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A recent market research report by Future Market Insights presents a thorough analytical overview of the global market for rigid food containers and presents pragmatic forecasts regarding its future scope of development over the years between 2017 and 2022. The report is titled “Rigid Food Containers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022).”

A variety of rigid containers such as boxes and cartons, cups and tubs, bottles and jars, and trays find extensive usage in the field of food and beverages owing to their qualities such as high impact strength, high stiffness, and high barrier properties. While these aspects make transportation of foods and beverages easier, they also make storage in display shelves much hassle-free and convenient. Several technological advancements in terms of material used for manufacturing rigid containers for the food and beverages industry and developments in sealing mechanisms also help in extending the shelf-life of food products when rigid containers are used. The report states that the market for rigid food containers will develop at a moderate pace over the report’s forecast period.

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Some of the key factors expected to work in favor of the global rigid food containers market include the rising preference of the global population to packaged, convenience foods, changing lifestyles, staggering rise in the number of one-person households, busy work regimes, and increased disposable incomes, especially in developing economies. Developing economies are also proving to be highly promising for the rigid food containers market owing to the significant rise in urban settings and the increased numbers of supermarkets and hypermarkets.

The report states that the market will exhibit a CAGR of 4% from 2017 to 2022 and rise to a revenue opportunity of US$80,000 mn by the end of 2022.

From a geographical standpoint, the market in Asia-Pacific excluding Japan (APEJ) will be credited for the dominant revenue share in the global market by the end of 2017. The trend is also expected to continue over the report’s forecast period, with the regional market registering a CAGR much higher than other key regional markets over the forecast period.

The report states that despite concerns regarding its rising volumes in dumping grounds, plastic will continue to remain the most preferred material for manufacturing rigid food containers among manufacturers, followed by paperboards. The revenue generated from the sales of plastic and paperboard rigid food containers will account for over 80% of the overall market in 2017. Plastic will continue to hold on to its top spot in the global market by the end of the forecast period while paperboards will witness a slight decline.

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Of the key varieties of packaging types in the global rigid food containers market, the segment of trays is likely to remain the will remain the leading variety, in terms of both sales expansion as well as revenue generation. The segment will account for over a third of the overall market by the end of 2017 and will go on to remain the leading product variety over the report’s forecast period as well.

Some of the leading companies operating in the increasingly competitive vendor landscape of the global rigid food containers market are Huhtamaki Oyj, Berry Global Group, Inc., Amcor Ltd., Ball Corporation, Crown Holdings, Inc., Packaging Corp. of America, DS Smith PLC, Sealed Air Corp., Bemis Co., Inc., Smurfit Kappa Group PLC, Sonoco Products Co., and Printpack Inc.

With a wide range of applications in the pharmaceutical, personal care, chemical, and food and beverage industries the demand for glass bottles is expected to remain strong for the foreseeable future. According to a new Future Market Insights (FMI) report, the market will surpass a valuation of US$ 61 Bn by the end of 2031 at a CAGR of over 5%.

The COVID-19 pandemic has brought the pharmaceutical, manufacturing, logistics, and packaging companies together to deliver the vaccines worldwide. Many COVID vaccines have been approved globally, and 150 + further vaccines are still in clinical trials

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Glass as a primary packaging material will play an essential role in the global vaccine supply chain. Packaging companies are working hard to prevent bottlenecks and shortages. For the vaccine packaging, type I borosilicate molded glass has emerged as a preferred material.

Glass bottles are chemically inert and are highly resistant to enzymes. Consequently, type 1 bottles are ideal to store and deliver vaccines across the globe.

The unprecedented surge in demand for vaccines has pushed manufacturers to increase production capacities to keep up with the supply demand gap. Key players of glass bottles such as Gerresheimer AG and SGD S.A. are committed to supplying type I borosilicate molded glass vials to meet requirements arising during the crisis.

Key Takeaways from Glass Bottles Market

• Type I grade glass bottles are expected to hold more than 50% of the value share owing to applications in storing strong solutions, acids, and alkalis.
• Consumption of the 501-1000 ml glass bottles is expected to reflect relatively larger volumes, with notable demand from the beverage industry.
• The U.S. is a prominent regional market, accounting for more than 84% of sales in North America owing to a mature food and beverage and pharmaceutical sector.
• Germany currently holds the lead in Europe accounting for nearly a fourth of all regional sales in2021.
• China accounts for more than 45% of the value share in East Asia, while Japan and South Korea will make small gains in the upcoming decade.

“A significant rise in the use of glass bottle packaging in the food and beverages industry owing to changes in consumer’s preferences has generated demand. In addition, Type I borosilicate molded glass vials sales will consistently surge amid the Covid-19 pandemic. As a result, customer-centric, branded and affordable glass bottle offerings will drive developments through 2031” says an FMI analyst.

Customization Efforts to Reinforce the Demand for Glass Bottles

Customization details in the glass bottle industry are increasingly being made using 3D blueprints. Even labels and lids are designed using 3D technology. Manufacturers have come up with digital printing technologies for printing on glass bottles.

Glass bottles can be customized according to their shape, choice of finish, color, and design. The customization reinforces brand image, and helps in information dissemination to the consumer. Customization will make help the brands stand out from their competitors.

Impact of COVID-19 on the Glass bottles Market

The ongoing COVID-19 pandemic has affected all the sectors. Pharmaceutical companies have leveraged key opportunities during the pandemic as the increased demand for glass vials for medical purposes will drive short-term revenue generation.

Glass bottle companies have been designated as essential services due to their role in food and beverage and pharmaceutical products. Also, glass bottles are regarded as safe packaging for food items; hence the demand for the glass bottles market has recovered and remained relatively consistent.

Across the globe, alcohol consumption has suffered due to lockdown and travel restrictions. However, online sales and relaxation of regulations, has helped to partially mitigate losses through home delivery services.

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Glass Bottles Market Landscape

Leading players in the market are focused on product development for customization capabilities, in addition to driving investments into bolstering production capacities to keep up with demand. Tier 3 players hold 65-75% of the value share in the global glass bottles market.

Owen Illinois, Inc., Ardagh Group, SA, Vitro, S. A. B. de C. V., Vidrala, S.A, Gerresheimer AG, Vetropack Holding AG, Verallia SA, Frigoglass Jebel Ali FZCO and among others are the prominent players in the global glass bottles market.

The roughly US$ 3.5 Bn market for temperature controlled packaging solution for pharmaceuticals industry has been anticipated to observe strong growth prospects in the coming years. According to a new study by Future Market Insights (FMI), the global revenue through adoption of temperature controlled packaging solution for pharmaceutical products will see just-under 8% CAGR over 2018-2028.

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FMI’s report opines that the demand for biologics is set to outpace the overall pharmaceutical industry’s growth, and biologics are expected to represent 20% growth in the near future. Strengthened by the increasing investment in the healthcare sector across the globe, the development of new methods in biotechnology and clinical trials is expected to register continuous growth, albeit at a slow pace. This, in turn, is anticipated to hamper the demand for temperature-controlled packaging solutions specifically for pharmaceuticals, globally.

Insulated Shippers Account for around 3/5^th Share of the Total Market Revenue

Various types of temperature controlled packaging solutions, such as insulated shippers, insulated protective shippers, insulated containers, and others types including refrigerants, gels, icepacks, and phase change materials, are used in the pharmaceuticals market. In the report, FMI points to a significant market value share of insulated shippers, i.e. nearly 60.0% of the total product type used for temperature controlled packaging solutions for pharmaceuticals market.

Rising use of temperature-sensitive products and the need to transport products in remote locations are expected to be the major driving forces for the growth of temperature controlled packaging solutions, especially insulated shippers, in the pharmaceuticals market globally.

North America to Create Lucrative Opportunities for Manufacturers

According to the FMI study, North America is expected to dominate the temperature controlled packaging solutions for pharmaceuticals market throughout the forecast period. The US is home to some of the major manufacturers and consumers of temperature controlled products in the world. This factor is expected to create immense opportunities for the growth of the global temperature controlled packaging solutions for pharmaceuticals market in the region.

The FMI study analyzes the temperature controlled packaging solutions for pharmaceuticals market in several regions and focuses on key dynamics affecting the temperature controlled packaging solutions for pharmaceuticals market, globally. It has been observed that growing number of diseases across the globe fuel the demand for different pharmaceutical products. This is expected to propel the demand for temperature controlled packaging solutions for pharmaceuticals during the forecast period.

R&D Activities to Play an Important Role in Bolstering Innovations

Research and development activities are an integral part of the manufacturing process in pharmaceuticals and biotech industries, which is reflected in continuous annual increase in pharmaceuticals R&D spending of 4.2% in 2014, compared to the global average spending recorded in 2013.

Also, the development of novel therapies such as stem cells, monoclonal antibodies, and r-proteins alongside pharmaceutical products have further necessitated the use of cold chain packaging solutions at various stages of development.

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Temperature controlled pharmaceutical packaging solutions are validated and designed to rigorous standards to keep products within a safe temperature range for a given period of time. Major uses of temperature controlled packaging solutions for pharmaceuticals are in active pharmaceutical ingredients with strict temperature controls, vaccines, clinical trials, biological products and samples, and products with significant and specific timeline requirements.

Key players which have been profiled in the report temperature controlled packaging solutions for pharmaceuticals market include – Sonoco Products Company, Pelican Biothermal, Sofrigam SA Ltd., Cryopak, Cold Chain Technologies, Envirotainer AB, va-Q-tec AG, Inmark Packaging, American Aerogel Corporation, Snyder Industries, Inc., ACH Foam Technologies, LLC, Tempack Packaging Solutions, S.L., EcoCool GmbH, Exeltainer SL, Intelsius, Inno Cool India Private Limited, Softbox Systems, Insulated Products Corporation, TKT GmbH, Saeplast Americas Inc., and Emball’ISO.

According to Future Market Insights (FMI), the global passive temperature-controlled packaging solutions market is projected to reach US$ 10.6 Bn, exhibiting growth at 9.1% CAGR between 2021 and 2031.

These solutions are required when the products packaged are sensitive to the external atmospheric conditions and are required to be kept under certain temperature ranges.

The passive temperature-controlled packaging solutions aids in maintaining the required temperature parameters during the storage and transportation of the temperature-sensitive products.

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Further, passive temperature-controlled packaging solutions are extensively used in pharmaceutical and food & beverage end-use industries as efficient packaging solutions for products that are affected by temperature fluctuations.

Growing demand for effective yet cost-efficient packaging solutions is anticipated to augment the demand for passive temperature-controlled packaging solutions.

Additionally, biologic and pharmaceutical drugs are among some of the most critical commodities in terms of required safety measures during transportation. Passive temperature-controlled packaging solutions are widely used for biologics and pharmaceutical products which require optimal temperature handling for a longer duration during shipping and logistics activities.

These products require different temperature ranges when they are shipped to warehouses, and a proper compilation is necessary to deliver them to pharmacies. Passive temperature-controlled packaging solutions provide the flexibility of transportation and ease of handling.

They also reduce and prevent any damage to the products during transportation. Moreover, pharmaceutical products are temperature sensitive and could be harmful to patients if they are not handled properly during transit and storage.

On the back of these aforementioned factors, sales of passive temperature-controlled packaging solutions are expected to reach US$ 25.3 Bn by the end of 2031.

Key Takeaways:

• Based on product type, the insulated containers segment is anticipated to remain the leading segment, accounting for over 60% of market share by the end of 2031.
• In terms of application, the frozen segment is estimated to expand at a CAGR of 9.4%, contributing nearly 49% of overall sales by the end of 2031.
• By end-use industry, the pharmaceutical segment is anticipated to expand at a CAGR of 9.8% during 2021-2031.
• The U.S. is expected to spearhead the growth of North America passive temperature-controlled packaging solutions market over the forecast period

 “Several international health agencies and organizations such as World Health Organization are focusing on reducing the wastage of vaccines across the globe. Hence, various programs are initiated to monitor and curb wastage of vaccines during the handling and transportation. These programs are anticipated to positively influence the passive temperature-controlled packaging solutions market.” says an FMI analyst.

Increasing Demand for Passive Temperature-Controlled Packaging Solutions in Food and Beverage Industry to Drive Market

Increasing demand for perishable food products such as meat, seafood, and dairy products is fueling the need for passive temperature-controlled packaging solutions. These solutions offer adequate temperature assurance during transit and storage. Thus, food companies are exhibiting higher inclination for passive temperature-controlled packaging solutions as a cost-effective means for packaging.

Passive temperature-controlled packaging solutions are available in a variety of specifications in terms of shape, size, insulation and packaging format which is highly desirable among manufacturers of the food and beverage industry.

The players in the passive temperature-controlled packaging solutions industry offer an array of products targeted toward specific applications in the food and beverage industry. The specially designed packaging solution for specific applications helps in attracting players in the food and beverage end-use industry that are in search of custom packaging solutions for their products.

There is consistent growth in the number of frozen food items launched in the market that are either exotic or ready to cook. These frozen food products are required to be stored under specific atmospheric conditions during transit to achieve the desired shelf life which is often achieved with the help of passive temperature-controlled packaging solutions.

The increasing demand for passive temperature-controlled packaging solutions in the food and beverage industry can be a revenue-generating opportunity for the manufacturers and is anticipated to drive the growth of the target market.

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Who is Winning?

GEBHARDT Logistic Solutions GmbH, Sonoco Products Company, ACH Foam Technologies, LLC and Cold Chain Technologies are the top players operating in the target market. Furthermore, va-Q-tec AG, Softbox Systems Ltd., Snyder Industries, Inc., are also noticeable players in the passive temperature-controlled packaging solutions market. The Tier 1 players in the market hold 10-15% markets share in the global market for passive temperature-controlled packaging solutions.

Passive Temperature-Controlled Packaging Solutions Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the global market for passive temperature-controlled packaging solutions, analysing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the passive temperature-controlled packaging solutions based on product type (insulated shipper (envelops & panels, EPS, PUR, VIP and others), insulated containers (chest and upright) and others), application (frozen, chilled and ambient) and end-use industry (pharmaceutical, food & beverage and others) across seven regions.

The bag-in-tube market is expected to outperform other alternatives as a single-use packaging system in the global flexible packaging landscape. Witnessing a stupendous CAGR of more than 13%, the global bag-in-tube market will exhibit remarkable growth between 2019 and 2029. Wine packaging would remain a prominent segment contributing to revenue growth of the global bag-in-tube market, as suggested by a new Future Market Insights (FMI) report.

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Some of the key features fueling this growth are preference for bag-in-tube for its 360° area available for printing & embossing and ability to offer extended shelf life of up to 6 to 8 weeks after opening the pack. Metallized PET used in manufacturing bag-in-tube films structures meets customer needs in terms of mechanical resistance and oxygen barrier. The bag-in-tube market is expected to witness an impressive growth rate of 13.7% throughout the forecast period (2019-2029). High-end customization using spigot & handles and type of material used as barrier layers are some of the key trends in the bag-in-tube market.

Key Takeaways – Bag-in-Tube Market Study

• Metalized PET will continue to be highly preferred in the bag-in-tube market, and is projected to capture more than 60% of the market share during the forecast period of 2019-2029.
• Demand from manufacturers of wine and olive oil is collectively expected to hold around 80% of the global bag-in-tube market share by 2029, and its absolute growth is expected to be more than any other segment.
• Western Europe is expected to dominate the bag-in-tube market, and is projected to register an impressive CAGR through 2019-29.

Manufacturers of bag-in-tube can achieve substantial profits by targeting wine and spirit manufacturers as these end users finding bag-in-tube as a lightweight, leak-proof and economical packaging alternative to glass.

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Largely Untapped Markets Exist in Asia Pacific and MEA

Bag-in-tube packaging, which is the extended version of bag-in-box, is very new to some markets. While the market penetration of bag-in-tube is very high in Western Europe, it is somewhat low in North America. The largely profitable markets of Latin America and Eastern Europe, where bag-in-tube is in its introductory and developing stages, are the major producers and consumers of wine, offering a great opportunity for manufacturers of bag-in-tube packaging. APEJ, MEA, and Japan have almost a negligible penetration of bag-in-tube, making them highly profitable regions for manufacturers that aim to improve their market positions.

Bag-in-tube packaging is extensively used for packaging wine and spirits, followed by high-end vegetable oil (olive oil) in European countries. The global millennial population is estimated to surpass 30% mark by the end of 2025. Millennials are easily attracted towards innovative packaging like bag-in-tube and bag-in-boxes as they such packages easy to carry and store. This is expected to create lucrative opportunities for bag-in-tube manufacturers worldwide.