The U.S. rigid food containers market is anticipated to hold around 80% of the North America market share by the end of the forecast period. Growth is attributed to the fast-growing and expanding food industry in the U.S. along with the increased consumption of ready-to-eat food products in the country.
NEWARK, DE / ACCESSWIRE / September 20, 2022 / The global rigid food containers market is projected to reach a value of US$ 314.2 Bn in 2032, with sales growing at a moderate CAGR of 4.8% over the forecast period of 2022 to 2032. Valued at US$ 185.7 Bn in 2021, the rigid food containers market will likely reach an estimated US$ 195.7 Bn in 2022. The heightened demand for rigid packaging among many manufacturers in the food sector fuels the market growth of rigid food containers during the forecast period.
Rigid food containers are a packaging solution that stores, packs, and delivers food items while maintaining the quality of the products. Bottles, jars, cans, boxes, trays, cartons, clamshells, and cups and tubs are a few examples of rigid food containers. These containers can be made up of different materials like metal, glass, plastic, paper, and paperboard. The market is mainly driven by elevated demand from the food industry.
With an urban lifestyle, consumers are increasingly showing an inclination for ready-to-eat, packaged, and convenient food items. A surge in the consumption of such food items also leads to a swell in the demand for rigid food containers. Besides, the invention of new food products by different manufacturers at the international level is predicted to strengthen market possibilities for rigid food containers. The market for these containers will likely be pushed farther by the growing adoption of sustainable and novel materials by the market manufacturers. Again, the surging adoption of smart packaging solutions also spurs the rigid food containers market growth during the projected period.
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"High preference for rigid food containers by the food sector will likely drive the market growth of the same over the forecast period," says an FMI analyst.
Key Takeaways:
- Adoption of novel and sustainable materials to generate market possibilities.
- The United States accounts for about 80% of the total market share in North America.
- Germany to grow 1.5 times the current market value during the assessment period.
- By material type, the plastic segment is predicted to hold about 40% of the market share.
- Boxes and cartons will likely be highly preferred by the food sector.
Competitive Landscape
Berry Global Group, Sealed Air Corporation, DS Smith plc, Crown Holding, Inc., Smurfit Kappa Group, Huhtamaki Oyj, Genpak LLC, Pactiv LLC, Georgia-Pacific LLC, Winpak Ltd., WestRock Company, Sabert Corporation, International Paper Company, Fabri-Kal, Reynolds Group Holding Limited, Detpak, Dart Container Corporation, Amcor Plc among others are some of the major players in the rigid food containers market that are profiled in the full version of the report.
Leading market players are concentrating on expanding their production capacities by catering to the increasing demand for food containers. Developing eco-friendly and innovative products is another strategy adopted by some of these market players.
More Insights into Rigid Food Containers Market Report
In its latest report, FMI offers an unbiased analysis of the global rigid food containers market, providing historical data from 2012 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of material (plastic, paper & paperboard, metal, glass), packaging type (bottles & jars, trays & clamshell, cans, cups and tubs, boxes and cartons, others (bowls, etc.)), application (meat, poultry & seafood, dairy products, bakery & confectionary, ready-to-eat food, baby food, produce food, other foods (spices, sauces, etc.)), and region.
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According to the latest FMI reports, based on region, the rigid food containers market in the United States is expected to thrive during the forecast period. The country currently accounts for about 80% of the market share in North America. The quickly expanding food industry is accountable for the market growth in this region. Apart from the U.S., Germany, too, is anticipated to show substantial market growth during the assessment period.
Based on segmentation, by material, the plastic segment is predicted to dominate the market while the food sector will contribute to the growing demand for boxes and carton during this period of observation.
Market Segments Covered In Rigid Food Containers Market Analysis
By Material:
- Plastic
- Paper & Paperboard
- Metal
- Glass
By Packaging Type:
- Trays & Clamshell
- Bottles & Jars
- Cans
- Cups & Tubs
- Boxes & Cartons
- Others (Bowls, etc.)
By Application:
- Meat, Poultry & Seafood
- Dairy Products
- Bakery & Confectionary
- Ready-to-eat Food
- Baby Food
- Produce Food
- Other Foods (Spices, Sauces, etc.)
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By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
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