02-Sep-2024 | Zion Market Research
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), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032”. According to the report, the global rigid food container market was valued at approximately USD 202.5 billion in 2023 and is predicted to grow to around USD 315.77 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.06% between 2024 and 2032.
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.
Browse the full “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), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/rigid-food-containers-market
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.
The global rigid food container market is led by players like:
Global Rigid Food Container Market: Material Type Analysis
Global Rigid Food Container Market: Packaging Type Analysis
Global Rigid Food Container Market: Application Analysis
Global Rigid Food Container Market: Regional Analysis
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