According to Future Market Insights, the global rigid food packaging market is projected to experience significant growth in the coming years. The market is anticipated to exceed US$ 317.7 billion in 2033, with a projected CAGR of 4.9% between 2023 and 2033.
The food service industry has witnessed remarkable growth in recent years, with consumers increasingly adopting eating habits that involve dining out at restaurants, cafes, or ordering food from various digital platforms. This shift in consumer preferences has led to the exponential growth of the food service market.
Numerous food chains have expanded their operations globally, establishing outlets in multiple countries to cater to consumers’ on-the-go and fast food needs. Online food service companies also rely on disposable food containers for packaging and delivering meals to customers.
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The expansion of the online food delivery market is expected to drive the demand for rigid food packaging. Restaurants often provide rigid containers such as plastic and paper containers for takeout and delivery purposes. Fast food chains, in particular, utilize rigid paper boxes for delivering food to their customers.
The busy lifestyles of the working class population are significant factors driving the food service industry and the growth of online food delivery platforms. The increased consumption of outside food, higher disposable income, and changing spending habits contribute to the demand for rigid food packaging solutions.
Overall, the global rigid food packaging market is expected to witness substantial growth due to the expansion of the food service industry, the rise of online food delivery platforms, and the increasing demand for convenient and efficient packaging solutions driven by changing consumer lifestyles and preferences.
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.
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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.
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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)
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