Zion Market Research recently published a report that provides a comprehensive analytical analysis of the global market for rigid food containers, as well as pragmatic estimates for its future scope of expansion between 2017 and 2022. “Rigid Food Containers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2018-2022),” according to the report.
Due to its high impact strength, stiffness, and barrier features, a variety of rigid containers such as boxes and cartons, cups and tubs, bottles and jars, and trays find widespread use in the food and beverage industry. While these features make it easier to transport goods and beverages, they also make storing them on display shelves much easier and more convenient. When rigid containers are employed, certain technological breakthroughs in terms of material used to manufacture rigid containers for the food and beverage sector, as well as developments in sealing mechanisms, contribute to increase the shelf-life of food goods. According to the analysis, the rigid food container market would grow at a moderate rate over the forecast period.
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The rising preference of the global population for 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, are all expected to benefit the global rigid food containers market. Because of the huge expansion in urban environments and the growing number of supermarkets and hypermarkets, developing economies are also proving to be highly promising for the rigid food container market.
According to the analysis, the market will grow at a CAGR of 4% from 2017 to 2022, reaching a revenue opportunity of US$80,000 million by the end of 2022.
By the end of 2017, the Asia-Pacific except Japan (APEJ) market will have the largest revenue share in the global market. The trend is likely to continue over the forecast period of the research, with the regional market exhibiting a substantially higher CAGR than other important regional markets.
Key Segments of the Rigid Food Containers Market
Product Outlook (Revenue, USD Million, 2022 – 2028)
Bottles & Jars
Cans
Cups & Tubs
Boxes
Others
Application Outlook (Revenue, USD Million, 2022 – 2028)
● Meat, Poultry & Seafood
● Dairy Products
● Bakery & Confectionary
● Ready to Eat Food
● Baby Food
● Fruits & Vegetables
● Other Applications
Plastic will continue to be the most chosen material for creating rigid food containers among manufacturers, despite concerns about its expanding volumes in dumping grounds, according to the survey, followed by paperboards. In 2017, the revenue generated from the sale of rigid plastic and paperboard food containers will account for more than 80% of the total market. By the conclusion of the projected period, plastic will maintain its dominance in the global market, while paperboards will experience a modest reduction.
Trays are expected to continue to be the most popular packaging form in the global rigid food containers market, in terms of both sales growth and revenue generation. By the end of 2017, the category will account for more than a third of the overall market, and it will continue to be the most popular product type throughout the projection period.
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.
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