Sanitary food & beverage packaging is expected to garner immense revenue generation opportunities across the US market throughout North America. Stringent packaging regulations imposed by key regulatory authorities such as the Food & Drug Administration (FDA) is likely to be the chief growth driver for the regional market
According to Future Market Insights, the sanitary food & beverage packaging market saw soaring growth in 2022 at compound annual growth rate (CAGR) of 5%. As per recently updated FMI analysis, the sanitary food & beverage packaging market likely to register 5.8% CAGR between 2021 and 2031.
Implementation of strict regulatory policies by international food & beverage packaging regulatory bodies to promote sustainable sanitary food & beverage packaging will accelerate the market growth. Modernization in food packaging industry has also made a significant impact on sanitary food & beverage packaging market growth. Introduction of eco-friendly packaging materials and digitization of supply chain will boost the market growth.
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How Lucrative is the Sanitary F&B Packaging Market in the UK?
The UK sanitary food & beverage packaging market is highly reliant on the government’s legal labelling requirements. According to UK law, all prepacked foods require a food label that displays certain mandatory information. All food is subject to general labelling requirements and any labelling provided must be accurate and not misleading.
As per the UK Food Standards Agency, food manufacturers are required to clearly indicate the name of the food as prescribed under law. In the absence of a legal name, a customary name can be used. Furthermore, a list of ingredients must be clearly indicated in the order of weight, as well as information about potential allergens. Recently, in April 2021, the British Soft Drinks Association (BSDA) reinforced its commitment to endorse regulatory provisions requiring energy drink companies to declare high caffeine content if present on their product containers.
Key Takeaways
- Rapid population growth, increasing consumer spending on food and beverages, and strict government regulations will provide lucrative market growth opportunities in U.S.
- Establishment of legal labeling system coupled with presence of leading market players in the U.K. will drive the sanitary food & beverage packaging market growth in the country.
- Growing emphasis on developing sustainable packaging and recycling process and government initiatives towards creating bio-based plastic food packaging will accelerate the market growth in Germany.
- Constant efforts from Japanese government towards reducing micro-plastics and restricting the unwanted packaging waste will drive the market growth during the forecast period in Japan.
- Thriving food delivery services in China has led to surge in discarded plastic waste. Government and food companies are promoting customers towards recycling of the plastic wastes by offering rewards. Such strategies will fuel the market growth in China.
Prominent Drivers
- Stringent food safety regulations implemented to ensure that quality of product is maintained will accelerate the sanitary food & beverage packaging market growth.
- Rising population and elevated consumption of packed foods and beverages will drive the market growth.
- Increasing government efforts to make paper and paper product based sanitary food & beverage packaging and increasing environment related awareness will intensify the market growth.
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Key Restraints
- High capital investment and high supply chain maintenance cost hampers the adoption of advance sanitary food & beverage packaging system among small manufacturers.
- Rising cases of counterfeiting and cheap imitation of authentic products restricts the market growth.
- Banning of plastic in many countries will negatively influence the sanitary food & beverage packaging market sales.
Prominent sanitary food & beverage packaging market players profiled by FMI’s report include:
- FP Corporation
- Chuo Kagaku Co. Ltd.
- Karatzis SA
- Crown Holdings Inc.
- Ball Corporation
- Silgan Containers
- Kaira Can Company Limited
- Canfab Packaging Inc.
- Berlin Packaging LLC
Table of Content
- Global Sanitary Food and Beverage Packaging Market – Executive Summary
- Global Sanitary Food and Beverage Packaging Market Overview
2.1. Introduction
2.1.1. Global Sanitary Food and Beverage Packaging Market Taxonomy
2.1.2. Global Sanitary Food and Beverage Packaging Market Definition
2.2. Global Sanitary Food and Beverage Packaging Market Size (US$ Mn) and Forecast, 2021 – 2031
- Global Sanitary Food and Beverage Packaging Market Analysis and Forecast By Packaging Type
3.1. Global Sanitary Food and Beverage Packaging Market Size and Forecast By Packaging Type, 2021 – 2031
3.1.1. Paperboard Market Size and Forecast, 2021 – 2031
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Rigid Plastic Market Size and Forecast, 2021 – 2031
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