The hot fill packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hot Fill Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hot fill packaging market size has grown strongly in recent years. It will grow from $57.84 billion in 2023 to $60.80 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to microbial safety, shelf life extension, consumer demand for convenience, growing food industry and food safety laws, and economic efficiency.
The hot fill packaging market size is expected to see strong growth in the next few years. It will grow to $74.63 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to consumer demand for convenience, health and wellness trends, technological advancements, regulatory standards, regulatory sustainability concerns, sustainability concerns, and market expansion. Major trends in the forecast period include sustainable materials, lightweight packaging, enhanced barrier properties, smart packaging, aseptic hot fill, and custom packaging solutions.
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Scope Of Hot Fill Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hot Fill Packaging Market Overview
Market Drivers –
Increasing consumption of beverages is expected to propel the growth of the hot fill packaging market going forward. The consumption of beverages is rising due to the increasing global population, urbanization, and the growing demand for convenience and variety in diets. Hot-fill packaging in beverages extends shelf life by sterilizing both the product and container at high temperatures, ensuring safety and preserving quality without the need for preservatives. For instance, in March 2022, according to the Australian Bureau of Statistics, an Australia-based government statistical agency, in the 2020–21 period, supermarkets, grocery stores, convenience stores, specialty food stores, and fresh food markets in Australia collectively sold 14.7 million metric tons of food and non-alcoholic beverages. This marked a 1.4% increase (equivalent to 204,100 metric tons) compared to the preceding 12 months (2019–20). Therefore, the increasing consumption of beverages is driving the growth of the hot fill packaging market.
Market Trends –
Major companies operating in the hot fill packaging market are developing innovative products, such as hot-fill sauce bottles, to sustain their position in the market. Hot-fill sauce bottles are containers specifically designed to withstand the high temperatures of the hot-fill process used for packaging sauces. For instance, in June 2022, Berry Global Group Inc., a US-based packaging company, launched Nova, a new line of hot-fill sauce bottles. These bottles are designed to have an appealing appearance on the shelf and offer maximum consumer convenience. Nova bottles come in 250- and 500-ml sizes, are made from clear polypropylene (PP), and feature a modern curved design. They are suitable for both top-down and upright use and have a large label area for impactful product branding. The bottles are manufactured using a multilayer structure of polypropylene, ethylene vinyl alcohol, or polypropylene, which extends their shelf life and makes them appropriate for cold and hot filling up to 95 °C. The top-down design and easy squeezability help reduce product waste by ensuring precise dispensing and maximizing product evacuation.
The hot fill packaging market covered in this report is segmented –
1) By Product Type: Hot Fill Packaging Containers, Hot Fill Packaging Bottles And Jugs, Hot Fill Packaging Jars
2) By Material Type: Polyethylene Terephthalate (PET), Glass, Polypropylene, Others Material Types
3) By Machine Type: Manual, Automatic
4) By Packaging: Tertiary, Secondary, Primary
5) By End-User: Sauces And Spreads, Fruit Juices, Vegetable Juices, Jams, Mayonnaise, Flavored Water, Ready To Drink Beverages, Soups, Dairy, Other End-Users
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Regional Insights –
North America was the largest region in the hot fill packaging market in 2023. The regions covered in the hot fill packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the hot fill packaging market are Amcor plc, Berry Global Inc., DS Smith, Borealis AG, Sonoco Products Company, Silgan Holdings Inc, ALPLA Werke Alwin Lehner GmbH & Co KG, Klöckner Pentaplast, Graham Packaging Company, Pretium Packaging, RESILUX NV, Placon, Gualapack S.p.A, Pipeline Packaging, United States Plastic Corp, MJS Packaging, Kaufman Container, Ya YA Foods Corp., LOG Plastic Products Company Ltd., Imperial Packaging, Constar International LLC
Table of Contents
1. Executive Summary
2. Hot Fill Packaging Market Report Structure
3. Hot Fill Packaging Market Trends And Strategies
4. Hot Fill Packaging Market – Macro Economic Scenario
5. Hot Fill Packaging Market Size And Growth
…..
27. Hot Fill Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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