The global rigid food packaging market is set to gain a valuation of USD 197.5 billion in 2023. It is likely to exceed USD 317.7 billion by 2033, and exhibit a CAGR of 4.9% between 2023 and 2033. About 30 to 35% of the global market share is estimated to be captured by the top 5 rigid food packaging manufacturers in 2033.
High demand for snacks such as potato chips, bread, and sausages in developing countries, especially India and China is a vital factor pushing sales of rigid food packaging solutions. Changes in consumption patterns and changing lifestyles are two factors contributing to the high demand for snacks.
Key companies are set to launch new snacks and food retail outlets to attract a large consumer base. Strict norms associated with the recycling of packaging materials by governments of numerous countries are projected to take sustainable or green packaging at the forefront. Bioplastics are estimated to be demanded by renowned packaging manufacturers across the globe, which would propel sales of rigid food containers.
Based on materials, paper and paperboard food packaging is expected to create substantial growth opportunities in the global market due to its recyclable, as well as compostable, and sustainable nature. The paper rigid food packaging segment is likely to grow 1.5x during the forecast period.
Future Market Insights, in its latest survey, found that the global rigid food packaging industry forms around 55-60% of the global food packaging market, which was worth USD 331.6 billion in 2022. In the same year, the rigid food packaging industry reached USD 189 billion amid escalating consumption of ready-to-eat food and fast food among millennials and the working population.
Expansion of the global food industry, as well as increasing sales of ready-to-eat food and dairy products, is projected to bolster the demand for rigid food packaging. The rigid food packaging market is predicted to expand 1.6 times throughout the assessment period.
| Attributes | Key Insights |
|---|---|
| Rigid Food Packaging Market Estimated Size (2023E) | USD 197.5 billion |
| Projected Market Valuation (2033F) | USD 317.7 billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
| Collective Value Share: Top 5 Countries (2023E) | 35-40% |
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The global market for rigid food packaging exhibited a CAGR of 4.0% during the historical period and generated a value of USD 197.5 billion in 2023 from USD 144 billion in 2015. The market has seen considerable growth in recent times. The strength and security provided by rigid containers are significant drivers of the global market for rigid food packaging.
The expansion of the food industry has supplemented the global market. In the last few years, the demand for packaged food has been rising at a fast pace. Various food delivery websites are adopting advanced rigid food containers while delivering food. Demand for packaged food has been increasing along with the consumption of ready-to-eat food. This trend is likely to support the market for rigid food packaging.
Rigid food packaging includes trays & clamshells, cups, tubs, boxes, cartons, jars, and bottles. They are being used by numerous food brands for food packaging purposes. The growth of the online food delivery sector has substantially increased the use of plastic containers and rigid boxes.
The expansion of retail networks and supermarkets is constantly supporting the food industry, thereby boosting demand for rigid food packaging solutions. Food safety and hygiene have become two important concerns for consumers, which has made food packaging one of the most crucial parts of food marketing. Food brands are working towards improving and developing new food packaging to maintain food quality and hygiene.
Increasing Demand for Can Packaging Solutions for Food Preservation to Drive Sales
The increasing popularity of food cans in the field of food packaging is set to boost the rigid food packaging market. Rigid food packaging made from metal has gained immense popularity in recent times due to rising environmental concerns across the globe.
Metal food containers made from steel and aluminum are being adopted by various food brands for packaging their products. Metal food containers provide strength, durability, and safety to packaged food items, which is a driving force behind the sales of metal food containers in the food packaging market. The most important factor positively affecting metal food packaging is its ability to be recycled and reused.
Metal cans are becoming popular in the market as metal acts as a barrier and provides a structural layer, both of which play a significant role in food preservation. Research and innovations carried out by manufacturing companies in canning have substantially reduced the cost and weight.
The addition of design elements such as printing and laser engraving would allow food brands to develop attractive packaging and help their products to stand out from their competitors. Can linings and coatings for enhancing numerous properties of tin cans with minimum environmental damage and providing well-preserved food are attracting food companies to adopt can packaging solutions. This is a significant factor responsible for fueling the market for rigid food packaging.
Principal Consultant
| Country | USA |
|---|---|
| Market Share (2023) | 15.1% |
| Market Share (2033) | 12.7% |
| BPS Analysis | -240 |
| Country | China |
|---|---|
| Market Share (2023) | 10.0% |
| Market Share (2033) | 10.6% |
| BPS Analysis | 60 |
| Country | India |
|---|---|
| Market Share (2023) | 5.4% |
| Market Share (2033) | 5.9% |
| BPS Analysis | 50 |
| Country | Germany |
|---|---|
| Market Share (2023) | 3.9% |
| Market Share (2033) | 4.0% |
| BPS Analysis | 10 |
| Country | UK |
|---|---|
| Market Share (2023) | 2.0% |
| Market Share (2033) | 2.1% |
| BPS Analysis | 10 |
Increasing Vegan and Vegetarian Population in the UK to Boost Sales of Flexible Food Packaging
According to a survey published by Eating Better in 2021, most of the UK population is leaning towards plant-based and vegetarian food as people want to support sustainable and healthy food choices. Plant-based food is considered to be one of the prominent categories, and affordability provided by the same is flourishing sales of plant-based products.
A wide range of product availability in the plant-based category such as plant-based meat is set to develop the market for vegan food packaging. Ready-to-eat vegan product consumption is further expected to support the rigid packaging market in the country, as consumers are preferring safe and hygienic rigid container packaging. With the increasing veganism and the vegetarian population in the UK, rigid food packaging demand is expected to surge exponentially throughout the assessment period.
Increasing Retail Sales of Plant-based Food in the USA to Fuel Demand for Rigid Food Containers
As per data published by the Plant-Based Foods Association in 2021, retail sales of plant-based food are expected to keep increasing. They were up by 6.2% in 2021 from 2020. Total plant-based market value in the USA shifted to USD 7.4 billion in 2021 from 2020. Retail sales of plant-based food grew three times faster than retail sales of total food in the USA
In the USA, 62% of the population buys plant-based food products, which leads to 7 million USA households. In this category, plant-based milk contributes USD 105 million in terms of growth, and the plant-based meat category has shown a growth of 74% in the last three years.
Expansion of the plant-based food market is anticipated to create new growth opportunities for rigid food packaging solution providers, as it is considered to be one of the most secure and attractive packaging for food products. Metal cans and bottles can prove to be sustainable packaging solutions for plant-based products, and they will make these products fully sustainable.
Sales of Rigid Plastic Food Containers to Skyrocket among Hotels and Restaurants
Based on material, rigid food packaging solutions made from plastic are expected to lead the market during the forecast period. Plastic rigid food containers are being widely used by hotels, restaurants, and other food chains for packaging and serving ready-to-eat meals. As per Future Market Insights, they are expected to hold 41.2% of the market share in 2023.
Demand for Rigid Plastic Packaging Solutions to Soar as Sales of Fresh Foods Burgeon
Demand for produce and fresh foods such as fruits and vegetables is expected to surge at a robust pace in the market for rigid food packaging. Produce food by application is projected to exceed 1.4 times the current market value during the estimated time frame. Increasing health consciousness across the globe is compelling key players to launch fresh food items and offer them in rigid food packaging, which would aid sales.
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Key companies in the rigid food packaging market faced a drop in trade and market share during the pandemic period. Presently, renowned players in the industry are striving to gain a high market share by developing new products in the field of rigid food packaging.
Recent development strategies implemented by leading players in the rigid food packaging industry include:
In September 2022, Amcor plc launched a new range of sustainable packaging solutions called ‘DairySeal.’ It is a line of packaging featuring ‘ClearCor.’ It also has an advanced PET barrier, especially for application in the ready-to-drink dairy product market.
In December 2022, Greif Inc. announced the completion of its acquisition process of Lee Container Corporation Inc., which is a manufacturer of blow-molded containers.
In May 2022, Berry Global Inc. announced the launch of a new all-clear plastic cup in partnership with Taco Bell. It is made up of post-consumer recycled plastic.
In January 2022, Sonoco Products Company announced the acquisition of a manufacturing company named Ball Metal pack. It is a reputed sustainable metal packaging manufacturer for food, aerosol, and household products.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 197.5 billion |
| Projected Market Valuation (2033) | USD 317.7 billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
| Historical Data | 2015 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (USD billion) |
| Segments Covered | Material, Packaging Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East & Africa (MEA); Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, Australia |
| Key Companies Profiled | Amcor plc; Greif Inc.; Crown Holdings, Inc.; Mauser Packaging Solutions; Berry Global Inc.; Silgan Holdings Inc.; Sonoco Products Company; Pactiv LLC; Printpack; ITC Packaging; DS Smith; WestRock Company; Sealed Air Corporation; Smurfit Kappa Group plc; Huhtamaki Oyj; Genpak, LLC; Georgia-Pacific LLC; Winpak Ltd; International Paper Company; Fabri-Kal; Detmold Group; Dart Container Corporation; Sabert Corporation; Mondi Group; Tetra Pak Inc.; Stora Enso Oyj; Plastipak Holdings, Inc; Graham Packaging Company; Chemco Group; Resilux |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
A variety of baby foods and ready-to-eat foods drive the market.
The market will reach USD 317.7 billion by 2033.
A growth rate of 4.9% is predicted from 2023 to 2033.
Amcor plc, Grief Inc., and Pactive LLC are key players.
The sale of ready-to-eat food is predicted to grow by 1.4x.
1. Executive Summary | Rigid Food Packaging Market 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Market Demand Analysis 2015 to 2022 and Forecast, 2023 to 2033 6. Market - Pricing Analysis 7. Market Demand (in Value or Size in USD Million) Analysis 2015 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Material 9.1. Plastic 9.2. Paper & Paperboard 9.3. Metal 9.4. Glass 9.5. Bagasse 10. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Packaging Type 10.1. Trays & Clamshell 10.2. Bottles & Jars 10.3. Cans 10.4. Cups & Tubs 10.5. Boxes & Cartons 10.6. Others (Bowls, Cutlery) 11. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Application 11.1. Meat, Poultry & Seafood 11.2. Dairy Products 11.3. Bakery & Confectionary 11.4. Ready-to-eat Food 11.5. Baby Food 11.6. Produce Food 11.7. Other Foods (Spices, Sauces) 12. Global Market Analysis 2015 to 2022 and Forecast 2023 to 2033, By Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. Middle East and Africa (MEA) 12.5. East Asia 12.6. South Asia 12.7. Oceania 13. North America Market Analysis 2015 to 2022 and Forecast 2023 to 2033 14. Latin America Market Analysis 2015 to 2022 and Forecast 2023 to 2033 15. Europe Market Analysis 2015 to 2022 and Forecast 2023 to 2033 16. Middle East & Africa Market Analysis 2015 to 2022 and Forecast 2023 to 2033 17. East Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033 18. South Asia Market Analysis 2015 to 2022 and Forecast 2023 to 2033 19. Oceania Market Analysis 2015 to 2022 and Forecast 2023 to 2033 20. Country-wise Market Analysis 2022 to 2032 21. Brand Share Analysis 22. Market Structure Analysis 23. Competition Analysis 23.1. Amcor plc 23.2. Greif Inc. 23.3. Crown Holdings Inc. 23.4. Mauser Packaging Solutions 23.5. Berry Global Inc. 23.6. Silgan Holdings Inc. 23.7. Sonoco Products Company 23.8. Pactic LLC 23.9. Printpack 23.10. ITC Packaging 23.11. DS Smith plc 23.12. WestRock Company 23.13. Sealed Air Corporation 23.14. Smurfit Kappa Group plc 23.15. Huhtamaki Oyj 23.16. Genpak LLC 23.17. Georgia-Pacific LLC 23.18. Winpak Ltd 23.19. International Paper Company 23.20. Fabri-Kal 23.21. Detmond Group 23.22. Dart Container Company 23.23. Sabert Corporation 23.24. Mondi Group plc 23.25. Tetra Pak 23.26. Stora Enso Oyj 23.27. Plastipak Holdings, Inc. 23.28. Graham Packaging Company 23.29. Chemco Group 23.30. Resilux 24. Assumptions and Acronyms Used 25. Research Methodology
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Rigid Food Packaging Market
