Rigid Food Containers Market

Rigid Food Containers Market: APEJ to Remain Dominant in Global Rigid Food Containers Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2022)

  • 2017-10-04
  • REP-GB-5124
  • 170 pages
  • PDF PPT EXCEL
Rigid Food Containers Market

An Incisive, In-depth Analysis on the Rigid Food Containers Market

This study offers a comprehensive, 360 degree analysis on the Rigid Food Containers market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Rigid Food Containers market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.                                                           

High Demand for Convenience Food Products & Better Packaging Facilities

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. 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. In addition, rapidly changing demographics, increased expenditure on packaged food products worldwide, and improved manufacturing output have driven demand for better packaging facilities, such as rigid packaging, in the food & beverage industry.

Increased Global Trade propelling Need for Preventing Food Products from Damage while Shipping

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. Materials used for rigid food containers such as paperboard, metal, and glass are reusable & recyclable. Leading rigid food containers manufacturing companies are focusing on continuous product innovations, and moving beyond adoption of conventional material and products to lower carbon emissions from rigid plastic packaging.

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.

APEJ to Dominate Global Rigid Food Containers Market

In terms of revenues, Asia-Pacific excluding Japan (APEJ) will dominate the global rigid food containers market in 2017, and the trend will continue throughout the assessment period. The rigid food containers market in APEJ is projected to register a comparatively higher CAGR than the global market through 2022. North America will also continue to be a lucrative region for the rigid food containers market, with sales estimated to reach nearly US$ 20,000 Mn in revenues by 2022-end.

On the basis of materials, plastic will remain sought-after among manufacturers of rigid food containers, followed by paperboard. Revenues from plastic and paperboard used for rigid food containers are expected to account for nearly 80% share of the market in 2017. By 2022, plastic will gain an uptick in its market share, while paperboard will witness a slight decline in its market share, in terms of revenues.

Trays – Dominant Packaging Type of Rigid Food Containers

Trays will remain the dominant packaging type of rigid food containers, in terms of revenues as well as sales expansion. Over one third revenue share of the market will be accounted by trays in 2017. Bottles & Jars will continue to be the second most lucrative packaging type of rigid food containers in terms of revenues, although projected to register a sluggish expansion in sales through 2022.

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.

Company Profiles

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.

A comprehensive, insightful, and an unbiased report, titled “Rigid Food Containers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, has been recently published by Future Market Insights (FMI). The report explores the global rigid food containers market in detail, exhaustively covering the market dynamics.

The report offers its readers with insights on trends impacting growth of global rigid food containers market. Examination of data across different market parameters has been done in this report, for deducing the global rigid food containers market’s value. The report has also provided information on competition landscape of the global rigid food containers market, profiling key market participants in detail.

Report Synopsis

FMI’s report on the rigid food containers market follows a systematic structure, allowing readers in gaining a firm grasp on the market, considering all the intricacies across analysed segments in easy-to-understand format. The report starts with an executive summary, which renders a snapshot of the global rigid food containers market, followed by a brief market introduction and definition of - rigid food containers. An overview of the global rigid food containers market has been offered in the executive summary, along with significant & relevant market numbers, which include historical (2012-2016) and Forecast (2017-2022) CAGRs.

The executive summary also gives information about lucrative markets based on highest CAGR and largest revenue share. Succeeding chapters of the report provide information on pricing analysis, cost structure, supply chain analysis, product life cycle, and supplier list. Presence of key industries operating in the global rigid food containers market has been portrayed through an intensity map.

Market Taxonomy

The global rigid food containers market report then moves ahead towards evaluation of the market, which is done through a segmentation-wise analysis. The market numbers associated with segmentation analysis are based on market share comparison, year-on-year growth comparison, and revenue comparison. The report includes specific chapters providing insights on the basis of regional analysis on the market, highlighting prominent countries within the regional segments. The global market for rigid food containers has been segmented on the basis of regions into North America, Latin America, Japan, Asia-Pacific excluding Japan (APEJ), Europe, and Middle East & Africa (MEA).

Region

Material Type

Packaging Type

Application

  • North America

  • Plastic

  • Trays

  • Meat, Poultry & Seafood

  • Latin America

  • Paperboard

  • Bottles & Jars

  • Dairy Products

  • Europe

  • Glass

  • Cans

  • Bakery & Confectionary

  • Japan

  • Metal

  • Cups & Tubs

  • Ready to Eat Food

  • APEJ

 

  • Boxes & Cartons

  • Baby Food

  • MEA

 

  • Others

  • Fruits & Vegetables

 

 

 

  • Other Applications

 Competition Landscape

The report concludes with chapters providing information about competition landscape of the global rigid food containers market. Information related to has been offered in terms of product overview, company overview, key financials, SWOT analysis, and key developments made by the market players. The competition landscape is considered as the most crucial part of the report, where readers have access to an understanding of major companies involved actively in the global rigid food containers market. These chapters of the report offer necessary insights regarding current market standings of leading market players, and the way these players implement key strategies for increasing their presence in the global rigid food containers market.

Research Methodology

The research methodology adopted by analysts at Future Market Insights (FMI) is a perfect concoction of various primary interviews conducted with experts & key stakeholders in the industry, merged with an exhaustive secondary research. Primary research is associated with present & future market scenario across developed as well as developing economies, providing adequate attention to dynamics of the market. A rigorous data validation follows secondary and primary research, for gleaning quantitative as well as qualitative insights that impact major business decisions.

Rigid Food Containers Market Reports - Table of Contents

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Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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