The global rigid food containers market is on track to experience significant growth, with its size estimated to be worth USD 179.8 billion in 2024 and anticipated to reach USD 217.2 billion by 2034. The market is expected to grow at a steady CAGR of 1.9% over the forecast period from 2024 to 2034.
In 2023, the revenue generated by rigid food containers reached USD 176.1 billion, highlighting the market’s robust performance. The plastic rigid food containers segment, by material, has captured more than 46% of the total market share, driven by its numerous benefits, including durability, barrier resistance, lightweight, cost-effectiveness, and availability in various sizes and shapes to accommodate diverse food packaging needs.
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The trays and clamshells category is set to capture 28.2% of the total market share during the assessment period. Their popularity stems from enhanced security features, such as secured closures, and their user-friendly design, which provides quick and easy access to food, making them a preferred choice for takeout and ready-to-eat meals.
The direct sales channel is expected to rise significantly and capture a high market share during the forecast period. This growth is attributed to the convenience and accessibility of purchasing rigid food containers in grocery stores, as well as the increasing demand for ready-to-eat and fresh produce meals, which require rigid packaging solutions to maintain quality and freshness.
Among end users, the restaurant and food delivery segments are anticipated to experience substantial growth during the assessment period. The need for safe and effective packaging solutions to preserve the quality and integrity of food, while preventing leaks of liquid or semi-liquid items such as gravies and smoothies, is driving this demand.
The rigid food containers market is poised for profitable growth as it adapts to the evolving needs of the food industry, ensuring the safe and effective packaging of a wide range of food products.
Key Takeaways:
- The rigid food containers industry in India is expected to create an incremental opportunity of USD 70.3 billion by 2034.
- India’s market is projected to grow at a compound annual growth rate (CAGR) of 4.1% until 2034.
- The USA retail sector recorded a growth of 2.1% in the first half of 2024 compared to 2023, reaching nearly USD 1,820.0 billion.
- Germany’s rigid food containers market is projected to grow at a CAGR of 0.4% during the forecast period.
Competitive Landscape
Key participants in the rigid food containers business are creating and bringing new goods to the market. They are combining with various organizations and expanding their geographical reach. A few of them also collaborate and work with local brands and start-up enterprises to produce new products.
Key Developments in the Rigid Food Containers Market
- In May 2024, Stora Enso Oyj launched new folding boxboard to lead the charge in renewable packaging innovation.
- In May 2024, Colpac Limited expanded its range multi-food pots by launching a natural kraft 950ml pot with a separate rPET lid, in the new size as part of its stock range so it can be offered as an off-the-shelf solution to a wider customer base.
- In February 2024, Berry Global Group, Inc. launched reusable tableware range for the foodservice industry. This new range of bowls and lids has been designed to meet the diverse needs of the foodservice industry while prioritizing easy reuse and convenience.
Key Players in the Rigid Food Containers Market
- Amcor plc
- Stora Enso Oyj
- ENPAK ENTERPRISE CO., LTD.
- Vegware (Novolex)
- Pactiv Evergreen Inc. (Two Mitts, Inc.)
- Berry Global Group, Inc.
- Huhtamäki Oyj
- Colpac Limited
- Georgia-Pacific LLC
- Dispo International
- PRINTED CUP COMPANY
- Lollicup USA Inc.
Rigid Food Containers Market Segmentation
By Material:
In terms of material, the industry is divided in plastic, paper and metal. The plastic material is further sub-categorized into polyethylene (PE), propylene (PP), polyethylene terephthalate (PET), bioplastics and others (PA, EVOH, etc.). Also paper is sub-segmented ahead into corrugated board, specialty papers, boxboard/carton board, kraft papers and molded pulp
By Distribution Channel:
Few of the important distribution channels include direct sales, distributors and e-retail. The distributors are further segmented into brick and mortar, hypermarkets, supermarkets, discount stores and other retail.
By Packaging Format:
Some of the important packaging formats include trays and clamshells, plates and bowls, cups and tubs, boxes, single serve portion packs and cans
By End Use:
Some of end users related to rigid food containers market include restaurants, hotels and lodgings, food courts (in malls, airports, multiplexes railways, etc.), online food delivery and others (hospitals, schools, offices, etc.). The restaurants are sub-categorized into full service restaurants (FSR), quick service restaurants (QSR), catering services and others (café, pub, bar, etc.)
By Region:
Key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, Middle East and Africa are covered.
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