Global Rigid Food Container Market Is Expected To Reach Around USD 86.69 Billion By 2024

Zion Market Research has published a new report titled “Rigid Food Container Market by Material Type (Plastic, Paperboard, Glass, and Metal), by Packaging Type (Trays, Bottles & Jars, Cans, Cups & Tubs, Boxes & Cartons, and Others), and by Application (Meat, Poultry, & Seafood, Dairy Products, Bakery & Confectionary, Ready-To-Eat Food, Baby Food, Fruits & Vegetables, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024”. According to the report, the globalrigid food container marketwas valued at approximately USD 64.89 billion in 2017 and is expected to generate around USD 86.69 billion by 2024, at a CAGR of around 4.1% between 2018 and 2024.

The primary factor that is likely to drive the rigid food container market in the upcoming years is the rising consumer awareness about environmental, sustainability, and packaging of food issues. Growing population, rapid urbanization, and lifestyle-related changes have resulted in changing food habits of consumers along with the rising need for ready-to-eat, packaged, and non-packaged food products that require prolong storage capacity. The food and beverage industry is increasingly using rigid food containers due to enhanced packaging options. Food products that are stored at room temperature might give rise to fungal or bacterial growth and can lead to food poisoning. These risks can be avoided by using rigid food containers. Thus, these are some factors that are expected to drive the rigid food container market over the forecast timeframe.

Based on the material type, the rigid food container market is segmented into plastic, paperboard, glass, and metal. Rigid food containers made of plastic held major revenue share in 2017, due to their extensive use by the food container manufacturers owing to their various benefits. The paperboard segment is expected to grow substantially over the forecast timeline. By packaging type, the rigid food container market is segmented into cans, cups and tubs, trays, boxes and cartons, bottles and jars, and others. Trays are projected to dominate the rigid food container market over the estimated period. Ready-to-eat food items held a major market share in 2017, due to growing product demand among the consumers.

By region, the global rigid food container market includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The Asia Pacific is expected to dominate the global rigid food container market over the forecast timeline. This regional growth can be attributed to the increasing demand for rigid food containers, rapid industrialization in the Asia Pacific region, the rising disposable income of the middle-class population, improved standard of living, and growing need for canned foods. The North American rigid food container market is expected to contribute notably to the global market growth over the forecast timespan, owing to the thriving food and beverages sector in the region.

Some key players of the global rigid food container market include Bemis Company, Inc., Huhtamaki Oyj., Printpack, Inc., The Smurfit Kappa Group Plc, Sonoco Products Company, Ball Corporation, Crown Holdings Incorporated, BASF SE, Resilux NV, DS Smith PLC, Reynolds Group Holdings Limited, MeadWestvaco Corporation, Sealed Air Corporation, Holmen, Packaging Corporation of America, Berry Global Group, Inc., The Dow Chemical Company, Amcor Limited, Constar International Inc., and Associated Packaging Technologies, Inc., among others.

This report segments the global rigid food container market into:

Global Rigid Food Container Market: Material Type Analysis

• Plastic
• Paperboard
• Glass
• Metal

Global Rigid Food Container Market: Packaging Type Analysis

• Trays
• Bottles and Jars
• Cans
• Cups and Tubs
• Boxes and Cartons
• Others

Global Rigid Food Container Market: Application Analysis

• Meat, Poultry, and Seafood
• Dairy Products
• Bakery and Confectionary
• Ready-To-Eat Food
• Baby Food
• Fruits and Vegetables
• Others

Global Rigid Food Container Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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Tags: Rigid Food Container Market