The global rigid food containers market is set to experience robust growth, projected to reach US$ 314.2 billion by 2032 from US$ 195.7 billion in 2022, reflecting a steady compound annual growth rate (CAGR) of 4.8%. This expansion underscores the market’s pivotal role in the broader food packaging sector, which was valued at US$ 319 billion in 2021.
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Core Concepts in the Rigid Food Containers Industry
- 2021 Market Size: The global rigid food containers market was valued at US$ 185.7 billion in 2021.
- Growth Rate (2012-2021): During 2012-2021, the global rigid food containers market expanded at a CAGR of 4.5%.
- 2022 Market Projection: The market is projected to reach US$ 195.7 billion by the end of 2022.
- Leading Packaging Type Segments: The boxes & cartons segment, followed by the bottles & jars segment and the trays & clamshell segment, are projected to remain prominent in the global rigid food containers market.
- Leading Material Segment: Plastic is estimated to lead the global rigid food containers market by material.
- Market Boosting Factors: High preference for packed food items among millennials is anticipated to boost demand in the global rigid food containers market.
- Major Players: Major players in the global rigid food containers market include Amcor plc, Berry Global Group, Sealed Air Corporation, Ball Corporation, Crown Holding, Inc., DS Smith plc, and WestRock Company.
- India Market Growth: The India rigid food containers market is expected to register a CAGR of 5.7% during 2022-2032.
Key Market Insights:
- Rising Demand for Convenience: The shift towards packed and convenient foods continues to drive the demand for rigid food containers. These containers offer secure packaging, ease of handling, and preservation of nutrition and freshness, meeting the growing consumer preference for ready-to-eat and on-the-go meals.
- Smart Packaging Solutions: The adoption of smart packaging solutions, integrating technologies like active and intelligent packaging, is a significant trend propelling market growth. These innovations enhance food safety, extend shelf life, and provide real-time monitoring of environmental conditions during transport and storage.
- Combatting Food Waste: With nearly one-third of food produced globally going to waste, smart packaging plays a crucial role in reducing food loss by offering improved traceability and expiry date management. Technologies such as QR codes and RFID enable consumers to make informed decisions, contributing to sustainability efforts and reducing carbon footprint.
- Market Dynamics: The market is witnessing consolidation, with the top companies expected to capture 15% – 20% of the global market share by the end of 2022. This consolidation reflects ongoing efforts to enhance product appeal through advanced packaging materials and design innovations.
Future Outlook: As consumer demand for sustainable and efficient packaging solutions grows, the rigid food containers market is well-positioned to innovate and expand. Manufacturers are increasingly focusing on eco-friendly materials and smart packaging technologies to meet evolving regulatory requirements and consumer expectations.
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Key Segments Covered
Region :
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Material Type :
- Plastic
- Paperboard
- Glass
- Metal
Packaging Type :
- Trays
- Bottles & Jars
- Cans
- Cups & Tubs
- Boxes & Cartons
- Others
Application :
- Meat, Poultry & Seafood
- Dairy Products
- Bakery & Confectionary
- Ready to Eat Food
- Baby Food
- Fruits & Vegetables
- Other Applications
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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