By 2032, the global hot fill packaging market is expected to achieve a significant milestone, reaching a market value of US$ 82 billion, with a projected growth rate of 4.5% throughout the forecast period spanning from 2022 to 2032.
This anticipated expansion underscores the enduring demand for hot fill packaging solutions across various industries, driven by factors such as the growing popularity of convenience foods and beverages, as well as advancements in packaging technology to enhance product shelf life and maintain freshness. The projected growth rate reflects the market’s resilience and its pivotal role in the packaging industry’s evolution.
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Hot filling also retains the products’ nutritional properties. However, the fact that hot filling needs heavy bottles that are costly can’t be ignored. This factor could restrain the hot fill packaging market in the near future.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Hot Fill Packaging Market’. It has its indigenous team of analysts and consultants to look through bottom-up approach in primary, secondary, and tertiary modes of research.
“With realization of the fact that hot fill packaging makes way for longer shelf lives, the global hot fill packaging market is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Hot Fill Packaging Market
- North America holds a significant market share due to beverages being consumed exorbitantly. As such, energy drinks, flavored beverages, and soft drinks are in greater demand.
- The Asia-Pacific is expected to grow at a rapid pace in the hot fill packaging market due to easy access and affordability of the healthy drinks throughout India and China. Out of these, fruit juices are holding a noteworthy market share.
- Europe is at the matured stage of hot fill packaging market and the scenario is expected to be the same even going forward.
Market Competition-
The established players of the global hot fill packaging market include
- Amcor Plc.,
- San Miguel Yamamura Packaging Corporation,
- Aisapack SA,
- Graham Packaging Company,
- among others.
Competitive Packaging-
- Asahi Beverages, in June 2022, did open upgraded Wulkuraka production facility at South-East Queensland. It was worth US$ 55 Million. The factory thus went on to receive two bottling lines – a blow-fill and a hot-fill.
- Amcor Rigid Packaging, in May 2022, introduced PowerPost (a new technology facilitating production of the bottles that would be 30% lighter constituting recycled material. These bottles also make way for a superlative user experience by prevention of spills on opening the drinks. The company claims of PowerPost to be amongst the advanced lightweight solutions regarding hot-fill beverages.
- Amcor PLC AMCR, in August 2022, did launch a modern-day innovation hub at Jiangyin (China) for providing customers based out of the Asia-Pacific with eco-friendly material science and advanced packaging technologies. The company is known for heavily investing in hot-fill beverage packaging.
- Berry Global, in May 2022, did come up with a novel series of hot fill sauce bottles to maximize consumers’ convenience along with maintaining proper on-shelf appearance. This Nova bottle is available in 500 ml and 250 ml sizes, and consists of clear PP (polypropylene). It has a contemporary curved design. The labeling area is big enough to enable better product branding.
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Key Segments Profiled in the Hot Filling Packaging Market
Product Type:
- Containers
- Bottles & Jugs
- Jars
Material:
- Glass-based Hot Fill Packaging
- Plastic-based Hot Fill Packaging
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Others
Capacity:
- Up to 12 Oz
- 13 Oz – 32 Oz
- 33 Oz – 64 Oz
- 64 Oz and Above
End Use:
- Soups Sauces & Spreads
- Juices
- Ready-to-drink Beverages
- Dairy Products
- Nectars
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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