The global hot fill packaging market was worth US$ 52.8 Million in the year 2022 and is expected to reach US$ 82 Million by the year 2032 at a CAGR of 4.5% between 2022 and 2032.
Hot fill packaging is gaining popularity in modern-day beverage vertical. With PET bottles being increasingly used for packaging soft drinks, non-carbonated beverages, water, and likewise, the shelf life comes to 6 to 12 months.
High-grade plastic materials is used for tolerating hot liquid, that too, without losing out on the structural integrity. PET bottles are used to enable hot fill packaging. It needs to be noted that hot-filled PET bottles are `1.5 times heavier in comparison with cold-filled bottles.
It’s a known fact that high acid-sensitive products are likely to contain mold, yeast, and acid-tolerant bacteria; which would tarnish packaging. That would, in turn, render the product unhealthy for consumption. This is where hot filling packaging helps. Wastage of product could be avoided.
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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.
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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.
What does the Report Cover?
- The research study is based on product type (hot fill packaging containers, hot fill packaging bottles & jugs, and hot fill packaging jars), by material (glass-based hot fill packaging, plastic-based hot fill packaging, polypropylene (PP), PET (polyethylene terephthalate), and likewise), by capacity (hot fill packaging up to 12 Oz, hot fill packaging from 13 Oz to 32 Oz, hot fill packaging from 33 Oz to 64 Oz, and hot fill packaging from 64 Oz and above), and by end-use (hot fill packaging for soups, sauces, and spreads, hot fill packaging for juices, hot fill packaging for ready-to-drink beverages, hot fill packaging for dairy products, and hot fill packaging for nectars).
- With rising demand for products free of preservatives, the global hot fill packaging market is bound to grow atrociously in the upcoming period.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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