The global Rigid Food Packaging Market is set to gain a valuation of US$ 197.5 billion in 2023. It is likely to exceed US$ 317.7 billion by 2033, and exhibit a CAGR of 4.9% between 2023 and 2033. About 30 to 35% of the global market share is estimated to be captured by the top 5 rigid food packaging manufacturers in 2033.
The surging appetite for snacks like potato chips, bread, and sausages in emerging economies, notably India and China, is a pivotal catalyst propelling the adoption of rigid food packaging solutions. Shifting consumption patterns and evolving lifestyles are key drivers fueling the heightened demand for snack packaging solutions.
Rigid food packaging refers to packaging materials that provide a sturdy and durable structure for protecting and preserving food products. These materials are commonly used for various food and beverage packaging applications. Here are some key points related to the rigid food packaging market:
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Top Trends Fueling Sales of Rigid Food Packaging Solutions Globally
The growing favor for food cans as a prominent choice in the realm of food packaging is poised to elevate the rigid food packaging market. Rigid food packaging crafted from metal has experienced a significant upsurge in demand in recent years, primarily attributed to the increasing global awareness and concerns regarding environmental sustainability.
Key Takeaways:
Material Diversity: Rigid food packaging encompasses a range of materials, including plastics (e.g., PET, PP), glass, and metal (e.g., aluminum, steel). The choice of material depends on factors like product type, preservation needs, and sustainability goals.
Product Protection: Rigid packaging is designed to protect food products from external factors such as moisture, oxygen, light, and contaminants. It helps extend the shelf life of perishable goods.
Sustainability Focus: Environmental sustainability is a dominant trend in the industry. Manufacturers are exploring eco-friendly materials, lightweighting options, and recyclable packaging to reduce the environmental footprint of rigid food packaging.
Consumer Convenience: Consumer preferences for on-the-go and single-serving packaging formats are driving innovations in rigid packaging. Features like portion control, easy-open designs, and resealable closures enhance consumer convenience.
E-commerce Compatibility: The rise of e-commerce has increased the demand for robust and secure packaging solutions that can protect food products during transit. Packaging innovations that cater to e-commerce needs are gaining traction.
Customization and Branding: Customized packaging designs play a critical role in brand differentiation within the food industry. Eye-catching designs and unique packaging shapes contribute to product identity and consumer appeal.
Regulatory Compliance: Rigid food packaging materials are subject to strict regulations and standards related to food safety, labeling, and hygiene. Compliance with these regulations is essential for manufacturers.
Changing Consumer Habits: Evolving consumer preferences, such as a focus on healthier food options, increased demand for sustainable packaging, and the impact of the COVID-19 pandemic on hygiene concerns, influence packaging choices.
Global Market Growth: The rigid food packaging market has experienced consistent growth due to the expansion of the food and beverage industry, urbanization, and changing consumer lifestyles.
Health and Safety Considerations: The pandemic has heightened concerns related to health and safety, impacting packaging choices. Consumers are more conscious of packaging hygiene and safety features.
Key Companies Profiled:
- 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
- WestRock Company
- Sealed Air Corporation
- Smurfit Kappa Group plc
- Huhtamaki Oyj
- Genpak, LLC
- Georgia-Pacific LLC
- Winpak Ltd
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Recent development strategies implemented by leading players in the rigid food packaging industry include:
- In September 2022, Amcor plc launched a new range of sustainable packaging solutions called ‘DairySeal.’ It is a line of packaging featuring ‘ClearCor.’ It also has an advanced PET barrier, especially for application in the ready-to-drink dairy product market.
- In December 2022, Greif Inc. announced the completion of its acquisition process of Lee Container Corporation Inc., which is a manufacturer of blow-molded containers.
- In May 2022, Berry Global Inc. announced the launch of a new all-clear plastic cup in partnership with Taco Bell. It is made up of post-consumer recycled plastic.
- In January 2022, Sonoco Products Company announced the acquisition of a manufacturing company named Ball Metal pack. It is a reputed sustainable metal packaging manufacturer for food, aerosol, and household products.
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)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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