Envisioned to reach a substantial market value of US$ 82 billion by 2032, the global hot fill packaging market projects a growth rate of 4.5% throughout the forecast period from 2022 to 2032. As of 2022, the market is poised to achieve US$ 52.8 billion, reflecting a year-on-year (Y-o-Y) growth rate of 3.5%, up from US$ 51 billion in 2021. This upward trajectory underscores the market’s resilience and its pivotal role in meeting the evolving demands of various industries for effective and efficient hot fill packaging solutions, positioning it as a key player in the global packaging landscape.
In the contemporary beverage industry, hot fill packaging has gained widespread popularity, particularly with the adoption of PET bottles that contribute to extended shelf lives. This liquid food packaging method involves heating the product before filling it into the container. Ideally suited for non-carbonated beverages, soft drinks, and water, hot fill packaging provides an impressive shelf life ranging from approximately 6 to 12 months. Its versatility and effectiveness in preserving product quality make it a preferred choice for manufacturers seeking reliable packaging solutions in the dynamic and competitive landscape of the beverage market.
According to the analysis conducted by FMI, the Asia-Pacific (APAC) region is poised to take the lead in hot fill packaging sales throughout the forecast period. The remarkable growth in the regional market is driven by substantial investments made by key industry players in countries like India and China. As established companies continue to invest significantly in these emerging markets, the Asia-Pacific region emerges as a focal point for the hot fill packaging industry, capitalizing on the burgeoning opportunities and responding to the evolving demands of the dynamic consumer base in this part of the world.
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Hot filling also retains the products’ nutritional properties. However, the fact that hot filling needs heavy bottles that are costly can’t be ignored. This factor could restrain the hot fill packaging market in the near future.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Hot Fill Packaging Market’. It has its indigenous team of analysts and consultants to look through bottom-up approach in primary, secondary, and tertiary modes of research.
“With realization of the fact that hot fill packaging makes way for longer shelf lives, the global hot fill packaging market is expected to grow on a good note in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Hot Fill Packaging Market
- North America holds a significant market share due to beverages being consumed exorbitantly. As such, energy drinks, flavored beverages, and soft drinks are in greater demand.
- The Asia-Pacific is expected to grow at a rapid pace in the hot fill packaging market due to easy access and affordability of the healthy drinks throughout India and China. Out of these, fruit juices are holding a noteworthy market share.
- Europe is at the matured stage of hot fill packaging market and the scenario is expected to be the same even going forward.
Market Competition-
The established players of the global hot fill packaging market include
- Amcor Plc.,
- San Miguel Yamamura Packaging Corporation,
- Aisapack SA,
- Graham Packaging Company,
- among others.
Competitive Packaging-
- Asahi Beverages, in June 2022, did open upgraded Wulkuraka production facility at South-East Queensland. It was worth US$ 55 Million. The factory thus went on to receive two bottling lines – a blow-fill and a hot-fill.
- Amcor Rigid Packaging, in May 2022, introduced PowerPost (a new technology facilitating production of the bottles that would be 30% lighter constituting recycled material. These bottles also make way for a superlative user experience by prevention of spills on opening the drinks. The company claims of PowerPost to be amongst the advanced lightweight solutions regarding hot-fill beverages.
- Amcor PLC AMCR, in August 2022, did launch a modern-day innovation hub at Jiangyin (China) for providing customers based out of the Asia-Pacific with eco-friendly material science and advanced packaging technologies. The company is known for heavily investing in hot-fill beverage packaging.
- Berry Global, in May 2022, did come up with a novel series of hot fill sauce bottles to maximize consumers’ convenience along with maintaining proper on-shelf appearance. This Nova bottle is available in 500 ml and 250 ml sizes, and consists of clear PP (polypropylene). It has a contemporary curved design. The labeling area is big enough to enable better product branding.
What does the Report Cover?
- The research study is based on product type (hot fill packaging containers, hot fill packaging bottles & jugs, and hot fill packaging jars), by material (glass-based hot fill packaging, plastic-based hot fill packaging, polypropylene (PP), PET (polyethylene terephthalate), and likewise), by capacity (hot fill packaging up to 12 Oz, hot fill packaging from 13 Oz to 32 Oz, hot fill packaging from 33 Oz to 64 Oz, and hot fill packaging from 64 Oz and above), and by end-use (hot fill packaging for soups, sauces, and spreads, hot fill packaging for juices, hot fill packaging for ready-to-drink beverages, hot fill packaging for dairy products, and hot fill packaging for nectars).
- With rising demand for products free of preservatives, the global hot fill packaging market is bound to grow atrociously in the upcoming period.
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Key Segments Profiled in the Hot Filling Packaging Market
Product Type:
- Hot Fill Packaging Containers
- Hot Fill Packaging Bottles & Jugs
- Hot Fill Packaging Jars
Material:
- Glass-based Hot Fill Packaging
- Plastic-based Hot Fill Packaging
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Others
Capacity:
- Hot Fill Packaging Up to 12 Oz
- Hot Fill Packaging from 13 Oz – 32 Oz
- Hot Fill Packaging from 33 Oz – 64 Oz
- Hot Fill Packaging from 64 Oz and Above
End Use:
- Hot Fill Packaging for Soups Sauces & Spreads
- Hot Fill Packaging for Juices
- Hot Fill Packaging for Ready-to-drink Beverages
- Hot Fill Packaging for Dairy Products
- Hot Fill Packaging for Nectars
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.
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