The rigid food containers market is projected to attain a value of US$ 195.7 Billion by 2022, with an expected Compound Annual Growth Rate (CAGR) of 4.8% between 2022 and 2032, leading to a substantial market size of US$ 314.2 Billion by 2032.
The U.S. rigid food containers industry is on a growth trajectory, driven by a surge in demand for ready-to-eat food products within the country. It is expected to maintain a dominant position, holding approximately 80% of the North American market share by the end of the forecast period. The rapid expansion of the food industry in the U.S. and the increased consumption of ready-to-eat food are the key factors contributing to this growth. In 2020, food ranked as the third-largest expenditure for the average U.S. consumer, according to the U.S. Department of Agriculture, highlighting the significant market potential for rigid food containers.
Meanwhile, in Germany, the rigid food containers market is also experiencing substantial growth. The rising need for packed food in Germany is fueling demand for reusable freezer bags, and the market is estimated to expand 1.5 times its current value during the forecast period. Germany’s position as the fourth largest packaged food market globally, coupled with the continued export of consumer-ready foods from the U.S. to Germany, is expected to further boost sales of rigid food containers in the country. This suggests a promising outlook for the rigid food containers industry in both the U.S. and Germany.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5124
The growth of the e-commerce industry is also driving the demand for rigid food containers. As more consumers opt for online shopping, there is an increasing need for packaging solutions that can protect food products during transportation. Rigid food containers are well-suited for this purpose, as they are strong and durable and can help to ensure that food products arrive at their destination in good condition.
The global rigid food containers market is highly competitive, with a large number of manufacturers offering a wide range of products.
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.
Current Market Trends
The Rigid Food Containers Market is witnessing several noteworthy trends that are reshaping the packaging landscape:
1. Sustainable Packaging Solutions
With growing environmental concerns, the market is experiencing a shift towards eco-friendly packaging options. Manufacturers are adopting recyclable and biodegradable materials to reduce the environmental impact of rigid food containers.
2. Innovations in Material Science
Advancements in material science have led to the development of high-performance, lightweight materials that offer enhanced strength and better temperature resistance. This has improved the overall efficiency of rigid food containers.
3. Rising Demand for Ready-to-Eat Meals
The increasing consumer preference for convenience foods has boosted the demand for rigid food containers suitable for ready-to-eat meals. These containers provide convenience, portability, and ease of use, aligning perfectly with the modern lifestyle.
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-5124
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 Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube