The global rigid food containers market is on a robust growth trajectory, set to reach a valuation of US$ 195.7 billion in 2022 and projected to expand at a compound annual growth rate (CAGR) of 4.8% over the next decade. By 2032, the market is anticipated to hit an impressive US$ 314.2 billion, driven by increasing demand for smart packaging solutions and the growing preference for convenient and portable food options.
According to Future Market Insights (FMI), the global rigid food containers market, which accounted for around 55-60% of the overall food packaging market valued at US$ 319 billion in 2021, reached a valuation of US$ 185.7 billion in 2021. The top three countries are expected to hold 30% – 35% of the global market share by the end of 2032, highlighting the significant influence of major players in this sector.
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The demand for rigid food containers is bolstered by changing consumer preferences toward packed and convenient food, which can be quickly served and consumed, saving time in the kitchen. Rigid food containers such as bottles, trays, clamshells, cans, and boxes provide secure packaging, easy handling, and help preserve the nutrition and freshness of food products for longer periods.
Smart Packaging Solutions Lead the Charge
One of the top trends driving sales in the rigid food containers market is the higher adoption of smart packaging solutions. Smart packaging, which combines active and intelligent packaging elements, provides cost-effective ways to monitor food conditions throughout the supply chain. This includes antimicrobials, moisture absorbers, modified atmosphere packaging (MAP), and value-added packaging (VAP) that delay food ripening and extend shelf life by reducing microbial growth.
The World Food Program (WFP) reports that nearly one-third of food produced for human consumption is either wasted or lost globally, amounting to approximately 1.3 billion tons annually, worth about US$ 1 trillion. If food waste were a country, it would rank as the third-largest producer of carbon dioxide worldwide, following the U.S. and China. In response, manufacturers are increasingly adopting intelligent and active packaging solutions to reduce food waste.
Implications for New Product Development & Channel Strategies in Food Packaging
Rigid food containers are gaining tremendous popularity since the recent past, offering the food products with a long shelf life. Constantly changing lifestyles of consumers, along with their busy work routine, and rapid shifts in household income & size have significantly affected the consumers’ behaviour of buying food products. This has further led towards important implications for new channel strategies and product development in packaging of food, such as rigid containers. Moreover, robust transformations in demographics, improvisations in manufacturing output & productivity, and huge expenditure on packaging of food products across the globe have fuelled requirement for highly advanced packaging facility, such as rigid containers, in the food and beverage sector.
The global market for rigid food containers is highly fragmented in nature, with a large number of suppliers and manufacturers competing to gain a competitive edge. FMI’s report has listed key participants operating actively in the global market for rigid food containers, which include Huhtamaki Oyj, Bemis Co., Inc., Sonoco Products Co., Printpack Inc., Smurfit Kappa Group PLC, Crown Holdings, Inc., Ball Corporation, DS Smith PLC, Berry Global Group, Inc., Sealed Air Corp., Amcor Ltd., and Packaging Corp. of America.
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Key Segments Covered
Region :
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Material Type :
- Plastic
- Paperboard
- Glass
- Metal
Packaging Type :
- Trays
- Bottles & Jars
- Cans
- Cups & Tubs
- Boxes & Cartons
- Others
Application :
- Meat, Poultry & Seafood
- Dairy Products
- Bakery & Confectionary
- Ready to Eat Food
- Baby Food
- Fruits & Vegetables
- Other Applications
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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