The global food tub packaging market is anticipated to reach a value of US$ 570.2 Million in 2022 and continue to grow at a CAGR of 5.1% to reach US$ 937.7 Million by the year 2032, according to research from Future Market Insights. The market for food tub packaging is expected to grow, with the top 5 suppliers controlling 15% to 20% of it by 2021.
According to capacity, the 251 to 500 ml sector is anticipated to continue to dominate the market for food tub packaging worldwide. By the end of 2032, the same segment is anticipated to hold about 52% of the market value share.
Global Food Tub Packaging Market Overview
Despite inclining unit dose packaging demand, the packaged food products in bulk quantity are still high in consumer demand. Several developments in packaging materials have enabled long shelf life of food products and consumer preference for small lots of packaged food has driven the food tub packaging market globally.
Food tub packaging is one of the simplest packaging formats to manufacture, fill the primary product and effectively seal the packaging.
This has driven the food tub packaging market at the manufacturers’ end, and the market players invest more on the decoration of the food tub packaging to attract the consumers. Several benefits of food tub packaging and globally large demand for food packaging has led to huge and evergreen food tub packaging market.
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Global Food Tub Packaging Market Dynamics
See-through packaging is one of the highly effective marketing technique at the point-of-sale. Food tub packaging can be manufactured with a transparent material.
For the enhanced protection of packaged food from environmental factors such as moisture, odor, air, and others, barrier materials like aluminum, EVOH, polyamide, and others are incorporated for producing food tub packaging.
Plastic barrier materials are capable of producing food tub packaging with barrier properties along with see-through packaging. Several decoration techniques including in-mold labeling, flexo-offset hybrid printing, and others play a crucial role in attracting consumers.
Moreover, food tub packaging made up of paperboard is highly preferred as food service container due to its low cost of manufacturing and disposable nature. Intolerance towards oil-based plastics has led to inclining demand of food tub packaging manufactured with bio-based plastics and paperboard materials.
All the factors stated above has propelled the food tub packaging market globally. The end-use of food tub packaging is restricted to some of the food items due to increasing consumer preference for unit dose packaging in several food products.
Although, the unit dose packaging is not feasible for the majority of packaged food items while is food tub packaging is highly economical.
Global Food Tub Packaging Market Regional Overview
Increasing corporate culture and busy life schedules of majority of the population residing in large economies of North America, Asia Pacific and Western Europe has resulted into high consumption of packaged food.
Increasing globalization is responsible for increasing international trade of food items in emerging economies which leads to wide requirement of food packaging such as food tub packaging.
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Global Food Tub Packaging Market Key Players
Some of the key players of the food tub packaging market include the global packaging giants with a strong focus of food packaging such as Amcor Ltd., Sonoco Products Company, Huhtamaki Group, Mondi Plc and Graphic Packaging International, LLC. Other emerging companies in the food tub packaging market are Sabert Corporation, Polyoak Packaging Group (Pty) Ltd., Argento Plastic Manufacturers, Innavisions Limited, Plus Paper Foodpac Ltd. and several others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Food Tub Packaging Market Segmentation
The global food tub packaging market can be segmented on the basis of material as
- Polyethylene (PE)
- HDPE
- LDPE
- LLDPE
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Bio-based plastics
- Multilayered
- Paperboard
- Others
Due to high variation of raw material price for manufacturing packaging with different materials such as multilayered plastics, monolayer plastics, bio-based plastics and others, the pricing analysis of the global food tub packaging market is to be made on segmentation by material type.
The global food tub packaging market can be segmented on the basis of shape as
- Round
- Square
- Customized and others
The global food tub packaging market can be segmented on the basis of capacity as
- Up to 500 ml
- 500 to 1,000ml
- 1,000 to 3,000ml
- Above 3,000ml
The global food tub packaging market can be segmented on the basis of end-use as
- Foodservice
- Desserts
- Powdered Beverages
- Snacks
- Fresh Produce
- Dips
- Dry fruits
- Bakery products
- Others
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