Paperboard Sanitary Food & Beverage Packaging Materials to Contribute over a Third of Global Revenue: FMI Study
ESOMAR-certified consulting firm Future Market Insights has recently published a report on the global sanitary food & beverage packaging market for the forecast period 2021-2031. As per the study, the market is poised to witness a strong CAGR throughout the forecast period, underpinned by increasing emphasis on food safety during the supply chain as well as mitigating environment impacts by reducing wastage.
Sanitary Food And Beverage Packaging Market
A recent market study published by FMI on the sanitary food & beverage packaging marke...
According to FMI’s analysis, the market posted significant gains in the historical period, registering a CAGR of nearly 5% until 2020. Heightening sustainability concerns associated with conventional packaging material uptake is largely fueling growth prospects. Statistics indicate that consumer packaging generates the maximum amount of plastic and paper waste, comprising about a fifth of all waste in landfills.
Hence, prominent food & beverage giants are looking to incorporate significant changes in their manufacturing processes. For instance, Alter Eco has partnered with Natureflex to manufacture a compostable wrapper made of eucalyptus and birch trees with microscope aluminum layers that maintain freshness of its chocolate truffles. Likewise, BOSS Foods’ compostable wrappers in collaboration with TIPA Corp helps achieve the same shelf life of a product as conventional plastic.
Key Takeaways from FMI’s Sanitary Food & Beverage Packaging Market Study
- Paperboard sanitary food & beverage packaging to account for over a third of the revenue through 2021
- By product type, milk & other beverage cartons are likely to account for around 25% of the revenue
- US to emerge as the most lucrative sanitary F&B packaging market across North America, owing to stringent FDA guidelines
- Explicit ingredient labelling requirements to majorly influence market demand in the UK
- Germany to expand significantly in the sanitary F&B packaging market attributed to growing emphasis on bioplastics
- Japan & China to emerge as highly significant markets within the Asian continent
“Mounting concerns about possible contamination by biotic components during the manufacturing process combined with a global drive to attain packaging sustainability are collectively driving demand for sanitary packaging materials,” says the FMI analyst.
FP Corporation, Chuo Kagaku Co. Ltd., Karatzis SA, Crown Holdings Inc., Ball Corporation, Silgan Containers, Kaira Can Company Limited, Canfab Packaging Inc. and Berlin Packaging LLC are some prominent sanitary food & beverage packaging manufacturers profiled by FMI’s report.
In April 2021, Ball Corporation announced that it plans to become a Proud Sustainability Partner of the Los Angeles Chargers. The partnership will include community engagement, increased use of aluminum beverage packaging and game day activations to improve recycling processes and education. The partnership aims to implement real-world solutions to the packaging waste crisis by increasing use of infinitely recyclable aluminum cans, cups and bottles.
With regard to product offerings, Canfab Packaging Inc. offers composite cans in diameters ranging from 1 9/16” to 5” to a maximum length of 38”, and wall thickness upto 1/16”. This wide range allows for numerous sizes, most of which do not require special tooling.
More Insights on the Global Sanitary Food & Beverage Packaging Market
In its latest report, FMI offers an unbiased analysis of the global sanitary food & beverage packaging market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of packaging type (paperboard, rigid plastic, glass, flexible plastic, metal and other packaging types) and product type (milk & other beverage cartons, cups & liquid tight containers, folding food containers, boards & trays and other product types) across six major regions (North America, Latin America, Europe, Japan, APEJ and Middle East & Africa)
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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