The Rigid Food Container market is expected to index a valuation of $XX million from a value of $XX registered in 2021. Over the course of this forecast timeline, the global rigid food container market is slated to index a CAGR of X.X%.
The COVID-19 Pandemic’s Effects:
Over the previous 18 months, almost every industry in the world has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other limitations imposed by governments all over the world. The global Rigid Food Container market is no exception. Furthermore, consumer demand has decreased as people are now more focused on removing non-essential expenses from their budgets since the general economic situation of most people has been badly impacted by the outbreak. The sales trajectory of the company is projected to be burdened by the aforementioned factors Over the forecast period, the worldwide Rigid Food Container market is expected to grow. The global Rigid Food Container market is predicted to revive as respective government agencies begin to lift these enforced lockdowns.
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Because of the growing number of nuclear households, demand for convenience foods has increased. According to the Office for National Statistics in the United Kingdom, the number of one-person households has risen steadily from slightly over 10% in 1961 to more than 30% in 2011. This share will continue to rise in the foreseeable future, resulting in increased demand for packaged food products.
In addition, the food and beverage industry has seen growing need for better packaging facilities, such as rigid packaging, as a result of rapidly changing demographics, higher expenditure on packaged food goods around the world, and enhanced production productivity.
Increased global trade necessitates the need to protect food products from damage while in transit
Baby food, meat, poultry, and seafood, bakery & confectionary, fruits & vegetables, dairy goods, and ready-to-eat food are among the applications where rigid packaging excels. The robust expansion of the food and beverage industries’ regional client base has led in increased global trade, necessitating the need to protect food goods from harm during shipping.
Reusable and recyclable rigid food containers are made of paperboard, metal, and glass. To reduce carbon emissions from rigid plastic packaging, leading rigid food container manufacturers are focusing on ongoing product innovation and moving beyond adoption of conventional materials and products.
Key Market Segments
By Type :
By Application :
● Meat, Poultry & Seafood
● Dairy Products
● Bakery & Confectionary
● Ready to Eat Food
● Baby Food
● Fruits & Vegetables
● Other Applications
List the major players in the rigid food container industry who are covered in the report:
• Bemis Company Inc
• Huhtamaki Oyj
• Printpack Inc
• The Smurfit Kappa Group Plc
• Sonoco Products Company
• Ball Corporation
• Crown Holdings Incorporated
• BASF SE
• Resilux NV
• DS Smith PLC
• Reynolds Group Holdings Limited
• MeadWestvaco Corporation
• Sealed Air Corporation
The Rigid Food Container Market Report covers the following key aspects:
• An in-depth look at the worldwide Rigid Food Container market.
• Detailed information on the elements that will drive or stifle the worldwide Rigid Food Container market’s growth prospects.
• CAGR forecasts for the market throughout the forecast period
• Rigid Food Container market size estimates that are precise
• Predictions of future trends and consumer behaviour patterns that are accurate
• The market for Rigid Food Containers could expand in the future.
• An in-depth examination of the competitive landscape in the Rigid Food Container market.
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