Future Market Insights

Rigid Food Containers Market : Insights Into the Competitive Scenario of the Market


Valley Cottage, NY -- (SBWIRE) -- 12/04/2017 -- Rigid containers are utilised extensively in the food & beverage industry for facilitating convenience in handling food products and preventing damages. Various rigid packaging types used for packaging food products include boxes & cartons, bottles & jars, cans, cups & tubs, and trays. Rigid packaging products comprise high stiffness, high impact strength, and high barrier properties.

The shifts in household size & income, along with changing lifestyles and busy work regime, have dramatically influenced the food purchasing behaviour of consumers. This has further resulted into important implications for channel strategies and new product development in food packaging, such as rigid containers. Rigid food containers have been gaining immense popularity over the past few years, providing longer shelf life to food products. Demand for convenience food has witnessed an upsurge owing to growing number of nuclear families.

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The number of one-person households has increased gradually from just over 10% in 1961 to more than 30% in 2011, according to the U.K.'s Office for National Statistics. This proportion will further gain a significant rise in the near future, leading toward higher demand for packaged food products.

Rigid packaging caters well to applications, where flexible packaging fails to compete, including baby food, meat, poultry & sea food, bakery & confectionary, fruits & vegetables, dairy products, and ready-to-eat food. Robust expansion of geographic customer base of food & beverage industries has resulted into an increased global trade, propelling the need for preventing food products from damages while shipping.

According to a recently published research report by Future Market Insights (FMI), the global market for rigid food containers will experience a moderate expansion over the assessment period, 2017 to 2022. Global sales of rigid food containers are estimated to exceed US$ 80,000 Mn in revenues by 2022-end.

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Collectively projected to account for over half revenue share of the market in 2017, ready-to-eat and bakery & confectionary food products will remain lucrative applications of rigid food containers. Sales of rigid food containers for ready-to-eat food products will register the highest CAGR through 2022.

Key participants profiled in FMI's report on the global rigid food containers market include Amcor Ltd., Sealed Air Corp., Berry Global Group, Inc., DS Smith PLC, Ball Corporation, Packaging Corp. of America, Crown Holdings, Inc., Smurfit Kappa Group PLC, Printpack Inc., Sonoco Products Co., Bemis Co., Inc., and Huhtamaki Oyj.