The hygienic food and beverage packaging market is growing at a strong CAGR of 2.6% through 2033 | FMI

According to FMI, the hygienic food and beverage packaging market is expected to grow from $40.72 billion in 2023 to $52.55 billion by 2033. The market is expected to register a compound annual growth rate (CAGR) of 2.6% between 2023 and 2033.

One of the main factors is the increasing demand for packaged food and beverages, driven by factors such as increasing urbanization, changing consumer preferences and rising disposable incomes. This leads to a high need for innovative and hygienic packaging solutions that can keep food and beverages fresh and safe for a long time.

The Covid-19 pandemic has increased the focus on hygiene and safety in the food industry. This has led to a rise in demand for hygienic packaging solutions that can prevent contamination and ensure product safety. This trend is expected to continue even after the pandemic subsides, as consumers continue to prioritize health and safety in their purchasing decisions.

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The market is also being shaped by the increasing preference for eco-friendly and sustainable packaging materials such as biodegradable plastics, paper-based products and recyclable materials. This trend is being driven by increasing consumer awareness of the environmental impact of packaging waste as well as growing regulatory pressure to reduce waste and increase sustainability.

There are several exciting opportunities for market growth, including the development of new and innovative packaging solutions that can extend shelf life, reduce waste, protect food from external influences, and improve the overall consumer experience. Technological advancements, such as smart packaging solutions with sensors and other advanced features, are also opening up new opportunities for convenience and value-added offerings in the market.

In the global market, North America holds a dominant position and is expected to maintain this position during the forecast period. The stringent regulations of the Food and Drug Administration (FDA) have helped this sector thrive. The demand for advanced and modern packaging materials is expected to increase in this region as manufacturers comply with food safety regulations and standards.

Key findings:

• The UK market is expected to grow at a compound annual growth rate (CAGR) of 3.4% through 2033.
• The United States dominated the market in 2022, holding a 20% share of the global market.
• In 2022, Japan had a global market share of 4.5%.
• The Chinese market is expected to grow at a compound annual growth rate (CAGR) of 6.1% throughout the forecast period.
• Germany’s share of the global market was 7.5% in 2022.

Competitive landscape:

Major players in the market include Karatzis SA, Crown Holdings Inc., FP Corporation, Silgan Containers, Canfab Packaging Inc., Berlin Packaging LLC., Chuo Kagaku Co. Ltd. and others.

These key players are developing innovative and sustainable packaging solutions to meet the increasing demand for safe, hygienic and durable products. In addition, leading players are investing heavily in research and development to create innovative and protective packaging solutions.

Current developments:

• In December 2022, Chuo Kagaku Co. Ltd. introduced a bowl and noodle container with excellent heat resistance and heat retention. In addition, the center plate lid is integrated, which combines the center plate and lid.
• In October 2022, Crown Holdings, Inc. unveiled a redesigned corporate website to highlight the importance of metal packaging in brand building, showcase the feature’s strong sustainability performance, and provide up-to-date information on the company’s serious environmental, social and governance (ESG) initiatives.

Key segments covered

By packaging type:

• Cardboard
• Hard plastic
• Glass
• Flexible plastic
• metal
• Other types of packaging

By product type:

• Milk and other beverage cartons
• Cups and liquid-tight containers
• Foldable food containers
• Boards & Trays
• Other product types

By region:

• North America (USA and Canada)
• Latin America (Brazil, Mexico, Argentina and rest of Latin America)
• Europe (Germany, United Kingdom, France, Italy, Spain, Scandinavia and Rest of Europe)
• Japan
• APEJ (China, India, Malaysia, Thailand, Singapore, Australia and rest of APEJ)
• Middle East and Africa (GCC, South Africa, Nigeria, Israel and rest of the Middle East)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award recipient and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that are driving demand in the market. FMI is the world’s leading provider of market intelligence, advisory services, consulting and events for the packaging, food and beverage, consumer technology, healthcare, industrial and chemical markets. With a huge team of over 400 analysts Worldwide, FMI provides global, regional and local expertise on various sectors and industry trends in over 110 countries.

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