According to a recent report by Future Market Insight, sales of packaging solutions for edible oil would increase by 1.7 times to reach 3.7 billion units in 2031. In 2021, the market for packaging edible oil is anticipated to expand annually by 4.1%.
By 2025, FMI projects that sales of drums will be close to $5 billion. The market for edible oil packaging in the United States is anticipated to increase by 1.7% in value in 2021. Through 2031, North American overall sales are anticipated to grow at a 4.7% CAGR.
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Producers of edible oil packaging are focusing on making cost-effective packaging solutions for safe transportation of edible oil and to increase their profit margins.
Edible oil is now packed in convenient packaging designs, which are easy-to-store and perfectly suitable for modern-day retail facilities. Edible oils packed in pouches, bottles, jars, cans, and liquid cartons are introduced to overcome problems faced by traditional space-consuming packaging solutions.
A wide range of rigid and flexible packaging types are designed to perfectly cater the changing buying patterns among consumers and offer hassle-free packaging solutions to retailers.
Marketers and end-users of edible oil packaging solutions are trying to differentiate their products based on ease in dispensing the consumable oil-packed inside it. Most of the consumer base today prefer hassle-free packaging without any risk of wastage or damage to the product, which allows them easy retrieval of edible oil.
Hence, manufacturers are offering pouring caps for easy dispensing of edible oil. A variety of self-closing dispensing taps are also offered along with bag-in-box packaging for edible oils, which keep the surface clean from spillage.
Edible oil packaging consist of a broad range of packaging products such as jars, jerry cans, pouches and bottles, among others. The edible oil packaging sustainable packaging solutions across the food and beverage industry. The type of packaging that is made for edible oil include metal, glass and plastic.
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How are Favorable International Trade Regulations Encouraging Edible Oil Packaging Sales?
Government authorities for trade and commerce are favoring edible oil manufacturers, along with exporters by reducing the tariffs on export and import of oils, categorizing it under the essential consumable items.
For example- The Government of India, has made the export of all edible oils free except mustard oil without any quantitative ceiling and pack sizes. Such initiatives from government will boost the exports of edible oils in India in the coming future.
Competitive Landscape
Companies operating in edible oil packaging market are investing heavily in research & development activities to develop innovative edible oil packaging solutions, to cater the advanced retail and manufacturing industry needs.
- In December 2020, Vetropack Holding Ltd. acquired Moldovan Glassworks, a company based in Chisinau to strengthen its market presence in the region.
- In November 2020, Colep Packaging was awarded for the Gold Award for ‘Food-Three-Piece’ at cans of the year in 2020.
Key Companies Profiled
- Tetra Pak International S.A.
- Berry Global Group Inc
- Scholle IPN Corporation.
- Glenroy, Inc.
- Crown Holdings, Inc
- Sealed Air Corporation
- DS Smith Plc
- Smurfit Kappa Group
- Technocan S.A.
- Amcor Plc
- ASA Group
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Edible Oil Packaging Market by Category
By Packaging Type:
- Bottles
- Pouches
- Jerry Cans
- Cans
- Drums
- Bag in Box
- Others (Liquid Carton, etc.)
By Material:
- Plastic
- Glass
- Metal (Aluminum)
- Paper
By Capacity:
- 50 to 500 ml
- 501 to 1000 ml
- 1001 to 5000 ml
- Above 5000 ml
By Oil Type:
- Soybean Oil
- Coconut Oil
- Olive Oil
- Cottonseed Oil
- Sunflower seed Oil
- Peanut Oil