Press release
Edible Oil Packaging Market Size & Share - 2023 - 2031 | FMI
Edible Oil Packaging Market
Competitive Landscape
Companies operating in edible oil packaging market are investing heavily in research & development activities to develop innovative edible oil packaging solutions, to cater the advanced retail and manufacturing industry needs.
In December 2020, Vetropack Holding Ltd. acquired Moldovan Glassworks, a company based in Chisinau to strengthen its market presence in the region.
In November 2020, Colep Packaging was awarded for the Gold Award for 'Food-Three-Piece' at cans of the year in 2020.
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Key Companies Profiled
Tetra Pak International S.A.
Berry Global Group Inc
Scholle IPN Corporation.
Glenroy, Inc.
Crown Holdings, Inc
Sealed Air Corporation
DS Smith Plc
Smurfit Kappa Group
Technocan S.A.
Amcor Plc
ASA Group
2016-2020 Global Edible Oil Packaging Market Outlook Compared to 2021-2031 Forecast
As adoption of packaged foods continues increasing along with the expansion of food processing industry, the demand for various essential ingredients such as cooking (edible) oil, spices and dairy products will surge.
According to FMI, sales in the global edible oil packaging market are expected to grow at 5.8% CAGR between 2021 and 2031, registering an increase of 2.7% than demand registered in 2016-2020.
Recent change in lifestyle of consumers has contributed towards the growing demand for consumables with added preservatives with longer shelf life. With the expansion of food industry, sales of edible oil have recorded a sharp rise across the globe.
Demand for ready-to-eat foods, along with the frozen foods will increase the consumption of edible oil globally, resulting in high demand for edible oil packaging solutions. Edible oil is now packed in convenient packaging designs, which are easy-to-store and perfectly suitable for modern-day retail facilities. Edible oils packed in pouches, bottles, jars, cans, and liquid cartons are introduced to overcome problems faced by traditional space-consuming packaging solutions.
A wide range of rigid and flexible packaging types are designed to perfectly cater the changing buying patterns among consumers and offer hassle-free packaging solutions to retailers.
Marketers and end-users of edible oil packaging solutions are trying to differentiate their products based on ease in dispensing the consumable oil-packed inside it. Most of the consumer base today prefer hassle-free packaging without any risk of wastage or damage to the product, which allows them easy retrieval of edible oil.
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How are sales of edible oil packaging being boosted by favourable international trade regulations?
By lowering the tariffs on oil import and export and classifying it as an important commodity, government agencies in charge of trade and commerce are encouraging producers of edible oils as well as exporters. For instance, the Indian government eliminated all quantitative restrictions and pack size requirements and made the export of all edible oils free, with the exception of mustard oil. Such government initiatives will increase India's exports of edible oils in the near future.
The need for edible oil packaging solutions of all sizes will increase as a result of statutory regulations that encourage edible oil exports and free commerce without any limitations on package sizes.
Edible Oil Packaging Market by Category
By Packaging Type:
Bottles
Pouches
Jerry Cans
Cans
Drums
Bag in Box
Others (Liquid Carton, etc.)
By Material:
Plastic
Glass
Metal (Aluminum)
Paper
By Capacity:
50 to 500 ml
501 to 1000 ml
1001 to 5000 ml
Above 5000 ml
By Oil Type:
Soybean Oil
Coconut Oil
Olive Oil
Cottonseed Oil
Sunflower seed Oil
Peanut Oil
Mustard oil
Others (Palm Oil, Corn Oil, Rice Bran Oil, etc.)
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa (MEA)
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients
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