better protection against environmental factors such as moisture, light, and air. This is particularly appealing to both consumers and retailers looking to minimize food wastage.
Industry Restraints:
- Environmental Concerns: Rigid food containers, often made of plastic, contribute to environmental pollution and waste. Increasing awareness about environmental issues has led to calls for sustainable packaging solutions, posing a challenge to the rigid food containers market.
- Regulatory Pressures: Stringent regulations regarding food packaging materials and recycling standards can increase compliance costs for manufacturers. Compliance with these regulations while maintaining cost-effectiveness poses a challenge for companies operating in the rigid food containers market.
- Shift Towards Flexible Packaging: The growing popularity of flexible packaging, such as pouches and bags, poses a threat to the rigid food containers market. Flexible packaging offers advantages such as lighter weight, reduced storage space, and often lower production costs, making it an attractive alternative for manufacturers.
- Price Volatility of Raw Materials: Rigid food containers are often made from petroleum-based plastics, making them susceptible to price fluctuations in raw material markets. Volatility in raw material prices can impact manufacturing costs and profitability for companies in the industry.
- Changing Consumer Preferences: Shifting consumer preferences towards sustainable and eco-friendly packaging solutions can affect the demand for traditional rigid food containers. Manufacturers need to adapt to these changing preferences by offering greener alternatives to stay competitive.
- Supply Chain Disruptions: Disruptions in the global supply chain, whether due to natural disasters, geopolitical tensions, or pandemics, can adversely affect the production and distribution of rigid food containers, leading to challenges in meeting market demand.
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.
Competition Landscape:
- 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.
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Rigid Food Packaging Market Outlook by Category
By Material:
- Plastic
- Paper & Paperboard
- Metal
- Glass
- Bagasse
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)
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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