Global Food Oil Packaging Market Overview:
Storage is a very important step of any food, including oil. In fact, oil shelf life can be influenced by different factors, from the quality to processing technologies, however, the selection of proper storage conditions, including packaging, can be of great importance. Packaging can directly affect oil quality by protecting the product from both oxygen and light. Materials which have been used for oil packaging include glass, metals and more recently plastics and plastics coated paperboard.
As per latest study released by AMA Research, the Global Food Oil Packaging market is expected to see growth rate of 6.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Adoption of Bio Adhesives and Advancement in Packaging Technology
Market Growth Drivers:
Rise Inclination of Food Oil Manufacturers towards Sustainable Packaging Products and Growth in Food Packaging Industry
Challenges:
Fluctuating Prices of Raw Material
Restraints:
Stringent Regulations Imposed By Various Governmental Organizations Regarding Use of Plastic Materials for Food Oil Packaging
Opportunities:
Growing Number Adhesive Players across the Globe
Competitive Landscape:
The global food packaging adhesive market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability.
Some of the key players profiled in the report are Centra Foods (United States), Smurfit Kappa Group (Ireland), Sidel (Italy), Scholle IPN (United States), Avonflex (India), Sun Pack (India), Spout Pouch (United Kingdom) and Marathon Packing Corporation (United States). Additionally, following companies can also be profiled that are part of our coverage like United Oil Processing and Packaging (Egypt) and CFC.INC (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Food Oil Packaging market by 2030. Considering Market by Packaging Capacity, the sub-segment i.e. 500ml will boost the Food Oil Packaging market.
Latest Market Insights:
In Tata Consumer product Ltd acquire Capital Foods and Organic India in separate deals. These acquisitions align with TCPL's strategic intent to expand its product
In March 2023,Milk Marketing Federation Ltd (GCMMF) has launched a fixed-price retail pack of refined cottonseed oil for ₹100. The Amul marketer GCMMF sells six variants of edible oils under the brand ‘Janmay’
Different standards like PFA, Agmark and BIS are formulated which give specifications on the quality parameters of oil at the time of sale , the shelf life of different plastic packaging material and specification on safety and performance of packaging materials.
What Can be Explored with the Food Oil Packaging Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Food Oil Packaging Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Food Oil Packaging
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Oil Packaging market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Oil Packaging market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Service Provider of Food Oil Packaging, Food & Beverage Industry, Raw Material Suppliers, Regulatory Bodies and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.