Expected to achieve a valuation of US$ 195.7 billion in 2022, the global rigid food containers market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2032. Anticipated to reach a notable US$ 314.2 billion by 2032, this trajectory highlights the persistent demand for reliable and durable food packaging solutions. By the end of 2032, the top three countries in the global market are expected to collectively secure a significant market share, ranging between 30% and 35%, emphasizing the concentrated influence of key players in shaping the market landscape.
Functioning as a reliable and user-friendly packaging solution, rigid food containers ensure secure storage and effortless handling, facilitating prompt consumption. The versatility of packaging formats, including bottles, trays & clamshells, cans, and boxes, enhances their portability, catering to consumer convenience. Additionally, rigid food containers play a crucial role in extending the shelf life and preserving the nutritional value of food items over an extended duration. This surge in consumer preference for convenient and portable packaging options has significantly bolstered the market, driving increased sales of rigid food containers.
FMI projects a 1.5-fold growth in the German rigid food containers market, surpassing the current market value, attributed to the rising consumption of packaged food within the nation. Notably, Germany stands as the fourth-largest packaged food market globally, as reported by the Food Export Association. In 2021, the United States exported approximately US$ 1 billion worth of consumer-ready foods to Germany, a trend anticipated to persist in the coming decade, consequently propelling the demand for rigid food containers in the German market. This underscores the pivotal role of packaging solutions in catering to the escalating preferences for packaged food items.
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Key Takeaways from Rigid Food Packaging Market
- Based on material, rigid food packaging made from bagasse material is expected to cover 12.4% of the global market share in 2022.
- The cups & tubs segment by packaging type is anticipated to expand by 4.3% CAGR during the forecast period in the rigid food packaging market.
- Based on application, the baby food category is estimated to grow 1.3 times the current rigid food packaging market value during the forecast period.
- The U.S. rigid food packaging market is set to generate a share of around 12.7% in 2033.
- India is projected to cover about 5.4% of the rigid food packaging market share throughout 2023.
Competition Landscape: Rigid Food Packaging Market
- Amcor plc,
- Greif Inc.,
- Crown Holdings, Inc.,
- Mauser Packaging Solutions,
- Berry Global Inc.,
- Silgan Holdings Inc.,
- Sonoco Products Company,
- Pactiv LLC,
- Printpack,
- ITC Packaging,
- DS Smith plc,
- WestRock Company,
- Sealed Air Corporation,
- Smurfit Kappa Group plc,
- Huhtamaki Oyj,
- Genpak, LLC, and
- Georgia-Pacific LLC
among others are few of the key players spurring the global rigid food packaging market.
Market Drivers for Rigid Food Containers:
- Growing Food and Beverage Industry: The demand for rigid food containers is often tied to the overall growth of the food and beverage industry. As the population increases and consumer preferences evolve, the demand for packaged and convenient food products tends to rise.
- Increased Focus on Sustainability: With growing environmental concerns, there has been a shift towards sustainable packaging solutions. Rigid food containers made from recyclable or biodegradable materials might experience increased demand as consumers and companies prioritize eco-friendly options.
- Innovations in Packaging Technology: Advancements in packaging technology, such as improved barrier properties, extended shelf life, and smart packaging features, can drive the demand for rigid food containers.
- Regulatory Compliance: Stringent regulations regarding food safety and packaging standards can drive the adoption of high-quality and compliant rigid food containers.
Market Restraints for Rigid Food Containers:
- Environmental Concerns: While there is a growing demand for sustainable packaging, the production and disposal of certain types of rigid containers might still pose environmental challenges. Issues related to recycling infrastructure and consumer education can impact the market.
- Cost Considerations: Rigid food containers made from certain materials can be expensive compared to alternative packaging solutions. Economic factors can influence the purchasing decisions of both manufacturers and consumers.
- Changing Consumer Preferences: Shifting consumer preferences, such as a preference for flexible packaging or a move away from processed foods, can impact the demand for rigid food containers.
- Supply Chain Disruptions: Disruptions in the supply chain, whether due to natural disasters, geopolitical events, or other factors, can affect the availability and cost of raw materials needed for manufacturing rigid food containers.
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Rigid Food Packaging Market Outlook by Category
By Material:
- Plastic
- Paper & Paperboard
- Metal
- Glass
- Bagasse
By Packaging Type:
- Trays & Clamshell
- Bottles & Jars
- Cans
- Cups & Tubs
- Boxes & Cartons
- Others (Bowls, Cutlery)
By Application:
- Meat, Poultry & Seafood
- Dairy Products
- Bakery & Confectionary
- Ready-to-eat Food
- Baby Food
- Produce Food
- Other Foods (Spices, Sauces)
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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