Press release
Sturdy Solutions: The Unyielding Rise of the Rigid Food Containers Market, Forecasted to Hit US$ 314.2 Billion by 2032
Introduction:In today's fast-paced world, maintaining the quality and freshness of our food is of paramount importance. This is where the Rigid Food Containers Market comes into play. With an array of innovative and durable options available, consumers now have the opportunity to choose from a variety of containers designed to keep their food fresh and secure. This article delves into the dynamic Rigid Food Containers Market, highlighting its key aspects, offerings, and the benefits it brings to households and businesses alike.
The rigid food containers market is projected to attain a value of US$ 195.7 Billion by 2022, with an expected Compound Annual Growth Rate (CAGR) of 4.8% between 2022 and 2032, leading to a substantial market size of US$ 314.2 Billion by 2032.
Rigid Food Containers Market: Enhancing Food Storage Solutions
Rigid Food Containers, commonly known as food storage containers, have become an essential part of modern kitchens. These containers are designed to ensure optimal food preservation and protection from contamination, extending the shelf life of various edibles.
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The growth of the e-commerce industry is also driving the demand for rigid food containers. As more consumers opt for online shopping, there is an increasing need for packaging solutions that can protect food products during transportation. Rigid food containers are well-suited for this purpose, as they are strong and durable and can help to ensure that food products arrive at their destination in good condition.
The global rigid food containers market is highly competitive, with a large number of manufacturers offering a wide range of products.
Key Takeaways from Rigid Food Packaging Market
1. Based on material, rigid food packaging made from bagasse material is expected to cover 12.4% of the global market share in 2022.
2. The cups & tubs segment by packaging type is anticipated to expand by 4.3% CAGR during the forecast period in the rigid food packaging market.
3. Based on application, the baby food category is estimated to grow 1.3 times the current rigid food packaging market value during the forecast period.
4. The U.S. rigid food packaging market is set to generate a share of around 12.7% in 2033.
5. India is projected to cover about 5.4% of the rigid food packaging market share throughout 2023.
Competition Landscape: Rigid Food Packaging Market
1. Amcor plc,
2. Greif Inc.,
3. Crown Holdings, Inc.,
4. Mauser Packaging Solutions,
5. Berry Global Inc.,
6. Silgan Holdings Inc.,
7. Sonoco Products Company,
8. Pactiv LLC,
9. Printpack,
10. ITC Packaging,
11. DS Smith plc,
12. WestRock Company,
13. Sealed Air Corporation,
14. Smurfit Kappa Group plc,
15. Huhtamaki Oyj,
16. Genpak, LLC, and
17. Georgia-Pacific LLC
among others are few of the key players spurring the global rigid food packaging market.
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Current Market Trends
The Rigid Food Containers Market is witnessing several noteworthy trends that are reshaping the packaging landscape:
1. Sustainable Packaging Solutions- With growing environmental concerns, the market is experiencing a shift towards eco-friendly packaging options. Manufacturers are adopting recyclable and biodegradable materials to reduce the environmental impact of rigid food containers.
2. Innovations in Material Science- Advancements in material science have led to the development of high-performance, lightweight materials that offer enhanced strength and better temperature resistance. This has improved the overall efficiency of rigid food containers.
3. Rising Demand for Ready-to-Eat Meals- The increasing consumer preference for convenience foods has boosted the demand for rigid food containers suitable for ready-to-eat meals. These containers provide convenience, portability, and ease of use, aligning perfectly with the modern lifestyle.
Rigid Food Packaging Market Outlook by Category
By Material:
Plastic
Paper & Paperboard
Metal
Glass
Bagasse
By Packaging Type:
Trays & Clamshell
Bottles & Jars
Cans
Cups & Tubs
Boxes & Cartons
Others (Bowls, Cutlery)
By Application:
Meat, Poultry & Seafood
Dairy Products
Bakery & Confectionary
Ready-to-eat Food
Baby Food
Produce Food
Other Foods (Spices, Sauces)
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Dairy Products Packaging Market: https://www.futuremarketinsights.com/reports/dairy-products-packaging-market
Next Generation Packaging Market: https://www.futuremarketinsights.com/reports/next-generation-packaging-technology-market
Vaccine Packaging Market: https://www.futuremarketinsights.com/reports/vaccine-packaging-market
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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