According to Future Market Insights, the global rigid food packaging market is expected to reach US$ 317.7 billion in 2033, up from the US$ 197.5 billion that has not yet been tallied in 2023. The market is anticipated to increase significantly between 2023 and 2033, with a 4.9% CAGR.
One of the most significant sectors around the world in recent years is thought to be the food service business. Customers adopt other people’s eating habits through visiting restaurants and cafes or by placing meal orders on a variety of digital platforms. These preferences have drastically increased the market for culinary services.
Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-16447
In the past five years, several food chains have emerged, and by establishing new food chains in multiple nations, they are reaching a global consumer base. Few restaurants and cafes are opening their locations in different nations, and they offer fast meals and food to go. Online meal service businesses frequently use disposable food containers.
Because restaurants typically supply rigid containers like paper and plastic ones, the market for online meal delivery is anticipated to grow with the market for rigid food packaging. For delivering food to customers, several fast food businesses use stiff paper cartons.
One of the key elements influencing the food service sector and online meal delivery platforms is the busy lives of the working class population. The market for rigid food packaging solutions is anticipated to increase due to rising outside food consumption, increasing levels of disposable income, and evolving consumer buying patterns.
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.
“Demand for ready-to-eat food products, increasing hygiene concerns, and rising consumption of canned food are set to burgeon the rigid food packaging market during the estimated time frame,” says a lead analyst at Future Market Insights.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-16447
Escalating Environmental Distress & Usage of Eco-friendly Material Prospering Growth Opportunity for Rigid Food Packaging Market
In the past few years, concerns over the environmental impact of materials used in food packaging industry have been significantly heightened in the global market. Numerous countries are implementing rules and regulations regarding non-degradable materials used on food packaging, causing increased pollution levels.
Necessary actions are being taken by governments to reduce pollution caused by non-decomposable materials such as plastic films and pouches. Few of the manufacturing companies and brands are working towards this initiative. These concerns can be addressed by the application of rigid containers made from bagasse, which is an eco-friendly and renewable resource made from plant fiber.
Plates, cups, takeaway containers, bowls, and other containers can be manufactured from plant fiber. Numerous food businesses are looking forward to using these sustainable rigid food packaging containers, especially driven by high demand for eco-friendly solutions.
Ability of containers made from bio-waste to decompose and biodegrade is expected to fuel the rigid food packaging market. Grease-resistant, water-resistant, temperature- resistant, high strength, and insulating properties of rigid food packaging containers made from plant-based materials are expected to drive the global rigid food packaging market.
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.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-16447
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 Us:
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
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com