About Food Beverages Rigid Packaging
Packaging is that the method of enclosing or protecting the finished food products for distribution, storage, sale, and end-use. Rigid packaging has gained its importance within the food and drinks business because it provides a long time period to the packaged food things. Rigid packaging container includes bottles, cans, ampules, aerosol containers, aluminum bottles and jars among others. As compared to alternative packaging varieties, rigid plastic packaging containers give distinctive edges like high impact strength, high stiffness, and high barrier properties that have dilated the market for rigid plastic packaging medium in recent years. On the idea of form, rigid packaging for the food and drink business is divided into foldable boxes, rigid boxes, food trays, machine-made paper bags, pet packaging, hot food packaging, and flat luggage/sandwich bags, and others. On the idea of stuff, the business will be categorized as plastic, metal, paperboard, and glass. Rigid plastic packaging dominates the world's rigid packaging for the food and drinks business.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European and United States Vendors will contribute the maximum growth to Global Food Beverages Rigid Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DS Smith plc (United Kingdom), Holmen AB (Sweden), Georgia-Pacific LLC (United States), MeadWestvaco Corporation (United States), BASF SE (Germany), Amcor Limited (Switzerland), Berry Plastics Corporation (United States), The Dow Chemical Company (United States), Reynold Group Holdings Limited (New Zealand) and Sealed Air Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are RESILUX NV (Belgium) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Food Beverages Rigid Packaging market by Type (Bottles & Jars, Rigid Bulk Products, Trays, Tubs, Cups, & Pots and Others) and Region.
On the basis of geography, the market of Food Beverages Rigid Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Production Process, the sub-segment i.e. Extrusion will boost the Food Beverages Rigid Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the Food Beverages Rigid Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Trend in Usage of Natural Materials
Market Growth Drivers:
Improving Manufacturing Output, Increasing Expenditure on Packaged Foods and Increasing Urban Population
Challenges:
Fluctuating Price of Raw Materials
Restraints:
High-Cost Initial Set-Up
Opportunities:
New Emerging Technologies in the Food Packaging Industry
Market Leaders and their expansionary development strategies
In December 2023, Novvia Group, a global distributor of life sciences packaging, has announced the acquisition of JWJ Packaging, a US-based supplier of drums pails and other rigid container products. The financial details of the acquisition by Novvia, which is supported by Kelso & Company, remain undisclosed.
In July 2023, Melodea Launched Barrier Product for Recyclable Food Packaging. The water-based, plant-sourced coating can line films, pouches, bags, lidding, and blister packs.
The FDA's guidelines also require that package labeling include nutrition guidelines, expiration or "best if used by" dates, handling and preparation instructions, and the packaging company's contact information.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Food Beverages Rigid Packaging, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.